Union Bank of India is one of India’s most prominent government owned banks which was established in the year 1919.

As you want to get info about Union Bank Of India Student Loan for you further study , so on your demand here I am providing same

Union Bank of India students loan is designed for all individuals who wish to pursue basic education, graduation / higher education or any technical / professional / management course by recognized institutions in India or overseas.

Document require for loan
Proof of identity – Passport, PAN Card, Employee Identity card or any other valid proof
Proof of address - Electricity bill, Telephone bill, Ration card or any other valid proof.
PAN Card
Bank statement for the last 12 months
Admission documents, Admission Letter, Admit Card.
Schedule of expenses including the fee structure and living expenses.
Mark sheets for Class X or equivalent onwards.
3 photographs
Proof of any out-goes
Loan repayment statement (If any)
LIC Policies (If any)
Any other document asked for in the application form
Proof of Income:
Salaried Individuals - Last one year’s Income Tax Returns, Form-16 / letter from employer, salary slips for the last 6 months.
Business Owners – Income Tax Returns for the last 3 years, Profit & Loss Balance Sheet.
Agriculturists – Income Certificate from concerned revenue officer (Tahsildar) or/and proof of land holding.


Loan Quantum

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, the margin is nil Fo

For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India

Moratorium Period

The moratorium period is minimum of the following two.

Course period + 1 year

Course period + 6 months after commencement of job

Repayment

Repayment period of up to 7 years after moratorium period