Get Education loan of up to Rs.5,000,000.00 at attractive rates starting at 10.68% p.a. with flexible tenures of up to 5 years.
Prime Commercial Bank offers Prime Scholar Loan for future scholars. Prime Commercial Banks tends to provide this loan for students to achieve higher degree from the country & abroad.
Features
• Very low and competitive interest rate.
• Quick processing and prompt approval
• Interest charged quarterly until grace period & repay on EMI thereafter
• Repayment can begin after graduation
• 5 years to repay the loan after the final disbursement
Expenses that can be included on Loan
• Fee payable to College/University as Tuition fees, Examination fees, Library, Laboratory fee, Residence fee and other related fees
• Purchase of Books/equipment/computers and other stuffs
• Any re-fundable deposits
• Traveling Expenses related to education purpose only
• Any other expense required to complete the course –like study tours, project work, thesis etc.
• Personal Guarantee from either parents or local guardian
• Collateral that covers the value of loan by 130 percentage
• Collateral/Security can be land, building, Securities & bonds, Gold, Fixed Deposit receipt in the name of student or parent
• Education related expenses incurred prior to approval of loan can be reimbursed if it is claimed within 1-month period after loan disbursement.
• Student who applied second time for next education loan can enjoy special facility from bank.
• Loan application on Bank's format.
• Passport size photograph
• Proof of Address (Permanent) / ID Proof.
• Proof of Age.
• Proof of having secured pass marks in last qualifying examination.
• Letter of admission in professional, technical or vocational courses.
• Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned.
• Details of Assets & Liabilities of parents.
• Details of proposed collateral securities
Saral Banking Sewa is solely a loan comparison site of Nepal. We just help you to find a perfect loan . For that our customer care team is always ready to guide you with banking process. We donot guarantee any kind of loan to a customer. And the loan shown here can be change any time.
