Student Loan of Mercantile Bank Limited in Bangladesh

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Every meritorious student can expect a bright future along with dreamy career. But sometimes it goes on the way of difficulties for the weakness of money. Especially in the time of getting higher education, it is seen. But Mercantile Bank Limited in Bangladesh offers to take student loan which may help to achieve the higher education. The loan helps to grow up new wish along with a dreamy career for a student. Along with providing student loan, the bank is trying its best with another facilities like as EMI schedule, tax benefits, post-graduation EMI schedule and a flexible tenure.

Eligibility

A student who is in in Public/Private University can apply for the student loan.

Age

One student must be between 30-18

Qualification

An applicant must achieve good result in SSC/HSC/O-Level/A-Level for equivalent for pursuing undergraduate course in home.

An applicant must achieve good result in SSC/HSC/O-Level/A-Level for pursuing post-graduate courses in home or abroad as well.

Loan Limit

Another consideration subject of Mercantile Bank is about the limitation of loan. In this consideration, the bank considers—–

Maximum 500000 taka for studies in Bangladesh

Maximum 2000000 taka for studies in abroad

Purposes

The bank is considering the purposes of taking the loan from its. The purposes are –

Paying fees to University/College/Hostel

Pay Examination/Library/Laboratory Fee

Purchasing of Books/Equipments/Instruments/Uniforms

Provide Travel Expenses/Passage money for studies abroad

Able to Purchase of Computers – essentials

Able to board and lodge expenses

Any other expense like study tours, project work, thesis, etc.

Loan Moratorium period

2 years to maximum 4 years

Repayment System

EMI( Equal Monthly Installments)

Where to apply ?

If you are interested in applying for the loan, you can visit nearby any branch of Mercantile Bank Limited.