Education Loan

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
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