Education Loan

Sunrise Bank presents “Sunrise Education Loan” to financially support you in pursuing higher education for better and secured tomorrow. Now with much easier financing criteria, repayment schemes and hassle free processing, you can freely opt for your desired course in any college, institution or university in Nepal and abroad.

We provide Education Loan:

For pursuing higher education (under graduate / diploma, graduate and post graduate studies) in Nepal as well as abroad.

Major highlights:

Loan Limit	NPR 0.3 - 10 Million
Loan Tenure	12 years including 5 years principal moratorium
Repayment	Equated Monthly Installments (EMI) Only interest to be served during moratorium period
Collateral required	Land or land & building and/or Cash and/or cash equivalent collateral Collateral owned by the applicant/s and or by his/her close relatives is also accepted
Financing	Up to 80% of total expenses related to the study Up to 100% of distress value of the landed property Up to 90% of cash/near cash security
Eligibility	Nepalese students falling under age group of 17 years to 40 years Monthly disposable income (net saving after all expenses before EMI/interest) should be greater or equal to 1.5 times of EMI/monthly interest Reasonably estimated income of the applying student after successful completion of the course may also be considered for repayment assessment.