Are you in need of a student loan?


Are you in need of a student loan? Do you want some information regarding loan facilities for the student? This article will help you gather necessary information about getting loans for study purposes.

Education is one of the fundamental rights which enlightens our lives by removing darkness and ignorance. For improved life, we need a better education. You need higher degrees to flourish in your career. To obtain higher educational degrees, there is a requirement for a handsome amount of money.

There are a number of private banks providing easy loan facilities for the student. They aim to make higher studies more accessible to the middle-class and lower-middle-class communities.  Guardians can avail of the loan facilities by abiding some specific rules set by the bank. In some cases, the student can take a loan too.

Loan Providing Institutions/ Banks

One Bank Limited

OBL Student Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in the home and abroad. Students who embark on their overseas education, ONE Bank, help them fulfill their aspirations with its Student Loan.



Loan amount ranges from BDT 50,000/- to BDT 20,00,000/-


Loan tenure up to 60 months


Interest rate is 10.99%


Minimal documentation


Any creditworthy Bangladeshi Parents/Guardian of the students having age from 21 to 65 years or retirement age whichever is earlier at loan maturity

Professional Experience:


Regular/Permanent employee with a minimum one year of total experience and a minimum of six months’ with present employer


Business Individuals: Minimum 2 years of business establishment


Professionals: Minimum 2 years of practice in the respective profession

Minimum Gross Monthly Income:


Salaried: BDT 25,000/-


Professionals/Landlord/Lady/Business Individuals: BDT 50,000/-

United Commercial Bank Limited

UCB has loan facilities for the student. For education purposes, they provide loans to help deserving students.

Customer Segment:

  • Employees of reputed Multinational Companies and large local corporate.
  • Employees of medium-sized or mid-range local companies such as reputed schools & colleges, pathology labs, hospitals, restaurants, hotels, newspapers, airlines, real-estate developers of repute, insurance & leasing companies, NGOs, aid agencies, UN bodies, reputed trading firms and business establishments and all other salaried employees including employees of Government, Semi-government & Autonomous bodies.
  • Any tax paying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income

Minimum Income:

  • TK .12,000 for salaried individuals and Tk. 25,000 for businessman
  • Tk. 10,000 for employees of Government, Semi-Government and Autonomous bodies

Minimum Service length:

  • For the salaried individual, minimum service length of 2 years
  • Govt. employees must be confirmed on job

Age Limit:

  • Minimum of 20 years
  • Maximum age 65 years at the time of loan maturity.

Maximum Term of Loan: 05 Years

Service charges: 1% of loan amount + VAT as per govt. regulations

Early settlement/Partial Payment: Allowed anytime without any charges.

NCC Bank

NCC Bank provides Education loans to ensure a better higher education for the deserving candidates. For studying abroad, they have special packages too.

Eligibility of the applicant

  • Any Bangladeshi student, after successful completion of at least H.S.C
  • Complied all preconditions for getting admission and visa formalities.
  • Have no bad reputation e.g. Criminal Record, Political connection etc.

Loan Limit

  • Minimum: BDT 100,000 and Maximum: BDT 1,000,000.

Loan Application Fees

  • BDT 600

Required Documents

  • Completion of A/C opening formalities including Letter of Introduction.
  • Letter of Authorization from the Student for whom the Loan will be availed.
  • Copies of National ID Card & TIN of Borrower, Student, and Guarantor (if available).
  • Salary/ Income Certificate stating net earnings.
  • Copy of Passport with valid visa of the student, where applicable.
  • Copies of Certificate of Education of the student.
  • Any other documents that are prudently felt necessary.

Mercantile Bank Limited

Mercantile Bank Education Loan may be availed by any student of Bangladeshi National with an excellent educational track record to provide financial assistance for further educational purposes like a study abroad or within the country.


  • To pursue higher studies for undergraduate courses (general/technical) at home and post-graduate courses at home and abroad.

Loan Limit

  • Maximum Tk.5.00 lac for studies in Bangladesh & Max. Tk.20.00 lac for studies in abroad


  • Minimum 01 year & maximum 06 years with three months moratorium depending on the nature of courses

Age Limit

  • 18-26 years

Interest Rate

  • Competitive Interest Rate

Customer Segment

  • Any student of Bangladeshi National
  • Holds excellent result in SSC/HSC/O-level/A-level or equivalent from any recognized educational institution at home or abroad for pursuing an undergraduate course at home
  • Holds excellent result in SSC/HSC/O-level/A-level or equivalent from any recognized educational institution at home or abroad for pursuing post-graduate courses at home or abroad as well
  • Father/mother/guardian will become joint applicant(s) with the student, and the application form of Education Loan will be signed by the parent/guardian along with the student.

Expenses Considered for Loan

  • Fees payable to University/College/Hostel
  • Purchase of books/ equipment/ instruments/ uniforms
  • Travel expenses/ passages money for studies abroad
  • Purchase of computers – essential for completion of the course
  • Boarding and lodging expenses in recognized boarding houses/ private accommodations

Required Documents

  • Bio-Data of the applicant with a guardian
  • Personal net-worth of the guardian
  • Salary certificate from employer both the applicant & guardian if any
  • Copies of financial requirements to pursue the course duly issued by the competent authority of the concerned educational institution
  • Profile of the selected educational institution
  • NOC of the employer to pursue the study
  • Photocopy of valid Bangladeshi passport of the applicant in case of studies in abroad
  • Open student file with MBL

NRB Global Bank

NRB Student Education Loan Scheme is designed to help potential students willing to fulfill their dreams by having higher education at Bangladesh

Who Can Apply

Non-residence Bangladeshi (NRB) to leverage the cost of higher education for their child


The loan will be allowed to leverage the cost of higher education of NRB’s Child, only in Bangladesh, that includes Admission fee, Tuition fee, Semester Fees, other fees, as stated by Educational Institutions, Living/Lodging.

Key Features

Loan Limit: BDT 50,000.00 up to BDT 5, 00,000.00

Repayment Tenure: 12 months – 36 months

Rate of Interest: 14% p.a.

Shahjalal Islami Bank

Shahjalal Islami Bank has an Investment Scheme for Education to help parents cherish the dream of letting their children achieve higher education.


Any Bangladeshi creditworthy salaried or a self-employed person can avail of this facility for their Children.

Purpose of Investment

  • To pay the Tuition fees.
  • To pay the Hostel fees.
  • To meet Travel expenses.
  • Purchase of computers, books, etc.

Investment Amount

  • In Bangladesh: Maximum Tk. 7, 00,000/-
  • In Abroad: Maximum Tk. 15, 00,000/-

Period: Maximum 60 months.


– In Bangladesh: 10% margin.

– In Abroad: 20% margin.

Repayment Mode:

Equal monthly installments.

Profit Rate:

14.00% per annum

Special Condition

The student file must be maintained with Shahjalal Islami Bank Ltd.

Special Feature

Partial adjustment or Full Pre-payment of liability at any time allowed without any early settlement charge.

Besides these banks, there are more financial institutions that provide student/education loans. If you are looking for the best student loan available then you might compare all the information and then pick the suitable one for you.

Author Bio

Nahar RimpyNahar Rimpy has a passion for writing. Being a professional social worker she loves working with people. She can write on different niches but the lifestyle, mental health, education, and social issues are her favorite areas of interest.


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