What Are The Documents Required To Apply For Study Loan In Pakistan

Many students have a wish to apply for study abroad. Most of them take help from the scholarship programs to make their dreams true but all the students do not stand with the same temperament to win the scholarships to start their study abroad journeys. Then what should those students do? Do they forget about the study abroad journey? Or do they have any other option?

Well, those students are informed that do not lose your hope, because there is still an option exists for you that you can take a loan to start your study abroad journey. Here you can find the complete detail that what banks are best in giving loans and what are the basic requirements to be eligible for study abroad loan and what document you should possess while submitting your study abroad loan application:

Banks That Offer Study Abroad Loan

The following are the banks offer study abroad loan to Pakistani students:

Bank Alfalfa

Bank Alfalfa invites students to facilitate them with education loans to reach the students at the destinations of their dreams. Bank alfalfa offers up to 70,000 USD to the deserving or eligible students.

United Bank Limited

United Bank Limited also takes care of students who are willing to start their study abroad journey. United Bank offers up to 70,000 USD to students who come under the set eligibility criteria.  

Habib Bank Limited

Habib bank provides a loan in low interest and the bank offers the loan against a fixed deposited amount.

Basic requirements To be Eligible For Study Abroad Loan

The following are the basic requirements to be eligible:

• Students must secured admission to a recognized foreign university.

• Students must be older than 18 years of age.  

• Students must be a Pakistani national

What Documents Are Required For Study Abroad Loan

The Following are the documents your bank can ask you to provide:

• Proof of identity

• Residence proof

• Proof of family income

• Property paper

• Copies of academic documents

• Proof of admission to a foreign university

• Fee structure or fee schedule offered by the university

• Valid passport & student visa proof.

What Expenses Are Covered By Study Abroad Loan

The following are the expenditures the loan will cover:

• University tuition fee

• Living expenses

• Books and study materials costs

• Examination fee and other expenditures

Note: students who are willing to apply for study abroad can get the complete study abroad guide here at studyabroad.pk. At the same time, students are also provided regular scholarship announcements to make their study abroad journey easy and possible.