Bahria University – Official Web Portal
INTEREST FREE LOAN SCHEME FOR LAPTOP PROCUREMENT - BU STUDENTS1866900421957500Student Affairs Directorate (HO)Bahria UniversityINTEREST FREE LOAN SCHEME FOR LAPTOP PROCUREMENT - BU STUDENTSINTRODUCTIONInvestment in youth has been recognized as the best long-term speculation for prosperous future of any nation. Bahria University facilitate its students in different ways to fulfill their dream of becoming successful graduates so as to perform exceptionally good in their practical life. Laptop is now an important gadget for students to perform their academic and research activities. In this information age, personal computing devices, like a laptop, is a must especially for students at Higher Education level. Keeping this reality in consideration and realizing its importance BU is launching its Loan policy for Laptop procurement w.e.f. Fiscal year 2020-21. This scheme shall support financially underprivileged students at UG Level to buy laptops as per their academic requirements. ELIGIBILITY CRITERIAFollowing shall be the eligibility criteria; Loan for laptop procurement shall be offered to the students from 2nd semester to 6th semester students holding minimum CGPA of 2.5 at UG level and incase of annual system student of 2nd year/3rd year with 50% Marks can apply/avail the facility.Selection shall be made based on need assessment of students i.e. those students who cannot afford to buy laptops for their academic use shall be eligible to apply.Two committees one at Campus Level and other at Head Office will evaluate the individual cases and put up the recommendation to Honorable Rector for final approval. FINANCIAL PARAMETERS Initially the allocated budget for Laptop Loan Scheme in FY 2020-12 is Rs. 12 million that may be revised depending upon fiscal space. Every year dedicated budget shall be allocated by BU under this scheme. An amount of loan up to the limit of Rs. 100,000/- shall be approved and paid to students, over and above expense, in case of student buying a laptop with very high technical specification due to academic & research requirement, shall be borne by student(s) themselves(s).It will be a revolving fund, as once the student starts repaying the loan and it is expected that in coming years’ additional cases shall be approved from recovered loan as well.HOW TO APPLY At the commencement of new semester/ year in case of annual system, DSA office with the support of DIT shall advertise the loan scheme among campuses through which students are to be advised to apply online. Interested Applicant(s) shall be asked to apply through Application Form along with submission of supporting documents (evidence to evaluate neediness of students), which would include. Salary/pension Certificate in respect of Father/Guardian, Mothers, Brothers & SistersTelephone bills (Most recent/family residency)Gas Bills (Most recent/family residency)Electricity bills (Most recent/family residency)University transcriptNIC copy and 2 passport size photographsStudent/Co-borrower/ guarantor’s bank account statement for last 6 month FAILURE TO COMPLY WITH LOAN REPAYMENTWhen a student will fail to pay back the Loan, his/her final transcript and degree will not be issued, till the time 100% loan is not recovered. ................
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