| HAMA Merchant and Finance Limited |
| Tripureshwor, Kathmandu, Nepal |
| P.O.Box : 1425 |
| Phone : 4249503,4216482, 016213290 Fax : 4250245 |
| Email : info@hamafinance.com.np |
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 Educational Loan |
 Hama Finance offers educational loans for students aspiring to pursue their studies within the country as well as abroad . Our purpose is to finance under mentioned cost for receiving higher education from recognized College/University/Institute.
- Admission fees/monthly tuition fee/examination fee
- Boarding/lodging expense
- Travelling expenses
- Misc expenses
| Eligibility |
| 1. |
Loanee should be a Nepalese citizen eligible for receiving higher education for which loan is being sanctioned. |
| 2. |
Parents/Guardian of the loanee should have adequate and regular source of income , which should match with EMI. |
| Loan Amount |
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| Study in Nepal |
Upto 7 |
| lacs Study in Saarc Country |
Upto 10 lacs |
| Study in other Country |
Upto 15 lacs |
Interest Rate & Other charges
Upto 6 Years Interest Rate 12-15 %
Procesing Fee 1% of the loan amount (One time charge)
| Security arrangements |
| 1. |
Security of assets should be equivalent to the amount of loan. |
| 2. |
Personal guarantee of either both parents or guardians. |
| 3. |
The Finance Company reserves the right to call for additional registered mortgage over land / building. |
Repayment and Repayment Period
Repayment will be based on EMI (Equal Monthly Installment) depending upon your income and repayment capacity.
| General Conditions |
| 1. |
Loan application form along with other required information can be obtained from our office. |
| 2. |
In case of default in repayment of loan amount, the borrower shall be liable to pay penal interest @ 2 % over and above the applicable rate on the principal amount and interest accrued. |
| 3. |
In case of continuous or total default of three monthly installments, the finance shall have the right to recall the full outstanding. |
| 4. |
Correspondence between college and the loanee should be provided if necessary along with the visa document. |
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