Parwaz Card Loan for Overseas Students Complete Apply Guide

Parwaz card loan overseas guide

Parwaz Card Loan For thousands of Pakistani students, the dream of going abroad for higher education often comes with one big challenge: finances. Tuition fees in foreign universities, travel costs, accommodation, and living expenses can be a huge burden on families. To help with this issue, the Government of Pakistan has introduced the Parwaz Card Loan for Overseas Students, a special financial support program that provides interest-free or low-interest loans to those who wish to pursue education in countries like the UK, USA, Canada, Australia, and Gulf nations.

This scheme is not just a loan; it is a lifeline for middle-class and lower-middle-class families who cannot afford large upfront payments. Through the Parwaz Card, students are given a card that works almost like a financial support tool. It allows them to pay for university admission fees, travel tickets, and even hostel charges abroad. The main aim is to ensure that no capable student in Pakistan is forced to leave their education incomplete due to financial barriers.

The government has partnered with several banks and overseas education foundations to run this scheme in a transparent way. The process is also being kept simple so that students can apply without going through heavy paperwork. In this article, I will explain in detail how the Parwaz Card Loan for Overseas Students works, who can apply, what documents are required, and what the full application process looks like.

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What is a Parwaz Card Loan?

The Parwaz Card Loan for Overseas Students is a government-backed program designed to provide easy financial access for students who get admission abroad. Instead of taking expensive loans from private lenders or selling family property, students can now get financial help directly under this scheme.

The card works just like an education support card. Once you are approved, the loan amount is transferred through the card, and you can use it for the following purposes:

• Paying university admission and tuition fees
• Buying flight tickets for overseas travel
• Paying for hostel or rented accommodation in the first months abroad
• Meeting emergency expenses during your initial stay in a foreign country

Who Can Apply for Parwaz Card Loan?

Not every student can apply. The scheme has been designed specifically for overseas education purposes. To make things clear, here are the main conditions:

• The applicant must be a Pakistani citizen holding a valid CNIC
• Must have confirmed admission or offer letter from a foreign university/college recognized by HEC (Higher Education Commission).
• Age limit is usually between 18 to 35 years.
• Preference is given to students from middle-class families with limited income resources.
• Both male and female students can apply equally.
• Students who already received a scholarship can still apply if their scholarship does not cover full costs.

This program is particularly helpful for those who want to go abroad but struggle with initial expenses like visa processing, flight, and first-semester fee.

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Benefits of Parwaz Card Loan for Students

The scheme is designed to give maximum relief and encouragement to Pakistani students. Let’s go through the key benefits one by one:

• Interest-free loan options for students from low-income families.
• Easy installment plans after completion of studies, so repayment does not become a burden.
• Direct disbursement to universities for transparency.
• Support in foreign currency transactions, which means students do not have to worry about currency fluctuations.
• Helps in building confidence for students and parents while sending their child abroad.
• Nationwide application centers for easy registration.

Documents Required for Parwaz Card Loan

While the process is made simple, students must prepare certain documents in advance. Missing documents may delay the application. Below is the checklist:

• Valid CNIC / B-Form of applicant
• Passport with at least 6 months validity
• University admission letter / offer letter from abroad
• Educational certificates (Matric, Intermediate, Bachelor, etc.)
• Income certificate of parents/guardian
• Bank statements (if available)
• Visa documents (if already issued)
• Two passport-size photographs

Step-by-Step Process to Apply

Here is the complete process of applying for the Parwaz Card Loan for Overseas Students:

1. Visit the Parwaz Card official website or nearest bank branch partnered with the scheme.
2. Download and fill the application form carefully.
3. Attach all required documents with the form.
4. Submit the form either online or by hand at the designated office.
5. Wait for the verification process (admission letter, CNIC, and income details will be verified).
6. After approval, the Parwaz Card will be issued to you.
7. Use the card for paying tuition, visa, travel, and other overseas education expenses.

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Offices and Banks Where You Can Apply

Currently, the Parwaz Card Loan program is running in collaboration with selected banks and government centers. Students can apply from:

• National Bank of Pakistan (NBP) branches
• Bank of Punjab (BOP)
• Allied Bank (ABL) selected branches
• Overseas Pakistanis Foundation (OPF) offices
• Parwaz Card official web portal

Loan Amount and Repayment

The government has set flexible loan amounts to cover different needs.

The repayment begins after one year of completing studies or once the student starts earning abroad. Installments are kept small and interest-free for low-income families.

Key Points to Remember Before Applying

• Always check if your foreign university is recognized by HEC.
• Prepare documents well in advance.
• Never give false income details; strict verification is done.
• Apply at least 2-3 months before your visa process.
• Keep copies of every submitted document.

FAQs

Is Parwaz Card Loan interest-free?
Yes, for low-income students, the loan is interest-free. For others, a very minimal service charge may apply.

Can I apply if I already have a scholarship?
Yes, you can. The Parwaz Card Loan will cover expenses not included in your scholarship, such as travel, hostel, or remaining tuition.

Do I need a guarantor for the loan?
Yes, usually one parent or guardian is required as a guarantor to ensure repayment after studies.

Can diploma or short course students apply?
Yes, if the course is recognized and more than six months long, you are eligible.

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