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| COMPARE : EDUCATION LOANS |
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| United Bank of India Education Loan |
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| Introduction |
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| United bank of India will provide an education loan to meet your expenses for higher studies in India and abroad. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Post 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
Post Graduation Courses : Masters and Ph.D.
Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Courses offered in India by reputed foreign Universities.
Evening Courses of approved Institutes.
Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/ Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, 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. - 10 Yrs.
Max. - 15 Yrs.
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Min. - 10 Yrs.
Max. - 15 Yrs.
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| Interest Rate |
Upto 4.00 lac: 12.25%
Above Rs. 4.00 lac: 13.00%
Above 7.5 lacs - 12.25%
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Upto 4.00 lac: 12.25%
Above Rs. 4.00 lac: 13%
Above 7.5 lacs- 12.25%
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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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Upto Rs. 4.00 Lacs : No Security (only co-obligation of parents)
Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh: Third party guarantee along with co-obligation of parents.
Above Rs. 7.50 lacs: Co-obligation of parents together with tangible collateral security of suitable value along with the assignment of future income of student for payment of installments. |
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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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