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| COMPARE : EDUCATION LOANS |
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| United Bank of India Education Loan |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Post Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loan is given to students for pursuing Graduation : For job-oriented professional/ technical courses offered by reputed Universities, Post Graduation : MCA, MBA, MS, etc., Courses conducted by CIMA - London, CPA in USA etc. |
Loan is given to students who want to pursue Graduation Courses : B.A., B.Com, B.Sc., etc., Post Graduation Courses : Masters and Ph.D., Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc., Courses offered in India by reputed foreign Universities, etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Upto Rs 4 lac: Nil
Above Rs. 4.00 lac :15%
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Upto Rs 4 lac: Nil
Above Rs. 4.00 lac : 5%
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| Tenure |
Min. - 5 Yrs.
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Min. - 5 Yrs.
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| Interest Rate |
Upto 4.00 lac - 12.60% p.a.
Above Rs. 4.00 lac - 13.35% p.a.
0.50% interest concession from card rate for Girl Students.
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Upto 4.00 lac - 12.60% p.a.
Above Rs. 4.00 lac- 13.35% p.a.
0.50% interest concession from card rate for Girl Students.
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
| Processing Fee |
0.2 % |
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Security
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Security |
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Up to Rs. 4 lac: No Security (only co-obligation of parents)
Above Rs.4 Lac & upto Rs.7.50 lac: Third pary guarantee.
Above Rs. 7.50 lac: Tangible collateral security |
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Terms & Conditions
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Terms & Conditions |
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The repayment will commence after a moratorium/ repayment holiday which is Course period plus 2 years or 6 months after getting job whichever is earlier.
1.00% interest concession is allowed during morotorium peirod only if the interest is serviced monthly & regularly during the moratorium period. |
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