Education is the backbone of the nation. The part of Any education is one of the basic human rights. Education helps in developing the inherent qualities of the individual. loan is the one part of them.
Education in the general sense is the acquisition of knowledge or skills. Without education, it is not possible for any nation to stand tall in the world.
Education is of immense importance to make our life famous. And this requires money. Several banks in the country provide long-term loan to students.
Which (Student Loan) is call a student Loan
What is a student loan?
Student loans are financial loans given by banks to students to continue their studies. Banks provide these loans to students so that their studies do not stop due to lack of money.
Why take a student loan?
In developing countries, the banks of the country give these loans to students or parents because the education of students from poor families does not stop.
This loan is not only for poor families. Students from middle-class and upper-class families will also get the benefit of this loan
Student (Student Loan) loan eligibility
Any person who is able to repay the loan can take an education loan People working in government or private institutions, whose salary is 12-18 thousand taka,
are getting the benefit of this loan In the case of traders whose monthly income should be 50 thousand rupees Also any person between
the age of 25 years to 60 years can take this loan as per eligibility. Applicants must have passed HSC as a minimum.
How to take a student loan?
1.If a parent or student wants to take a loan in the field of education, then he should know which bank provides this loan.
2. Banks that offer student loans should approach any branch of the bank with all the necessary documents.
3. Just like any other loan, getting a student loan requires some documents. For example:
4. National identity card of the person interested in taking the loan and the guarantor.
5. Passport size photograph of applicant and guarantor.
6. Paper photocopy of various utility bills (gas bill/water bill/current bill).
7. The monthly income of the guarantor should be a minimum of 30,000 rupees. If the guarantor is a businessman, the monthly payment should be at least 50,000 rupees.
8. The student for whom the loan is to be taken must show the relevant certificate and approval.
9. The student, parent or guarantor should not have any bad reputation or lawsuit.
10. Photocopy of student’s letter of appreciation.
11. The Biodata of the parent/applicant should be shown.
Method of taking a loan
If parents are interested in getting an education for their children, they should approach the marketing/credit department of any branch of the lending bank.
The responsible officer will give you the details However, in this case, the necessary information and documents such as
Income proof, college/university admission certificate and student consent form should be submitted Bank authorities will check your documents and give you a loan in minimum time.
Some banks providing student loans:
HSBC Bank
BRAC Bank
Prime Bank
Islami Bank Limited
Uttara Bank
Grameen Bank
Mercantile Bank,
One Bank,
EBL Bank,
NCC Bank,
Shahjalal Islami Bank.
Conditions for availing student loan from HSBC:
1.No personal guarantee or cash security is requiire
2. To take a loan, a member of the family must have income and his monthly income must be 18 thousand to 22 thousand
3. HSBC offers Dhaka loans ranging from Tk 50,000 to Tk 7,50,000 or 4 times the borrower’s monthly income.
4.Interest rate on loan is 18%
5.This loan has to be repaid within 12, 24, 36, 48 and 60 months with relatively low interest
6.There is a facility to open student files
7.If an output CEPS customer wants to take a student loan and he is also offer loans as 6x and 10x However, it is not more than 7 lakh 50 thousand rupees
Conditions for availing student loan from HSBC:
8. No personal guarantee or cash security is require
9. To take a loan, a member of the family must have income and his monthly income must be 18 thousand to 22 thousand
10. HSBC offers Dhaka loans ranging from Tk 50,000 to Tk 7,50,000 or 4 times the borrower’s monthly income.
11.Interest rate on loan is 18%
12.This loan has to be repaid within 12, 24, 36, 48 and 60 months with relatively low interest
13.There is a facility to open student files
14. If an output or CEPS customer wants to take a student loan and he is also offered loans as 6x and 10x However, it is not more than 7 lakh 50 thousand rupees
BRAC Bank Education Loan
© http://www.bracbank.com
BRAC Bank does not have a direct education loan scheme but provides loans through personal loan schemes.
