United Bank of India proffer Education Loans
If you desire to pursue higher studies, you can decide on for education loans as of quite a lot of banks in India. Even United Bank of India offer loans intended for the students to get together their educational charge in India as well as abroad. If you desire to be acquainted with more about United Bank of India Education Loans, then scroll down the page.
Eligible courses intended for study in India
readily available are certain courses which be eligible intended for United Bank of India education loan.
- Undergraduate, postgraduate, evening plus professional courses.
- Different certificate courses within computer which is accepted by the Department of Electronics or else institutes authorized by the institution of higher education.
- different professional courses offered by the reputed institutes like IISC, NIFT, IIM, XLRI, IIT and others.
- Candidates who want to pursue courses like CA, CFA, ICWA may apply for United Bank of India student loan.
- Courses so as to are conducted in prestigious overseas universities in India.
- Diploma and degree courses offered by various colleges and universities which are approved by any of the following-AICTE, ICMS, UGC, Govt, AIBMS and others.
Eligible Courses for Studying Abroad
United Bank of India too provides financial help to meritorious students keen to pursue their higher studies in abroad. Undergraduate courses, Postgraduate courses as well as different other courses conducted by CPA in USA and CIMA in London are eligible for the educational loan accessible by United Bank of India.
Expenses Covered by the Education Loan
The loan make available includes the fees owed to colleges or institutions, examination fees plus even hostel charge. It also takes in the cost of purchasing different articles necessary for the completion of the course. The passage money and travel expenses are also built-in in the student loan.
Amount of Loan
Applicant affect for the loan have to be Indian nationals plus have to to secure admission all the way through entrance test otherwise a selection procedure in renowned institutions and institution of higher education. The maximum amount of loan granted for study in India is Rs. 7.5 laces. Students willing to study abroad can get education loan up to Rs.15 laces. There is no margin up to Rs.4 lacs. For a loan amount above Rs 4 laces, 5% and 15% are the margins for Inland studies in addition to studies abroad correspondingly.
Repayment of Education Loan
The period specified for repayment of education loans is five to seven years. The repayment commences moreover six months after one gets employed or one year after the conclusion of the course whichever seems towards be earlier.
Security for Education Loan
Security is required from candidates for
- Up to 4 laces-No security is required
- Loan above Rs.4 laces and up to Rs.5.40 laces- Third party suitable guarantee is necessary.
- Loan above Rs.7.50 laces-collateral security or assurance of third party.
