NMB Bank Education Loan interest rate 2083
NMB Bank Education Loan: effective rate 9.45%, EMI from Rs. 20,977 per month. Compare with 19 other banks.
#8 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.48%
Premium
2.97%–3.6%
Effective rate
9.45%–10.08%
Fixed
10.95%–12.08%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.93%
- 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)
NMB Bank Education Loan FAQ
What is NMB Bank's current Education Loan interest rate?+
NMB Bank's Education Loan floating rate is base rate 6.48% plus a premium of 2.97% to 3.6%, giving 9.45% to 10.08% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from NMB Bank?+
At 9.45% over 60 months, the EMI is roughly Rs. 20,977. Use the calculator above to change the amount or tenure.
Can I prepay a NMB Bank Education Loan?+
Yes. The published prepayment charge is 1.93% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.