Parwaz Card Loan for Overseas Students Complete Apply Guide 2025
Parwaz Card Loan for Overseas Students Complete Apply Guide 2025. Many talented Pakistani students dream of studying abroad but face one major hurdle financial limitations. University tuition fees, travel costs, and living expenses in countries like the UK, USA, or Canada are often too high for middle-class families.
To solve this challenge, the Government of Pakistan has introduced the Parwaz Card Loan for Overseas Students 2025, a dedicated education financing scheme.
This guide explains everything you need to know from eligibility criteria to the step-by-step Parwaz Card Loan application process, approved banks, repayment details, and pro tips to ensure approval.
What is Parwaz Card Loan 2025?
The Parwaz Card Loan for Overseas Students is a government-backed financial aid program that supports Pakistani students who want to study abroad. It allows eligible students to get interest-free or low-interest loans through a specially issued Parwaz Education Card.
This card acts like a study financing tool, enabling students to pay for their:
- University admission or tuition fees
- Flight tickets and visa expenses
- Hostel or accommodation costs
- Emergency educational expenses abroad
The purpose is to make sure no deserving student misses the chance to study overseas due to lack of money.
Main Objectives of the Parwaz Card Loan Scheme
| Objective | Description |
|---|---|
| Education Access | To help talented Pakistani students pursue higher education abroad without financial stress. |
| Financial Inclusion | To provide fair access to educational loans for middle and lower-income families. |
| Economic Empowerment | To develop a globally skilled Pakistani workforce for future economic growth. |
| Transparent Funding | To ensure fair distribution through banks and verified educational institutions. |
Key Benefits of Parwaz Card Loan 2025
The Parwaz Card Loan is not just another government scheme — it’s a practical and life-changing opportunity. Here are its most valuable benefits:
1. Interest-Free Education Loan
Students from low-income families can receive interest-free loans, reducing long-term financial pressure.
2. Convenient Financial Card
The Parwaz Card works like a debit or prepaid card, allowing direct payments to universities, airlines, or hostels.
3. Easy Repayment Terms
Repayment starts after completion of studies, usually one year after graduation or upon employment.
4. Wide International Coverage
It supports students heading to HEC-recognized universities in countries like:
- United Kingdom
- United States
- Canada
- Australia
- Germany
- UAE
- Saudi Arabia
- Malaysia
5. Transparent Banking Partnership
The scheme is managed in collaboration with:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Allied Bank Limited (ABL)
- Overseas Pakistanis Foundation (OPF)
Eligibility Criteria for Parwaz Card Loan
Not everyone qualifies for the loan — here’s what you must meet:
| Requirement | Details |
|---|---|
| Citizenship | Must be a Pakistani citizen with a valid CNIC or B-Form. |
| Admission Proof | Must hold a confirmed admission or offer letter from an HEC-recognized foreign university. |
| Age Limit | Between 18 and 35 years old at the time of application. |
| Family Income | Priority for middle-class and low-income families (under defined income limits). |
| Gender Equality | Both male and female students can apply. |
| Scholarship Holders | Students with partial scholarships are also eligible. |
| Academic Record | A minimum of 60% marks in the last degree or equivalent qualification. |
Documents Required for Parwaz Card Loan 2025
Before applying, make sure your documents are complete to avoid delays. Here’s a checklist:
| Document | Description |
|---|---|
| CNIC / B-Form | Proof of identity (applicant & guardian). |
| Passport | Must be valid for at least six months. |
| University Admission Letter | From a foreign university recognized by HEC. |
| Educational Certificates | Matric, Intermediate, Bachelor’s, or relevant qualification. |
| Parent/Guardian Income Certificate | Proof of financial status. |
| Bank Statement | Optional but recommended for verification. |
| Visa Documents | If already issued. |
| Photographs | Two recent passport-size photos. |
Tip: Scan and keep soft copies ready for online upload. Missing documents can delay approval.
