NBL Education Loan Nepal: Fund Higher Education Abroad & Locally
28th May 2025, Kathmandu
Nepal Bank Limited (NBL) has introduced a new education loan called the NBL Education Loan. This loan aims to help students who wish to pursue higher education either inside Nepal or abroad. The loan addresses financial challenges faced by families in supporting their children’s academic goals.
NBL Education Loan Nepal
Supporting Education Dreams
Every parent dreams of sending their child to a reputable university or college. However, the high cost of higher education often becomes a barrier. Nepal Bank has designed this loan to bridge the financial gap. It provides necessary funds to cover tuition fees, living expenses, and other educational costs.
Loan Details And Tenure
The NBL Education Loan offers flexible repayment terms. Borrowers can take up to 10 years to repay the loan. This period does not include the moratorium, which allows students to focus on their studies without immediate repayment pressure. The moratorium period varies depending on the loan agreement and course duration.
Who Can Apply? Eligibility Criteria
Nepal Bank has set clear eligibility rules to ensure the loan reaches deserving candidates. Both the borrower and guarantors must hold Nepali citizenship. This requirement guarantees that the loan benefits local students.
Applicants must have completed their intermediate or equivalent education with a minimum score of 50 percent or a GPA of 2.5. This academic criterion ensures that students who receive the loan have the potential to succeed in higher education.
Furthermore, applicants must have a stable and regular income source. This condition applies to both the borrower and the guarantors. The bank needs assurance that loan installments and interest payments will be made on time.
Required Documentation
To process the loan application, Nepal Bank requires several documents from applicants. These papers fall into three main categories: identification, collateral, and income proof.
Identification Documents
Applicants need to submit personal identification papers. This includes citizenship certificates for both the borrower and the guarantors. Additionally, recent photographs of both parties are mandatory.
Applicants must provide a family relationship certificate issued by the local government authority. For those with business income, documents like firm registration certificates, PAN/VAT certificates, and partnership deeds are required.
Collateral Documents
Collateral acts as security for the loan. Nepal Bank requires proof of land ownership, such as land ownership certificates and land revenue receipts. Legal documents related to property division, such as Rajinama or Bakaspatra papers, must also be presented.
Applicants need to provide ward and file maps of the collateral property. Details about the property’s four boundaries, known as Charkilla, are mandatory. Furthermore, applicants must submit approved house or building maps issued by the local authority.
Construction completion papers or property registration documents (Nirman Sampanna or Abhilekhikaran) are essential. These documents confirm the legal and structural validity of the collateral.
Income Documents
Proof of income is critical to evaluate the borrower’s repayment capacity. Salaried applicants must submit salary certificates and recent bank statements. An appointment letter or contract paper is also necessary.
For those earning rental income, a valid rental agreement with tenant identification is required. Additionally, rental tax receipts must be submitted.
Pensioners must provide pension certificates, also called Pension Patta. Business owners should submit audited financial statements from the previous year and projected income reports for the coming year. Tax clearance certificates or receipts confirm the legality of income sources.
Applicants earning income abroad must submit passports, visas, salary certificates, employment contracts, and bank statements showing salary deposits. Remittance documents proving money transferred to Nepal are also necessary.
Finally, applicants seeking loans above Rs. 50 lakh must submit their PAN (Permanent Account Number) certificate.
Benefits Of The NBL Education Loan
The loan scheme offers several advantages. It makes higher education accessible to more students by providing affordable financing. Families no longer need to worry about the immediate financial burden of tuition fees and related expenses.
The extended repayment period gives borrowers ample time to stabilize their careers and income before completing loan payments. The moratorium period allows students to focus on their studies without repayment stress.
Additionally, the loan applies to both domestic and foreign education, offering students wide choices to pursue their preferred programs worldwide.
How To Apply?
Students interested in the NBL Education Loan can visit the nearest Nepal Bank Limited branch. Bank officials will guide them through the application process and document submission. It is essential to provide complete and accurate information to avoid delays.
Applicants should also prepare all required documents in advance. This preparation helps speed up the approval process.
Conclusion
Nepal Bank Limited’s NBL Education Loan marks an important step towards supporting education in Nepal. By easing financial constraints, it empowers students to pursue higher studies at top institutions domestically and internationally.
The loan program combines flexibility with clear eligibility criteria and thorough documentation requirements. This approach ensures responsible lending while helping deserving students fulfill their academic ambitions.
Nepal Bank’s initiative reflects its commitment to the country’s educational development and to building a skilled workforce for the future.
For more: NBL Education Loan Nepal
