Financing of Tuition Fee

In the same context, the bank has introduced a scheme to finance semester fee of deserving students of business/professional school, colleges, institutions, universities etc., against the repayment guarantee of their father/mother/guardian. The loan would be payable in  monthly installments depending upon period of the semester so that they may avail further financing for the next semester.

Terms and Conditions

 

	The students’ fee will be financed for the semester period payable in monthly installments so that the student may avail financing for the next semester.
	Mark-up would be charged @ 15% per annum.
	Two guarantees (including one of father's or mother's) for repayment of the loan will be required.
	Post dated cheques will be deposited with the bank.
	The payment will be made directly to the university/institute.
	Legal documentation to be completed as per requirement of the bank at the cost of the applicant which amounts to Rs. 500/-
	Minimum age of the student must be 18 years and should be holding CNIC issued from Karachi.
	The students as well as the guarantors must be permanent resident of Karachi.