The Light Microfinance Bank educational loans are one of the most important facilities for students to pursue their higher education. Education loans can be availed by students from banks and other financial institutions. The education loans are provided for a wide range of courses, including engineering, medicine, MBA, and, so on.

To secure an education loan with us, the student must have a good academic record as well as the financial capability to repay the loan amount. The light microfinance banks always provide educational loans at nominal interest rates.

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

Educational Loan

Rates

Equity contribution of 10% of the principal
Processing fee of 1% of the principal paid upfront
Interest rate of 3.5% monthly of the principal
Risk premium/Management fee of 20% of interest

Downloadable files

Supporting documentation

Photocopy of Guarantor ID card
Collateral document (if collateral belongs to a third party, a letter of consent is needed)
Undated cheques from guarantor
Account statement

Loan Products

Rent Loan
Can't afford to pay rent at the moment? Seen an apartment you love but can’t meet up with the payment?
Read more
Asset/Property Loans
Light Microfinance Asset/property loan scheme is a finance option specially designed to cater to the needs of businesses and individuals.
Read more
Agricultural Loan
Agricultural loan is geared toward helping farmers make the leap into the world of farming, or taking their existing farm to the next level.
Read more

Analyze the potential of your business and look for opportunities for greater success.

Within 24 hours of your application, we will match you with a loan program that will help you with your financial needs.

Want to know about our offers first?

Subscribe our newsletter