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.
Collateral Type	1. Against Land only/Land and Building. 2. Against Fixed Deposit placed with NIC ASIA Bank.
Interest Rate	To see all the bank's competitive Interest Rate
Fees and Charges	To see Fees & charges rate as per 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.