The Eastern Bank Limited (EBL) Provide Student loan for Bangladeshi Student for Higher education in Bangladesh And also abroad. Eastern Bank Limited s Student Loan is the right solution for you to relax and provide the required financial to see your children have the education you dream them to have. Also If you want to study in Undergraduate, Graduate and Professional course then you can apply for education for the Purpose of Admission, Tuition fee, Hostel fee, Examination, Research fee, Computer Buy, Books Buy, Education related travel and others, And the Most interesting is Education Loan is without Security Deposit.
Eastern Bank Limited Loan Unsecured -( Education Loan without Security Deposit )
- Maximum loan amount BDT 10,00,000 or 10 times of Gross Monthly Income of the applicant
- Loan amount up to 80% of the summation of admission fee, tuition fee, semester fee, other fees as stated by the educational institutions, living/lodging expenses and traveling expense. Total expense estimation needs to be submitted by the applicant with supporting documents.
- Interest Rate: 18% and Processing fee is 1% of the Loan amount.
- Repayment tenor : 12 – 60 months
- Study in Bangladesh: Initial admission fee and initial semester/tuition fee to be remitted directly to the institutions through Pay Order.
- Study Abroad: Initial admission and initial semester/tuition to be remitted abroad through EBL Smart Student File. Payment for traveling expenses to be reimbursed through Pay Order favoring the travel agent.
- Only the Spouse can be joint Applicant, provided combined Gross Salary is BDT30,000
- Loan amount is 95% of the security deposit (EBL FD)
- Processing fee – 1% of the Loan amount or BDT 10,000, whichever is higher
- Repayment tenor : 12 – 60 months
- Advance / partial pre payment is allowed
- Within same day processing
- No personal guarantee required
- Interest Rate: FD+3%
- Student File services available
- Joint Applicant Possible, provided he/she is a co-applicant of the security
- Loan amount is 95% of the security deposit
- Advance / partial pre payment is allowed
- Interest against utilization only
- Within same day processing
- Processing fee – 1% of the Loan amount or Tk. 2,000, whichever is higher
- No personal guarantee required
- Interest Rate: FD+3%
- Student File services available
- Joint Applicant Possible, provided he/she is a co-applicant of the security
For Interest Rate, Fees and Charges, Please Download this PDF file (Click Here)