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May 28th, 2016, 11:20 AM
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Join Date: Mar 2012
Union Bank Of India Education Loan Online Application Form

Will anybody of you please help me here to get the Union Bank Of India Education Loan Application Form so that I can apply easily?

I will help you here to get the Union Bank Of India Education Loan Application Form so that you can fill it easily.

Union Bank Of India Education Loan Application Form




Eligibility for loan
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
PhD 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
PhD courses
Diploma courses abroad are not covered

Loan Margin
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

Security
Upto Rs 4 Lakh
No security is required.

Above Rs 4 Lakh & upto Rs 7.50 Lakh
Suitable third party guarantee acceptable to the bank to be taken.

Above Rs 7.50 Lakh
Tangible collateral security of minimum value equivalent to the loan amount and interest accumulation during course & moratorium period, acceptable to the bank.

Address:-
Union Bank of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021, Maharashtra, India

Phone:-
022-22892000

Last edited by Neelurk; February 12th, 2020 at 10:27 AM.
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