Education Loan

Education Loan is extended to students or sponsor of the student to enroll for higher study abroad or within Nepal.

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Along with the Education Loan application you will have to provide certain documents to allow us to process your loan at the earliest. Here is the list of documents required for processing Education Loan.

1. Identification Documentation
   • Photograph and copy of citizenship of the applicant/sponsor/guarantor.
   • Net worth statement of applicant/guarantor/sponsor.
   • Map of the applicants’/sponsor’s/guarantor’s residence.
   • Copy of title deed of other property owned by borrower and his/her one house family members/ guarantors as declared in net-worth statement.
   • Copy of Individual PAN certificate (where applicable)
2. Income related documents
   • For salaried individuals
     • Salary certificate from the employed organization/company (not older than 3 months).
     • Latest two salary slips (if any).
     • Bank Statement, as applicable.
   • For self-employed professionals
     • Certificate of registered professional.
     • Detail of income source/ profession.
     • Proof of last 3 years of continuous practice (if any).
     • Bank Statement, as applicable.
   • For business person
     • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
     • Bank Statement, as applicable.
     • Certificate of Incorporation (in case of organization)
     • Valid Firm/Company registration certificate.
     • MOA/AOA, Share Lagat, partnership deed (as applicable)
     • Recent tax paid receipt.
   • For other sources
     • Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
     • Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
     • Pension slip, interest received statement etc.
     • Bank Statement, as applicable.
     • Other verifiable income.
   • Collateral related documents
     • Land ownership certificate
     • Blue print / trace map
     • Four wall boundary
     • Building construction permission certificate from competent authority, construction completion certificate ( as applicable )
     • Collateral transfer deed (for recently purchased property)
     • latest revenue receipt of land or land or/and building offered as collateral

• Financing Amount:  upto 70% of the Fair Market Value of the collateral security as valued by the Bank’s approved value.
• Financing ratio:
  •  Up to 100 percent of the cost of education including traveling cost (for abroad) and accommodation (for abroad).
  •  Up to 100 percent of the cost of tuition fee for study within Nepal
• Tenure: Maximum up to 15 years.
• Repayment Method:  EMI.