Nepal Bank Limited Education Loan interest rate 2083
Nepal Bank Limited's education loan is priced at 6.37%–7.87% effective in Bhadra 2083: a 4.37% base rate plus a 2%–3.5% premium. That ranks 8th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,505, plus a 0.5% processing fee.
- Effective rate
- 6.37% – 7.87%
- Base rate
- 4.37%
- Premium
- 2% – 3.5%
- Processing fee
- 0.5%
- Maximum tenure
- 180 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 8 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.nepalbank.com.np/interest-rate/interest-rate-on-loans-advances-floating-rate
Nepal Bank Limited Education Loan: effective rate 6.37%, EMI from Rs. 19,505 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.37%
Premium
2%–3.5%
Effective rate
6.37%–7.87%
Fixed
7.9%–8.5%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 0.51%
- Fixed-rate terms
- 7.90% for 5 years · 8.50% for 10 years
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 80%
- Age
- 21 – 40 years
Highlights
- Nepal and abroad study
- Moratorium during study
- Covers tuition, living and travel
Who is eligible
Admission letter and fee structure required. Parent or guardian as co-borrower.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Admission letter
- Fee structure
- Passport (for abroad)
Nepal Bank Limited Education Loan FAQ
What is Nepal Bank Limited's current Education Loan interest rate?+
Nepal Bank Limited's Education Loan floating rate is base rate 4.37% plus a premium of 2% to 3.5%, giving 6.37% to 7.87% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Nepal Bank Limited?+
At 6.37% over 60 months, the EMI is roughly Rs. 19,505. Use the calculator above to change the amount or tenure.
Can I prepay a Nepal Bank Limited Education Loan?+
Yes. The published prepayment charge is 0.51% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
