Features:

• MTB EDU Finance is a secured/unsecured terminating loan (EMI based) and Over Draft (revolving) facilities to
  enable the intending loanees to bear the educational expenses of their sons/ daughters/ relatives or for self- education. This comprises three windows:
  • MTB EDU Finance – Unsecured (as term loan)
  • MTB EDU Finance – Secured (as term loan)
  • MTB EDU Finance– OD (FO) Revolving Loan
• No hidden charges
• Competitive interest rate
• Easy documentation and quick processing
• Option for early settlement

Eligibility:

• Age Minimum 22 and maximum 65 years or retirement date whichever is earlier at the loan maturity
• Experience:
  • Salaried person : 1 year with 6 months permanent employment status
  • Self employed : 1 year of practice in the profession
  • Businessperson : 2 years of involvement in the same nature of business
• Minimum monthly income:
  • Minimum BDT 25,000 for salaried executives
  • Minimum BDT 40,000 for salaried person/Self-employed/Businessperson/Land lord/Land lady/other income individuals

Loan amount

• For MTB EDU Loan – Unsecured:
• Minimum TK. 1,00,000/-.
• Maximum TK. 20,00,000/-

For MTB EDU Loan – Secured Financing (Term Loan & Overdraft)

• Against FDR (Preferably of MTB): 90% of face value
• Against Monthly Benefit Plan (only with MTB): Maximum 80% of the face value
• Against other deposit products (only with MTB): Maximum 90% of the deposit amount

Repayment Tenor

• For EDU Finance Term Loan (Secured/ Unsecured)
• 12 to 60 months

EDU Finance – Overdraft (Revolving)

• 1 (one) year (Renewal)