|
|
| COMPARE : EDUCATION LOANS |
|
|
|
|
|
|
|
| Introduction |
|
| 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. |
|
|
|
|
| Highlights |
|
| |
Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
The loan is provided for
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. |
The loan is provided for
Graduation courses leading to degrees like B.A., B.Sc., B.Com. etc.
Post Graduate courses leading to Masters degrees as also Ph.D.
Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
Computer Certificate courses of reputed institutes accredited to Universities or DoE.
Courses like ICWA, CA, CFA, etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
|
Min. - Rs 100000
Max. - Rs 1000000
|
| Margin Money |
Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac - 15%
|
Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac - 5%
|
| Tenure |
Min. - 5 Yrs.
Max. - 7 Yrs.
|
Min. - 1 Yrs.
Max. - 7 Yrs.
|
| Interest Rate |
Upto Rs. 7.50 lacs : 12.70%
More than Rs. 7.50 lacs : 12.45
|
Upto Rs. 7.50 lacs : 12.70%
More than Rs. 7.50 lacs : 12.45
|
| Time to Process Loan |
7 days |
7 days |
|
|
 Fees & charges
Fees & charges
|
|
| |
Study Abroad |
Study India |
| Pre-Payment Charges |
|
1 % |
|
|
|
Eligibility Criteria
|
Eligibility Criteria
|
Study Abroad
|
Study Abroad:
|
| Age |
Min.: 18 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 |
| |
Study India
|
Study India:
|
| Age |
Min.: 18 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 |
| |
|
|
|
Security
|
Security |
|
|
Upto Rs.4.00 lacs – No security
Above Rs. 4.00 lacs & upto Rs. 7.50 lacs: Co-obligation of parents, collateral in the form of a suitable 3rd party guarantee
Above Rs. 7.50 lacs : Co-obligation of parents, tangible collateral security equivalent to full value of loan |
|
|
|
Terms & Conditions
|
Terms & Conditions |
|
|
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. |
|
|
|
|
|
|
Show All Education Loans
|
|
|
|
|
|
Twitter