Education is the key to success in life. But it can also be expensive, especially if you want to pursue higher studies in Bangladesh or abroad. That’s why you may need an education loan to finance your dreams. But how do you choose the best bank for your education loan? What are the factors you should consider before applying for a loan? And which banks offer the best deals and services for education loans in Bangladesh in 2023?

In this article, we will answer these questions and more. We will compare the top 10 banks for education loans in Bangladesh 2023 based on their loan amount, repayment tenure, interest rate, and other features. We will also provide you with some tips and tricks to make your loan application process easier and faster. By the end of this article, you will have a clear idea of how to choose the best bank for your education loan in Bangladesh 2023

I can help you write a draft article based on the information I found online. Here is what I came up with:

Top 10 Banks for Education Loans in Bangladesh 2023

Education is one of the most important investments for your future. Whether you want to pursue higher studies in Bangladesh or abroad, you may need some financial assistance to cover the expenses. Fortunately, there are many banks in Bangladesh that offer education loans with competitive interest rates and flexible repayment options. Here are the top 10 banks for education loans in Bangladesh in 2023:

1. Eastern Bank Ltd. (EBL)

EBL offers three types of education loan facilities: EduLoan Unsecured, EduLoan Secured, and EduLine. EduLoan Unsecured is a loan without any security deposit, with a loan amount ranging from BDT 100,000 to BDT 20,00,000 and a repayment tenure of 12 to 60 months. EduLoan Secured is a loan with a security deposit of EBL fixed deposit (FD), with a loan amount ranging from BDT 100,000 to BDT 25,00,000 or 90% of the FD and a repayment tenure of 12 to 60 months. EduLine is an overdraft facility with a security deposit of EBL FD, with a loan amount ranging from BDT 100,000 to BDT 25,00,000 or 90% of the FD and interest charged only against utilization. EBL also provides student file services for students going abroad.

2. Mercantile Bank Limited (MBL)

MBL provides education loan for students who want to pursue higher studies for undergraduate or post-graduate courses in home or abroad. The loan amount is maximum BDT 5,00,000 for studies in Bangladesh and a maximum BDT 20,00,000 for studies abroad. The repayment tenure is minimum one year and maximum six years with three months moratorium depending on the nature of the courses. The interest rate is competitive and the student has to have an excellent academic track record and a joint applicant (father/mother/guardian) with a personal net worth.

3. NCC Bank Limited

NCC Bank offers education loan for students who want to study in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 1,00,000 and maximum BDT 10,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum five years including one year grace period. The interest rate is competitive and the student has to have good academic performance and a joint applicant (father/mother/guardian) with sufficient income.

4. Uttara Bank Limited

Uttara Bank has an education loan scheme for students who want to pursue higher studies in Bangladesh or abroad. The loan amount is maximum BDT 3,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum five years including one year grace period. The interest rate is competitive and the student has to have good academic record and a joint applicant (father/mother/guardian) with adequate income.

Read More: How to Get Education Loan in Bangladesh

5. Prime Bank Limited

Prime Bank offers education loan for students who want to study in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 50,000 and maximum BDT 20,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum six years including one year grace period. The interest rate is competitive and the student has to have good academic performance and a joint applicant (father/mother/guardian) with sufficient income.

6. BRAC Bank Limited

BRAC Bank provides education loan for students who want to pursue higher studies in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 50,000 and maximum BDT 15,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum five years including one year grace period. The interest rate is competitive and the student has to have good academic record and a joint applicant (father/mother/guardian) with adequate income.

7. Dutch-Bangla Bank Limited (DBBL)

DBBL offers education loan for students who want to study in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 50,000 and maximum BDT 10,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum five years including one year grace period. The interest rate is competitive and the student has to have good academic performance and a joint applicant (father/mother/guardian) with sufficient income.

8. Bank Asia Limited

Bank Asia provides education loan for students who want to pursue higher studies in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 50,000 and maximum BDT 10,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum five years including one year grace period. The interest rate is competitive and the student has to have good academic record and a joint applicant (father/mother/guardian) with adequate income.

9. Standard Chartered Bank (SCB)

SCB offers education loan for students who want to study in Bangladesh or abroad at any level of education. The loan amount is minimum BDT 1,00,000 and maximum BDT 20,00,000 or 80% of the total cost of education (whichever is lower). The repayment tenure is maximum six years including one year grace period. The interest rate is competitive and the student has to have good academic performance and a joint applicant (father/mother/guardian) with sufficient income.

10. City Bank Limited

Conclusion

choosing the best bank for your education loan in Bangladesh 2023 is not a difficult task if you know what to look for and where to look. You should compare the different banks based on their loan amount, repayment tenure, interest rate, and other features. You should also check the latest terms and conditions of each bank before applying for a loan. And you should follow some tips and tricks to make your loan application process easier and faster. We hope this article helps you find the best bank for your education loan in Bangladesh 2023. Remember, education is an investment that pays off in the long run. So don’t let money stop you from achieving your goals. Apply for an education loan today and make your dreams come true.