MBL Education Loan
MBL Education Loan is a secured loan facility to our valued individual customers to meet financial need to pursuit of higher education within the country or abroad.
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Overview
MBL Education Loan is a secured financing solution for individual customers to support higher education, both within Nepal and abroad. The loan covers educational expenses, including admission and tuition fees, health insurance, travel, library and study materials, accommodation, and other related costs, providing students with a comprehensive funding solution.
Key Features
1
Loan Limit: Minimum NPR 200,000; Maximum NPR 10,000,000
2
Purpose: Financing of tuition fees, living expenses, insurance, travel, and other educational costs
Eligibility
• Nepalese citizens (individuals only)
• Applicants pursuing higher education in Nepal or abroad
• Must meet the standard credit and income assessment criteria of MBL
Financing Percentage:
• Against Education Expenses Only: Up to 100% of total education-related costs, including tuition fees, living expenses, travel, health insurance, and other related expenses.
• Against Cash or Fixed Deposit: Up to 90% of the deposit amount used as collateral.
• Against Real Estate Collateral: Up to 80% of the fair market value of the property pledged.
Tenure
• Up to 25 years, including a maximum moratorium (grace) period of 5 years or completion of the course, whichever is earlier
Interest Rate:
• Competitive rate as per prevailing MBL terms
Documentation
Loan application form
Citizenship certificate and recent photographs of applicant(s)
Proof of admission/enrollment and educational expenses
Income verification documents or collateral documents (if applicable)
Other supporting documents as required by MBL