Any Pakistani student, who has secured admission to a recognised university and is between the age of 18 to 35 is eligible for educational loan.
Image Credit: Unsplash
Amount of Loan
Image Credit: Unsplash
Education loans cover your tuition fees and manage the expenses such as hostel fees, the cost of books, academic fees etc. But make sure you can collect money with your plan widely and do not borrow more than needed.
Image Credit: Unsplash
Repayment Plan
Image Credit: Unsplash
The loan repayment plan can become burdensome in future. So you can decide then if you want to option for long term payment and short term payment plan.
Image Credit: Unsplash
Co-Applicant Required
Image Credit: Unsplash
Some banks make it mandatory to have a co-applicant who has your source of income and with the supporting documents that improve your relationship with him.
Image Credit: Unsplash
Tax Benefits
Image Credit: Unsplash
The loan repayment plan can become burdensome in future. So you can decide then if you want to option for long term payment and short term payment plan.