The Trust Financial Bank Education Loan!
A financial support to your education journey
A type of social product provided as financial support to individual or parents/guardians who want to support their children for General Knowledge Education (GKE) program or for their children to pursue the higher education or to study a technical skill for earning their living.
Features
- Borrow $50,000.00 to $150,000.00
- Payment over 12 to 48 months
- Contribute as low as 20% towards the purchase.
- Competitive pricing and no hidden charges.
Benefits
- Low, competitive interest rates
- Flexible repayment options
- Fast access to your funds
Education Loan____Eligibility
Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for a Education loan.
Education Loan Amortization Schedule
| Year | Opening Balance | EMI*12 | Interest paid yearly | Principal paid yearly | Closing Balance |
|---|---|---|---|---|---|
| 1 | 25,00,000 | 2,28,109 | 1,66,879 | 61,231 | 24,38,769 |
| 2 | 24,38,769 | 2,28,109 | 1,62,615 | 65,494 | 23,73,276 |
| 3 | 23,73,276 | 2,28,109 | 1,58,055 | 70,054 | 23,03,222 |