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Global Education Loan [Back]

!! Global Education Loan is provided to suffice financing requirement for students to pursue sound academic career. Our education loan aims to provide financing in such a way that the requirements of the students are met without any hassles. !!


  • To provide education cost of the student to study abroad or within the country in or above +2 in any streams.
  • The education cost includes tuition fee, admission fee, ticket expense, accommodation expense and stationary expenses.

Features and Benefits

  • Competitive Interest rates: 9% to 13% p.a.
  • Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
  • Fast Decision Making: Approving status within 36-48 hours upon completion of all required documents 
  • Quick turnover time: Up to 5 years
  • Financing up to 80 % of your requirements
  • Counseling to help better financing by our RMs throughout the process
  • Loan processing fee: 1.50% of the loan amount
  • Prepayment not allowed before 3 Months of disbursement. 
  • Prepayment charge: 1.00 % of the prepaid amount if payment is made within 1 year from the date of initial disbursement.


  • Individual - Nepalese Citizen above 18 years up to 40 years.
  • Salaried individual/ self employed persons. 
  • Sufficient income source to repay at the satisfaction of the Bank. 
  • The parents of the borrower shall be made as the borrower and student will be made as the joint borrower (where applicable) 
  • Financing for students who are willing to pursue further education abroad or within the country for studying +2 or above 
  • Maximum loan amount up to Rs. 10 million.
  • EMI /EQI– 50% of gross income 
  • EMI /EQI– 80% of uncommitted (disposable) income 
  • Acceptable FAC collateral coverage.
  • Security coverage requirement: 120% of Funded limit at Distress Value of the collateral offered.


  • Registered mortgage of land and building having motorable road access of 10 feet width.
  • Personal Guarantee of family member or third party acceptable to the Bank.
  • Comprehensive insurance coverage of building
  • Security coverage requirement: 120% in Distress value of the offered Fixed Assets Collateral (land and building)

Documents Required

  • Loan application firm duly filled and signed in standard format of the Bank
  • Current account of the applicant / borrower 
  • Name of the family members 
  • 2 Passport size photo of borrower and joint-borrower 
  • Photocopy of citizenship certificate of borrower, joint-borrower & guarantor/security holder 
  • Photocopy of all academic records above SLC level (transcript & character certificates) 
  • Photocopy of passport with visa for studying abroad except India 
  • Photocopy of admission confirmation letter/acceptance letter from the university/college incorporating admission fee, tuition, accommodation and others. 
  • Photocopy of land ownership certificate (Lalpurja) to be placed as collateral 
  • Photocopy of Blue Print of the land (Napi Naksha) 
  • Photocopy of construction completion certificate from Municipality/ VDC (Nirman Sampanna Pramanpatra) and approved drawing of the building in case a building is to be placed as collateral 
  • Photocopy of four Boundary Disclosure (Char Killa ) from ward office of the land and/or building to be placed as collateral 
  • Photocopy of latest land revenue receipt (Malpot Receipt) and tax clearance receipt of the building to be placed as collateral 
  • Salary Certificate/Rental Contract/Financials of business/Other contract agreements if any, of parents 
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate (For self employed) 
  • Photocopy of land/housing Transfer Deed (Rajinama) 
  • Original letter stating coheir (Anshiyar) of the owner of the collateral from local authority (Ward) 
  • Other documents stipulated by the Bank from time to time

Refer to your nearest branches.


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