Education loans from Nepali banks
How education loans work, what collateral banks ask for, and questions to ask before signing.
1 min read🇨🇦 Canada · 🇦🇺 Australia
Many Nepali commercial banks offer loans for study abroad, usually secured against land or a house. Terms vary widely, so compare at least three banks.
Typical requirements
- Offer letter (LOA or CoE) and the fee structure
- Collateral: land/house ownership documents, plus a valuation by the bank's approved valuator
- Citizenship certificates of the borrower and guarantors
- Income evidence of the co-borrower (usually a parent)
- Your academic documents and passport
Questions to ask every bank
- What is the interest rate, and is it fixed or linked to a base rate?
- How much of the property's value will you lend?
- Is there a grace period while I study?
- Can you pay fees directly to the institution, and how fast?
- What are the processing, valuation and early-repayment fees?
- Will you issue a sanction letter in the format the embassy expects?
Start early
Property valuation and approval can take several weeks. Start the process as soon as you have an offer, before you need the sanction letter for your visa.
Official sources
Rules change often. Always confirm with the official source before you submit anything.
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