Education Loans from UCO Bank
If you desire to apply for Education Loans as of UCO Bank, you can go from side to side our site and gather relevant information on the same. However, if a student applies for a loan, the parents will be considered as co-borrowers with their dependant ward Since its beginning in 1943, UCO have obtainable more than a few kinds of banking services to its customers. To one side as of 2000 Service Units across India, it also deals in Foreign Exchange operations. For commendable students aspiring to pursue studies in India or abroad, the bank also proffer education loans.
Courses:
UCO Bank Student Loans can be obtained by students be relevant for quite a few of academic programs.
- You be able to apply for the education loan intended for school education or even graduate, postgraduate, doctoral or professional programs.
- You be able to as well apply for the loan for studying particular route like ICWA, CFA or CA.
- Even for computer certificate courses from recognized institutes, you can take the loan.
- If a candidate plans to study graduate programs counting employment-oriented vocational or professional program from familiar universities abroad, he can apply for the loan.
- You can apply for UCO Bank education loan even for courses like MBA, MCA and those of CPA in the US and CIMA-London in abroad.
Eligibility for Loan:
An candidate should exist aged between 18 to 25 years if he pursues a graduate course as well as 21 to 28 years for studying a postgraduate course. There can be slight relaxation in the age limit in together the cases. merely if a candidate gets admission to a occupational or professional program through a selection procedure based on merit or entrance test, he can apply for the loan. You can as well apply intended for the loan if you get admitted to a overseas institute.
Expenses taken into account:
Education Loans as of UCO Bank wrap fees intended for boarding, caution deposit as well as building fund. to one side as of fees for library plus examination, it also includes previous expenses related to completion of the course. Even travel charge are engaged into account.
Amount of loan:
UCO Bank sanctions a loan of limit of Rs 7.5 laces and Rs 15 laces for studying in India in addition to abroad respectively.
- No safety is charged for a loan amount awake to Rs 4 laces. on the other hand, a borrower needs to submit collateral securities for a loan amount over Rs 4 laces.
- There is a margin of 5% and 15% for a loan amount above Rs 4 laces for studying in India and abroad correspondingly.
Repayment:
A borrower is able to repay the loan in 5 to 7 years subsequent.
In order to learn more concerning interest rates look through http://www.ucobank.com/
