Education Loan

Click here to refer interest rate chart

• Maximum limit of 30 times the net salary or maximum of Nu 1.00 million
• Maximum limit of 75% of the collateral value (land and building) but not exceeding Nu.1.00 million.
• Maximum loan limit will be Nu 1.00 million per student within Bhutan either salary base or collateral base.

Maximum tenor of 5 years.

• Education loan application form
• 2 passport size photograph
• Citizenship identity card copy of children if the child is 15 years and above.
• Citizenship identity card copy of the applicant.
• Provisional admission or latest academic admission of the colleges/institutes/universities.
• Latest progress report of the student.
• Fees structure.

If the repayment is tie up with salary then the following documents is required:

• Latest pay slip of the applicant and the guarantor.
• Citizenship identity card copy of the guarantor.
• Salary deduction undertaking.

Note: If the applicant has 5 years of service then the guarantor is not required.

The following documents is required on the provision of the collateral -

• Ownership certificate of the collateral
• Valid insurance copy of security in case of building
• Proof of income source to service the loan.
• Stamped and witness consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
• Stamped Consent/No Objection letter for family owned land, family tree (household) register issued by Department of Civil Registration and Census, MoHCA (if applicable).
• Stamped and witness consent letter for extension of charges duly signed by the property owner, if applicable.

Click here to refer interest rate chart

• Maximum limit of 30 times the net salary or maximum of Nu 1.00 million.
• Maximum limit of 75% of the collateral value (land and building) but not exceeding Nu. 3.00 million.
• Maximum loan limit will be Nu 3.00 million per student in India/ third country base on collateral and Nu 1.00 million based on salary.

Maximum tenor of 5 years.

• Education loan application form
• 2 passport size photograph
• Citizenship identity card copy of children if the child is 15 years and above.
• Citizenship identity card copy of the applicant.
• Provisional admission or latest academic admission of the colleges/institutes/universities.
• Latest progress report of the student.
• Fees structure.

If the repayment is tie up with salary then the following documents is required:

• Latest pay slip of the applicant and the guarantor.
• Citizenship identity card copy of the guarantor.
• Salary deduction undertaking.

Note: If the applicant has 5 years of service then the guarantor is not required.

The following documents is required on the provision of the collateral -

• Ownership certificate of the collateral
• Valid insurance copy of security in case of building
• Proof of income source to service the loan.
• Stamped and witness consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
• Stamped Consent/No Objection letter for family owned land, family tree (household) register issued by Department of Civil Registration and Census, MoHCA (if applicable).
• Stamped and witness consent letter for extension of charges duly signed by the property owner, if applicable.