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Education Loan

Details

Purpose:

CCBL Education loan is specially designed for students intending to pursue higher education domestically and for abroad. CCBL Education Loan helps to finance educational expenses of the students (such as admission fee, tuition fee, health insurance expenses, travel expenses, library and reading materials expenses, security deposit, accommodation expenses and other related expenses).

Features:

  • Financing for abroad as well as domestic studies.
  • Quick processing time.
  • Competitive interest rate.
  • Flexible Loan Tenure: Maximum 12 years including 5 years of moratorium period.
  • Financing: Maximum up to NPR 7.5 million

Eligibility:

All Nepalese citizens who is atleast 18 years old and have atleast Intermediate/ Higher Secondary Level (Plus 2) academic qualification can apply the loan.

Required Documents:

  • Copy of Citizenship Certificate and 2 copies of passport size photos of applicants/ collateral owner and personal guarantors.
  • Copy of Land ownership certificate (lalpurja) of the land showing residence of the individual borrower/family, if any
  • Confirmation letter from related College/University
  • Lal Purja, Tiro Tireko Rasid, Char Killa certificate, Land Map (Blueprint and trace).
  • Copy of Building Naksa Pass (from VDC or Municipality)
  • Property Tax Clearance Certificate (from VDC or Municipality)
  • Approval of construction, approved house map and construction completion certificate (as appropriate)

Income Type

Required Documentation

Income Type

Required Documentation

Salary/Pension Income

Letter from the employer stating the position, terms of employment (contract of permanent), total salary etc. In case of Pension income, pension slip required

At least past six month Bank statement reflecting salary income.

TDS receipt/certificate ( as per NRB directives/ Government of Nepal)

Rental/Lease income from property

Copy of lalpurja, copy of rental/ lease agreement signed by the landlord and tenant/ lessor and lessee in presence of witness, citizenship copy of tenant/lessee in case of individual and copy of registration document in case tenant/lessee being company/firm.

Rental Tax Paid Receipt ( as per NRB directives/ Government of Nepal)

 

Vehicle Income

Copy of Bluebook, Comprehensive insurance copy, self-declaration income in case of vehicle being used in route, rental agreement if the vehicle is being used in rent.

Tax receipt/certificate ( as per NRB directives/ Government of Nepal)

 

Self-professional practices

Registration with concerned authority such as; Nepal Engineering Council for engineers, Nepal Bar Association for lawyers etc. Letter from employer’s law firm etc.

Bank statement wherever possible.

Tax receipt/certificate ( as per NRB directives/ Government of Nepal)

 

Self-Medical practices

Nepal Medical Council certificate, letter from the employer, letter from polyclinic, pharmacy where the clinic is located.

Bank statement reflecting income.

TDS receipt/certificate ( as per NRB directives/ Government of Nepal)

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Freelance Consultancy

Past working experiences, current contract papers and proof of remuneration, qualification certificates.

Bank statement wherever possible.

TDS receipt/certificate ( as per NRB directives/ Government of Nepal)

 

Business Income

Firm Registration Certificate

Tax/Vat Registration certificate

Last 2 year financials, and year to date financial for current year, acceptable to Bank.

Tax clearance certificate ( as per NRB directives/ Government of Nepal)

 

Foreign Employment

Bank Statement (Domestic/ Abroad) or remittance payment received slips of past 3 months (In case of salary income generated from India, ATM withdrawal receipt from Nepal ATM booth can be considered as a remittance slip), Employment certificate from the concerned employer with required documents, Bank statement reflecting remitting deposits.

Dividend Income

Certification from concerned Company /Share Register or Bank statement showing dividend amount credited

Capital Gain

Certification from Broker houses or Security Board of Nepal (SEBON)

Commission Income

Insurance Agent Commission, Broker/Agency Commission, Lekhapadi Business Commission etc.

TDS receipt/certificate ( as per NRB directives/ Government of Nepal)

Contact No.: 01-4445062/4412579 Ext. No: 322 and 452

Features

  • Financing for abroad as well as domestic studies.
  • Quick processing time.
  • Competitive interest rate.
  • Flexible Loan Tenure: Maximum 12 years including 5 years of moratorium period.
  • Financing: Maximum up to NPR 7.5 million

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