Union Bank of India Education Loan

 
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Union Bank of India Education Loan
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About Union Bank of India Education Loan
Here you will find Union Bank of India Education Loan Interest Rates, its Eligibility and Repayment Process.

Union Education

PURPOSE
 
    Basic education
    To pursue graduation / higher education
    To pursue technical / professional / management courses

ELIGIBILITY

    Indian citizen
    Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination, if any
    Courses covered in India
        Graduation / post-graduation / diploma courses from recongnized universities
        Technical / professional / management courses
    Courses covered outside India
        Graduation / post-graduation degrees offered by recongnized universities
        Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes
        Diploma courses abroad are not covered

QUANTUM OF LOAN
 
    For studies in India - maximum upto Rs. 10 Lakhs. The quantum of loan is higher for the institutes covered under Special Education Loan schemes. Please check the Special Offers Tab above for further details.
    For studies outside India- maximum Up to Rs. 20 Lakhs

MARGIN, I.E. YOUR SHARE
 
    For loans upto Rs. 4 Lakhs, no margin is required
    For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India
    Scholarship / assistantship will be included in the margin

MORATORIUM PERIOD
 
The moratorium period is minimum of the following two.

        Course period + 1 year
        Course period + 6 months after commencement of job

REPAYMENT

Quantum of loan  - Maximum repayment tenure (after the course & moratorium period)

Upto Rs 7.50 Lakh  - 10 years
Above  Rs 7.50 Lakh  - 15 years



Click Here for more details.

 
 
