Education Loan Interest Rate 2023 | Top 11 Bank Compare in BD

This time I will discuss Education Loan Interest Rate. Several banks are giving loans for higher education in the country. This is a piece of good news for the students.

Some Private banks offer long-term loans for students in simple terms. For your convenience, some lending institutions have provided details of the loan terms, interest rates, contact details for borrowing.

Education Loan Interest Rate
Education Loan Interest Rate

Education Loan Interest Rate

Some banks call it a carrier loan, and some banks call it a direct student loan or education loan. This type of loan is usually provided to parents or direct students as well.

However, in this case, the parent or the student is required to accept certain conditions of the lending institution.

Bank NameMax LoanMax DurationInterest
Mercantail Bank20 Lakh6 years 12.25%
Eastern Bank25 Lakh5 years 12%
NCC Bank10 Lakh5 years15%
UCB Bank10 Lakh5 years13.5%
NRB Bank5 Lakh3 years14%
One Bank20 Lakh5 years10.99%
Uttara Bank3 Lakh5 years12%
Standard Chartered10 Lakh 10 year
City Bank
IFIC Bank8 Lakh4 years11.5%
Prime bank10 Lakh5 years12.5%

Mercantail Bank Education Loan Rate

Education Loan may be availed by any student of Bangladeshi National with an excellent educational track record to provide financial assistance for further educational purposes like a study abroad or within the country.

  • Purpose: To pursue higher studies for undergraduate courses (general/technical) at home and post-graduate courses at home and abroad.
  • Loan Limit: Maximum Tk.5.00 lac for studies in Bangladesh & Max. Tk.20.00 lac for studies in abroad.
  • Tenure: Minimum 01 year & maximum 06 years with 3 months moratorium depending on the nature of courses.
  • Age Limit: 18-26 years.
  • Interest Rate: Competitive Interest Rate

Customer Segment

  • Holds excellent results in SSC/HSC/O-level/A-level or equivalent from any recognized educational institution at home or abroad for pursuing an undergraduate course at the home.

Expenses Considered for Loan

  • Fees payable to University/College/Hostel
  • Purchase of books/ equipments/ instruments/ uniforms
  • Travel expenses/ passages money for studies abroad
  • Purchase of computers – essential for completion of the course
  • Boarding and lodging expenses in recognized boarding houses/ private accommodations

Required Documents

  • Bio-Data of the applicant with the guardian
  • Personal net-worth of the guardian
  • Salary certificate from employer both the applicant & guardian if any
  • Copies of financial requirements to pursue the course duly issued by the competent authority of the concerned educational institution
  • Profile of the selected educational institution
  • NOC of the employer to pursue the study
  • Photocopy of valid Bangladeshi passport of the applicant in case of studies in abroad
  • Open student file with MBL

Eastern Bank Education Loan

Eastern Bank
Eastern Bank

To become the most valuable brand in the financial services in Bangladesh creating long-lasting value for these bank stakeholders and above all for the community, we operate in by transforming the way we do business and by delivering sustainable growth.

EduLoan Unsecured – Education Loan without Security Deposit

  • EMI based loan facility
  • Loan amount: BDT 100,000 to BDT 20, 00,000
  • Processing fee – 1% of the loan amount
  • Repayment tenure: 12 – 60 months
  • Advance / partial pre-payment is allowed
  • Competitive Interest Rate
  • Student file services available

EduLoan Secured – Education Loan with Security Deposit

  • EMI based loan facility
  • Loan amount minimum BDT 100,000 to maximum BDT 25,00,000 or 90% of the security deposit (EBL FD)
  • Processing fee – 1% of the loan amount (minimum BDT 2,000 or maximum BDT 10,000)
  • Repayment tenure: 12 – 60 months
  • Advance / partial pre-payment is allowed
  • Within same-day processing
  • No personal guarantee required
  • Student file services available
  • Joint applicant possible, provided he/she is a co-applicant of the security.

NCC Bank Education Loan

Here are your NCC Bank education loan details. You should think more about where your child should study than your financial constraints.

