| Criteria |
Parameter |
| NBL Education Loan |
| Interest rate |
13.00 % p.a. up to 5 years; 13.50 % p.a. up to 10 years |
| Loan amount |
Minimum: Rs. 5,00,000 Maximum: Rs. 25,00,000 |
| Loan portion |
Up to 60% of value estimated by valuator acceptable to the bank
Maximum up to 80% of total expenditure in foreign or 100% of tution fee, admission fee and plane ticket. |
| Tenure |
Minimum: 2 years Maximum: 10 years |
| First payment date |
From the end of the subsequent month of initial drawn down. |
| Prepayment charge |
No prepayment fee will be charged if paid after maturity of 1/3 of the loan period. 2% prepayment charge will be levied if prepayment is made within 1/3 of loan period. |
| Documents |
Salaried |
Self employed |
| Identification documents |
|
|
| 2 Passport size photo of each applicant and one passport size photo of guarantor |
Required |
Required |
| Photocopy of citizenship certificate of applicant and guarantor |
Required |
Required |
| Photocopy of all academic record above SLC level (transcript and character certificate) |
Required |
Required |
| Photocopy of passport with visa |
Required |
Required |
| Admission confirmation letter incorporating admission fee, tution fee, accomodation and other |
Required |
Required |
| Photocopy of Tax/PAN/VAT certificate and registration certificate |
Not required |
Required |
| Proof of Income related documents |
|
|
| Original Salary Certificate not more than 10 days old |
Required |
Not required |
| Photocopy of contract agreement between applicant and his/her employer |
Required |
Required |
| Photocopy of Rent Contract, if any |
Required |
Required |
| Original/photocopy of Bank Statement (Past 6 months) |
Optional |
Optional |
| Photocopy of audited/management prepared financial statements for past 3 years |
Not required |
Required |
| Land and/or building related documents |
|
|
| Original letter stating coparcener (अन्सियार) from local authority (Ward) |
Required |
Required |
| Original Blue Print of the land (नापी नक्सा) |
Required |
Required |
| Original copy of restraint letter (रोक्का पत्र) from Land Revenue Office (मालपोत कार्यालय) |
Required |
Required |
| Original construction completion certificate from Municipality/VDC in case of purchasing already built house (निर्माण सम्पन्न प्रमाणपत्र) |
Required |
Required |
| Original/photocopy of detailed break down of cost estimation from the applicant’s consultant |
Required |
Required |
| Original land ownership certificate (लालपूर्जा) |
Required |
Required |
| Original latest land revenue receipt (तिरो तिरेको रसिद) |
Required |
Required |
| Photocopy of blue print of building approved from Municipality/VDC (नक्सा पास) |
Required |
Required |
| Photocopy of land Transfer Deed (राजिनामा, बकसपत्र, अंशवण्डा) |
Required |
Required |
| Original four Boundary Disclosure (चार किल्ला प्रमाणित) from ward office/municipality |
Required |
Required |
| Legal/Other documents |
|
|
| Debit authority note |
Required |
Required |
| Photocopy of Memorandum and Articles of Association/partnership deed |
Not required |
Optional |
| Credit information of borrowers and guarantors from CIC and branch |
Required |
Required |
| Cash deposit voucher of processing fee |
Required |
Required |
| Current account of the borrower |
Required |
Required |
| Credit Facility letter accepted by the borrower |
Required |
Required |
| Promissory Note |
Required |
Required |
| Original copy of loan deed |
Required |
Required |
| Insurance of the building |
Required |
Required |
| Original copy of mortgage deed |
Required |
Required |
