2023 2024 EduVark > Education Discussion > General Discussion


  #2  
February 11th, 2016, 08:46 AM
Super Moderator
 
Join Date: Mar 2012
Re: Union Bank of India Education Loan

Hello as you want here we provides you information about union bank of
Indian ‘s education loan scheme as follows

Purpose of education loan

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 up to 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

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


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