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.

Purpose

To pursue higher studies for undergraduate courses (general/technical) in home and post-graduate courses in home and abroad.

Loan Limit

Maximum Tk.5.00 lac for studies in Bangladesh & Max. Tk.20.00 lac for studies in abroad

Tenure

Minimum 01 year & maximum 06 years with 3 months moratorium depending on the nature of courses

Age Limit

18-26 years

Interest Rate

Competitive Interest Rate

Customer Segment

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

Required Documents

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