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. MBL education loan is provided to finance educational expenses of the students (admission fee, tuition fee, health insurance expenses, travel expenses, library and reading materials expenses, security deposit, accommodation/living expenses and other related expenses).
Product Features/Benefits:
Product Features/Benefits:
- Competitive Interest rate
- Quick Turnover Time: Approval within 7 working days after submission of all required documents.
- Flexible Tenure: Maximum 15 years, including maximum moratorium period of 5 years or completion of course of study, whichever occurs earlier.
- Financing Percentage: Loan limit can be approved up to 80% of Fair Market Value of real estate collateral or 100% of Total Education Expenses (tuition fee, living expenses, overseas health insurance expenses, travelling expenses and other related expenses) during course period, whichever is lower.
- Loan size: Minimum: NPR. 200,000.00; Maximum NPR. 7,000,000.00 Or total expenses, whichever is lower.
Note: Processing fees and charges shall be applicable according to the Standard Tariff of charges
