Student loan in nepal

Nepal Bank Limited and other Nepali banks offers you a loan upto 5 Lakhs with your +2 Certificate/High School.
See you are eligible or not

• Loan shall be provided as joint borrower to the student and the collateral owner.

• *Student shall complete +2, obtaining atleast 50% marks.

• *Borrower(Guardians) must have regular and stable source of income.

• *Student/Borrower must be Nepalese citizen.

• *The collateral must be accessible by at least eight feet wide road.

• *Borrower (Guardians) must have experience of at least 3 years.

• *Student/Borrower must be 18 years of age and should not exceed 60 at the time of maturity of loan.

• *The retirement age must be more than the tenure of the loan.

Procedure to get education loan.

1. In reviewing loan applications, banks will usually take into consideration the applicant’s character, capacity to repay the loan and ability to comply with the bank’s conditions. To help them evaluate your application, they might ask you to present some form of identification or evidence that you are currently enrolled in an educational institution.

2. For banks to know how much you will need to borrow, they will need a computation of your tuition fees, accomodation fees if there’s any, school materials etc. Banks may also ask you to provide information about your income/parent’s income.

3. Search online for banks that have student loan schemes or offers personal loans for education in Nepal.

4. Check if you can start your application online. Some banks will ask applicants to complete a preliminary application online. After reviewing the application, a bank representative will contact the applicant to tell them where can they submit their application and what documents will they need to produce.

5. Some banks have the ‘Application for a Loan Form’ available on their website, read the form carefully as you fill in the required details and bring it with you when apply for a loan at the bank’s branch along with all other required documents.

The documents require to apply

2 Passport size photo of each applicant and one passport size photo of guarantor

Photocopy of citizenship certificate of applicant and guarantor

Photocopy of all academic record above SLC level (transcript and character certificate

Photocopy of passport with visa

Admission confirmation letter incorporating admission fee, tution fee, accomodation and other.