The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

Implementing the policy of The President of Turkmenistan Gurbanguly Berdimuhamedov in education, the State Bank of Foreign Economic Affairs of Turkmenistan presents:

Student Loan

Short-term loan for tuition fees in higher education institutions of Turkmenistan and foreign countries

Basic conditions

The amount of loan In acc. with contract
Interest rate 8% per annum
Credit period 1 year
  • Credit is given to pay the training process of full-time (being discontinued) in higher education Turkmenistan and foreign countries
  • Payments on the loan are carried out one-time (annual) or twice- (a semi-annual) payments for each academic year before the start
  • From the second year, each subsequent payment for the subsequent school year is possible after repayment 90% of debt on previous payment for the previous academic year. Also, for the implementation of the subsequent payments from the loan before the start of the next school year student must submit to the Bank the documents confirming the transfer of student for the next school year

List of documents for obtaining a student loan:

The borrower:

  • Application
  • Identity document (the borrower and the loan payer)
  • Passport copy of parents (the original for comparison)
  • Information about the family composition and the place of residence to establish the fact of registration (Form number 3)
  • Certificate of employment (indicating the period of work and the amount of wages)
  • A copy of the work book (certified by the HR department)
  • Guarantee (collateral, guarantee, surety)
  • Reference from the employer

The student:

  • A copy of the student's passport and visa (original for comparison)
  • A copy of the contract between the university and the student
  • Invoice (written out of school)
  • A copy of the student's mark sheets and student ID
  • Documents confirming the entrance (or transfer to the next academic year) of student to university

Contact Information

Loans Department
202, 209

Loan Calculator

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