EBL Education Finance Pack

EBL Education Finance Pack

EBL Education Finance Pack

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.

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 Finance Pack is always beside you.

EduLoan Unsecured – Education Loan without Security Deposit

EMI based loan facility Loan amount minimum BDT 100,000 to maximum BDT 10,00,000 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 Competitive Interest Rate Student File services available

EduLoan Secured – Education Loan with Security Deposit

EMI based loan facility Loan amount is 90% of the security deposit (EBL FD) Processing fee – 1% of the Loan amount (minimum BDT 2,000 or maximum BDT 10,000) Repayment tenor : 12 – 60 months Advance / partial pre-payment is allowed Within same day processing No personal guarantee required Interest rate: FD+3% or 12% whichever is higher Student File Services available Joint applicant possible, provided he/she is a co-applicant of the security.

EduLine – Credit Facility against Security Deposit

Loan amount is 90% 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 (minimum BDT 2,000 or maximum BDT 10,000) No personal guarantee required Interest rate: FD+3% or 12% whichever is higher Student File Services available Joint applicant possible, provided he/she is a co-applicant of the security