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| Personal Loans » Consumers Loan Scheme » Foreign Education Loan |
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| Foreign Education Loan |
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Studying abroad can be a life-changing decision, however, this doesn’t come easy. Now guardians have the option to make arrangements for funding the education expenses.
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| Our new Foreign Education Loan will help the guardians to fulfil their dream of an international education for their children.
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| Features |
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To meet the cost of foreign education covering fees payable to University/ College, boarding and lodging expenses etc. |
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Student File Service available |
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Loan amount upto TK.25.00 (Twenty Five) Lac or 80% of appropriate security value whichever is lower.. |
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Flexible repayment of 12 Months to 60 Months. |
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Interest Rate: Presently 9%. |
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Processing Fee: 0.50% of the loan amount. |
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Moratorium Period upto 3 months. |
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No Hidden Charge. |
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Easy documentation & quick processing. |
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Option for early & partial settlement. |
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| Eligibility: |
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Applicant should be Parent or first relative of the student who bears the educational expenses. |
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The applicant should be Bangladeshi individual (supported by NID). |
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Reliable income source of parents/ guardian for the repayment of EMI. |
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Minimum monthly net income should be at least 3 (Three) times of monthly installment. |
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For loan amount exceeding Tk.5.00 lac, applicant must be a tax payer. |
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Maximum age of the applicant should not exceed 65 (Sixty Five) years at the time of maturity of the loan. |
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| Required Documents: |
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Copy of National ID of Applicant/ Guarantor and Passport of the student. |
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• 2 Copies of recent lab printed passport size photograph of Applicant, Guarantor & Student. |
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Copy of latest Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant (for loan amount exceeding Tk.5.00 lac). |
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Bank Statement of at least 06 months. |
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For salaried person, Salary Certificate from competent authority. |
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For businessman, valid trade license, income statement and other papers of firm/ company with financial reports. |
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Offer Letter from foreign educational institution. |
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Profile of the selected educational institution. |
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Study plan with budget i.e. information regarding tuition fees and living expenses etc. |
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Photocopy of all relevant educational certificates & transcripts including IELTS & TOEFL (if any). |
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Personal guarantee(s). |
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Authorization for debiting client's deposit account for collection of EMI. |
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Required No's of fully prepared post dated & valid signed MICR cheques with Memorandum of Deposit of cheques. |
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Collateral Security. |
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FDR with PBL/ other Banks duly discharged & properly lien marked. |
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| For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com |
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.;l |
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| Foreign Currency Rates |
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| Currency |
Buying |
Selling |
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| USD |
108.50 |
108.90 |
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| EURO |
118.60 |
122.20 |
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| GBP |
133.85 |
139.25 |
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