EDUCATION LOANS

Loans for students or employees who want to study for Certificate, Diploma, Bachelor & Master Degree
Loan period – minimum 1 year (2 years for the large amount of fees)

Fees & Charges

Interest Rate  12%
Service Charges  1% for authorized dealer

Down Payment

  • Minimum: 30% down payment & monthly principal payment

Required Documents

  • If an applicant (Authorized dealer) is company
    • Company Registration Card and Export/Import Registration Certificate
    • MOA & AOA
    • BOD Resolution
    • Form 6, Form 26, Form E
    • Profit & Loss, Bank Statement (Two closet financial years)
    • Tax Slips (for two closet financial years)
    • Household registration & NRC
    • Type of class, period of class and fees from respective training school/ College / University
    • Photos of respective training school/ College / University and Class room and office
    • Need to open a Current Deposit Account or Saving Deposit Account
    • A representative from respective training school / college / university need to sign as guarantor.
  • If an applicant (Authorized dealer) is individual
    • Valid Business License
    • Profit & Loss statement / Bank Statement (for two closet financial years)
    • Tax Slip (for two closet financial years)
    • Household registration & NRC
    • Type of class, period of class and fees from respective training school/ College / University
    • Photos of respective training school/ College / University and Class room and office
    • Need to open a current deposit account or saving account
    • Need to sign by a Business Owner of respective training school / college / university as guarantor