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.
0.15 Million to NPR 0.50 Million |
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.|
The applicant should provide at least the following documents before initiation of the credit proposal.