Education Loan Interest Rate in Nepal (Updated) — Lowest to Highest

The education loan interest rate in Nepal varies widely among banks, ranging from low government backed rates to higher commercial rates based on collateral and tenure. This guide provides a complete comparison of the latest education loan rates, helping students and parents identify the most affordable loan options for studies in Nepal or abroad.

Bank-Wise Breakdown of Education Loan Interest Rate in Nepal

Education Loan

Citizens Bank International Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
5.72% - 8.72%
Processing Fee
N.A
Tenure
-
Education Loan

Everest Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
6.75% - 8.75%
Processing Fee
N.A
Tenure
-
Education Loan

Excel Developemnt Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
6.99% - 10.99%
Processing Fee
N.A
Tenure
-
Education Loan

Garima Bikash Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
6.81% - 8.81%
Processing Fee
N.A
Tenure
-
Education Loan

Global IME Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
7.16% - 9.16%
Processing Fee
N.A
Tenure
-
Education Loan

Goodwill Finance Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
7.59% - 11.59%
Processing Fee
N.A
Tenure
-
Education Loan

Green Development Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
7.37% - 11.37%
Processing Fee
N.A
Tenure
-
Education Loan

Himalayan Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
6.16% - 8.16%
Processing Fee
N.A
Tenure
-
Education Loan

Jyoti Bikash Bank LImited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
6.19% - 11.19%
Processing Fee
N.A
Tenure
-
Education Loan

Karnali Development Bank Limited

Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 7
10.26% - 15.26%
Processing Fee
N.A
Tenure
-

Overview of Education Loan Nepal

The education loan interest rate in Nepal varies depending on the bank, collateral, repayment period, and whether the loan is for Nepal or abroad studies. Most commercial banks offer competitive rates designed to support students pursuing higher education, with options ranging from low-interest government-backed loans to flexible private bank schemes. Understanding these rates helps students and parents choose the most affordable financing option. By comparing banks and reviewing features like tenure, EMI structure, and processing fees, borrowers can make smarter decisions and secure education funding with confidence.

Mandatory Documents Required for Education Loan in Nepal

Student Documents

  • Citizenship / Passport
  • Academic certificates
  • Offer letter / I-20 / COE
  • Visa documents (if abroad)

Guardian Documents

  • Citizenship
  • Income source documents
  • Tax clearance

FAQ’S

The interest rate ranges from 5.49% to 13.98%, depending on bank and collateral.

ADBL provides the cheapest loan at 5.49%.

A financial loan offered to students to cover tuition, accommodation, travel, books, and study expenses.

Nabil Bank, Global IME, and Siddhartha Bank are preferred due to foreign payment flexibility

Yes, most banks require collateral; however, some offer partial unsecured loans for highly ranked universities