Education Loan may be availed by any student of Bangladeshi National with excellent educational track record to provide financial assistance for further educational purposes like study in abroad or within the country.
To pursue higher studies for undergraduate courses (general/technical) in home and post-graduate courses in home and abroad.
Maximum Tk.5.00 lac for studies in Bangladesh & Max. Tk.20.00 lac for studies in abroad
Minimum 01 year & maximum 06 years with 3 months moratorium depending on the nature of courses
Competitive Interest Rate
Any student of Bangladeshi National
Holds excellent result in SSC/HSC/O-level/A-level or equivalent from any recognized educational institution at home or abroad for pursuing undergraduate course in home
Holds excellent result in SSC/HSC/O-level/A-level or equivalent from any recognized educational institution at home or abroad for pursuing post-graduate courses in home or abroad as well
Father/mother/guardian will become joint applicant(s) with the student and application form of Education Loan will be signed by the parent/guardian along with the student.
Expenses Considered for Loan
Fees payable to University/College/Hostel
Purchase of books/ equipments/ instruments/ uniforms
Travel expenses/ passages money for studies abroad
Purchase of computers – essential for completion of the course
Boarding and lodging expenses in recognized boarding houses/ private accommodations
Bio-Data of the applicant with guardian
Personal net-worth of the guardian
Salary certificate from employer both the applicant & guardian if any
Copies of financial requirements to pursue the course duly issued by the competent authority of the concerned educational institution
Profile of the selected educational institution
NOC of the employer to pursue the study
Photocopy of valid Bangladeshi passport of the applicant in case of studies in abroad
Open student file with MBL