Union Bank Of India Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

EDUCATION LOAN FOR PRIMIER HIGHER EDUCATION INSTITUTES OF INDIA, UPTO 30 LACS FOR STUDY IN INDIA
Interest
Rate

Loan limit Interest Rate
Upto 30 Lacs(List A ) 8.2%
Above 12 lacs(List B) 9.85%
Loan Amount &
Security

Secured Unsecured
- Upto 30 Lacs(List A)
7.5-12 lacs Upto 7.5 lacs(List B)
Charges &
Repayment

Processing fees Nil
Repayment period 10-15 years
Moratorium period Study period + 12 months
Eligibility
Criteria

  • Indian Nationals
  • Admission guaranteed
Key Benefits &
Coverage

Margin
  • List A college - Nil
  • List B College:Upto 4 lacs - Nil
  • List B College:4 to 12 lacs - 5%
Course covered
  • Indian Courses - Courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc.
  • Indian Courses - Courses conducted by autonomous institutions like IIT, IIM etc.
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card, 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years/ Form 16
  • Income proof(salary slip)
SECURITY
    ---
  • Assets and liabilities brief statement