Rastriya Banijya Bank Education Loan interest rate 2083
Rastriya Banijya Bank's education loan is priced at 4.83%–5.83% effective in Shrawan 2083: a 3.83% base rate plus a 1%–2% premium. That ranks 1st cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,793, plus a 0.5% processing fee.
- Effective rate
- 4.83% – 5.83%
- Base rate
- 3.83%
- Premium
- 1% – 2%
- Processing fee
- 0.5%
- Maximum tenure
- 180 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 1 / 18
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: www.rbb.com.np/content/history-rate-of-interest
Rastriya Banijya Bank Education Loan: effective rate 4.83%, EMI from Rs. 18,793 per month. Compare with 17 other banks.
Rate breakdown
Base rate
3.83%
Premium
1%–2%
Effective rate
4.83%–5.83%
Fixed
7.5%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.31%
- Fixed-rate terms
- Up to 5 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)
Rastriya Banijya Bank Education Loan FAQ
What is Rastriya Banijya Bank's current Education Loan interest rate?+
Rastriya Banijya Bank's Education Loan floating rate is base rate 3.83% plus a premium of 1% to 2%, giving 4.83% to 5.83% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Rastriya Banijya Bank?+
At 4.83% over 60 months, the EMI is roughly Rs. 18,793. Use the calculator above to change the amount or tenure.
Can I prepay a Rastriya Banijya Bank Education Loan?+
Yes. The published prepayment charge is 1.31% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
