Education is the most important investment one makes in life. Therefore, the Bank has brought the Education Loan, which aims to finance meritorious students who choose to pursue a higher education (Professional or technical) in Nepal and abroad. The loan is extended to students/ professionals desiring to pursue higher studies such as Graduation, Post-Graduation, Specialization and Vocational/Technical courses in the country or abroad. Citizens Education loan covers a maximum of 100% of expenses in connection with the studies of the borrower in the country or abroad.
Purpose: | To finance the education cost of the students desiring to pursue higher education in Nepal or Abroad |
Nature: | Terminating loan payable in Equal Monthly Installment |
Loan Size: | Maximum Up to 10.00 Million |
Tenure: | Repayment period maximum 15 years including moratorium period. |
Loan Portion: | Up to 100% of total expenses to be incurred during the course period not exceeding 80% of the Distress Value of the mortgaged collateral security or 100% of rajinama value till claim period of 1 year and 35 days whichever is lower or 2 years and 35 days in case of transfer of ownership by Bakas Patra or 2 months 35 days in case of Anshabanda. |
Eligibility Criteria:
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