- Details
- Features
Product Overview
Education Loan
Students who aim to study higher can apply for NIBL's Education Loan. The service allows Nepalese citizens accepted for enrollment in registered colleges or institutions to apply for a loan to finance their higher education abroad and in Nepal. NIBL offers this service to students intending to pursue under graduation, graduation degree, post-graduation degrees/diplomas, doctorate, engineering, management, information technology, chartered accountancy and finance, pilot training, nursing course etc.
Features
- Loan available for all Nepali citizens
- Loan security through land or building
- Loan tenure up to 10 years
- Facilitates 80% of educational expense financing or NPR 10 million, whichever is lower
- Facilitates loan up to NPR 5 million or as prescribed by NRB in case of personal overdraft
Note: Eligible educational expenses might include fees payable, accommodation charges, exam and library fees, reasonable expenses for books, and periodicals.
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