| Purpose |
Advances to pursue higher education in Nepal as well as abroad.
The finance covers :
- Admission Fee
- Books and stationery
- Instruments required for the course undertaken by the borrowing scholar
- Monthly fees/Tuition fees
- Examination Fees
- Caution deposit/building fund/refundable deposit supported by Institution bills/receipts
- Any other expenses required completing the course like study tours, project work, thesis etc.
- Boarding and lodging expenses in recognized Boarding Houses/Private accommodations.*
*In case of private accommodations, the reimbursement may be allowed to students up to prevailing charges of recognized Boarding Houses in the area. |
| Eligibility |
- Nepali Citizens (16-30 yrs)
- For masters and higher studies: 35 yrs
- At least 50.00% marks to be in secured in last qualifying
- Regular source of income of parents
|
| Limit |
- Need Based
- The amount of loan shall be co-related to the expenses involved in taking up the course by student and the expected earnings after qualifying
|
| Disbursement |
- Loan shall be disbursed as term loan
- Year-wise limit shall be set up based on total expenses involved in completing the course within the overall limit and disbursement made accordingly
|
| Margin |
|
| Security |
- Collateral security/FD equivalent to 100 percent of the loan amount acceptable to the Bank
|
| Interest rate |
|
| Repayment |
- The interest shall be regularly paid on monthly/quarterly basis.
- Repayment shall start one year after the completion of study or one-month after getting employment whichever is earlier in maximum 84 equal monthly installments (7 years)
|
“Sanjivani” Education Loan Scheme to Medical Students for MBBS/BDS studies in Nepal
|
| Purpose |
Advances to pursue medical studies- MBBS/BDS in Nepal.
The finance covers :
- Admission Fee
- Books and stationery
- Instruments required for the course undertaken by the borrowing scholar
- Monthly fees/Tuition fees
- Examination Fees
- Caution deposit/building fund/refundable deposit supported by Institution bills/receipts
- Any other expenses required completing the course like study tours, project work, thesis etc.
- Boarding and lodging expenses
*In case of private accommodations, the reimbursement may be allowed to students up to prevailing charges of recognized Boarding Houses in the area. |
| Eligibility |
- Nepali Citizens (18-30 yrs)
- At least 55.00% marks to be in secured in last qualifying examination from recognized by HSEB/ University in Nepal
- Regular source of income of parents/ guardian (Income to be minimum of 200% of the interest amount.
|
| Limit |
- Maximum Rs. 35.00 Lac for fees and all other costs (includes fees, books, instruments and all other expenses)
|
| Margin |
|
| Interest |
|
| Repayment |
- Repayment shall start one year after the completion of study by the borrower or one-month after getting employment whichever is earlier.
- The interest shall be regularly paid on quarterly basis.
- After the completion of the normal time of the course, the principal shall be payable in maximum 72 equal monthly installments.
|
| Disbursement |
- A lump sum disbursement of up to 90% of the total fees shall be made to the concerned colleges or upon production of receipt of fees paid by the students/ guardian or on installment basis as per the fee payment structure of the college/institution.
- Also, re-imbursement shall be made with confirmation from the college and letter of receipt of fees within 3 months of payment.
|
| Security |
- Collateral security equivalent to 100 percent of the loan amount acceptable to the
- Bank FD covering 100% of the loan amount is also acceptable.
|
| Insurance |
- Term Insurance policy for 12 years (non-endowment policy) for the loan amount in the name of the borrower students to be taken.
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