Askari Education Loan

Overview

Askari Bank offers the Askari Education Loan to support deserving and hardworking students who are willing or already studying at HEC-recognized universities or institutions in Pakistan. This product is specifically designed to provide financial assistance to students covering the cost of schedule fee, boarding other allied expenses as per fee challan.

Give your child the best opportunities for success. Apply for Askari Education Loan today and invest in a future full of possibilities.

Product Features

Particulars	Details
Eligibility Criteria	This facility will be available to Civilians to meet the expenses of Higher Education of the applicant or their children. The loan may be allowed irrespective of salary disbursement through AKBL or any other Bank. Students meeting the following criteria shall be eligible to apply for the loan from AKBL: Must be a Pakistani national. Having a valid CNIC for both the borrower and co-borrower is required At least 50% marks in the last Board / University examination. Must have a valid admission in any HEC-recognised educational/technical/professional institution. Clean credit history of both borrower & co-borrower as per eCIB of SBP.
Minimum Age	Minimum 21 Years (For Borrower and Co-borrower)
Repayment	Monthly equal instalments through Direct Debit on the 1st of every month after disbursement of the loan. The borrower will provide a Direct Debit Authority for debiting monthly instalments from his / her account.
Grace Period	No Grace Period i.e. Monthly instalments will be due on the 1st of every month after the disbursement of the Education Loan.
Pricing Salaried	Branch Customer: 31% Fixed Non-Branch Customer: 33% Fixed
Loan Tenor	1 Year to 7 Years or as per prevailing SBP Prudential Regulations.
Bank’s Schedule of Charges	Processing Fee: Nil Balloon Payment Charges: Nil Early Termination Charges: Nil Late payment charges (LPC): As per the prevailing SOC Insurance charges: As per the prevailing SOC Legal & documentation charges: At the actual Or these charges may be updated in the prevailing SOC for necessary implementation.
Maximum Loan Amount	Up to PKR 1,000,000 Note: The amount of loan to a student for the entire duration of study may cover the cost of scheduled fees, boarding, and other allied expenses as per the fee challan. Disbursement will only be made directly to the educational institute/university through the applicant's account.

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Terms & conditions apply.

Required Documents

Documents mainly required are:

Application form duly filled in all respects.
Copy of valid CNIC
Salary Slip / Salary Certificate
6-month bank statement
Contract letter (For contractual employees)
Proof of Admission and education related documents.

How to Apply

You can apply by visiting our Branches or by calling at our 24 hrs Voice & Virtual Center at 051-111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.

You can also submit your details here, our staff will contact you.

Education Loan

To calculate your installment, click here!

No documents available.

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