Customers having sufficient net cash flow to deposit the installments regularly of the following segment:

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.

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.