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Educational
Loans
 Haven’t
you always wanted the best education for your child? If
your ward wishes to pursue a professional course (like
Medicine, Engineering, Management etc), in Nepal or in
a foreign land but you are short of funds to meet the
upfront monetary requirement to get him/her into the college
of your choice……. worry no more. Here at KBL,
we have a solution. You can avail of an education loan
to finance higher education of your son or daughter.
If you are a salaried individual, professional or an entrepreneur,
this is your opportunity to brighten your child’s
future.
We finance up to 60% of the cost of tuition and admission.
All we need is proof of your income and/or reference/guarantee
from your employer/individual acceptable to us.
Depending on your income and your need, a loan of NPR
150,000.00 to NPR 800,000.00 can be availed of at a very
competitive rate of interest. Repayments are calculated
on an Equal Monthly Installment (EMI) basis that goes
easy on your monthly budget.
And the tenor is kept flexible to suit your need: you
can take a minimum of 12 months or a maximum of 60 months
to repay. You also have an option of prepaying your loan
and all you will be charged is a low 1% on the outstanding
amount.
So, if you are 25 years (or more) of age or have been
in business for at least 2 years and are looking for finance
to enable your ward pursue a professional course, walk
in to our nearest office and get an education loan approved
for a nominal processing fee. We guarantee a decision
on your application within 48 hours of receipt of your
completed application.
Our credit & marketing officers will be pleased to
provide further information.
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| Terms & Conditions |
Registered Mortgage over land
and building within municipal boundaries.
Property being mortgaged should be located within
municipal boundaries and must have a motorable
access.
Monthly net savings in case of self-employed individuals
must be 5 times of EMI.
Repayment period not to exceed Borrower's balance
/ tenor of service upto retirement in case of
Employees / Salaried Employees
Repayment is to be made in Equal Monthly Installments
(interest + principal) not to exceed 75% of borrower's
net income in case Salaried / Self Employed Individuals.
A processing fee of 1% will be charged on the
Financed Amount.
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