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
  • 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