17th October 2024, Kathmandu
In today’s highly competitive world, quality education is the key to a brighter future. However, the financial burden can often stand in the way of achieving academic goals.
Nabil Education Loan 2024
Nabil Bank understands the importance of education and offers the Nabil Education Loan to help students and families secure the necessary funds for educational pursuits, without financial constraints.
This education loan provides a range of features and flexible terms designed to support your journey to academic excellence. Whether it’s for covering tuition fees, consultancy services, travel, or other associated expenses, Nabil Bank ensures that your dreams are within reach.
Key Features of Nabil Education Loan:
Loan Amount: Up to NPR 10 million, making it easier to fund a comprehensive range of education-related expenses.
Flexible Repayment: Repayment terms extend up to 20 years, offering financial flexibility for borrowers.
Attractive Interest Rates: Competitive rates to make loan repayment manageable.
Moratorium Period: Borrowers can benefit from a moratorium period of up to 4 years or the duration of the course, whichever comes first.
Personal Counseling: Nabil Bank provides personalized guidance throughout the loan process, ensuring a smooth experience.
Simplified Documentation: Quick and hassle-free loan processing with minimal paperwork.
Quick Approvals: Transparent and swift loan approval, with funds disbursed according to the institution’s fee structure.
Extensive Branch Network: Loan processing is available at a wide range of Nabil Bank branches across Nepal.
Eligibility for Nabil Education Loan:
Age Requirement: Applicants must be at least 18 years old when the loan begins and no older than 70 years at loan maturity.
Collateral Conditions: The property used as collateral must have a motorable road access of at least 8 feet, with larger plots requiring wider access. Special conditions apply for loans related to studying in Australia or New Zealand.
Income Verification: Monthly loan repayments should not exceed 50% of the borrower’s gross income after considering other loan obligations. The income must be justified by bank statements and supported by necessary documentation.
Loan Fees & Charges:
Loan Administration Fee: 0.75% of the loan amount.
Commitment Fee: 0.15% on the unutilized loan limit.
Prepayment Fee: This varies depending on how long the loan has been active, with charges ranging from 0.15% to 0.75% of the prepaid amount.
CIC Charge: Charged on an actual basis.
Other Charges: As per Nepal Rastra Bank directives.
Required Documents for Loan Application:
Collateral Documents: Land ownership certificate, building tax clearance, and house blueprints, among others.
Identity Documents: Citizenship and/or passport, along with relationship certificates and photographs.
Income Documents: Salary certificates, business income proof, pension documents, and rental agreements if applicable. For foreign employment income, valid passports, visas, and payslips are required.
Why Choose Nabil Education Loan?
Nabil Bank offers comprehensive loan coverage for a wide array of education-related expenses, including tuition fees, airfare, boarding, telegraphic transfers, and even foreign currency exchange. The loan is designed with the borrower’s convenience in mind, offering flexible repayment plans, competitive interest rates, and minimal hassle during the documentation process.
Whether you’re planning to study at a local institution or abroad, Nabil Education Loan is tailored to help you meet your educational goals without being hindered by financial stress.
Get Started Today!
Fuel your ambitions for a brighter tomorrow with the Nabil Education Loan. To learn more, visit the Nabil Bank Education Loan page or contact the Nabil Bank Customer Care Centre at 01-5970015. Alternatively, you can email the team at customercare@nabilbank.com for further assistance.
For more: Nabil Education Loan 2024