Purpose

• Admission Fees/Monthly Tuition Fees & Examination Fees
• Boarding and Lodging Expenses if the student is a boarder

Eligibility

• Nepalese Students between the ages of 18 to 35 years
• For Graduation, Post Graduation and Specialization
• Parents/Guardians should have permanent source of income

Loan Amount

• Maximum Loan amount is NRs.10 lakhs (Studies in Nepal and within SARRC Countries)
• Maximum Loan amount is NRs.15 lakhs (Studies in abroad)

Interest Rate & Other Fees

• Published interest rate is applicable
• Processing fees is 1% (one time)
• Pre-payment fee is 1% of loan being pre-paid

Repayment of Loan & Repayment Period

• The interest is payable on a quarterly basis commencing from the date of principal repayment. Accrued interest during the moratorium period will be capitalized.
• The loan period of maximum 10 years including moratorium period
• The principal amount including capitalized interest should be paid in not more than 60 monthly installments.