Education Loan (Abroad)
Studying abroad means paying tuition and living costs in a foreign currency but repaying the loan in rupees. Enter costs per year, the exchange rate and the moratorium period to see the capitalised principal, the EMI once repayment starts and the total interest.
Frequently asked questions
What does an education loan cover?+
Tuition, living expenses, travel and insurance, usually up to a bank-set cap. Banks disburse in tranches per semester, often directly to the institution.
What is a moratorium?+
The period during the course and a few months after it when you do not pay EMIs. Interest still accrues and is added to the principal when repayment starts.
Do I need collateral?+
Most Nepali banks require property collateral or a guarantor for larger amounts. Some offer unsecured loans up to a limit for admits to recognised universities.