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Bank Loans

An education loan is a form of financial support from any bank or financial institution to be used for a student’s higher education. Availability of an education loan at the appropriate time help millions of students to achieve their dreams.


Student loans in Nepal

Several overseas institutions have agreements with various banks and loans to fund studies of prospective students. Depending on the circumstances and requirements, a student can get loans from Rs.7.5 lakh to Rs.15 lakh*.


Before granting the loan, banks analyse the viability of the borrower based on their assessment of the student, family's assets and annual income, the nature of the course and reputation of the institution etc. For loans upto 4 Lacs, most banks do not required security or any collateral and the interest rate will not exceed the Prime Lending Rates (PLR). For loans above Rs. 4 Lacs ,the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank. Some banks offer lower rates to female students or those from specified institutions. Security to the loan depends on the amount. Security is some form of investment (i.e bank deposits, house property etc) that are surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 Lacs*. Some banks may ask for a third party guarantee (guarantor) for higher loan amounts instead of a Security.


*The information is true at the time of publishing. The interest rates or bank rules might change anytime.



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