Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

NMB to Provide Education Loans

  1 min 17 sec to read
NMB to Provide Education Loans
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College  signed the Memorandum of Understanding (MoU) on August 12 on this regard. 


According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country. 
Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, "The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student’s excellence, hard work and credibility." "The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank," he added. 
According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is 'A' graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU. 

 

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
niranjan kumar mandal

I want a loan