NIC Asia Bank Education Loan interest rate 2083
NIC Asia Bank Education Loan: effective rate 9.64%, EMI from Rs. 21,070 per month. Compare with 19 other banks.
#12 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
7.05%
Premium
2.59%–4.04%
Effective rate
9.64%–11.09%
Fixed
Not offered
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 0.77%
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 8%
- 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)
NIC Asia Bank Education Loan FAQ
What is NIC Asia Bank's current Education Loan interest rate?+
NIC Asia Bank's Education Loan floating rate is base rate 7.05% plus a premium of 2.59% to 4.04%, giving 9.64% to 11.09% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from NIC Asia Bank?+
At 9.64% over 60 months, the EMI is roughly Rs. 21,070. Use the calculator above to change the amount or tenure.
Can I prepay a NIC Asia Bank Education Loan?+
Yes. The published prepayment charge is 0.77% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.