EBL Student Loan offer by the authority. Every year they are paying students loan against higher education. They are inviting to apply education loan for higher education in home and abroad. If you are not able to bear education expenses of your child or relative, then you can apply for education loan.

The EBL finance pack offer you education loan for higher education of your child. You can easily apply for education loan by filling their easy terms. Please read their terms and condition before your application.

EBL Student Loan

EBL student loan eligibility

They are offer two types of facility. You can choose any of them. The bank serve the best facility on education pack. Some criteria they are set for applying for this pack. Are you interest to know Education loan in Bangladesh?

  • Applicant must be Bangladeshi.
  • Loan amount expenses only education purpose.
  • Largest amount of loan need personal guaranteed.
  • EMI based Repayment.
  • Student must be pass at least HSC or equivalent.
  • Must have good academic track record.

Education loan without security deposit

  • Facility Type: EMI Based.
  • Loan Amount: 100000 to 20,00,000 BDT.
  • Repayment Duration: 12 to 60 months.
  • They are allowing advance or partial prepayment.
  • Their processing fee is only 1%.
  • Their interest rate is competitive.
  • The bank also provide student file.

Education loan with security deposit

  • Facility Type: EMI Based.
  • Loan Range: 100000 to 2500000 or 90% of security deposit.
  • Only 1% processing fee of the loan amount. (2000 to 10000)
  • Repayment Time Range: 12 month to 60 months. (1 year to 5 years).
  • Advance and partial prepayment is allowing by the authority.
  • Quick processing time. Even they are providing same day processing.
  • You can receive student file from the authority.
  • Their another opportunity is joining application allow.

Credit Facility Against Security Deposit

  • They are offering Overdraft facility.
  • Minimum Loan amount: BDT 100,000.
  • Maximum Loan amount: BDT 25,00,000  or 90% of the security deposit (EBL FD).
  • Interest against utilization only.
  • This Bank Provides same day processing facility.
  • Processing fee – 1% of the loan amount (minimum BDT 2,000 or maximum BDT 10,000).
  • Don’t need personal guarantee.
  • Student File Services available.
  • Joint applicant possible, provided he/she is a co-applicant of the security.

EBL Student Loan Apply

If you meet all the criteria, then apply for the loan. The application system are two types. You can apply manually or online. The Bank provide online application system on their website.

If you want to apply manually, then visit any branch of Eastern Bank limited. Then talk to the concerned person about the loan. After that, collect application form. After that, fill up the form and attach the require document. Then submit it on the branch. They are told you what is the next procedure.

Now we are discussing online application system. Now a day’s application system is developed. Every company start online service. So, this bank also start online service for this loan.

Please click below apply now link if you want to apply online.

Apply Now

When you click apply now link, you can reach an application page. There you can see a quick apply option on the right sight of this page. Click on this link. Now an application form will be open on same window. Here you can below options. It is related to read about NCC Bank Education Loan.

  1. Proffered Branch: Please select your prefer branch from the drop-down menu.
  2. Full Name: Write your full name according to the NID.
  3. NID: Select NID or Passport.
  4. Then write NID or passport number on right side column.
  5. Date of Birth: Write your date of birth according to NID or passport.
  6. Mobile Number: Now write your valid and active mobile number.
  7. Enter Email: Give your valid and active email address.
  8. Profession: Select your occupation such as service, businessmen, students etc.
  9. Income Range: Mention your monthly income range from drop down menu.
  10. After that, please click on the agree box that you find in the bottom of the application form.
  11. Finally, click on submit button and finish the application procedure.

EBL student loan charges

The bank offer the best student loan facility. You can choose their offer. Their processing fee is only 1%. They are offer EMI base loan repayment facility. Their interest rate is competitive.

The authority not mention charges directly. So, you need to talk with them for knowing charge amount. When you apply for loan by online, their representative will connect with you.

It may be a phone call or email. So, please check your email regularly after complete the application. Most of the time they are to call the customer and give him details information. One Bank Student Loan eligibility and other information you can read here.

EBL student loan documents

The bank authorities are asking you for some documents. ‍So, you need to collect these documents. When your application will be guaranteed, they are asked you to submit this document.

Question & Answer:

What types of documents need to submit for EBL education loan?

You need copy of valid passport, NID card, Certificate, Granter Salary certificate, NOC etc. If you require more information than contact with them.

 Where I can find student loan application form?

Visit their any branch for collecting application form. You can also collect it from online. For this reason, visit their official website.

EBL students loan EMI facility available?

Yes, they have 12 months to 60 month EMI facility.

Can I apply for education loan?

Yes, you can if you fill their all criteria.

You can also read below post for comparison loan facility.

Mercantile Bank Education Loan.

Uttara Bank Education Loan Application.

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