IFIC Global Scholar: Empowering Your Journey to Higher Education Abroad

 

Bangladesh is currently experiencing a significant demographic dividend. With a vibrant youth population ready to lead, the key to sustainable national development lies in access to world-class higher education.

 

In line with IFIC Bank PLC’s vision of inclusive and sustainable growth, we are proud to introduce IFIC Global Scholar. This specialized retail loan product is meticulously designed to bridge the financial gap for Bangladeshi students aspiring to study overseas. Whether it is tuition fees or living expenses, IFIC Global Scholar provides the flexible financing you need to turn your global dreams into reality.

 

Key Features of IFIC Global Scholar

Our student loan package is built to offer maximum convenience and financial support:

• Comprehensive Financing: Tailored support for higher education in foreign countries.
• Flexible Loan Types: Choose between a Term Loan or an Overdraft (OD) facility.
• High Loan Limits: * Term Loan: Up to BDT 20 lakh (based on collateral value).
  • Secured Overdraft: Up to 90% against your FDR with IFIC Bank PLC.
• Competitive Interest Rates: Affordable repayment options to ease your financial burden.
• Dedicated Student File Service: Enjoy smooth, hassle-free foreign currency transactions for your university payments.
• Transparency: No hidden charges—what you see is what you get.

 

Who Can Apply? (Eligibility Criteria)

To ensure we support genuine aspirants and their families, the following eligibility criteria apply:

• Nationality: Any Bangladeshi individual intending to study abroad.
• Sponsorship: Parents or legal guardians can apply as sponsors for the student.
• Income Requirement: A minimum monthly income of BDT 75,000.
• Profession: Open to salaried employees, business owners, and self-employed professionals.
• Age Limit: Minimum 22 years at application; maximum 65 years at the time of loan maturity.

 

Required Documents for Application

Ready to apply? Keep these documents handy for a quick processing experience:

• Photographs: Recent passport-size photograph(s).
• Identity: Valid National ID (NID) of all applicants.
• Certificates: Copies of all educational certificates of the student.
• University Proof: Offer Letter from a foreign university (if available).
• Financials: e-TIN certificate of the primary applicant and income-related documents.
• Residence: A copy of a recent utility bill.
• Legal: Guardianship certificate (where applicable).

 

Why Choose IFIC Bank for Your Education Loan?

At IFIC Bank, we don't just provide a loan; we provide a gateway to your future. With our extensive network of branches and sub-branches across Bangladesh, we are your "Neighborly Bank"—always reachable and ready to help you navigate the complexities of foreign education financing.

Don't let financial constraints hold back your potential.