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.
|Expenses considered for Loan|
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