Education Loan

Any Bangladeshi individual who has the means and capacity to repay bank loan, In specific terms, these could be salaried employees/executives of multinational and middle to large size local corporate, Government, Semi-autonomous body, in reputed NGOs (Non Government Organizations) international aid agencies and UN bodies, and other employees acceptable to the bank

Purpose :

To meet the Educational Expenses of Self/ son/daughter or any other dependant.(Local/Foreign)

Eligibility :

Age: Minimum age 25 years ( At the time of application), Maximum age at loan maturity up to 60 years (At the end of Loan Tenor)
For permanent and confirmed salaried person, minimum three (3) years experience with 1 year employment in present organization
Minimum Yearly income (Net BDT): At least three times of the total yearly installments amount of applied loan
Borrower must reside for at least 6 month in the same address

Loan Size :

Maximum amount of loan under this Scheme will be Tk.3.00 lac (Taka Three Lac)

Loan to Value Ratio :

70% of the cost to be paid by the borrower

Tenor :

Maximum 5 years

Security/Collaterals Requirement :

Two Personal Guarantees with net worth declaration.
Personal Guarantee of spouse/parents or any other family members acceptable to the bank.
Post dated cheques for all installments
One undated cheque covering total amount of all instalments

Repayment method :