May 21, 2022

NIC Asia Education loan is a simplified and flexible student loan for your higher studies. The education loan is a collateral-based term loan specially designed to facilitate your higher education financial requirements in Nepal or abroad. Our study loan has a simple documentation process, quick disbursal, and longer repayment tenure.

For more information about the education loan please contact the nearest branch or type “EDU” and send an SMS to 34488.


Facility TypeTerm Loan
EligibilityMinimum 18 years (at the time of application) and a maximum of 70 years at the time of maturity.
Loan amountMinimum NPR 0.3 million to maximum NPR 10 million.
Loan TenureMinimum 1 year to Maximum 15 years (excluding moratorium period). The Moratorium period is optional.
Collateral Type1. Against Land only/Land and Building.
2. Against Fixed Deposit placed with NIC ASIA Bank.
Interest RateTo see all the bank’s competitive  Interest Rate
Fees and ChargesTo see Fees & charges rate as per bank
Up to 100% of total cost considered by the bank but not exceeding the valuation of collateral as defined below:
Bank FinanceFor Land and/or Building:
Maximum up to 80% of Fair Market Value depending upon derived Fair Market Value of Collateral.
For Fixed Deposit:
Maximum up to 90% of the principal amount of the Fixed Deposit
Repayment optionFlexible repayment options, only interest to be paid during the moratorium period then only EMI will start.


Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.


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