NMB Bank revamps its Education Loan scheme; brings best in class offering with pre-approved facility, 15 years tenure and many more

Mon, Dec 23, 2019 1:18 AM on Corporate, Featured,
NMB Bank r...

NMB Bank has rejuvenated its Education Loan offering by introducing a series of attractive features among which prominent offerings include pre approval facility, 100% financing with up to 15 years tenure and up to 4 years moratorium period.

The Bank has made key additions with the objective to ensure that customers/students do not face financial setbacks in their aspirations to study abroad and are able to avail Education loan with minimum hassle and enhanced value proposition.

The bank shall provide financing up to 100% of education cost, living and travel expenses. Further, to provide flexibility to students regarding sponsorship for abroad study, the Bank has widened scope of sponsors covering both paternal and maternal grandparents, immediate in-laws family members- father/mother in law and uncle/aunt. Accordingly, the loan tenure has been increased up to 15 years, whereas the criterion for moratorium period has been set at lower of 4 years or entire course duration.

NMB Bank currently has a network of 163 branches, 128 ATMs and 5 extension counters across the country.