Step-by-Step Process to Apply for Parwaz Card Loan
Here’s the complete process, simplified for you:
Step 1: Visit the Official Portal
Go to the Parwaz Card Loan official website or visit the nearest participating bank branch (NBP, BOP, or ABL).
Step 2: Download and Fill the Application Form
Carefully fill out your details, including university, course, and personal information. Double-check spelling and CNIC numbers.
Step 3: Attach Required Documents
Attach all necessary documents mentioned above. Ensure scanned copies are clear and readable.
Step 4: Submit Your Application
Submit online via the portal or manually at the designated bank branch or OPF office.
Step 5: Verification Process
Your documents, admission letter, and financial status will be verified by the bank and education department.
Step 6: Loan Approval and Card Issuance
After approval, your Parwaz Card will be issued. The approved loan amount is credited directly to your card.
Step 7: Use the Card for Overseas Education Expenses
You can use the card for:
- University fee payments
- Visa and flight bookings
- Accommodation deposits
- Emergency academic expenses
Loan Amount & Repayment Terms
The loan amount depends on your educational expenses and country of study. Below is a breakdown:
| Expense Type | Maximum Limit (PKR) | Repayment Start |
|---|---|---|
| University Tuition Fee | Up to 2,000,000 PKR | After 1 year of studies |
| Air Ticket & Visa Cost | Up to 500,000 PKR | After 1 year of studies |
| Accommodation (Hostel/Rent) | Up to 300,000 PKR | After 1 year of studies |
| Miscellaneous Educational Costs | Up to 200,000 PKR | After 1 year of studies |
- Grace Period: 12 months after graduation.
- Repayment Tenure: 3–5 years (flexible).
- Interest Rate: 0% for low-income students; minimal service charges for others.
Partner Banks and Offices for Application
You can apply through any of the following institutions:
| Institution | Mode of Application |
|---|---|
| National Bank of Pakistan (NBP) | In-branch and online application |
| Bank of Punjab (BOP) | Designated education financing desks |
| Allied Bank Limited (ABL) | Selected urban branches |
| Overseas Pakistanis Foundation (OPF) | Walk-in registration centers |
| Parwaz Card Web Portal | 24/7 online form submission |
How Parwaz Card Loan Helps Overseas Students
The Parwaz Card Loan has transformed the way Pakistani students fund their studies abroad.
Here’s how it makes a difference:
- Reduces dependency on private money lenders or family assets.
- Ensures educational continuity even if the family income is unstable.
- Builds financial discipline among youth through structured repayments.
- Boosts Pakistan’s image internationally as a country supporting education and innovation.
Important Tips Before Applying
To improve your chances of approval, follow these essential guidelines:
- Apply Early – Start your loan process at least 3 months before your visa appointment.
- Verify Your University – Only apply if your university is HEC-recognized.
- Prepare Income Details Honestly – Falsified income data can cause rejection.
- Keep All Receipts – Maintain proof of all transactions for accountability.
- Follow Up – Check your loan status via the Parwaz web portal or bank helpline.
FAQs
1. What is the Parwaz Card Loan for Overseas Students?
It’s a government-sponsored education loan that helps Pakistani students pay for tuition, visa, and travel costs when studying abroad.
2. Is the Parwaz Card Loan interest-free?
Yes, for low-income students, it is interest-free. Others may pay minimal service charges.
3. Who is eligible for this loan?
Pakistani citizens aged 18–35 with confirmed admission to an HEC-recognized foreign university can apply.
4. Can I apply if I already have a scholarship?
Yes. Even if your scholarship covers partial expenses, you can apply for remaining costs like travel or accommodation.
5. Which banks offer Parwaz Card Loan applications?
You can apply through NBP, BOP, ABL, and OPF centers across Pakistan.
Conclusion
The Parwaz Card Loan for Overseas Students 2025 is a visionary step by the Government of Pakistan to empower youth through education. It provides interest-free financial access for students eager to study abroad, reducing financial pressure on families.
