Education is one of the most valuable investments for any student, but with rising tuition fees and college fees, many parents feel a burden to bear such huge amounts of money. That’s where education loans for students in Nepal make a big difference to students who plan their studies abroad.
Today, several government and private banks in Nepal provide flexible student loan options for both domestic and international studies. Many even offer partial or full financing for a study program abroad.
In this blog, we will discuss how students can explore education loans in Nepal, making it easier to get a dream degree in hand. At Saral Banking Sewa, we simplify financial information for you — helping students compare the best education loans in Nepal, understand eligibility, and apply with confidence.
An education loan (also called a student loan) is a financial product designed to help students pay for their higher education costs, such as tuition, living expenses, and supplies, for both domestic and international studies.
Nepali students can apply for an education loan in Nepal to pursue their degrees at recognized universities such as Tribhuvan University, Kathmandu University, or other accredited colleges. Similarly, those aiming to study abroad in countries like the USA, Canada, UK, Australia, or Japan can apply for a study-abroad education loan that covers additional costs such as visa processing, flight tickets, and living expenses.
Most banks in Nepal provide flexible repayment options, often allowing repayment to begin after course completion, so students can focus fully on their studies first.
The type of education loan depends on the study destination, collateral requirements, and the lending institutions in Nepal.
There are mainly two types of education loans for students offered by banks in Nepal:
This type of student loan is designed for those pursuing higher education within Nepal. It helps cover university or college tuition, hostel fees, and other related academic expenses.
Common fields include MBBS, engineering, management, IT, and technical courses at recognized institutions like Tribhuvan University, Kathmandu University, Pokhara University, or other affiliated colleges.
Loan amounts and repayment terms depend on the program’s duration and the applicant’s financial background.
Students planning to study in countries such as the USA, Canada, Australia, Japan, or the UK can apply for a study-abroad education loan. These loans usually cover tuition fees, visa charges, travel, and living expenses during the study period.
Some banks in Nepal also offer education loans without collateral under merit-based or government-supported schemes, especially for academically strong students or those pursuing priority fields of study.
Before applying for an education loan in Nepal, students need to meet certain criteria and prepare the necessary documents. Meeting these conditions increases your approval chances and helps speed up the loan process.
When applying for a student loan in Nepal, prepare the following documents:
Saral Banking Sewa Tip: Always review your eligibility and documentation checklist before applying. You can also compare education loan requirements across multiple Nepali banks on Saral Banking Sewa to save time and improve your approval chances.
Applying for an education loan in Nepal is simple if you follow the right process and prepare all the required documents in advance. Here’s a step-by-step guide from Saral Banking Sewa to help you get started.
Start by comparing interest rates, repayment periods, and collateral requirements across different banks.
Visit Saral Banking Sewa to compare student loans from leading Nepali banks and find the one that best suits your study plan and budget.
Review each bank’s eligibility criteria carefully. If you do not have property to pledge, look for education loan options without collateral, available under certain schemes or based on academic merit.
Complete the student loan application form with accurate personal, academic, and financial details. Attach all necessary documents, including your offer letter and the income proof of the co-applicant.
After you submit your application, the bank will verify your documents and evaluate your repayment capacity. In most cases, this includes checking your co-applicant’s income source or collateral valuation.
Once the loan is approved, the bank disburses the amount directly to your educational institution or to your account as per the loan agreement.
Some banks in Nepal now allow students to apply for education loans online, making the process quicker and paperless.
Saral Banking Sewa Tip: Use Saral Banking Sewa to apply for student loans online in Nepal and access verified information about interest rates, eligibility, and processing timelines, all in one place.
Several commercial and development banks in Nepal provide education loans for students pursuing higher studies in Nepal or abroad. Before selecting a bank, always compare interest rates, repayment periods, and collateral requirements to find the right match for your financial plan.
Here’s a quick overview of the best banks offering education loans in Nepal:
| Bank Name | Interest Rate (Approx.) | Key Features |
| Nabil Bank | 8.58% – 10.58% | Offers education loans for both Nepalese and international studies. |
| Global IME Bank | 7.4% – 9.4% | Known for flexible repayment options. |
| NIC Asia Bank | 7.76% – 9.76% | Provides quick processing and competitive rates. |
| Siddhartha Bank | 5.92% – 9.17% | Includes options for education loans without collateral. |
| Nepal Investment Mega Bank | 8.19% – 10.19% | Ideal for college loans and study loans. |
| Rastriya Banijya Bank | 5.64% – 6.64% | Government-supported programs for studying abroad. |
These banks offer loans ranging from NPR 5 lakh to NPR 1 crore, depending on your course and financial background.
Finding the best education loan in Nepal requires more than just comparing interest rates. Here are a few practical tips to help students and parents make smarter financial decisions.
Different banks offer varying education loan interest rates and repayment terms. A slightly lower interest rate can make a big difference over several years of repayment.
Use Saral Banking Sewa to check and compare updated rates across leading banks in Nepal.
Before you apply, calculate the total cost, including processing fees, service charges, and prepayment penalties. A loan with a lower headline interest rate may still be more expensive overall if additional fees are high.
If you do not have property or fixed assets to pledge, look for education loans without collateral. Some banks and government schemes provide merit-based or partially secured student loans.
Understand when repayment begins—some banks allow repayment to start after course completion or once you start working. Flexible repayment helps reduce financial stress during studies.
Government-backed banks such as Rastriya Banijya Bank or Nepal Bank Limited may have subsidized interest rates for priority education sectors. Always ask your bank if such schemes apply to your course.
An education loan for students in Nepal can be a gateway to achieving your academic dreams. Whether studying in Nepal or abroad, choosing the right student loan with an affordable interest rate and repayment can help in get your degree in hand.
At Saral Banking Sewa, we make this process easier by helping you compare, apply, and understand education loans across Nepali banks. Explore the latest options today and take your next step toward a successful academic future!
Some banks in Nepal allow student loans without a cosigner, but most require a parent or guardian as a co-applicant.
Yes, many banks let you apply for a student loan online through their official websites. But the effective and faster processing always applies through Saral Banking Sewa partner banks.
Bank education loan Interest rates vary month to month , but government and large commercial banks usually offer better terms. You can find comparisons on SaralBankingSewa.com.
Usually 5 to 15 years, depending on your loan amount and study duration.
Yes, different banks such as Nabil, NIC Asia, Global IME, and Siddhartha Bank provide student loans in Nepal.
