Many Pakistani students dream of studying abroad in countries like the UK, USA, Canada, Australia, or the Gulf, but financial constraints often hold them back. To support these ambitions, the Government of Pakistan has introduced the Parwaz Card Loan for Overseas Students, making international education more accessible.
This guide provides comprehensive details on Parwaz Card Loan 2026, including eligibility, requirements, benefits, and a complete step-by-step application process.
What is the Parwaz Card Loan for Overseas Students?
The Parwaz Card Loan is a government-backed financial aid program designed to assist Pakistani students who have secured admission in international universities but lack the necessary funds to begin their studies.
More than just a loan, it acts as an educational empowerment tool, offering interest-free or low-interest financing for overseas education.
Upon approval, students receive a Parwaz Card — a digital card similar to a debit card — which can be used to cover:
- University admission and tuition fees
- Visa processing and flight tickets
- Initial accommodation or hostel charges
- Emergency or living expenses abroad
Key Highlights of the Parwaz Card Loan 2026:
| Feature | Details |
|---|---|
| Program Name | Parwaz Card Loan for Overseas Students |
| Announced By | Government of Pakistan |
| Purpose | Financial aid for students studying abroad |
| Loan Type | Interest-free / low-interest educational loan |
| Eligibility | Pakistani citizens with confirmed foreign admission |
| Partner Banks | NBP, BOP, ABL, and others |
| Loan Amount Range | Up to PKR 2 million |
| Repayment | Starts one year after completion of studies |
| Application Mode | Online & Offline through partner banks |
Eligibility Criteria — Who Can Apply?
To ensure fair allocation, only eligible students may apply. Requirements include:
Basic Eligibility
- Must be a Pakistani citizen with a valid CNIC or B-Form
- Age between 18 and 35 years
- Must have an admission offer from an HEC-recognized foreign university
- Should belong to a middle-class or low-income family
- Both male and female students are eligible
Special Considerations
- Students with partial scholarships may apply if their funding does not cover all expenses
- Priority is given to fields like STEM, health sciences, engineering, and IT
- Applicants from underserved regions (e.g., Balochistan, interior Sindh, South Punjab) may receive preference
Benefits of the Parwaz Card Loan:
The scheme is designed to provide maximum support, transparency, and flexibility to students and their families:
- Interest-Free Loan Options – Especially for low-income families
- Easy Installments – Repay after completing studies
- Transparent System – Direct payments to universities to avoid misuse
- Multi-Purpose Use – Covers tuition, flight, visa, and accommodation
- Foreign Currency Support – Avoid currency exchange issues
- Confidence for Parents – Reduces financial stress
- Nationwide Access – Apply through multiple banks and online portals
Documents Required for Application:
Prepare these documents before applying to avoid delays:
| Required Document | Details / Notes |
|---|---|
| CNIC or B-Form | Must be valid and readable |
| Passport | At least 6 months validity |
| Admission / Offer Letter | From an HEC-recognized university |
| Educational Certificates | Matric, Intermediate, Bachelor (attested) |
| Parent/Guardian Income Certificate | For means-testing verification |
| Bank Statement | Optional but recommended |
| Visa or I-20 Document | If already issued |
| Photographs | Two recent passport-size photos |
Step-by-Step Application Process 2026:
- Visit the Official Portal – Access the Parwaz Card Loan website or visit a partner bank (NBP, BOP, ABL).
- Download / Collect the Application Form – Fill in the Parwaz Card Loan Application Form accurately.
- Attach Required Documents – Include attested copies of CNIC, admission letter, passport, and income proof.
- Submit the Form – Online submission via the official website or manual submission at a partner branch.
- Verification Process – Application verified through NADRA, HEC, and the bank’s internal checks.
- Approval and Card Issuance – Receive your Parwaz Card for all approved educational expenses abroad.
- Loan Disbursement – Funds loaded on your card or directly sent to the university for transparency.
Partner Banks and Offices:
| Bank Name | Application Channel |
|---|---|
| NBP | All major branches nationwide |
| BOP | Regional education financing centers |
| ABL | Selected branches in major cities |
| HBL | Expected to join soon |
| OPF | Support for overseas visa verification |
Loan Amount and Repayment Terms:
| Type of Expense | Maximum Limit (PKR) | Repayment Start |
|---|---|---|
| University Tuition Fee | Up to 2,000,000 | After 1 year of studies |
| Air Ticket & Visa Fee | Up to 500,000 | After 1 year of studies |
| Hostel / Accommodation | Up to 300,000 | After 1 year of studies |
| Miscellaneous / Emergency | Up to 200,000 | After 1 year of studies |
Tips Before Applying:
- Ensure your foreign university is HEC-recognized
- Prepare all documents in advance
- Avoid providing false income information
- Apply 2–3 months before visa processing
- Keep copies of all submitted papers
- Track your application online
How Parwaz Card Loan Supports Overseas Education?
- Supports Pakistan’s national education and skill export policy
- Encourages knowledge transfer from developed countries
- Reduces brain drain through return-to-serve incentives
- Builds global Pakistani alumni networks
- Enables digital remittance stability
Common Challenges Students Face:
- Delays in loan approval due to incomplete documents
- Limited bank participation in smaller cities
- Lack of awareness about repayment structure
Check Also: KP Cabinet Approves School And College Privatization Reforms
Government’s Vision Behind Parwaz Card Loan:
Led by Chief Minister Maryam Nawaz and the Government of Pakistan, the scheme is part of broader youth empowerment programs:
- Parwaz Employment Program
- Asaan Karobar Card
- CM Green Tractor Scheme
- CM Education Support Loans
Frequently Asked Questions:
What is the Parwaz Card Loan?
It’s a government-backed loan for Pakistani students to study abroad, offering interest-free or low-interest funding for tuition, visa, travel, and accommodation.
Who is eligible to apply?
Pakistani citizens aged 18–35 with an admission offer from an HEC-recognized foreign university. Both male and female students can apply.
Can students with partial scholarships apply?
Yes, students whose scholarships do not cover all expenses can apply for the remaining costs.
