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: 3.50 % 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