Mercantile Bank Limited Education Loan for Bangladeshi Student's

28 June 2016 Written by Evan Allen

- Mercantile Bank Limited Education Loan for Bangladeshi Student's

Mercantile Bank Limited Education Loan may be availed by any student of Bangladeshi National with excellent educational track record to provide financial assistance for further educational purposes like study abroad or within the country.

Eligibility

- Mercantile Bank Limited Education Loan for Bangladeshi Student's

Applicant must be enrolled as a student in Public/Private University in case of pursuing higher studies in home for undergraduate and post-graduate program.

Age Limit

Age of the Applicant should be in between 18 to 30 years at the time of disbursement of loan)

Qualification

	Holds excellent result in SSC/HSC/O-Level/A-Level or equivalent from any recognized educational institution at home or abroad for pursuing undergraduate course in home.

	Holds excellent result in SSC/HSC/O-Level/A-Level or equivalent from any recognized educational institution at home or abroad for pursuing post-graduate courses in home or abroad as well.

	Educational program must commensurate with the career prospect of the borrower.

Loan Limit

	For Studies in Bangladesh: Maximum Tk. 5.00 Lac

	For Studies Abroad: Maximum Tk. 20.00 Lac

Expenses considered for Loan

	Fees payable to University/College/Hostel

	Examination/Library/Laboratory Fee

	Purchase of Books/Equipments/Instruments/Uniforms

	Travel Expenses/Passage money for studies abroad

	Purchase of Computers – essentials for completion of the course

	Boarding and lodging expenses in recognized Boarding Houses/private accommodations

	Any other expense required to complete the course – like study tours, project work, thesis, etc.

Moratorium period of the loan will be depending on the duration of the courses ranging from 02(two) years to maximum 04(four) years.

Loan to be repaid within a maximum period of 7 (seven) years from the date of the first disbursement.

Payment will be made directly to the educational institutions and reimbursement to the borrower against proper receipt.

The loan repayment installments will be fixed monthly basis.

The interest rate will be applied on floating basis.

_________________________________________

Source :Mercantile Bank Limited | On-line

Post your Comments Cancel reply

logged inYou must be to post a comment.

Mercantile Bank Limited Education Loan for Bangladeshi Student's

Post your Comments Cancel reply

Get in Touch

Important Links

Important Links