Education Loan

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.

Features:

Particulars	Features
Facility Type	Term Loan
Eligibility	Minimum 18 years (at the time of application) and a maximum of 70 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 15 years (excluding moratorium period). The Moratorium period is optional.
Interest Rate	Competitive Interest Rate. Click Here
Fees and Charges	As per Bank Charges. Click Here
Collateral Type	1. Against Land only/Land and Building. 2. Against Fixed Deposit placed with NIC ASIA Bank.
Bank Finance	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.