Any Bangladeshi individual who has the means and capacity to repay bank loan, In specific terms, these could be salaried employees/executives of multinational and middle to large size local corporate, Government, Semi-autonomous body, in reputed NGOs (Non Government Organizations) international aid agencies and UN bodies, and other employees acceptable to the bank
Purpose: To meet the Educational Expenses of Self/ son/daughter or any other dependant.(Local/Foreign)
Age: Minimum age 25 years ( At the time of application), Maximum age at loan maturity up to 60 years (At the end of Loan Tenor)
For permanent and confirmed salaried person, minimum three (3) years experience with 1 year employment in present organization
Minimum Yearly income (Net BDT): At least three times of the total yearly installments amount of applied loan
Borrower must reside for at least 6 month in the same address
Loan Size: Maximum amount of loan under this Scheme will be Tk.3.00 lac (Taka Three Lac)
Loan to Value Ratio: 70% of the cost to be paid by the borrower
Two Personal Guarantees with net worth declaration.
Personal Guarantee of spouse/parents or any other family members acceptable to the bank.
Post dated cheques for all installments
One undated cheque covering total amount of all instalments
Tenor: Maximum 5 years
Repayment method: Equal Monthly Instalments
Disbursement Mode: By making credit to customer’s savings/Current account
First repayment date:1st repayment will be started at the end of one month from the date of disbursement
Recent Passport size photographs of applicant(s) and guarantor (s).
Photocopy of NID/Passport of applicant (s) and guarantor (s)
Latest Utility Bill (Gas/Water/Electricity)
Study plan with budget..
Business Card/Office ID of applicant (s) and guarantor (s), if any.
Latest Tax Certificate / E-TIN
Personal Net Worth statements of applicant (s) and guarantor (s).
Bank Statement of last 12 months for businessmen and 6 months for others.
Rent or Lease agreement of house/property (if applicable)
Salary Certificate / Letter of Introduction.
Professional Certificate issued by the concerned Institution.
Interest Rate: 12.00% per annum with quarterly rest. The rate of interest will remain fixed throught the tenure of the Loan.
Availability Period : Maximum 6 months from the date of sanction advice.
Prepayment : Loan to be prepaid on payment of 2% breakage cost on prepayment amount.