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(Visa fee, Tuition fee & Living expenses for overseas studies)
Helping you finance your dream to study abroad. This loan is for aspiring students to help meet their visa fees, tuition fees, and living expenses.
ELIGIBILITY
Bhutanese individuals
LOAN CATEGORIES
Secured Education Loan
Unsecured Education Loan
AGE LIMIT
Secured Education Loan: 18 years and above
Unsecured Education Loan: 18 – 35 years
QUANTUM, TENURE & INTEREST RATE
Sl. No.
Loan Type
Amount (Nu.)
Tenure
Interest Rate
1
Secured
The amount equivalent to the requirement mentioned in the visa requirement letter of the specific country or Nu. 5.00 million, whichever is less.
Maximum 5 years, inclusive of a 3-month gestation
7.40% (p.a floating)
2
Unsecured
The amount equivalent to the requirement mentioned in the visa requirement letter of the specific country or Nu. 3.50 million, whichever is less.
Maximum 5 years, inclusive of a 3-month gestation
8.40% (p.a. floating)
REQUIREMENT
Checklist for Special Education Loan:
Special education loan form and undertaking letter duly signed by the applicant
One recent passport size photograph of the applicant
CID copy of the applicant and spouse (if applicable)
Copy of offer letter from university/ Institute
Copy of letter specifying the visa requirement amount /Visa requirement document.
Copy of Marriage Certificate
Additional Documents for unsecured education loan:
CID copy of his/her household members (If applicable)
Family tree/Birth Certificate of the applicant.
Family tree/Birth Certificate of the Spouse (If applicable)
Latest Net Taxable Income Certificate/letter from DRC for all household members (Annexure 1 of the application form)
Land ownership letter for all household members from NLCs specifying the location, area, type and PAVA value of land (Annexure II of the application form)
Additional Documents for secured education loan:
Term Deposit Receipt (If applicable)
Ownership certificate of collateral security
Valid insurance copy of the collateral securities charged in case of building.