NMB Bank Limited Education Lone Detail & Apply Now in 2021


Education Loan is extended to students or sponsors of the student to enroll for higher study abroad or within Nepal.


Age18-50 years
Eligible income of sponsorsSalaried individual self-employed professionalsBusinessmenRental income remittance income holder
GenderAll genders
Eligible expensesFees payable to the educational institute and accommodation expense examination/library/laboratory fee purchase of books/equipment/instruments travel expenses


Along with the Education Loan application, you will have to provide certain documents to allow us to process your loan at the earliest. Here is the list of documents required for processing the Education Loan.

Identification Documentation

Photograph and copy of citizenship of the applicant/sponsor/guarantor.

Net worth statement of applicant/guarantor/sponsor.

Map of the applicants’/sponsor’s/guarantor’s residence.

Copy of title deed or other property owned by the borrower and his/her one house family members/ guarantors as declared in a net-worth statement.

Copy of Individual PAN certificate (where applicable)

Income-related documents

For salaried individuals

Salary certificate from the employed organization/company (not older than 3 months).

Latest two salary slips (if any).

Bank Statement, as applicable.

For self-employed professionals

Certificate of registered professional.

Detail of income source/ profession.

Proof of last 3 years of continuous practice (if any).

Bank Statement, as applicable.

For business person

Latest audited financial statement as per prevailing Company/Tax Act of Nepal.

Bank Statement, as applicable.

Certificate of Incorporation (in case of an organization)

Valid Firm/Company registration certificate.

MOA/AOA, Share Lagat, partnership deed (as applicable)

Recent tax paid receipt.

For other sources

Latest lease payment receipt or agreements, the title deed of the property. Future rental income will not be considered.

Other rental income details. If the asset generating rental income is under a loan from another financial institution, the Bank must take into consideration the residual income from such asset.

Pension slip, interest received the statement, etc.

Bank Statement, as applicable.

Other verifiable income.

Collateral related documents

Land ownership certificate

Blueprint/trace map

Four wall boundary

Building construction permission certificate from competent authority, construction completion certificate ( as applicable )

Collateral transfer deed (for the recently purchased property)

latest revenue receipt of land or land or/and building offered as collateral


Financing Amount:  up to 70% of the Fair Market Value of the collateral security as valued by the Bank’s approved value.

Financing ratio:

 Up to 100 percent of the cost of education including traveling cost (for abroad) and accommodation (for abroad).

 Up to 100 percent of the cost of tuition fee for study within Nepal

Tenure: Maximum up to 15 years.

Repayment Method:  EMI.

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