Student Loan - MTB

home-installment-loan

About Student Loan

MTB Bank offers Student Loans to regular income customers who receive the bank’s Payroll service or withdraw their salary through the bank’s ATM. These customers can apply for the loan to purchase a brand new laptop, desktop, computer, and other related equipment for educational purposes at a low cost for their children.

Down Payment	Loan Amount	Service Charges	Loan Tenor	Interest Rate
20%	70%	1% on Loan Amt	Maximum 1 years	10% to 14.5%

Requirements

NRC
Passport Photo
Household Member List
Ward Recommendation Letter
Products Voucher and Photo

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Salaried Staff

Salary Slip (minimum 3 months)/ Bank Statement (Minimum 6 months)
Employment Confirmation Letter & Staff ID Card
The employee acknowledges not to resign from their job during the loan period and receives an endorsement from a superior officer taking responsibility for the matter.
Monthly loan payments to be deducted from their salary Debit Note Letter.

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