Education Loan: Torch bearer of our future generation.
Education is the key to unlocking opportunities and creating a brighter future. Although education is free for all in our nation, the cost of education can be a significant barrier for many individuals who had to pursue higher/ further education away from home or in other far-flung government/ private schools. We recognize this challenge and therefore, play a pivotal role in providing education loans to enable aspiring students to pursue their educational goals. We understand that empowering an individual with education will help a family to break free from the cycle of poverty and transform their lives.
Education loans we offer are specifically tailored to meet the financial needs of students and their families. Understanding the varying financial requirements of students and we offer loans that are tailored to meet their specific needs. This ensures that students can borrow an amount that covers tuition fees, books, accommodation, and other related expenses.
Eligibility: Any students above age 18 years pursuing education in private/government schools / colleges.
Rate of Interest: 16.00% p.a
Tenure: Maximum of five years.
Quantum: Maximum of Nu.500,000.00 (five hundred thousand).
Repayment Schedule: Monthly/Quarterly/Semi-Annually.
Requirements:
A. STUDENT DETAILS & DOCUMENTS
- Duly filled Education Loan Application Form
- Copy of Citizenship Identity Card (CID)
- Recent passport-size photographs (2 nos.)
- Admission / Offer Letter from recognized institute (within Bhutan)
- Course details (course name, duration, commencement date etc.)
- Fee structure issued by the institute
- Student ID / Registration confirmation (if available)
B. GUARANTOR / PARENT DETAILS
- Copy of CID of guarantor(s)
- Proof of relationship with student (if applicable)
- Employment letter
- Latest month salary slip / income proof
- Bank statement (last three months)
- Contact details of guarantor(s)
C. COLLATERAL / SECURITY
- Original Lag Thram / Land Title Certificate