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FAQ

1. While processing Education Loan, what are the income sources we need to provide?

Income sources are required in order to meet the debt obligation of bank. We considered various income sources as below;

2. After the approval of Education Loan, Can I withdraw all loan amounts at a single time?

Yes, lump-sum drawdown can be allowed only in case of need basis (as per requirement of University/ College) but all amounts shall be transferred to college via TT/SWIFT/draft. Normally, we shall disburse enrollment expenses at the first time and then accordingly in beginning of other semesters after getting letter/document evidence from University/College.

3. I am in need of NPR 10 to 15 lakhs for the renovation of my home and to bear marriage expenses, however I have fixed asset collateral with only 4 ft road access, will I get the loan?

Yes, you will get Century Flexi Loan up to 1.0 mio backed by your repayment capacity if your real estate collateral have only 4 ft. road access.

4. Currently, I am out of country for the purpose of employment. I and my wife is planning to purchase ready house at Sitapaila, Kathmandu. Can you please explain how can we proceed home loan considering my income for repayment of loan?

You can purchase the house in your wife’s ownership making you as a personal guarantor of this loan. And, yes your foreign income can be considered for calculating repayment capacity. For this, you just need to submit your salary certificate, bank statement, and pay slips/ remittance slips.