Studying abroad can be a life-changing decision, however, this doesn’t come easy. Now guardians have the option to make arrangements for funding the education expenses.

Our new Foreign Education Loan will help the guardians to fulfil their dream of an international education for their children.

Features:

• To meet up education-related expenses (academic, professional, technical, or vocational education etc.) in abroad including tuition fees, admission fees, accommodation, examination fees, travel expenses, purchase of books/ equipment/ computer/ laptop and other education-related costs.
• Loan amount upto BDT 40.00 Lac or 80% of appropriate security value whichever is lower.
• Flexible repayment (EMI) of 60 Months
• Grace Period upto 06 months.
• Competitive Interest Rate.
• Processing Fee: 0.50% of the loan amount or BDT 15,000.00 plus VAT whichever is lower.
• No Hidden Charge.
• Easy documentation & quick processing.
• Option for early & partial settlement.
• Partial Settlement Fee: @0.25% but maximum BDT 10,000/- plus VAT.
• Early Settlement Fee: @0.50% on outstanding amount plus VAT.

Eligibility of the Student:

• Already admitted/ applied/ planned to admit into recognized College/ University/ Educational Institution in abroad.
• SSC/ HSC or equivalent qualification with required result for admission.
• Offer letter/ Application/ Invitation Letter (if available).
• Valid Passport.
• Maximum 40 (forty) years at the time of maturity of the loan.

Eligibility of the Applicant:

• The applicant should be Bangladeshi individual (supported by NID) who has means and capacity to repay the loan.
• The applicant should have a fixed sources of income.
• Applicant should be Parents/ Guardian.
• Minimum 21 years and maximum 60 (Sixty) years at the time of maturity of the loan (without collateral security), 65 (Sixty Five) years at the time of maturity of the loan (with collateral security).
• In case of joint application, minimum 01 applicant should be within age limit.

Required Documents:

• Copy of National ID of Applicant & Guarantor.
• Copy of Passport of the Student (where applicable/ available).
• 2 Copies of recent lab printed passport size photograph of Applicant, Student and Guarantor.
• Up to date Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgment Receipt of the applicant (if applicable as per govt. circular).
• For salaried person, letter of introduction & salary certificate from competent authority.
• Bank statements of at least 06 months of the Applicant.
• For businessman, valid trade license, income statement and other papers of firm/ company with financial reports.
• Personal Net Worth Statement of the Applicant.
• Offer Letter/ Application/ Invitation Letter from foreign educational institution (where applicable).
• Study plan with budget i.e. information regarding tuition fees and living expenses etc.
• Photocopy of all relevant educational certificates & transcripts including IELTS & TOEFL (if any).
• Photocopy of VISA (if available).

Security:

• Personal Guarantee(s).
• Authorization for debiting client's deposit account for collection of EMI.
• Required No's of fully prepared post dated & valid signed MICR cheques with Memorandum of Deposit of cheques.
• Collateral/ Appropriate security (if applicable).

Please contact your nearest PB PLC. Branch/ Sub-Branch/ IBW countrywide, or directly contact Tel.02-223381614 Ext. 380, 490, 47118710, 47118827; IP +88 09666821816 or e-mail us at retail@pubalibankbd.com