How to Get Education Loan from Eastern Bank Ltd. (EBL)

Education Loan from Eastern Bank

Eastern Bank Bank Limited (EBL) to provide some quality of investment service. Education Loan investment is most important investment of Eastern Bank Ltd. Education Loan of Eastern Bank is very helpful of a Student. Any Bangladeshi Student can apply to Eastern Bank Ltd for Education Loan. Eastern Bank Limited (EBL) has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Education Loan of Eastern Bank Ltd. is solution of higher education for Bangladesh or Abroad. Children are the precious assets in one’s life around which all dreams cluster. Do you dream in pursuing your children for higher education in the country or in abroad to cherish the end result? Eastern Bank is here to make your dream true with Investment Scheme Education Loan.

Education Loan of Eastern Bank

Education Loan of Eastern Bank:

Like planting seeds in fertile soil, giving children the best education now will help them grow to reach their full potential. Many families like yours choose to send children abroad for higher education because you believe this will cultivate your child’s unique skills and talents in a supportive and nurturing environment. And while the cost of this may seem daunting, the benefits will last a lifetime. Education Loan of Eastern Bank Ltd. is solution of higher education for Bangladesh or Abroad. At EBL, we’ve developed the Education Finance Pack with three types of loan facilities so that you can select matching your need. Our Education Loan covers the entire cost of your child’s education to help you send your children for higher education abroad. So be it for home or abroad, for your child or for yourself – EBL Education Loan is always beside you.

Education Loan of Eastern Bank

Education Loan Unsecured – Education Loan without Security Deposit

● EMI based loan facility

● Maximum loan amount BDT 10,00,000 or 10 times of Gross Monthly Income of the applicant

● Loan amount up to 80% of the summation of admission fee, tuition fee, semester fee, other fees as stated by the educational institutions, living/lodging expenses and traveling expense. Total expense estimation needs to be submitted by the applicant with supporting documents.

● Processing fee – 1% of the Loan amount

● Repayment tenor: 12 – 60 months

● Advance / partial pre-payment is allowed

● Interest Rate: 18%

● Student File services available

 Education Loan of Eastern Bank

Education Loan Disbursement:

● Study in Bangladesh: Initial admission fee & initial semester/tuition fee to be remitted directly to the institutions through Pay Order.

● Study Abroad: Initial admission and initial semester/tuition to be remitted abroad through EBL Smart Student File. Payment for traveling expenses to be reimbursed through Pay Order favoring the travel agent.

● Only the Spouse can be joint Applicant, provided combined Gross Salary is BDT30, 000

Education Loan  Secured – Education Loan with Security Deposit

● EMI based loan facility

● Loan amount is 95% of the security deposit (EBL FD)

● Processing fee – 1% of the Loan amount or BDT 10,000, whichever is higher

● Repayment tenor: 12 – 60 months

● Advance / partial pre payment is allowed

● Within same day processing

● No personal guarantee required

● Interest Rate: FD+3%

● Student File services available

● Joint Applicant Possible, provided he/she is a co-applicant of the security

 Education Loan – Credit Facility against Security Deposit

● Loan amount is 95% of the security deposit

● Advance / partial pre-payment is allowed

● Interest against utilization only

● Within same day processing

● Processing fee – 1% of the Loan amount or Tk. 2,000, whichever is higher

● No personal guarantee required

● Interest Rate: FD+3%

● Student File services available

● Joint Applicant Possible, provided he/she is a co-applicant of the security

 

Reference by: Eastern Bank Education Loan

 

Golam Faruque

I am Md. Golam Faruque. HR Professional in Bangladesh. I like to write articles about various job opportunities and HR related posts on my Blog.