Kathmandu, Dec. 22
NMB
Bank has offered education loan 100 per cent financing with up to 15 years
tenure and up to four years’ moratorium period.
The
bank said on Sunday that it had rejuvenated its Education Loan offering by
introducing a series of attractive features.
"We
have made key additions with the objective to ensure that customers/students do
not face financial setbacks in their aspirations to study abroad and are able
to avail education loan with minimum hassle and enhanced value proposition,"
it said in a statement.
The
bank shall provide financing up to 100 per cent of education cost, living and
travel expenses.
To
provide flexibility to students regarding sponsorship for abroad study, the bank
has widened scope of sponsors covering both paternal and maternal grandparents,
immediate in-laws family members- father/mother-in-law and uncle/aunt.
Accordingly,
the loan tenure has been increased up to 15 years, whereas the criterion for
moratorium period has been set at minimum 4 years or entire course duration.
NMB
Bank currently has a network of 163 branches, 128 ATMs and 5 extension counters
across the country.
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