This Education loan is designed to finance students
with the support of the parents or any other sponsor/s, who aspire to pursue
for higher/technical/professional education. The loan will essentially help
them to finance fees/expenses (to be paid in various forms to the educational
institution) and travel/logistics support.
Major highlights:
Loan Limit | NPR
0.15 Million to NPR 0.50 Million |
Loan
Tenure | The maximum tenure for
settlement of loan shall be 10 years (including one year grace period). |
Repayment | Loan is to be repaid on
Equated Monthly Installment (EMI) basis. |
Eligibility | The age limit of the
student to be 18-35 years and maximum age of the supporting parent to be 70. |
Basic
Document | The applicant should provide at least the
following documents before initiation of the credit proposal.
|
9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth)9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth) More Rates Open Fixed Deposite