On May 9, 2026, Tarique Rahman, the present Prime Minister of Bangladesh, took an impactful action to give youth greater empowerment by releasing a 180-day action plan focused on education abroad. One feature of this new plan is to offer language students who are seeking English proficiency educational visas for countries such as the United Kingdom, the United States and Canada, a BDT 10 lakh (Tk 1 million) loan, which is double the amount previously available (BDT 5 lakh).
This increase from BDT 5 lakh to BDT 10 lakh is a result of the rapid growth in demand for IELTS/ TOEFL exam preparation due to a global employment market that favours multilingual skills. Rahman explained, “Students deserve wings, not weights… this loan is providing students with an opportunity to fulfil their dreams and not fall into a debt trap.”
Key Features of the BDT 10 Lakh Student Visa Loan
- Loan Amount Limit: Max Tk 10 Lakhs with 5% simple interest and 5-year repayment after completion of studies.
- Loan Purpose: For paying IELTS / TOEFL Course, Visa Fee, Travel Cost, and Initial Housing Expense.
- Target Group: Must be aged 18-30, pass HSC and have been accepted into a language class.
There is a plan to integrate with the Bangladesh Bank’s current programs with Private Lenders and to have 50,000 loan approvals made within 180 days.
Step-by-Step: How Students Can Apply
The loan application process is now easy with the new Student Visa Loan Portal (https://svlp.gov.bd), which will launch today.
- The application process requires you to register your NID and upload your HSC certificate, which is crucial.
- Then select your language course provider (for example, an organisation that has an affiliation with the British Council).
- To get approved, present your family income history (must be over Tk 20,000 per month), and write a visa intent letter.
- You should receive your pre-approval within 7 days, and the loan disbursement will begin when your visa is issued.
Several banks, including Islami Bank and BRAC, will provide on-site support in Dhaka and Chittagong.
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Why This Matters for Bangladeshi Students
In 2025, 20% of all Bangladeshi students received a UK visa; therefore, this loan will help overcome the financial barriers that exist for many potential students. Experts believe this will ultimately increase the number of Bangladeshi students studying out of the country for language courses and that increased remittances will occur as a direct result.
FAQs
- Who is eligible to receive the BDT 10 lakh loan?
Individuals aged 18 to 30 who completed their HSC with a language course admission and whose family’s monthly income exceeds 20,000 BDT are eligible.
- What documents do I need to provide when applying for the loan?
You will need to submit the following: NID, HSC certificate/marksheet, course admission letter, family income evidence, and passport.
- How quickly will I receive my loan approval?
Loan pre-approval takes 7 days; full disbursement after approval of your visa application.
- Is this loan available for just UK and US visa applications?
No, the loan is available for your study abroad language visa application in any English-speaking Country.
- What are my options if I default on my loan repayment obligations?
You will have a grace period of 6 months from the date you return before entering into payment defaults. The agreement will follow standard bank collection procedures.
Summary: Tarique Rahman’s 180-day plan hikes student visa loans to BDT 10 lakh, simplifying applications for language courses. A game-changer for affordable global education access.
