NMB Bank Limited has launched a comprehensive education loan scheme designed to make quality education — both in Nepal and abroad — more financially accessible to students and their families. With provisions for full tuition coverage and an extended repayment period of up to 15 years, the loan reinforces the bank’s commitment to nurturing Nepal’s next generation of professionals.
The NMB Education Loan offers flexible, high-value financing tailored for both domestic and international studies, addressing the growing demand for affordable higher education financing in Nepal’s increasingly globalized academic landscape.
High Coverage and Long Tenure
The loan provides up to 70% of the collateral’s fair market value as determined by the bank’s approved valuator, ensuring significant financial support for educational costs.
For international studies, the scheme covers up to 100% of tuition, travel, and accommodation expenses, relieving families of major financial strain. For domestic education, the bank extends full tuition coverage, underscoring its dedication to strengthening Nepal’s educational ecosystem.
Borrowers benefit from a maximum repayment period of 15 years, allowing manageable EMIs (Equated Monthly Installments). In many cases, the bank also offers a moratorium period covering the study duration plus a grace period of up to one year — or even four years under special provisions — ensuring students can begin repayment only after completing their education and securing employment.
Flexible Interest Rates
As per the current financial environment (Bhadra 2082/August 2025), NMB Bank pegs its education loan interest rate to the Nepal Rastra Bank’s Base Rate plus a premium of 2.5% to 4.5%, depending on borrower risk profiles. The bank advises applicants to review its latest published rates before applying, as they are subject to periodic adjustment based on market conditions.
Wide Eligibility and Inclusive Support
The education loan is available to Nepali nationals aged 18–50 years, with a broad acceptance of sponsor income types, including:
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Salaried employees
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Self-employed professionals such as doctors, engineers, and accountants
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Business owners
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Individuals with rental income
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Families supported by remittance income
This inclusive structure enables families from diverse economic backgrounds to invest in higher education with confidence.
Comprehensive Expense Coverage
The NMB Education Loan finances all key educational expenses, including:
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Academic fees: Tuition, examination, library, and laboratory costs
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Logistics and living: Accommodation and travel expenses (especially for students abroad)
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Study materials: Books, instruments, and other required academic equipment
Documentation and Collateral Requirements
Applicants must submit a complete set of verified documents categorized into four sections:
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Identification Documents — Citizenship copies, passport-sized photos, PAN (if applicable), residence map, and a net worth statement.
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Income Verification — Salary certificates, tax records, business registrations, and financial statements depending on the sponsor’s income type.
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Collateral Documents — Land ownership certificate (Lal Purja), trace maps, valuation reports, and land revenue receipts for immovable property offered as security.
The thorough documentation ensures transparency and compliance with regulatory standards, enabling students to access financing smoothly.
Commitment to Academic Empowerment
With this initiative, NMB Bank positions itself as a reliable financial partner for students aspiring to excel academically. By offering robust coverage, flexible repayment, and broad eligibility, the bank bridges the gap between ambition and affordability — empowering Nepali students to pursue higher education globally and contribute to the nation’s human capital development.
