Education Loan PDF Print E-mail

Purpose
Ø        Admission Fees/Monthly Tuition Fees & Examination Fees.
Ø        Boarding and Loading Expenses if a student studies in other country.       

Eligibility
Ø        A Nepalese Citizen between 16 to 40 years.
Ø        A student should be at least 2nd division passed in his exam.
Ø        For Graduation, Post Graduation and Specialization.
Ø        Parents/Guardians should have permanent source of income. 

Loan Amount Limit
Ø        Maximum 7 lakhs for the student studying in Nepal.
Ø        Maximum 10 lakhs for the student studying within SAARC countries.
Ø        Maximum 15 lakhs for the student studying in abroad. 

Interest Rates & Other Fees
Ø        Published Interest Rate is applicable.
Ø        Processing fee is Rs. 1,000/- .
Ø        Loan Service Charge is 2% of sanctioned amount or minimum Rs. 2,000/-. 

Repayment & Repayment Period
Ø        It is based on Equal Monthly Installment (EMI) after the grace period of 2 years.
Ø        Maximum loan period 5 years after grace period.