Top Low Interest rate of Education Loan of December 2021

Education is one of the most significant aspects for everyone as it is linked to a person's life goals and future well-being. It is the process by which a person acquires or communicates basic knowledge and also learns to identify right from wrong, develops everyday life skills, learns social standards, develops judgment and reasoning. 

With the increase in demand and importance of education, the college/university tuition fees have been increasing at an alarming speed making it difficult for students to pay for their educational fees. Due to the high charges of fees, the students are considering the educational loans for all the expenses related to their education. Likewise, there are banks and financial institutions that are offering different types of education loans to the students. An education loan is a form of loan that is used to pay for educational costs. This form of loan is specifically designed to assist students in meeting their educational expenses.

The loan with the lowest education loan rate and terms that are most appropriate for your financial situation is usually the best one for you. Here are the top low-interest education loans of December 2021 that are offered by the banks in Nepal.  The average interest rate of all the banks is taken and calculated.

1. NMB Bank Ltd

If you are willing to get an education loan for your children or oneself this December, NMB Bank Ltd. might be the right choice for you as it offers education loans at the lowest interest rate i.e. 1.70 % in comparison to any other banking institution.

2. Rastriya Banijya Bank

Rastriya Banijya Bank offers education loans at a 3.00 % interest rate as compared to other banking and financial institutions.

3. Everest Bank Ltd

Everest Bank Ltd offers education loans at a 4.00 % interest rate.

4. Agriculture Development Bank Ltd

     Nepal Investment Bank Ltd

     Standard Chartered Bank Nepal Ltd

      Himalayan Bank Ltd

      Nepal SBI Bank Ltd

      Nepal Bangladesh Bank Ltd

       Nepal Bank Ltd

       Laxmi Bank Ltd

       Citizens Bank International Ltd

       Century Commercial Bank Ltd

       Siddhartha Bank Ltd

       Bank of Kathmandu Ltd

       Civil Bank Ltd

        Nepal Credit and Commerce Bank Ltd

        Prabhu Bank Ltd

The above-mentioned banks provide the Education Loan at the interest rate i.e. 5% interest rate.  

5. Sunrise Bank Ltd

     NIC Asia Bank Ltd

     Global IME Bank Ltd

Sunrise Bank, NIC Asia Bank, and Global IME Bank provide the education loan at a 6% interest rate. 

6. Prime Commercial Bank Ltd

Prime Commercial Bank Ltd offers education loans at a 6.99 % interest rate. 

7. Kumari Bank Ltd

    Nabil Bank Ltd

    Sanima Bank Ltd

    Machhapuchhre Bank Ltd

    Mega Bank Nepal Ltd

The above-mentioned banks provide the Education Loan at the interest rate i.e. 7% interest rate.  

You can learn more about Education Loan in Nepal by Clicking here.

Last updated on: December 10, 2021