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Old January 20th, 2018, 09:41 AM
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Default Standard Chartered Bank Education Loan

Hii sir, I Wants to get the Information About the Education Loan of the Standard Charted Bank ?
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  #2  
Old January 20th, 2018, 09:41 AM
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Join Date: Mar 2012
Default Re: Standard Chartered Bank Education Loan

Education loan is designed to help you fund your child’s higher education. Our dedicated team will help to plan your financial needs and provide solution for your child’s higher education in- country and abroad.

Features

Attractive & competitive interest rate.
Moratorium period up to maximum of 3 years or course duration whichever is earlier
Loan amount minimum NPR 1 million maximum up to NPR 10 million
Additional loan of NPR 0.5 Mio to cover miscellaneous expenses (conditions apply).
Loan tenure minimum 1 year and maximum up to 10 years
Repayable on EMI basis after moratorium period.

Eligibility

Loan will be provided in the name parents.
Maximum age 62 years (or retirement age whichever is earlier) at loan maturity.
Reliable income source of parents for the repayment of EMI
Eligible courses are: Undergraduate/Bachelors, Graduate/Masters & above, Professional Courses
Course can be in Nepal or abroad

Required Document :

Recent Passport size Photograph of parent and student
Copy of Citizenship –parent and student
Relationship Certificate
Marriage Certificate (where applicable)
Offer/Acceptance Letter from College/University
Copies of letter conferring scholarship, if any.
Schedule of expenses for the course from College/University if not included in the Offer/Acceptance Letter.
“No Objection Letter” from Ministry of Education [required in case of abroad study and at the time of remittance]
Copy of Land ownership document (Lal Purja).
Copy of Transfer deed (Rajinama).
Blue Print of Land and building completion certificate from Municipality/VDC
Char Killa (four boundary).
Land revenue Tax Receipt (malpot receipt).
Income certifying document (Salary letter, Audited balance sheet, rental agreement etc.).
Firm / company registration and PAN in case of income from business source.

For more Information you may Contact to the Nearest branch of the Standard Charted Bank
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