Citizens Bank Education Loan: How to Apply Online in Nepal — Step-by-Step (2026)

Citizens Bank Education Loan: How to Apply Online in Nepal — Step-by-Step (2026)'s education loan starts at 9.50% p.a. for Asar 2083 (June 2026). In Nepal a floating loan rate = base rate + a premium; below are the rate, a worked EMI, and what lenders check.

Citizens Bank Education Loan: How to Apply Online in Nepal — Step-by-Step (2026) education loan — rate and how it's priced

Loan	Effective rate (from)	How it's priced
Education	9.50%	9.50% (fixed)
Education	10.00%	10.00% (fixed)

Worked EMI example

On a Rs 25.00 lakh education loan over 10 years at 9.50%, the EMI is about Rs 32,349 per month, with total interest of roughly Rs 13.82 lakh. Compare against the whole market on the loan page and try your own numbers on the EMI calculator.

How the rate is built, and what lenders check

Most Nepali loans are floating: rate = the bank's base rate + a fixed premium, resetting when the base rate moves with NRB policy. Lenders also weigh your income and repayment capacity, the collateral value and loan-to-value (LTV) limit, your credit history, and the tenure. A longer tenure lowers the EMI but raises total interest.

How we sourced these figures

Every rate on this page is taken from each institution's published rate sheet for the Asar 2083 (June 2026) period and cross-checked against Nepal Rastra Bank (NRB) disclosures. We re-verify the numbers each Nepali month, and the comparison table and the figures quoted in the text are generated from the same dataset — so they always agree. You can explore the live, filterable data on the BFIS Compare comparison page.

Related comparisons

• All banks' education loan rates
• Base rates
• EMI calculator

Rates are revised every Nepali month and can change. Figures are for Asar 2083; always confirm the current number on the BFIS Compare comparison page before you apply.

Education Loan at Citizens Bank International: Financing Study in Nepal or Abroad

An education loan from Citizens Bank International is designed to fund tuition, examination fees, living costs, travel, and study materials so that a lack of ready cash never stands between a student and their qualification. As a licensed commercial bank supervised by Nepal Rastra Bank (NRB), Citizens Bank International offers this facility for programmes inside Nepal as well as degrees pursued overseas. The two paths share the same core mechanics but differ in paperwork, foreign-exchange handling, and the size of the borrowing typically required.

Study in Nepal vs study abroad

For a course within Nepal, the process is straightforward: Citizens Bank International assesses the institution, the fee structure, and the co-applicant's repayment capacity, then releases funds in tranches against fee invoices. Studying abroad adds two important steps. First, Citizens Bank International issues a No Objection Certificate (NOC) for the Ministry of Education, confirming the loan and enabling lawful outward remittance. Second, Citizens Bank International arranges the foreign-exchange facility, remitting tuition and living expenses directly to the overseas institution and issuing the currency and travel-related endorsements permitted under NRB's exchange regulations. Because foreign study usually involves larger sums, abroad loans almost always require collateral.

Collateral vs unsecured, moratorium and co-applicant

Smaller loans for domestic courses may be extended on an unsecured basis against the co-applicant's income and a clean credit record. Larger amounts, especially for foreign study, are usually secured by real estate (typically land and building with a clear title) mortgaged to Citizens Bank International. Nepali education loans almost always include a moratorium period (grace period) covering the course duration plus a few months after completion, during which principal repayment is paused so the student can start earning before full EMIs begin. Note that interest usually accrues during this period even when payments are deferred. A co-applicant, generally a parent or guardian with a steady income, is mandatory; they share legal responsibility for repayment. Lending is priced as Citizens Bank International's published Base Rate plus a premium, so your effective rate moves with the Base Rate over the loan's life.

Eligibility & documents

To qualify at Citizens Bank International you will generally need to be a Nepali citizen with confirmed admission to a recognised institution, plus a creditworthy co-applicant. Keep the following ready:

• Completed application form and KYC documents for student and co-applicant (citizenship, photographs, PAN where applicable)
• Admission or offer letter and the institution's official fee schedule
• Academic transcripts and, for abroad study, visa, passport, and language-test results (such as IELTS/TOEFL)
• Co-applicant's income proof: salary slips, tax clearance, or audited business accounts and bank statements
• Collateral papers for secured loans: land ownership certificate, blueprint, tax receipts, and a valuation report
• For foreign study, documents supporting the NOC and foreign-exchange remittance

How to get the best deal

A few habits materially improve your terms and approval odds at Citizens Bank International. Apply early, since NOC and valuation steps take time, especially before an intake deadline. Choose a co-applicant with the strongest, most verifiable income to widen your eligibility. Ask Citizens Bank International to disburse strictly in line with fee-payment dates so interest does not build on idle funds. Confirm whether interest accrues during the moratorium and, if cash allows, service that interest so your post-study EMI stays manageable. Check for prepayment or foreclosure charges before signing, and keep a healthy credit history to negotiate a lower premium over the Base Rate. Finally, borrow only what the course genuinely requires; a smaller principal means lighter EMIs once repayment begins.

Tax and who it suits

Education loans suit families who prefer to preserve savings and fixed deposits rather than liquidate them, and who value structured, staged funding tied to actual fees. Remember that interest earned on any FD or savings you keep as backup is subject to 5% TDS for individuals in Nepal. For disciplined borrowers with a reliable co-applicant and, where needed, adequate collateral, an education loan from Citizens Bank International turns a large one-time cost into predictable monthly instalments while your qualification pays off over time.