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Education Loan

T Bank brings you Education Loans for studies both in Bhutan and abroad to enhance your qualification. Under this facility T Bank provides the scheme as under:

Education Loan for Studies in Bhutan

  • For students studying in private school/colleges/Universities/ Institution in Bhutan.
  • Individuals on self-study

Click here to refer interest rate chart

  • Maximum limit of 30 times the net salary or maximum of Nu 1.00 million
  • Maximum limit of 75% of the collateral value (land and building) but not exceeding Nu.1.00 million.
  • Maximum loan limit will be Nu 1.00 million per student within Bhutan either salary base or collateral base.

Maximum tenor of 5 years.

  • Education loan application form
  • 2 passport size photograph
  • Citizenship identity card copy of children if the child is 15 years and above.
  • Citizenship identity card copy of the applicant.
  • Provisional admission or latest academic admission of the colleges/institutes/universities.
  • Latest progress report of the student.
  • Fees structure.

If the repayment is tie up with salary then the following documents is required:

  • Latest pay slip of the applicant and the guarantor.
  • Citizenship identity card copy of the guarantor.
  • Salary deduction undertaking.

Note: If the applicant has 5 years of service then the guarantor is not required.

The following documents is required on the provision of the collateral -

  • Ownership certificate of the collateral
  • Valid insurance copy of security in case of building
  • Proof of income source to service the loan.
  • Stamped and witness consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
  • Stamped Consent/No Objection letter for family owned land, family tree (household) register issued by Department of Civil Registration and Census, MoHCA (if applicable).
  • Stamped and witness consent letter for extension of charges duly signed by the property owner, if applicable.

 

Education Loan for Studies in India / Third Countries

  • For students studying in private school/colleges/Universities/ Institution in India and third countries.
  • Individuals on self-study

Click here to refer interest rate chart

  • Maximum limit of 30 times the net salary or maximum of Nu 1.00 million.
  • Maximum limit of 75% of the collateral value (land and building) but not exceeding Nu. 3.00 million.
  • Maximum loan limit will be Nu 3.00 million per student in India/ third country base on collateral and Nu 1.00 million based on salary.

Maximum tenor of 5 years.

  • Education loan application form
  • 2 passport size photograph
  • Citizenship identity card copy of children if the child is 15 years and above.
  • Citizenship identity card copy of the applicant.
  • Provisional admission or latest academic admission of the colleges/institutes/universities.
  • Latest progress report of the student.
  • Fees structure.

If the repayment is tie up with salary then the following documents is required:

  • Latest pay slip of the applicant and the guarantor.
  • Citizenship identity card copy of the guarantor.
  • Salary deduction undertaking.

Note: If the applicant has 5 years of service then the guarantor is not required.

The following documents is required on the provision of the collateral -

  • Ownership certificate of the collateral
  • Valid insurance copy of security in case of building
  • Proof of income source to service the loan.
  • Stamped and witness consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
  • Stamped Consent/No Objection letter for family owned land, family tree (household) register issued by Department of Civil Registration and Census, MoHCA (if applicable).
  • Stamped and witness consent letter for extension of charges duly signed by the property owner, if applicable.

Download Application Form

Download Authorization & Undertaking Loan Form

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