This loan is for aspiring students looking for financial assistance to pursue higher education within or outside Bhutan.
The loan is meant to cover the following expenses where applicable:
Quantum of loan will be as follows but not exceeding 100% of the total educational expenses.
Maximum 7 years excluding moratorium period of 6 months.
The loan repayment may commence 6 months after the first disbursal. However, the borrower has the option of commencing repayment earlier or immediately upon disbursal.
The final loan amount will be the total estimated expenses inclusive of tuition fees, overseas student health insurance, one-time travel expense, one-time settlement expense and living expense for 6 months.
Admission/course fees and OSHC shall be directly remitted to the institution/College/University’s account as per the requirement from the institution.
The estimated cost of travel, settlement, and the living expense for 6 months will be released to the applicant’s account.
If the tuition fee is already paid, it shall be considered for determining the quantum of the loan and the amount shall be disbursed directly to the applicant’s account upon submission of money receipt/invoice issued by the concerned Institute/College/University. However, the tuition fee reimbursement shall not be considered for students who have completed the course.
In case the student is already pursuing study, the living expense will be paid up to a maximum of 6 months.
Duly filled in loan application form signed by the applicant
Duly filled in student details form singed by the student.
Copy of valid Citizenship Identity (CID) of the applicant and the student.
Latest passport sized photos of the student and the applicant (2 nos).
Copy of admission letter/offer letter from the institute/college/university.
Cost breakdown of the financing requirement including course fee structure.
Copy of ownership certificate of the property to be pledged as collateral.
Copy of valid insurance policy of the property (if applicable).
Consent letter from the property owner.
Latest passport sized photo of the property owner.
Copy of valid Citizenship Identity (CID) of the property owner.
Proof of repayment source (business license, profit & loss statement, rental, salary slip etc).
Relationship certificate if the applicant is other than the student.