Key benefits
- Finance your studies or that of your children while preserving your savings
- No penalty fee for early repayment.
- Choose between a secured or unsecured education loan
- Secured education loan from Rs500,000 with repayment period up to 30 years
- Unsecured education loan between Rs100,000 and Rs6,000,000
- With repayment period up to 7 years
- Loan amount qualification will vary according to your income and other debts that you might already have established
Documents required to apply
- Proof of ID i.e. national identity card, valid passport
- Latest payslip (in case you receive variable income, e.g. monthly commissions, then we shall need your 12 months’ payslips)
- Utility bill (no older than three months) that is in your name
- Birth or marriage certificate (where applicable)
- Last 3 months' bank statement, where your salary is being credited
- If you have been with your current employer 6 months or less, letter confirming permanent employment.
- Contract of employment if you are working under contract
- Document issued by the education service provider as evidence of the estimated costs of studies
All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).
