Jamuna Bank Limited

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Age:

• Minimum       18 (Student)     35(Guarantor)
• Maximum       40(Student)     57 (Guarantor)

Pre-qualification:

• The applicant must have (a) Chatro-Bondhu Account (EL-19) or (b) Overseas Student File or (c) Overseas Scholarship/University Acceptance.

Parents/Guardians/Guarantors Qualification:

• Guarantor having sufficient net cash flow to deposit installments regularly. Parent/Guardian/Guarantor who are eligible shall be referred to as Guarantor.

Purpose:

• Student supposed to bear (1) Tuition Fees (2) Living Cost (3) Other Educational Expenses (4) Consultants Fee (5) Visa Processing fees (6) Traveling Cost (7) Document/Other verification Fees (8) Purchase of Educational Equipments/Gadget (9) any other cost not stated above but acceptable to the bank.

Income:

Gross Monthly Income of the Customer/Guarantor should be at least Tk. 30,000/- per month. The Customer/Guarantor must have sufficient net cash flow to repay the loan installments.

Security/ Collateral:

• Mortgage of any tangible asset having forced sale value of at least double the loan amount or Lien on financial asset having value at least equivalent to the loan amount.
• Any other security acceptable to the bank.
• Personal guarantee of the applicant & applicant’s spouse.
• Third party Guarantor shall be equal to or more creditworthy than the principal applicant.