Bangladesh has introduced a revolutionary student loan scheme, which will provide up to Tk 10 lakh (1 million taka) to students wanting to pursue higher education abroad. The Prime Minister issued the directive on March 23, 2026, asking the concerned authorities to disburse these loans through the Ministry of Expatriates’ Welfare and Overseas Employment. This effort is especially directed at students going to countries such as South Korea, Japan, China and Germany, in particular with regard to bank guarantees or solvency requirements.
Key Loan Program Features: Loan Amount & Purpose
- Maximum Amount: Tk 10 lakh (1 million taka)
- No Collateral Required: Students can get loans up to Tk 10 lakh for higher studies abroad without collateral.
The main purpose is to provide bank guarantees or solvency requirements for studying abroad.
Designated Bank: The Probashi Kallyan Bank (Expatriates’ Welfare Bank) has been designated as the body to disburse the funds.
Eligibility Requirements
Who may apply:
1. Student-applicants:
- Any Bangladeshi students who are studying abroad.
- There must be a letter of acceptance of admission from a recognised foreign university or educational institution.
- Age: Generally 18-26 years (same as normal education loan criteria)
- Excellent Academic Record in SSC/HSC/O-level /A-level or equivalent exams from well-recognised colleges/ universities
2. Parent/Guardian Co-Applicants:
- Any Bangladeshi person whose children or dependents are studying abroad
- Minimum monthly income: Tk 30000.
- Age: 18 to 65 years old at loan maturity
Documents Required
Required Application Documents:
Student’s Valid Passport
Admission Offer Letter from the foreign university (Preferred) OR Any genuine document seeking proof of solvency from the educational institution
Photocopy of National ID Card (all verified applicants)
- e-TIN Certificate Photocopy of the Main Applicant
- Educational Certificates of Student (Attested by branch/sub-branch)
- A recent standard-size passport photograph of all the applicants
- Copy of utility bill showing residence address
- Bank account details for loan repayment.
All the documents should be attested by the concerned Manager of the branch/sub-branch.
Application Process
How To: Step by Step
- Step 1: Go to Probashi Kallyan Bank
Go to any Probashi Kallyan Bank branch, the government agency that manages this loan program.
- Step 2: Complete the Application Form
Fill out the student loan application form. Include all required personal and academic details.
- Step 3: Provide Required Documents
Provide all the above mandatory documents duly attested by the branch manager.
- Step 4: Approval by the Minister
The Ministry of Expatriates’ Welfare and Overseas Employment will make the process easier to ensure smooth support.
- Step 5: Disbursal of Loan
If required for bank guarantees or solvency proof, the loan will be directly transferred to the indicated account or institution, once approved.
Terms and Conditions of Loan
What We Know:
- Loan Amount: Up to Tk 10 lakhbd-pratidin+1 Security: No security required for loans up to Tk 10 lakh
- Interest Rate: To be decided by Probashi Kallyan Bank (Not yet declared to the public)
- Term of Repayment: Existing Education Loan Reference. The official announcement is yet to be made
Based on similar education loans from private banks (e.g. NBL Student Loan):
Minimum loan amount: Tk 500,000
- Maximum loan Tk 10 crore (for private banks)
- Repayment tenure: Maximum 1 year for normal loans (longer tenure for education loans)
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Notes Important
- Places Covered:
The program is very encouraging for students going to South Korea, Japan, China and Germany. But it may be extended to other countries by the Ministry of Expatriates’ Welfare.
- Monthly Income Needed:
The monthly income of the Parent/Guardian co-applicant should be a minimum of Tk. 30,000.
- Government assistance:
This loan scheme has been incorporated in the framework of the Probashi Kallyan Foundation Act 2026, which the government has passed to support education abroad.
Conclusion
The directive was issued on March 23, 2026, and the Ministry of Expatriates’ Welfare is working actively to facilitate these loans. Students have to get in touch with the Probashi Kallyan Bank branches for the updated application process and schedule.
For detailed information and updates on the application process, students are advised to visit their nearest Probashi Kallyan Bank branch or contact the Ministry of Expatriates’ Welfare and Overseas Employment.
Summary
Bangladesh’s Prime Minister has directed Probashi Kallyan Bank to provide loans up to Tk 10 lakh for students pursuing higher education abroad. The loan supports bank guarantees or solvency requirements for destinations like South Korea, Japan, China, and Germany. No collateral is required, and the Ministry of Expatriates’ Welfare will facilitate the process.
