Mega Youth - MY Bank@ Campus Account

Mega Youth- MY Bank@ Campus Account is a Savings deposit account scheme designed especially for college going students across the country.

Features:

Minimum Balance Requirement: NPR 200.00.
Interest Rate: 3.00 % per annum.
Free Checkbook.
Free VISA Debit Card (1st year only).
Free Online Banking Facility.
Free Mobile Banking Facility (1st year only).
Free on demand statement of account.
50% discount on issuance of Demand Drafts/SWIFT transfers.
Education Loan Facility.
The features are outlined as below:

Purpose
To meet Education Loan requirement for pursuing higher education in Nepal or abroad.
Maximum Loan amount
Up to NPR 5,000,000.00
Minimum Loan amount
NPR 500,000.00
Tenor (months)

Minimum: 1 year / 12 months (excluding moratorium period)

Maximum: 15 years/ 180 months (including moratorium period)

Moratorium Period
Maximum of 4 years or duration of course, whichever is earlier
Re-payment method
EMI
Security Type
FAC (Freehold land/building)
Security
Registered Mortgage Charge over FAC
Interest Rate*
10.00 % p.a.
Loan Processing Fee
0.75 % of Loan amount

For further information, please contact:
*Conditions Applied.

Resource Development Department

Mega Bank Nepal Limited

Rising Mall (4th Floor), Kamaladi, Kathmandu

Phone: 977-1-4169204/ 205, Fax- 977-1-4169217

Email: deposit@megabank.com.np