COMPARE : EDUCATION LOANS
Union Bank of India Education Loan
Introduction
Union Bank of India provides education loan for studies whether in India or abroad for graduation, post graduation, for job oriented courses and technical courses. Bank provides loan to needy and poor students so that they can undertake higher professional/ technical education.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Amount Up to Rs. 20 lacs Min. - Rs 50000
Max. - Rs 1000000
Margin Money No margin for loans up to Rs. 4.00 lacs .
For loan of higher amounts, the margin requirement is 15% for studies abroad.
No margin for loans up to Rs. 4.00 lacs
Loan of higher amounts, the margin requirement is 5% for studies in India
Tenure Min. - 5 Yrs.
Min. - 1 Yrs.
Interest Rate Upto Rs. 4.00 Lakhs for male-14.50% for female-14.00%
Above Rs. 4.00 Lakhs and Upto Rs. 7.50 Lakhs for male-15.00% for female- 14.50%
Above Rs. 7.50 Lakhs (Upto Rs. 10.00 lacs for Inland;Upto Rs. 20 lacs for Foreign) for male- 14.25% for female-13.75%
Upto Rs. 4.00 Lakhs for male-14.50% for female-14.00%
Above Rs. 4.00 Lakhs and Upto Rs. 7.50 Lakhs for male-15.00% for female- 14.50%
Above Rs. 7.50 Lakhs (Upto Rs. 10.00 lacs for Inland;Upto Rs. 20 lacs for Foreign) for male- 14.25% for female-13.75%
Time to Process Loan   7 days
 Fees & charges
 Security
 Terms & Conditions
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