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 | 10.00% |
| Service Charges | 1.00% for authorized dealer |
| Late Fees | 0.10% Per Day |
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
- 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 Savings 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 savings account
- Need to sign by a Business Owner of respective training – School / college / university as guarantor