BRAC Bank Education Loan Terms
1. Provides loans for study abroad
2.Loans up to 10 lakh taka can be taken without any collateral
3.Maximum loan amount is 30 lakh taka
4.Time available for repayment of loan is 1-4 years
5. Repayment Rate 15%
6. Must have a bank account
7. Documents required to go abroad should be submitte
Terms and conditions of loan from Prime Bank:
1) Education loan will be given to the guardian of the student The loan amount is determined according to the income of the parent
2)Those interested can take a loan up to 1-3 lakh from this loan scheme
3)Maximum repayment period is 2 years
4)For this, Prime Bank has to pay interest at the rate of 15 per cent
5) The student has to submit all the required documents and cost basis
6) Loans are given
For Loan Contact:
Adamji Court, Annex Building-2, 11ঌ-120
Motijheel C/A, Dhaka-1000
Bangladesh
Phone – ঌ567265, ঌ5670747-8 (PABX)
Fax 880-2-ঌ567230,ঌ560ঌ77, 880-2-ঌ566215
Telex – 642459 PRIME BJ, 671543 PBL MJ BJ
E-mail-info@prime-bank.com, primebnk@bangla.net
Web Site -http://www.prime-bank.com
Source: http://www.prime-bank.com
Islami Bank Limited Education Loan
Terms of Education Loan from Islami Bank Limited:
Islami Bank Limited provides loans for the purchase of various educational materials under the HDSNAME scheme with a one-fourth down payment of the cost of the goods.
However, for this, 12.50 per cent per annum and 2 per cent as supervision charge has to be paid
Here the product price is paid in monthly installments within a maximum period of 2 years
For Loan Contact:
Islami Bank Tower
40, Dilkusha C/A
Dhaka-1000, Bangladesh
Phone-ঌ5600ঌঌ, ঌ567161,ঌ567162, ঌ56ঌ417
Telex-642525 IBANK BJ 632403 IBANK BJ 671620 IBANK BJ
Fax-880-2-ঌ564532, 880-2-ঌ568634
E-mail-info@islamibankbd.com
Website – http//www.islamibankbd.com
Reference: http://www.islamibankbd.com
Uttara Bank
Personal Loan Scheme for Salaried Employees
Employees of Bangladesh are a limited income group Many are unable to cover their own or their loved ones’ marriage, medical treatment,
children’s education and other essential expenses from their own savings or limited funds. Uttara Bank Limited has launched a Personal Loan Scheme for Salaried Officers for the purpose of providing financial support to this population.
(a) Objectives of the Project:
The objective of this scheme is to improve the health, education and happy life of the children of the wage earners with limited income.
(b) In cases where loans can be given under this scheme:
Emergency expenses of employee’s own or pet’s wedding
Emergency surgical operation/medical expenses of employee
Necessary educational expenses of children like admission, purchase of books, examination fees etc
Other urgent requirements acceptable to the bank
(c) Who can get loan under this scheme:
Permanent employees working in the following service groups between the age limit of 20 (twenty) to 55 (fifty-five) years can apply for availing loan facility under this scheme:
1) Govt
2) Semi-Government
3) Autonomous institutions
4) Joint ventures
5) Bank (except employees of Uttara Bank Ltd).
6) Insurance company
7) Armed Forces, BDR, Police and Ansar Departments
8) University, College and Government School Teachers
ঌ) Multinational company
10) Other reputable institutions acceptable to the bank
(d) Amount of loan:
Maximum Rs.1.00 Lakhs
(e) Repayment Period:
Arbitrarily determined but not exceeding 3 (three) years
Grameen Bank Education Loan
Grameen Bank provides higher education loans Grameen Bank has been providing such loans since 1977
Conditions for availing loan from Grameen Bank:
1.Children of bank members get such loans
2. This loan has a tenure of 4 to 5 years and is disbursed in installments every 3 months
3.The progress of the student’s education is monitored while taking the loan
4.Many members of the same family can take loans together
5. On completion of education, after employment, the loan amount is returned in instalments with a service charge of only 5 rupees
6.No interest payable
Contact for taking a loan: Any branch of Bangladesh Grameen Bank.
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