Get education loan bd2025

Get education loan bd2025: Banks from which education loans can be taken. Education loan, also called educational loan. This loan is usually given to guardians or directly to students. In this case, the institution or bank that provides the loan to the guardians or students can take the loan only after meeting those conditions.

• HSBC Bank
• BRAC Bank
• Prime Bank
• Islami Bank Limited
• Uttara Bank
• Grameen Bank

Get education loan bd2025 Eligibility:

The borrower can take the loan only if he is proven to be able to repay the loan.

Any official or employee of a government or private organization whose monthly income is between 12-18 thousand can easily take the loan facility.

Students whose parents have their own business and earn 50 thousand taka per month can also get this loan, for which they must show proof of income.

Also, those between the ages of 25 and 40 can take loan facilities in exchange for conditions according to their qualifications.

Get education loan bd2025 Documents:

Necessary information or documents such as: source of income and proof, college or university admission form or document, and consent letter of the student for whom the loan is to be taken must be submitted.

Then the bank authorities will verify the information and documents you have submitted and provide an education loan or loan for your child in a very short time.

1. HSBC: This bank provides loans starting from a minimum of 50 thousand taka to a maximum of 7 lakh 50 thousand taka. However, in many cases, it is seen that it provides a loan amount that is four times more than the monthly income of the person who is being loaned.

The interest rate of the bank’s loan can be up to 18%. The repayment period of this loan is twelve, twenty-four, thirty-six, forty-eight months. After opening the student file, if an output or CEPS customer wants to take an education loan, he is given a loan of six to ten times, but the maximum loan amount is not more than 7 lakh 50 thousand taka.

2. BRAC Bank: BRAC Bank provides loans for Bangladeshi students studying abroad. From where a loan of up to 10 lakh taka can be taken without collateral. There is an opportunity to take a maximum loan of 3 million taka in this bank.

3. Prime Bank: The bank basically gives loans to the guardian of the student according to his or her income and the amount of loan depends on the guardian’s income. Those interested can usually take a loan of up to 1-3 lakh taka from this scheme. Its repayment period is up to two years and the interest rate is 15 percent.

4. Islami Bank: The bank mainly provides loans for the purchase of various educational materials under a scheme called HDS through a down payment of one-fourth of the value of the educational materials and has to be repaid at the rate of 12.50 percent per annum and 2 percent as supervision charge. Moreover, the loan taken has to be repaid in monthly installments within a maximum of two years.

Additional Benefits: There are certain benefits like tax benefits in taking an education loan. Under Section 80E of the IT Act, the borrower can claim deduction on the entire interest portion of the loan. Taking an education loan also helps in building a positive credit standing as it is often the first loan taken by the students.

Get education loan bd2025, Keep these things in mind and you can easily plan your child’s education without any worries. Repaying the education loan on time will not only create a decent credit profile for your child but also for you.

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