|
Personal Loans » Consumers Loan Scheme » Foreign Education Loan |
|
|
|
Foreign Education Loan |
|
|
Studying abroad can be a life-changing decision, however, this doesn’t come easy. Now guardians have the option to make arrangements for funding the education expenses.
|
Our new Foreign Education Loan will help the guardians to fulfil their dream of an international education for their children.
|
|
|
Features |
|
|
To meet the cost of foreign education covering fees payable to University/ College, boarding and lodging expenses etc. |
|
|
Student File Service available |
|
|
Loan amount upto TK.25.00 (Twenty Five) Lac or 80% of appropriate security value whichever is lower.. |
|
|
Flexible repayment of 12 Months to 60 Months. |
|
|
Interest Rate: Presently 9%. |
|
|
Processing Fee: 0.50% of the loan amount. |
|
|
Moratorium Period upto 3 months. |
|
No Hidden Charge. |
|
|
Easy documentation & quick processing. |
|
Option for early & partial settlement. |
|
|
|
Eligibility: |
|
|
Applicant should be Parent or first relative of the student who bears the educational expenses. |
|
|
The applicant should be Bangladeshi individual (supported by NID). |
|
|
Reliable income source of parents/ guardian for the repayment of EMI. |
|
Minimum monthly net income should be at least 3 (Three) times of monthly installment. |
|
For loan amount exceeding Tk.5.00 lac, applicant must be a tax payer. |
|
Maximum age of the applicant should not exceed 65 (Sixty Five) years at the time of maturity of the loan. |
|
|
Required Documents: |
|
|
Copy of National ID of Applicant/ Guarantor and Passport of the student. |
|
|
• 2 Copies of recent lab printed passport size photograph of Applicant, Guarantor & Student. |
|
|
Copy of latest Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant (for loan amount exceeding Tk.5.00 lac). |
|
|
Bank Statement of at least 06 months. |
|
For salaried person, Salary Certificate from competent authority. |
|
For businessman, valid trade license, income statement and other papers of firm/ company with financial reports. |
|
Offer Letter from foreign educational institution. |
|
Profile of the selected educational institution. |
|
Study plan with budget i.e. information regarding tuition fees and living expenses etc. |
|
Photocopy of all relevant educational certificates & transcripts including IELTS & TOEFL (if any). |
|
Personal guarantee(s). |
|
Authorization for debiting client's deposit account for collection of EMI. |
|
|
Required No's of fully prepared post dated & valid signed MICR cheques with Memorandum of Deposit of cheques. |
|
Collateral Security. |
|
|
FDR with PBL/ other Banks duly discharged & properly lien marked. |
|
|
For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com |
|
|
|
.;l |
|
Foreign Currency Rates |
|
|
Currency |
Buying |
Selling |
|
USD |
115.50 |
116.00 |
|
EURO |
127.00 |
130.25 |
|
GBP |
146.50 |
151.00 |
|
|
|
|
News & Events |
|
|
|
|
|
All News |
|
|
|