Planning your Bachelor’s abroad after +2? Before packing bags for Australia, Canada, or the US, there’s something you must figure out: how you’ll fund your expensive study fees.
Many Nepali students found the answer in getting the best education loan in Nepal, one that covers tuition, living costs, and everything in between. Whether you're aiming for a top university or simply need help bridging the financial gap, the right study abroad loan for Nepali students can make all the difference.
So, in this blog post of Saral Banking Sewa, we will help you find the best education loan options available in Nepal, what to prepare, and how to make smart loan decisions that won’t burden you financially.
Studying abroad is a dream until the expenses start adding up. Tuition fees, accommodation, visa processing, flights, insurance... the list goes on. For most Nepali families, managing a huge amount of money at once isn’t something that happens overnight.
That’s where an education loan in Nepal becomes more than just an option: it becomes a practical gateway. Here’s why a study abroad loan makes sense right from the start:
In short, the right study abroad loan for Nepali students ensures your plans don’t stall at the starting line; instead, they launch with confidence.
As of Asad 2082, among 20 commercial banks in Nepal, Rastriya Banijya Bank (RBB) and Global IME Bank are the best ones for education loans with the lowest interest rate of 5.97%. Following them, Everest, Siddhartha, and Citizens Bank have interest rates of 6.35%, 6.35%, and 6.53%, respectively.
Here is a brief comparison table of education loan interest rates across different banks.
| Bank | Interest Rate | Tenure | Processing Fee | |
| Floating | Fixed | |||
| Rastriya Banijya Bank | 5.97% to 6.97% | 9.50% | Up to 5 Years | 0.75% |
| Global IME | 5.97% to 9.47% | 11.99% to 12.99% | Under 5 Years | 0.75% |
| 12.99% to 13.99% | Above 5 Years | |||
| Everest Bank | 6.35% to 8.35% | 11.99% | Up to 7 Years | 0.75% |
| Siddhartha Bank | 6.35% to 9.6% | 10.25% | Under 5 Years | 0.75% |
| 10.75% | Above 5 Years | |||
| Citizens Bank | 6.53% to 9.53% | 10.50% | Under 5 Years | 0.75% |
| 11% | For 6 to 10 Years | |||
| 11.50% | For 11 to 15 Years | |||
| Machhapuchchhre Bank | 7.35% to 9.35% | 10.00% | Under 5 Years | 0.75% |
| 11.00% | For 6 to 10 Years | |||
| 11.50% | For 11 to 15 Years | |||
| ADBL | 8.03% to 9.03% | 10.65% | - | 0.75% |
Not sure which bank suits you best? Click here to compare live loan offers.
While exact requirements can vary slightly from one bank to another, here are the general eligibility criteria for education loans in Nepal, especially if you’re planning to pursue your Bachelor’s abroad after +2:
Once you’ve confirmed your eligibility, the next step is paperwork. Remember, banks do not take this lightly at all, so before going to the bank for an education loan to study abroad, ensure you have all of these documents ready.
Want a checklist of all required documents? Click here.
Not all education loans are created equal. And when you’re planning to study abroad, especially right after +2, the wrong loan can mean higher costs, limited flexibility, or unexpected repayment stress down the line.
So, how do you pick the right one? Don’t worry! Here’s what you should be comparing before signing anything:
Now, you might be thinking that comparing all of these factors of various banks must be time-consuming.
But don’t worry! With Saral Banking Sewa, it's easy as we have brought all of the education loan offers from various banks to one place, so you can compare them with a single click.
Apart from that, you can follow our social media pages to stay updated about the latest market trends, so you always know which loan offers remain the best in the market.
To apply for an education loan, you will need to visit a bank with the necessary documents (like plus 2 transcripts, university offer letter, citizenship certificate, income proof, collateral documents). If available, you can also apply online by visiting the bank’s official website.
In terms of cheaper interest rates, Rastriya Banijya and Global IME Bank are currently offering the best education loans for studying abroad in Nepal.
Currently, banks in Nepal do not offer education loans for studying abroad without collateral. Collateral, usually in the form of land, buildings, or fixed deposits, is mandatory to secure the loan, particularly for studying a bachelor’s degree.
As of Ashad, 2082, Rastriya Banijya Bank (RBB) has the lowest interest rate of 5.97% on student loans.
Yes, many banks now allow students to apply for education loans online through their websites or platforms, such as Saral Banking Sewa. This makes it easier and quicker to start the process, no matter where you're applying from.
Studying abroad is indeed a big step, be it academically, financially, or emotionally. And while the dream begins with your acceptance letter, it’s the funding that often decides how smoothly that dream turns into reality.
Choosing the right education loan in Nepal isn’t just about getting approval; it’s about ensuring long-term affordability, flexibility, and peace of mind.
But you don’t have to figure it all out alone. Whether you’re comparing banks, worried about paperwork, or simply unsure where to begin, we, Saral Banking Sewa, are here to help.
So, Ready to Apply for Your Education Loan?
We, Saral Banking Sewa, help Nepali students compare and apply for the best study abroad loans quickly and transparently.
