NIC Asia Education loan is a simplified and flexible student loan for your higher studies. The education loan is a collateral-based term loan specially designed to facilitate your higher education financial requirements in Nepal or abroad. Our study loan has a simple documentation process, quick disbursal, and longer repayment tenure.
For more information about the education loan please contact the nearest branch or type “EDU” and send SMS to 34488.

Facility/Product Type

Collateral Based
Facility Type

Term Loan


Minimum 18 years (at the time of application) and a maximum of 80 years at the time of maturity.


Loan amount

Minimum NPR 0.3 million to maximum NPR 10 million.

Loan Tenure

Minimum 1 year to Maximum 20 years (excluding moratorium period). The Moratorium period is optional.

Collateral Type
  • Against Land only/Land and Building.
  • Against Fixed Deposit placed with NIC ASIA Bank in the name of student or family members or close relatives.
Interest Rate

As per Published Rate

Fees & Charges

As per Standard Tariff of Charges (STC)

Bank Finances

Up to 100% of total cost considered by the bank but not exceeding the valuation of collateral as defined below:

  • For Land and/or Building:
    Maximum up to 80% of Fair Market Value depending upon derived Fair Market Value of Collateral.
  • For Fixed Deposit:
    Maximum up to 90% of the principal amount of the Fixed Deposit
Repayment option

Flexible repayment options, only interest to be paid during the moratorium period then only EMI will start.

Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.

Required Documents

Offer letter/ Fee Structure/ Acceptance letter or substantiating documents from concerned Education Institution

No objection letter from Ministry of Education, in case of abroad study 

Copies of Citizenship Certificate and/or Passport of Borrowers and Guarantors

Copy of Passport of student and dependent (if any), for abroad study

Relationship certificate (where applicable)

Net worth statement of Borrowers and Guarantors (where applicable)

PAN Card (where applicable)

Income Verification documents

All related documents regarding collateral/security

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