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How to get Student Loan From First Microfinance bank

Student Finance is a specialized loan product developed to cover the expenses of tertiary education (bachelor’s and master’s degrees) and technical education. Financial facilities are available to cover tuition and other institutional educational expenses by semester or academic year. Loans can be repaid in the short term by the student’s parent, or in the medium or long term by both the parent and the student.

First Microfinance bank Student Finance Eligibility Criteria       

Parents / blood relative

a)      Annual income (net of business expenses) not to exceed PKR 1,200,000

b)      Valid CNIC

c)      Age between 18 and 65 years

d)     Permanent resident of the area in FMFB branch


a)      Valid CNIC

b)      Age between 18-45 years

c)      Enrolled in or seeking admission to a graduate / postgraduate program at an HEC-recognized institute or an FMFB-selected vocational and technical institute

First Microfinance bank Student Finance Purpose of Credit

a)      Support education in Bachelor’s, Master’s, Technical and Vocational Training;

b)      The loan will cover all expenses payable directly to the educational institution, that is, tuition, exam fee, admission fee, and hostel fee, where applicable

First Microfinancebank Student Finance Lending Methodology

Ø  Individually

Ø  The loan will be made to the parents / blood relatives of the student + the student, under a joint loan agreement

First Microfinancebank Student Finance Loan Amount

Ø  Minimum: PKR 20,000

Ø  Maximum (For each semester/academic year): PKR 350,000

First Microfinancebank Student Finance Loan Repayment

Ø  Monthly Installments

Ø  Bullet Repayment

First Microfinancebank Student Finance Loan Tenor

Ø  Monthly: 6M – 60M

Ø  Bullet: 6M

First Microfinance bank Student Finance Required Documents

a)      Personal guarantee

b)      Third party personal guarantee

c)      Lien on National Savings Certificates / Deposit Account

d)     Property (residential, commercial and agricultural land)

How to Apply For The First Microfinance bank Ltd loan Programs

Click to explore the bank branches. Visit the nearest bank to apply for your favorite loan program:

The First Microfinancebank Ltd Contact Information

Ø  16th/ 17th Floors, Habib Bank Tower, Blue Area, Islamabad.

Ø  Toll Free: 0800-FIRST (34778)

Ø  Fax: (+92-51) 2821817

Ø  Email: area

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