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Education Loan :
Bangladesh is growing rapidly - at one of the fastest rates in the world. The country's rapid progress, among others, will lead to a rapid rise in the demand for university graduates and consequently the demand for higher education. Inability to create the opportunity to avail higher education for interested and qualified students will hamper the growth prospect of the economy. Because of the complementary nature of the role of the state and the market, it is important to coordinate the effort of the public and the private sector to cover any potential gap between the demand and supply of tertiary-educated workforce.
It is very popular view in the country the state shall provide the cost of higher education for the students. The arguments that the private cost will not allow a large proportion of low income students to undertake tertiary education.
In fact , currently , the Government is financing the operation of a large number of universities from public sources( 42 public universities according to MoF,2019)As a result the public fund for higher education I s thinly distributed over a large number of tertiary institutions resulting in overall lower-quality graduates in the country.
A third problem from the public side is that a significant number of students availing free tertiary education, migrate overseas, sometimes permanently. Thus is country that finances their education does not benefit from such spending .
Almost every banks in Bangladesh provide various types of education loans or credits for their clients for helping to make their life easy and simple. Banks offer many attractive offers to help the customers against minimum interest of charges. Here is a list of all banks education loans and are listed alphabetically by their names. Click the names to learn detail of the bank loans and choose the best one to make you dream comes true.
Education Loan:
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
Are you thinking of higher studies abroad?
You should think more on where your child should study than your financial constraints. To help your child to make understand his/ her true academic potential, come to a Bank for our Education Loan, offering maximum BDT 10,00,000 for Bangladeshi students to ensure a better higher education for your child.
Eligibility of the Applicant
Any Bangladeshi bona fide student.
At least successful completion of HSC Exam.
Complied all preconditions for getting admission and visa formalities.
Have no bad reputation, e.g., criminal record, political connection, etc.
Loan Limit
Minimum: BDT 1,00,000.00
Maximum: BDT 10,00,000.00
Loan Application Fees
BDT 600.00
Required Documents
Completion of A/c opening formalities including Letter of Introduction.
Letter of Authorization from the Student for whom the Loan will be availed.
Copies of National ID Card & TIN of Borrower, Student and Guarantor (if available).
Salary/ Income Certificate stating net earning.
Copy of Passport with valid visa of the student, where applicable.
Copies of Certificate of Education of the student.
Any other documents that are prudently felt necessary.
NCC Bank may change, add or remove any conditions any time without notification.
7.50% Interest Rate
About Education Loan
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Small Education Loan
- On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized.
- These cases are perfectly simple and easy to distinguish. In a free hour, when our power.
- On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized.
- These cases are perfectly simple and easy to distinguish. In a free hour, when our power.
Commercial Financing
- On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized.
- These cases are perfectly simple and easy to distinguish. In a free hour, when our power.
- On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized.
- These cases are perfectly simple and easy to distinguish. In a free hour, when our power.
Education Loan Eligibility
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| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
Documentation
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- Office address proof.
- Passport sized photographs of all applicants / co-applicants.
- Proof of Continuity Of Business
- Certified copies of MOA / AOA /Partnership deed.
- Repayment track record.
- 2 years audited financials.
- 2 yrs ITR of directors/partners.
- 6 months bank statement of main operating account.
- Proforma invoice to the equipment to be financed.
- Professional qualification certificate in case of Doctors /CA/Lawyers/Architects.
- Board Resolution (If Pvt. Ltd. Co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
FAQ
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy.
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