Education Loan (disbursed to parents/guardian) by AB Bank

Name

Education Loan (disbursed to parents/guardian)

Description
To assist Parents/guardians for Admission/Education Fees, Semester Fees, Study abroad for their children/wards
Loan Amount
Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- (upto Tk.Ten lac covered by tangible security acceptable to the bank)
Tenure
Min 12 months
Max 48 months
Interest Rate
Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher

Rate of Interest 14.50% p.a. – 17.50% p.a.

Conditions
Personal guarantee of spouse/parents only

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