Comment/ Reviews on Union Bank of India Education Loan
i have applied education loan vide ref no 269614 on 05 05 2012 for admission in i b s hyderabad can you give status of application
Posted By : nikita gautam, on 13-05-2012 06:49:33 
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i have applied education loan vide ref no 269614 on 05 05 2012 for admission in i b s hyderabad can you give status of application
Posted By : nikita gautam, on 13-05-2012 06:42:46 
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I need about 2,00,000 rupees for study for chartered accountant in india. if i get loan for my further study. please contact me....... Thank you.
Posted By : amar rathod, on 10-05-2012 01:26:07 
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I need about 2,00,000 rupees for study for chartered accountant in india. if i get loan for my further study. please contact me....... Thank you.
Posted By : amar rathod, on 10-05-2012 01:25:20 
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I need about 2,00,000 rupees for study for chartered accountant in india. if i get loan for my further study. please contact me....... Thank you.
Posted By : amar rathod, on 10-05-2012 01:23:52 
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i need educational loan of 500000 for abroad study
Posted By : abhilash choudhary, on 13-04-2012 15:31:47 
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i need educational loan of 500000 for abroad study
Posted By : abhilash choudhary, on 13-04-2012 15:31:21 
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please sanction education loan from the year 2012 upto ending the btech course. Thank u sir, any information please send the details through email
Posted By : velamuri sailesh, on 13-03-2012 10:16:45 
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afaff
Posted By : yashwanth, on 25-01-2012 16:59:06 
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loan
Posted By : SUNIL JADHAV, on 25-01-2012 13:59:57 
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sir, I am doing my phd in computer science at anna university chennai.I am the only one person degree holder in my family.i have one brother and sister.I am from poor family and i have to run my family so only i am doing ph.d but it is very difficulty for me to remit fees for phd degree.I kindy request you to grant me phd loan. regards, N.Legapriyadharsini
Posted By : N.Legapriyadharsini, on 21-01-2012 14:21:48 
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This is Dibya Ranjan Samal,I have completed my Diploma in Cinematography with 1st Division,right now I'm interested to study abroad ( Diploma in Film & Television (Production) Level 5 )and I have already gone through their courses of study,The cost of the total course will be 18,600 New Zealand dollar i.e approximate Rs. 7,60,000.00/-.Plz help me out for this.The courses were going to start on April2012. Thanks & Regards Dibya Ranjan
Posted By : DIBYA RANJAN, on 21-01-2012 12:53:32 
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Respected sir, Iam an engineering student.I have got education loan of 1,70,000 for my B.E.Now i want to study MBA,so i wrote the MAT exam and got 552 marks.SO the college offer me to the admission.The college may require fees of total 6,00,000(for two years) .so i need education loan of 6,00,000,.Is it is possible to get the education loan of full amount sir? Thanking you.
Posted By : u.selvakumar, on 17-01-2012 18:47:54 
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Respected sir, I had applied an educational loan for my Msc HR and Management in UK. Yesterday my CAS and UC letter came ,so that i can apply for the visa. But i was not able to get any info on my loan sanctioning ,am need of knowing the status urgently ,so that it willn't delay my visa process. HOPING FOR THE BEST
Posted By : Anukrishna Raju, on 12-08-2011 12:33:01 
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we are taking interest in below 4 lac. yes then why. no then why.
Posted By : sandeep kumar verma, on 29-07-2011 13:07:56 
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I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply.
Posted By : salman salim khan, on 22-07-2011 15:40:41 
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I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply.
Posted By : salman salim khan, on 22-07-2011 15:40:10 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:39:29 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:39:04 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:38:31 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:36:20 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:35:00 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:32:44 
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Respeted Sir, I want to take educational loan of rs.60000 for my chartered accountancy course.ihave pased cpt exam. and for ipcc course i want this loan.i already have an account in union bank.so plz reply me with answer.waiting fo ur positive reply. salman khan
Posted By : salman salim khan, on 22-07-2011 15:31:44 
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Looking for a loan for SAP - full time
Posted By : Rithin Thomas, on 27-06-2011 17:38:52 
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very nice
Posted By : hemalatha.d, on 18-06-2011 18:27:57 
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Ineed education loan under SSP program for 2yr course in canada. i have scored 6.5 in ielts. I have also secured admission in business management in toronto canada. Pls contact as soon as possible.
Posted By : ritika patel, on 15-06-2011 21:08:45 
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I have applied for Educational Loan for MCA course in Pune My reference No. is 472332 Kindly let me know please the status of the Loan whether it is sanctioned or not My mothers Account with you at Pimpri Branch, Pune..
Posted By : PURANDARE RUTUJA MAHESH, on 07-06-2011 03:30:18 
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I have applied for Educational Loan for MCA course in Pune My reference No. is 472332 Kindly let me know please the status of the Loan whether it is sanctioned or not My mothers Account with you at Pimpri Branch, Pune..
Posted By : PURANDARE RUTUJA MAHESH, on 07-06-2011 03:28:53 
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I have applied for Educational Loan for MCA course in Pune My reference No. is 472332 Kindly let me know please the status of the Loan whether it is sanctioned or not My mothers Account with you at Pimpri Branch, Pune..
Posted By : PURANDARE RUTUJA MAHESH, on 07-06-2011 03:28:15 
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i need to get 5 lakhs of loan for abroad studies. i AM PLANNING FOR ABROAD TO STUDY FOR DIPLOMA COURSES. I WANT TO KNOW ABOUT ALL THE CRITERIA/CONDITIONS FOR DIPLOMAS STUDY LOAN FOR ABROAD.the course is DIPLOMA IN HOTEL&TOURISM MANAGEMENT i got the admission by merit and i need to join on 6th of april 2011.so replay me as soon as possible
Posted By : kavitha, on 25-03-2011 16:03:03 
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I HAVE SECURED ADMISSION IN UK, UNIVERSITY OF WALES. I URGENTLY REQUIRE A LOAN. PLZ CONTCT ME FAST
Posted By : RISHI MUKHERJEE, on 18-02-2011 08:09:23 
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I need a education loan to study in abroad for a 1 yr diploma course in singapore whats the terms and conditions, please clear my query and send a mail as soon as possible. Thank You.
Posted By : Anitha.N, on 14-02-2011 06:31:57 
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