Pubali Bank Foreign Education Loan: Your Dream, Our Loan

Studying abroad can be a life-changing experience, but it can also be expensive. If you’re a parent or guardian who wants to help your child achieve their dream of studying abroad, you may communicate to Pubali Bank PLC Foreign Education Loan.

Our Foreign Education Loan is designed to help you finance the cost of your child’s education, including tuition, fees, and living expenses. We offer flexible repayment options and competitive interest rates, so you can choose the loan that best meets your needs.

Pubali Bank Foreign Education Loan Features

• Loan amounts up to TK. 25.00 lac or 80% of the appropriate security value, whichever is lower.
• Flexible 12- to 60-month repayment options.
• Competitive interest rates.
• Moratorium period of up to 3 months.
• No hidden charges.
• Easy documentation and quick processing.
• Option for early and partial settlement.

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Pubali Bank Foreign Education Loan Eligibility

• Applicants must be the parent or first relative of the student who bears the educational expenses.
• Applicants must be Bangladeshi citizens.
• Applicants must have a reliable source of income to repay the loan.
• For loan amounts exceeding Tk. 5.00 lac, applicants must be taxpayers.
• The maximum age of the applicant should not exceed 65 years at the time of maturity of the loan.

Pubali Bank Foreign Education Loan Required Documents

• Copy of National ID of applicant and guarantor, and passport of the student.
• 2 copies of recent passport size photographs of applicant, guarantor, and student.
• Copy of latest income tax clearance certificate/tax return/tax acknowledgement receipt of the applicant (for loan amounts exceeding Tk. 5.00 lac).
• Bank statement of at least 6 months.
• For salaried persons, salary certificate from competent authority.
• For businessmen, valid trade license, income statement, and other papers of firm/company with financial reports.
• Offer letter from foreign educational institution.
• Profile of the selected educational institution.
• Study plan with budget i.e. information on things like living costs and tuition fees.
• Photocopy of all relevant educational certificates & transcripts including IELTS & TOEFL (if any).
• Personal guarantee(s).
• Approval to debit the client’s deposit account in order to collect the EMI.
• Numbers of completely produced, post-dated, genuine, and signed MICR checks are required, along with a Memorandum of Deposit.
• Collateral Security.

How to Apply for Pubali Bank Foreign Education Loan

To apply for a Foreign Education Loan, please visit your nearest Pubali Bank branch and meet with a loan officer. They will be able to help you complete the application process and answer any questions you may have.