Education Loan in nepal with lowest interest rate

Purpose

• Admission Fees/Monthly Tuition Fees & Examination Fees
• Boarding and Lodging Expenses if the student is a boarder

Eligibility

• Nepalese Students between the ages of 18 to 35 years
• For Graduation, Post Graduation and Specialization
• Parents/Guardians should have permanent source of income

Loan Amount

• Maximum Loan amount is NRs.10 lakhs (Studies in Nepal and within SARRC Countries)
• Maximum Loan amount is NRs.15 lakhs (Studies in abroad)

Interest Rate & Other Fees

• Published interest rate is applicable
• Processing fees is 1% (one time)
• Pre-payment fee is 1% of loan being pre-paid

Repayment of Loan & Repayment Period

• The interest is payable on a quarterly basis commencing from the date of principal repayment. Accrued interest during the moratorium period will be capitalized.
• The loan period of maximum 10 years including moratorium period
• The principal amount including capitalized interest should be paid in not more than 60 monthly installments.

This all system and lowest rate are available in only in GURKHA DEVELOPMENT BANK NEPAL.