EDUCATION LOANS
Loans for students or employees who want to study for Certificate, Diploma, Bachelor & Master Degree
Loan period
- minimum 1 year
- If the training period is less than (1)year, only the duration of the training will be allowed.
Fees & Charges
| Interest Rate | 14.00% |
| Documentation Fees | 1.00% |
| Late Fees | 14.00% |
Down Payment
- Minimum: 30% down payment & monthly principal payment
Required Documents
If an applicant (Authorized dealer) is company
- Authorized dealer application specified by the bank
- Company Registration and Extract
- Export/Import Registration Certificate
- 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