Global IME Education Loan
!! Global IME 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. !!

Purpose 

• 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, medical insurance expense, donation.

• Competitive premium rate.
• Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
• Fast approval process.
• Prompt services.
• Facility available in all branches.
• Financing up to 80 % of your Education Cost.
• Counseling to help better financing by our RMs throughout the process.

• Individuals-Nepalese citizen above 18 years and up to 70 years at maturity of the facility.
• 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. 
• EMI /EQI– 50% of gross income. 
• EMI /EQI– 80% of uncommitted (disposable) income. 

• Registered mortgage of land and building.
• Personal Guarantee of family member or third party acceptable to the Bank.
• Comprehensive insurance coverage of building.
• Security coverage requirement: Loan can be extended up to 80% of FAC on FMV.

• Salary Certificate.
• Photocopy of contract agreement between applicant and his/her employer.
• Photocopy of Rent Contract if any.
• Photocopy of audited Financial Statements in case Firm /Company’s income is considered.
• Self-declared of income.
• Others if any.

• 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/Rural Municipality (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).
• Multiple banking declaration.
• Other documents stipulated by the Bank from time to time.