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| COMPARE : EDUCATION LOANS |
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| Introduction |
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| Students who desire to pursue basic/ higher / professional / technical education in India or abroad, UCO bank offers education loan to help them. In India loan is available for students doing plus 2, graduation, post graduation, professional courses, computer certificate courses, etc. and for studies in abroad student can take loan for graduation- job oriented courses / professional / technical offered by reputed Universities, post graduation and courses conducted by CIMA – London, etc. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Graduation : Job oriented professional / technical courses offered by reputed Universities.
Post Graduation : MCA, MBA, MS, etc.
Courses conducted by CIMA – London, CPA in U.S.A., etc. |
Graduation : Job oriented professional / technical courses offered by reputed Universities.
Post Graduation : MCA, MBA, MS, etc.
Courses conducted by CIMA – London, CPA in U.S.A., etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 100000
Max. - Rs 1000000
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| Margin Money |
Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac Studies Abroad - 15%
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Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac Studies in India - 5%
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| Tenure |
Min. - 5 Yrs.
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Min. - 1 Yrs.
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| Interest Rate |
Upto Rs.4 lacs 13.75%
Above Rs.4 lacs 14.50%
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Upto Rs.4 lacs- 13.75% p.a.
Above Rs.4 lacs- 14.50% p.a
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
| Pre-Payment Charges |
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1 % |
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Eligibility Criteria
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Eligibility Criteria
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Study Abroad
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Study Abroad:
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| Age |
Min.: 16 Yrs. Max.: 30 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
No |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Study India
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Study India:
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| Age |
Min.: 16 Yrs. Max.: 30 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Security
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Security |
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Upto Rs.4.00 lacs – No security
Above Rs.4.00 lacs – Collateral securities by way of suitable 3rd party guarantee or tangible security equivalent to loan amount. |
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Terms & Conditions
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Terms & Conditions |
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There will be moratorium for repayment during "the course period +1 year or 6 months after getting job, which ever is earlier".
1% interest concession may be provided, if the interest is serviced during moratorium period. |
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Show All Education Loans
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