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 Purpose loan provided for
Graduation / post-graduation degrees offered by recongnized universities
Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes
Diploma courses are not covered under Union Education
Loan Amount repayment
Upto 7.50 Lakh 10 years
Above 7.50 Lakh 15 years
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%.
No margin for loans up to Rs. 4.00 lacs
Loan of higher amounts, the margin requirement is 5%.
Tenure Min. - 1 Yrs.
Max. - 10 Yrs.
Min. - 1 Yrs.
Max. - 7 Yrs.
Interest Rate Upto 4.00 lac - 12.25% p.a.

Above Rs. 4.00 lac to Rs. 7.50 lac - 13.00% p.a.
Above Rs 7.50 Lac - 12.25% p.a.
0.50% concession for females
Upto 4.00 lac - 12.25% p.a.

Above Rs. 4.00 lac to Rs. 7.50 lac - 13.00% p.a.
Above Rs 7.50 Lac - 12.25% p.a.
0.50% concession for females
Time to Process Loan 7 days 7 days
 Fees & charges
 Security
 Terms & Conditions
Show All Education Loans

Refine your search
 Select a Bank:
 Select a Category:
 Select Course:
   

Union Bank of India Products
Union Bank of India Credit Cards
Union Bank of India Auto Loans
Union Bank of India Home Loans
Union Bank of India Personal Loans
Union Bank of India Fixed Deposits
Union Bank of India Savings Accounts
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #2
Carnival of Indian Personal Finance Blogs #1
J&K Bank raises PLR
Carnival of Indian Personal Finance Blogs #6