To help your child to make understand his/her true academic potential, come to NCC Bank for our Education Loan, to ensure a better higher education for your child.

Eligibility of the applicant

  • Any Bangladeshi bonafide student, after successful completion of at least H.S.C
  • Complied all preconditions for getting admission and visa formalities.
  • Have no bad reputation e.g. Criminal Record, Political connection, etc.

Required Documents

  • Completion of A/C opening formalities including Letter of Introduction.
  • Letter of Authorization from the Student for whom the Loan will be availed.
  • Copies of National ID Card & TIN of Borrower, Student, and Guarantor (if available).
  • Salary/ Income Certificate stating net earning.
  • Copy of Passport with valid visa of the student, where applicable.
  • Copies of Certificate of Education of the student.
  • Any other documents that are prudently felt necessary.

UCB Bank Education Loan Interest Rate

UCB Bank
UCB Bank

United Commercial Bank (UCB) is the most popular bank. Here you get education loan all information.

  • Minimum Service length: For the salaried individual, minimum service length of 2 years
  • Age Limit: Minimum 20 years Maximum age 65 years.
  • Maximum Term of Loan: 05 Years
  • Service charges: 1% of loan amount + VAT as per govt.regulations
  • Early settlement/Partial Payment: Allowed anytime without any charges

NRB Bank Education Loan Interest Rate

NRB Student Education Loan Scheme is designed to help potential students willing to fulfill their dreams by having higher education in Bangladesh.

Non-residence Bangladeshi (NRB) to leverage the cost of higher education for their child

The loan will be allowed to leverage the cost of higher education of NRB’s Child, only in Bangladesh, that includes Admission fee, Tuition fee, Semester Fees, other fees as stated by Educational Institutions, Living/Lodging.

Key Features

  • Loan Limit: BDT 50,000.00 upto BDT 5,00,000.00
  • Repayment Tenure: 12 months – 36 months
  • Rate of Interest: 14% p.a.

One Bank Education Loan Interest Rate

One Bank
One Bank

OBL Student Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in the home and abroad.

As you embark on your overseas education, we at ONE Bank would be glad to help you fulfill your aspirations with our Student Loan.


  • Loan amount ranges from BDT 50,000/- to BDT 20,00,000/-
  • Loan tenure up to 60 months
  • Interest rate is 10.99%
  • Minimal documentation


  • Any creditworthy Bangladeshi Parents/Guardian of the students having age from 21 to 65 years or retirement age whichever is earlier at loan maturity

Professional Experience

  • Regular/Permanent employee with minimum 1 year of total experience and minimum 6 months’ with present employer
  • Business Individuals: Minimum 2 years of business establishment
  • Professionals: Minimum 2 years of practice in the respective profession

Minimum Gross Monthly Income:

  • Salaried: BDT 25,000/-
  • Professionals/Landlord/Lady/Business Individuals: BDT 50,000/-

Uttara Bank Education Loan Interest Rate


  • Age: Minimum age 25 years Maximum age 60 years (At the end of Loan Tenor).
  • For a permanent and confirmed salaried person, minimum three (3) years experience with 1-year employment in the present organization.
  • Minimum Yearly income: At least three times of the total yearly installments amount of applied loan.
  • The borrower must reside for at least 6 months in the same address.

Documents Requirement

  • Recent Passport size photographs of the applicant(s) and guarantor (s).
  • Photocopy of NID/Passport of applicant (s) and guarantor (s)
  • Latest Utility Bill (Gas/Water/Electricity)
  • Study plan with a budget.
  • Business Card/Office ID of the applicant (s) and guarantor (s), if any.
  • Latest Tax Certificate / E-TIN
  • Personal Net Worth statements of the applicant (s) and guarantor (s).
  • Bank Statement of the last 12 months for businessmen and 6 months for others.
  • Rent or Lease agreement of house/property (if applicable)
  • Salary Certificate / Letter of Introduction.
  • Professional Certificate issued by the concerned Institution.

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