Askari Education Loan

Askari Bank offers Askari Education Loan for the deserving and hard working students who are willing or already studying in HEC recognized universities or institutions within Pakistan. This product is specifically designed to provide financial assistance to students covering the cost of schedule fee, boarding, procurement of textbooks and other allied expenses.

You may apply Askari Education Loan to give the best education to your child for their betterment and success.

Product Features Details
Eligibility Criteria 1.This facility will be available to children’s of borrowers and loan may be allowed irrespective of salary disbursement through AKBL or any other Bank.

2. Students meeting the following criteria shall be eligible for applying loan from Askari Bank Limited:

  • Must be a Pakistani National
  • Have valid CNIC of borrower & co-borrower
  • At least 50% marks in the last Board / University examination.
  • Must have a valid admission in any recognized educational/technical/professional institution.
  • The students already studying in any recognized institution may also avail education finance.
  • Have a valid admission in an educational / technical / professional institution.
  • No default is appearing in eCIB of SBP.
  • Should have been in following age bracket at the time of admission:

    Education Age Criteria for co-borrower
    Graduation Not exceeding 23 years
    Post-Graduation Not exceeding 26 years
    MBBS / Engineering / Ph.D Not exceeding 30 years
Minimum Age
  • 21 Years Salaried (For Borrower)
  • 18 Years Salaried (For Co-Borrower)
Repayment Monthly equal instalments through Direct Debit on 1st of every month after disbursement of loan. Borrower will provide Direct Debit Authority for debiting monthly instalment from his / her.
Grace Period No Grace Period i.e. Monthly instalments will be due on 1st of every month after disbursement of Education Loan.
Pricing 16% to 19.99% (Fixed mark up rate)
Loan Tenor 1 Year to 5 Years
Bank’s Schedule of Charges No charges
Maximum Loan Amount Maximum financing will be as follows:

Education Maximum Financing
Graduation PKR 300,000
Post-Graduation/Diploma PKR 400,000
MBBS / Engineering / Ph.D PKR 500,000

Note: The amount of loan to a student for the entire duration of study may cover cost of schedule fee, boarding, procurement of textbooks and other allied expenses. All such Loans will only be paid directly to the education Institute / University. None of the amount will be paid to other than Institute / University.

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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.
You can apply by visiting our Branches or by calling at our 24 hrs Voice & Virtual Center at 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.