How much student loan can I get in Nepal?
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How much student loan can I get in Nepal?
Minimum loan amount – NPR 150,000/- (Nepalese rupees one hundred fifty thousand only). Maximum loan amount – NPR 10,000,000/- (Nepalese rupees ten million only). Maximum of 90\% of institute/hostel expenses. In case of MBBS/MD courses in Nepal loan amount is allowed up to 100\% of the total tuition fees only.
What is the maximum amount of education loan?
In general, you can get up to 4 lakhs of educational loan for higher studies without any collateral. Under education loan scheme, you can get a maximum of 15 lakhs for studies in India and more 25 lakhs for abroad studies.
How much education loan can I get from bank?
Varied loan amounts: Banks can offer loans anywhere between Rs. 2 lakhs and Rs. 22 lakhs for studying in India. Of course, the size of the loan depends on the course applied for.
Can I get education loan in Nepal?
Nepal Investment Bank provides education loans to finance students who are willing to pursue higher education in Nepal and abroad. Tenure – Maximum up-to 10 years. Loan shall be terminated on /or before 60 years of age of the borrower. Repayment – Equal Monthly Installments (EMI).
Which bank in Nepal is best for education loan?
Education Loan
| Bank/FI | Name | Interest Rate |
|---|---|---|
| Nepal SBI Nepal SBI Bank | Education Loan | 8.11\% – 13.11\% |
| NCC Bank NCC Bank | Education Loan | 8.12\% – 15.12\% |
| Civil Bank Civil Bank | Education Loan | 8.26\% – 13.26\% |
| Prime Bank Prime Commercial Bank | Education Loan | 8.27\% – 15.26\% |
Which bank is good for student in Nepal?
Sanima Bank Limited Sanima Education Loan is a best financial solution for the students aspiring to pursue higher education in Nepal or abroad.
Can I get 40 lakhs education loan?
Overview : Axis Bank Education Loan Online Established in 1994 as UTI Bank, Axis bank provides education loans to students who want to study in India or abroad. The quantum of education loan ranges from Rs. 50,000 to Rs. 40 lakhs.
How long do I have to pay my education loan?
How Long Is The Education Loan Repayment Period Granted by Government Banks? Almost all government banks grant an education loan repayment period of 12 years to 15 years from the end of your moratorium period.
What type of loan is education loan?
Education loans are unsecured loans that can be used to cover expenses related to education, such as tuition fees, books, living expenses and other such expenses as transportation costs, etc.