Saral Banking Sewa

Shine Resunga Development Bank Education Loan

Get Education loan of up to Rs.5,000,000.00 at attractive rates starting at 11.57% p.a. with flexible tenures of up to 10 years. The processing fee varies between 1% and 2% of the loan amount.

Shine Resunga Development Bank Loan Details

+ up to 5%
Up to 2% One time fee
Up to Rs.5,000,000.00
Up to 10 Years

Shine Resunga Development Bank Loan Details

+ up to 5%
Up to 2% One time fee
Up to Rs.5,000,000.00
Up to 10 Years

Shine Resunga Development Bank provides education loan to support financing the education and accommodation cost of study within Nepal or abroad.

Eligibility Criteria

  • Individual Nepali Citizen
  • Age between 18 years to 70 years
  • Individuals with regular source of Income
  • Loan shall be in the name of Parents justifying the source of Income of Parents.

Documents

  • Application form from applicants/ co –applicants along with photo.
  • Copy of citizenship certificate of applicant/co-applicant/guarantor
  • All academic certificates of the children of the borrower who is pursing higher education.
  • Net worth statement of applicant/co-applicant/ personal guarantor

  • Details of costs with supporting pro forma invoice/letter from college/university and supporting bills for accommodation cost to be incurred by the student during course of study.
  • Documents related to other income such as salary certificate, rental agreements papers, pension book etc. of the applicant and co-applicant.
  • Property related documents such as land/buildings/apartments ownership certificates, property deed, four boundary certification of property, land revenue receipt, blue print of the land, approved structure of building, construction completed certificate etc.
  • If income from business is used to repay the loan, business related documents such as, registration certificate, article of association, memorandum of association, tax clearance certificate, PAN certificate, latest audited financial statement and projected financial statements of the firm.
  • Any other documents to justify the loan that may be decided by the management from time to time or as may be required by regulatory requirement.

  • Legal Mortgage on Freehold Property (Land and Building) owned by borrower, spouse of the borrower and/or non-separated family member valued by valuator of Bank.

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.