Education Investment Scheme (EIS)
Special Features:
- To meet up education related expenses like payment of the tuition fees of the College/ University/ Institution, the fees of the hostels, travel expenses, purchase computers/books for completion of the course and other items permissible by Islamic Shariah;
- Maximum investment amounts up to Tk.10.00 lac;
- Flexibility in repayment up to 05 years;
- Competitive profit rate;
- Shortest turn around time in the industry;
- Early settlement (Fully & Partially) is allowed;
- Minimum documentation and formalities;
- No collateral security required;
- No hidden charge;
FAQ (Frequently Asked Questions)
Q. Who are the eligible Customers for Education Investment Scheme?
Q. Who are the eligible Customers for Education Investment Scheme?
- Any Credit worthy salaried person in Government Office, Semi-Government Office/ Autonomous bodies/ Multi National Company(s), Banks/ Insurance/ Financial Institute / Educational Institute & businessman can avail this facility for their Children's higher education.
Q. Which course of studies are eligible for Education Investment Scheme?
Studies in Bangladesh:
Studies in Abroad:
Studies in Bangladesh:
- Graduation / Post Graduation Courses in Bangladeshi Government & Semi-Government Colleges & Universities;
- Profession Courses: Engineering, Medical, Veterinary, Law, Dental, Business Study, Agriculture, Computer, CA, FCA, ICMA etc;
- Courses offered in Bangladesh by reputed Private Accredited Educational Institution.
Studies in Abroad:
- Graduation: For Job Oriented Professional / Technical courses offered by reputed universities;
- Post-Graduation: MCA, MBA, MS, CIMA, Bar-at-Law etc.
Q. Is there any age limit to avail facilities under Education Investment Scheme?
- Yes, Minimum age 25 years and Maximum age 60 years/up to retirement age (For service holder) and 65 years (For Businessman, Professionals & Property Owner), but expiry date of the Investment Facility must not exceed that age.
Q. What is the minimum monthly income to avail the facility?
- Minimum Tk.25,000/-.
Q. What is the maximum investment limit for Education Investment Scheme?
- Studies in Bangladesh: Maximum Tk.5.00 lac;
- Studies in Abroad: Maximum Tk.10.00 lac.
Q. What is Tenor for Education Investment Scheme?
- Maximum 05 years.
Q. What is the profit rate?
- Most competitive profit rate in the industry.
Q. How many guarantors are required?
- Two personal guarantees acceptable to the bank.
Q. What is the application procedure for Education Investment Scheme?
- Applicant have to contact with any Branch of SJIBPLC near to his/her present address.
Q. What are the necessary/required documents for Education Investment Scheme?
- Documents related to income/Profession
- NID, Latest Tax Return Slip/Certificate, Passport Size photographs of the applicants
- guarantors' information with documents.