Laptop financingRs 450,000What has been announced?
The government’s 10 November 2026 release includes interest-free laptop financing up to Rs 450,000. The separate Rs 25 million announcement concerns business and agriculture financing, not a student laptop allowance. Read the official announcement ↗
The new release calls laptop financing Tier-5; the 2025 SBP circular calls it Tier-4. Detailed criteria below are dated reference terms. Confirm the current rules with PMYP and the financing bank.
یہ قابلِ واپسی قرض ہے۔ مفت لیپ ٹاپ تقسیم کرنے کی اسکیم الگ ہے۔ منظوری اور موجودہ شرائط متعلقہ بینک سے تصدیق کریں۔
Who is this relevant to?
Student criteria in the SBP circular issued in 2025:
- Pakistani citizens aged 18–30.
- Students at HEC-recognised educational institutions.
- A participating university–bank arrangement and institutional referral are part of that framework.
- Freelancers and young entrepreneurs have separate productive-use and repayment assessments.
Class 9–12 enrolment alone does not establish eligibility. This page is not confirmation that every student can apply.
Laptop loan amounts & repayment
Earlier SBP terms, shown for reference rather than as a new 2026 bank offer.
| Laptop category | Published ceiling |
|---|---|
| Basic | Rs 150,000 |
| Medium | Rs 300,000 |
| Advanced | Rs 450,000 |
The earlier framework specifies actual-cost limits, up to four years, an 80:20 debt/equity ratio and zero markup. It also includes a family-member guarantee and an institutional undertaking holding the degree until settlement.
Ask the bank how the category ceiling, applicant contribution, charges and security requirements apply to your case. SBP reference ↗
How to proceed
- Open the official portalStart at PMYP / Digital Youth Hub and look for the relevant laptop financing facility.
- Confirm the current intakeCheck availability, eligible applicants and the participating bank or university process. A published scheme does not guarantee an open intake.
- Review the bank’s requirementsConfirm required documents, contribution, repayment schedule, charges and guarantees before applying.
- Submit through the official routeUse the portal’s current instructions. Keep your application reference and follow up with the bank.
No verified closing date or current intake status is claimed in this guide.
PM Laptop Loan FAQs
Is this a free laptop scheme?
No. This guide covers repayable financing. Free laptop distribution programmes have their own rules and application routes.
Will every applicant receive Rs 450,000?
No. It is an announced maximum, not a guaranteed payment. Eligibility, device cost and bank approval matter.
Can PunjabTest approve or submit my application?
No. PunjabTest provides an independent information guide. Applications and decisions belong to the official programme and banks.