Customer Segment:

Students of reputed Public/Private Universities, Medical/Engineering/Nursing Colleges & Institutes Professionals Courses: CA, CMA, CIMA, Marine, MBM, MBA, FCPS, FRCS, Bar-at-Law. Minimum Educational Qualification: HSC/A-Level Pass. Overseas Education in any reputed educational institution. Person having overseas job offer at hand, bound by training/course requirement.

Pre-qualification:

The applicant must have (a) Chatro-Bondhu Account (EL-19) or (b) Overseas Student File or (c) Overseas Scholarship/University Acceptance.

Parents/Guardians/Guarantors Qualification:

Guarantor having sufficient net cash flow to deposit installments regularly. Parent/Guardian/Guarantor who are eligible shall be referred to as Guarantor.

Purpose:

Student supposed to bear (1) Tuition Fees (2) Living Cost (3) Other Educational Expenses (4) Consultants Fee (5) Visa Processing fees (6) Traveling Cost (7) Document/Other verification Fees (8) Purchase of Educational Equipments/Gadget (9) any other cost not stated above but acceptable to the bank.

Nationality & Age Limit:

Bangladeshi by birth.

Age                                                        For student                                        For Guarantor

Minimum age                                    18                                                           35

Maximum age                                   40                                                           57

Minimum Income:

Gross Monthly Income of the Customer/Guarantor should be at least Tk. 30,000/- per month. The Customer/Guarantor must have sufficient net cash flow to repay the loan installments.

Loan Size:

Minimum 1.00 Lac Maximum Tk. 10.00 Lac

Maximum Term of Loan:

4 years

Rate of Interest:

As determined by the bank from to time.

Security/ Collateral:

Mortgage of any tangible asset having forced sale value of at least double the loan amount or Lien on financial asset having value at least equivalent to the loan amount.

Any other security acceptable to the bank.

Personal guarantee of the applicant & applicant’s spouse.

Third party Guarantor shall be equal to or more creditworthy than the principal applicant.

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