HNB GRADUATESHIP EDUCATIONAL & CAREER ADVANCEMENT LOANS SCHEME
A great opportunity for those who are eager to enhance their educational qualifications and career. It’s all a package. Commencing Stage I to start off, Stage II to complement your education and achieve your ultimate goal through Stage III
Stage I :
- To meet school/tuition fees, cost of books, purchase of computers or any other educational needs.
- Loan limit - up to Rs.100, 000/-
- Repayment period – up to 3 years (repayable in equal monthly instalments).
- Security-Two personal guarantors of good standing acceptable to the bank or any other acceptable security.
- Eligibility - The loan will be considered in the names of the parents of the student who,
a) have the repayment capacity,
b) maintain a 'Singithi' Savings A/c on behalf of the student,
c) (c) open a 'Singithi' Savings A/c on behalf of the student in addition to the A/c maintained/opened by them for loan repayment purpose.
- An attractive interest rate
Stage II :
- To meet expenses in connection with professional studies, higher education, etc., either locally or abroad.
- Loan limit – considered on case by case basis.
- Repayment period – up to 5 years (grace period could be considered if necessary).
- Security
-Two personal guarantors of good standing acceptable to the bank or any other acceptable security.
- Mortgage over immovable property for loans above Rs.300,000-
- Eligibility - a) If the student is under 18 years,
The loan will be considered in the names of the parents of the students who have the repayment capacity,
b) In joint names of the student and a parent who has the repayment capacity if the student is unemployed and is not in receipt of an income.
c) In the name of the student if in receipt of a permanent monthly income sufficient to meet the monthly commitment of the loan.
- An attractive interest rate
Stage III :
- To meet career development expenses.
(Commencement of professional practice, training needs, enhancement of professional qualification, etc.)
- Loan limit – considered on case by case basis.
- Repayment period – up to 5 years (grace period could be considered if necessary).
- Security - - Two personal guarantors of good standing acceptable to the bank or any other acceptable security
- Mortgage over immovable property for loans above Rs.300,000-
- Eligibility
- Applicants should have regular income from permanent employment OR substantial income from professional practice / other sources, to meet the monthly commitment.
- An attractive interest rates
In addition arrangements have been made in collaboration with the Chartered Institute of Management Accountants (CIMA) to promote our Graduateship loan Scheme.
The features of this loan scheme are given below
CIMA
- Eligibility
a). Employed CIMA students who have repayment capacity.
b). Parents/Guardians of students in case student is unemployed or does not have the minimum repayment capacity.
- Loan limit – Minimum Rs.25,000- Maximum Rs.300,000-
Loans would be considered in stages depending on the requirement of each examination stage.
Subsequent stages should be disbursed only upon completion of the previous examinations.
- Repayment period – Up to a maximum of 04 years in equated monthly installments.
- Security-Two personal guarantors acceptable to the Bank depending on the Financial standing.
For further information please contact the nearest HNB Customer Centre or please contact,
