CIVIL BANK

Education Loan

Purpose:
 To students or sponser for the student to enroll higher study abroad or within Nepal.

Basic Eligibility Criteria:
  • Student should be Nepali.
  • Student's qualification should be least SLC/SEE level
  • Student's age should be between the age of 16 years to 30 years for undergraduate level and should not be more than 45 years for post graduate level.
  • Guardian's/Co-applicant must have steady and reliable source of income to pay the interest during grace period and loan installments.
  • EMI should not be more than 50% of income of borrower along with the other family members..
Features:

Loan Limit: Maximum NPR 5.0 mil.

Repayment : Maximum upto 10 years (Including grace period maximum upto 3 years) on EMI Basis.

Insurance: Comprehensive policy as per banks' clause.

Rates & Fees:

Interest Rate: Competitive rate and charges.

Documentation

Collateral/Security:

  • Mortgage of property
  • Personal guarantee of person(s) acceptable to the Bank shall be obtained.