Kathmandu, December 24
NMB Bank, a major commercial bank of the country, has rejuvenated its education loan scheme by introducing new features, among which prominent offerings include pre-approval facility, 100% financing with up to 15 years tenure and up to four years moratorium period.
The bank says it made key additions with the objective to ensure that students would not face financial setbacks in their aspirations to study abroad and would be able to avail the loan with minimum hassle.
The bank informs that it will provide financing up to 100% of education cost, living and travel expenses. Further, to provide flexibility to students regarding sponsorship for abroad study, the bank has widened the scope of sponsors covering both paternal and maternal grandparents, immediate in-laws family members- father/mother in law and uncle/aunt.
Accordingly, the loan tenure has been increased up to 15 years, whereas the criterion for the moratorium period has been set at lower of four years or entire course duration.
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