Overview

Student Support Loan (SSL) is a loan facility offered by Bank’s Consumer Finance under Retail Banking Division for the student to cater their financial needs of respective student’s higher education. Currently a significant number of students are willing to pursue higher degrees in abroad and Bank Asia helps to peruse their dream.

CUSTOMER SEGMENT 

  • Any Bangladeshi student, admitted in respective educational institute after completion of HSC/O-Level/Equivalent
  • Holds acceptable result in SSC/HSC/O-Level/A-Level or equivalent from any recognized educational institute of Bangladesh or abroad (acceptable to the Bank Asia Limited)
  • Father/ Mother/ Guardian may become joint applicant/ guarantor (if necessary)
  • Individual, who have attained VISA (for higher study in abroad)

ELIGIBILITY  

  • Age Limit: Student: 18 – 30 years; Parents/Guardian: 25 – 65 years (at loan maturity)

 

LOAN FEATURES  

  • Loan Amount: Minimum BDT 50,000 /- to Maximum BDT 5,00,000 /- (For study in Bangladesh) & BDT 10,00,000 /- (For study in abroad)
  • No processing fee
  • Repayment tenure minimum 1 year to maximum 9 years (including 4 years grace period) or 5 years except grace period.
  • Payment method: Equal Monthly Installment
  • Competitive interest rate
  • No hidden cost
  • Personal Guarantees

CHARGES AND FEES

  • As per schedule of charges of Bank Asia/ Bangladesh Bank’s/ Regulator’s circulars.