Introduction

Bhutan's First and Only A+ Accredited Institution      Inspiring Education in Bhutan

 

NEED FINANCIAL HELP TO ATTEND COLLEGE??

If you are serious about going to the college and more importantly if you need money to pursue your dream of acquiring a “college degree”, you have an opportunity!!  The Druk Punjab National Bank and Bank of Bhutan provide Education Loan to students for higher education in Bhutan and abroad according to the place of admission. The Scheme aims at providing financial assistance to deserving / meritorious students with an opportunity including undertaking basic education and to the meritorious students to pursue higher, professional and technical education in Bhutan and abroad. Royal Thimphu College can facilitate all the paper works you would require availing the loan you need for your college education.  

 

Druk Punjab National Bank

 

1. Eligibility

• Should be a Bhutanese Citizen. 

• Secured admission to Professional / Technical courses through Entrance Test / Selection process. 

• Secured admission to foreign University / Institutions. 

2. The loan is allowed for the expenses such as fees payable to college, school or hostel. For purchasing Books and other study materials, security deposits and other refundable deposits.

3. The Maximum amount allowed as loan is Nu. 0.40 Million @ 9% rate of interest for studies in Bhutan and Nu. 1.50 Million @ 11% rate of interest for studies abroad.

4. No collateral securities required for a loan up to Nu. 400000.

5. Suitable guarantee, most probably from parents or guardian according to the net worth of such party’s up to Nu. 400000 and a tangible collateral security are required for the loan above Nu. 400000.

6. All loans should be secured by the parent(s)/guardian of the student borrower.

7. Repayment period is 5 years and the repayment starts from one month after disbursement of the loan amount.

8. The documents required for education loan are:

• Completed Education Loan Application Form

• Mark sheets of last qualifying examination

• Proof of admission scholarship

• Schedule if expenses for the specified course

• Copy of the Citizenship Identity Card

• Proof of income of Parents/Guardian

• 2 passport size photographs

Click Here to Download the Application Form 

 

Bank of Bhutan

1. Eligibility

• Should be a Bhutanese Citizen. 

• Secured admission to Professional / Technical courses through Entrance Test / Selection process. 

• Secured admission to foreign University / Institutions. 

• Parents/students/guardians that can provide adequate collaterals and guarantee. 

• Employees with a minimum of 3yrs confirmed service and with guarantee.

2. The loan is allowed for the expenses such as fees payable to college, school or hostel. For purchasing Books and other study materials, security deposits and other refundable deposits. 

3. The Maximum amount allowed as loan is Nu. 3 Lakhs per child @ 9% rate of interest for studies in Bhutan and Nu. 9 Lakhs per child @ 9% rate of interest for studies abroad. Parents can avail Education Loan for 3 Children.

4. Limit - Up to 10 times the net salary incase the loan is not collaterals and guarantee. Employees with a minimum of 3 yrs confirmed service and with guarantee.

5. The Education Loan can be availed against the Parents salary or against collateral securities.

6. All loans should be secured by the fixed assets of the parents/guarantor. In case of employees, guarantee to be provided by the salary disturbing officers or an employee having same or higher grade. Loans to be in the name of the Parent or the Guarantor.

7. Repayment period is maximum 7 years and the repayment starts from one month after disbursement of the loan amount.

8. The documents required for education loan are:

• Completed Education Loan Application Form

• Mark sheets of last qualifying examination

• Proof of admission scholarship (RTC will provide proof after admission is provisionally confirmed)

• Schedule if expenses for the specified course

• Copy of the Citizenship Identity Card

• Proof of income of Parents/Guardian

• 2 passport size photographs

Click Here to Download the Application Form

 

NPPF : Student Loan Scheme

 

1. Purpose:
Provide financial support to needy and deserving students for pursuing higher education/vocational trainings.

2. Eligibility:

Must be a Bhutanese citizen and must have secured admission in institutions recognized by Ministry of Education.

 3. Coverage:

Graduate and higher studies including vocational trainings

 4. Courses:

Commerce, Economics, Accounts, Mass Media/Journalism, Management, Professional Courses and Vocational trainings. Other courses shall be reviewed and added from time to time.

 5. Loan Amount:

Up to a maximum of Nu. 500,000/-. Actual amount shall be determined by the repayment capacity.

 6. Interest Rate:

8 % p.a during grace period & 9 % p.a thereafter.

 7. Loan Term:

15 years after grace period

 8. Documents Required:

 • Student loan application form to be submitted in soft copy

• A copy of Citizenship ID card to be submitted in soft copy

• One passport size photograph

• Admission letter

• Copy of course prospectus and fee structure

• Letter of Guarantee from the Guarantor to be executed in NPPF

• Mark sheets of Xth and XIIth grade with merit certificated if any. Last qualifying certificates for vocational trainings

• Undertaking from the respective Department immediately after employment

• Compulsory loan protection insurance duly signed

 Click Here to Download the Application Form

Noted: For information on the Collateral, Repayment options, Assessment of repayment capacity, Release of loan and Monitoring system, please log on to www.nppf.org.bt