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Home Personal Banking Loans Special Education Loan

Special Education Loan

(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 TypeAmount (Nu.)TenureInterest Rate
1SecuredThe 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 gestation7.90% (p.a floating)
2UnsecuredThe 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 gestation8.90% (p.a. floating)

REQUIREMENT

Checklist for Special Education Loan:

  • Special education loan form and undertaking letter duly signed by the applicant
  • CID copy of the applicant and spouse (if applicable)
  • Copy of offer letter from university/ Institute.
  • Copy of Marriage Certificate (if applicable)

Additional Documents for secured education loan:

  • A copy of the lag thram or NLC letter on valuation of the land.

Downloads / Links

Special Education Loan Application Form