Japan is well known for its advanced technology and excellent education system. To support your dream of pursuing higher studies in this happening country, Global IME Bank has prepared an education credit product specially tailored for students who plan to go to Japan for further studies. The said loan has been designed to provide financial support that may be required to pursue your studies so that you do not worry much about the financing part and move ahead with your study goals. Materialize your dream of Japan with an education loan from Global IME Bank, and doors to your future are open in a world brimming with innovations in the educational atmosphere.
How Global IME Bank Supports Higher Education in Japan Through Specialized Loans
Considering the numbers of study applying to Japan for higher studies, Global IME Bank Limited, IME Limited, and the Japanese Language School Association of Nepal (JALSAN) have all signed a three-way memorandum of understanding (MoU) to arrange educational loans for Nepali students interested in carrying out further studies in Japan. According to the MoU, Global IME Bank will provide the necessary educational loan service to the students who have been recommended by JALSAN for more studies at various universities in Japan. It is expected that the student would avail these loans for financial requirements when he or she goes abroad for higher studies. Under these provisions, students, along with parents, on the recommendation of JALSAN, apply for a loan with any specified branch along with necessary documents.
IME Limited will coordinate with such banks and financial institutions to make the payment for the college, visa fees, and other expenses required. IME Limited will facilitate students in remitting money from Japan to Nepal after their move to subscribe to studies.
Features of the Education Loan
- Competitive Premium Rate: Get our low cost financing options.
- Flexible Repayment Schedule: Choice monthly (EMI) or every quarter (EQI).
- Fast Approval Process: Quick approval to facilitate your preparations.
- Available Nationwide: This education loan can be accessed from any of our branches.
- Up to 80% Financing: Up to 80% of the costs of education inclusive of tuition and accommodation.
Eligibility Criteria
- Age: Nepalese citizens aged between 18-70 years at maturity period of the loan.
- Employment Status: It applies to salaried individuals and self-employed people who earn enough money as their income.
- Joint Borrowers: Primary borrowers are parents whereas students bE-COMe joint borrowers too.
- Educational Pursuit: Students studying overseas or in Nepal for studies above +2 levels can apply for this funding scheme.
- Income Requirements: EMI/EQI should not exceed 50% of gross income or 80% of uncommitted income.
Security Requirements
- Mortgage: A registered mortgage secured by real estate.
- Guarantee: Personal guarantee from a relative or other credible third party.
- Insurance: The building has full insurance coverage.
- Security Coverage: Up to 80% of FAC on FMV may be borrowed.
Evidence of Income and Necessary Paper for Education Loan
Income documentation options include self-reported income, contract agreements, rent agreements, audited financial statements, and salary certificates.
Application for loan, account information, family history, passport photos, citizenship certificates, school records, copies of passport and visa, letters of admission, certificates of land ownership, construction blueprints, boundary disclosures, land revenue receipts, salary certificates, tax/PAN/VAT certificates, transfer deeds, coheir letters, and numerous banking declarations are required.
Global IME Bank is committed to supporting your educational goals in Japan. Our tailored education loans provide the financial backing you need to succeed. Visit your nearest branch to learn more and apply today!
Related : Study in USA with Education loan from Global IME Bank.
