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).
Minimum loan limit under MBL Education Loan is NPR 200K and maximum limit is NPR 6,000K. Maximum tenure under MBL Education Loan shall be 12 years including maximum moratorium period (grace period) of 5 years or completion of course of study whichever occurs earlier.
Competitive Interest rate.
Quick Turnover Time: Approval within 7 days of submission of all required documents.
Flexible Tenure: Maximum 12 years, including maximum 5 years moratorium period.
Financing Percentage: Loan limit can be approved upto 70% of Fair Market Value of real estate collateral or 80% 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; Maximum NPR. 6,000,000 or total expenses whichever is lower.
Loan processing fee: 0.75% of the loan amount.
Pre-payment charge: Pre-payment can be made with nominal charge @ 1%, however pre-payment charge @ 3% will be levied in case of SWAP.