Tuesday, December 24, 2019

NMB offers 100 per cent education financing


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.

Published in The Rising Nepal daily on 23 December 2019. 

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