EducAID

Helping you pursue your education.

This loan is for aspiring students above the age of 18 looking for financial assistance to pursue higher studies in Australia, Canada, US, UK and other countries abroad.

The loan is meant to cover the following expenses:

  • VISA fees
  • Admission fees
  • Tuition fees
  • Accommodation
  • Living & travel expenses
  • Other expenses
Interest Rate

interest rates depending upon the category.

We offer 2 different rates for 2 EducAID categories.

8.9%

Secured Category Rate

9.9%

Unsecured Category Rate
General Information

if you are availing EducAID, you should know.

Secured EducAID

Nu. 5 Million

Amount equivalent to the requirement mentioned in the VISA requirement letter of the specific country or Nu.5.00 million, whichever is less.

5 Years

Maximum 5 years, with a 3-month moratorium.

Unsecured EducAID

Nu. 3.5 Million

Amount equivalent to the requirement mentioned in the VISA requirement letter of the specific country or Nu.3.50 million, whichever is less.

5 Years

Maximum 5 years, with a 3-month moratorium.

Eligibility

Bhutanese individuals intending to pursue higher studies (diploma/undergraduate and post graduate) and should have obtained an offer letter/ eCOE from the institute/college/university.
Secured EducAID is also available to the Spouse/ Dependent(s) (of the primary applicant who has availed EducAID earlier from BNBL) wishing to undertake studies and are already abroad. Applications may be submitted online, in a manner similar to those applying for a loan under the scheme for Bhutanese Living Abroad.

Requirements

for secured EducAID.

If you are above the age of 18 years or you do not qualify against the criteria listed for unsecured educAID, please apply for a collateral-based loan, for which the following documents should be submitted:

  • Duly filled in loan application form and signed undertaking letter
  • CID Copy & 2 passport sized photos of applicant
  • Copy of offer letter from the institute/college/university and eCOE
  • Cost break-down for VISA requirement
  • Details of unencumbered asset/s to be pledged and undertaking from the owner of the asset

Requirements

for unsecured EducAID.

If you meet the criteria listed above, please submit, along with the documents mentioned against each item above, the following:

  • Duly filled in loan application form and signed undertaking letter
  • CID Copy & 2 passport sized photos of applicant
  • Copy of offer letter from the institute/college/university
  • Cost break-down for VISA requirement
  • Copy of Marriage Certificate
  • Family tree of applicant & spouse