Education Loan by Union Bank of India

Union Bank of India Education LoanUnion Education

Objective & Purpose:
The scheme aims at providing financial assistance on reasonable terms to the poor and needy students to undertake basic education and to meritorious students that they may pursue higher or professional or technical education.

Eligibility:

Student Eligibility

  • Indian citizen
  • Secured admission to the concerned institute in India or abroad through an appropriate selection process and cleared the qualifying examination, if any

Courses Eligibility (Indicative List):

(a.) Studies in India

  • Graduation/Post-Graduation
  • Professional courses
  • Management courses

(b.) Studies Abroad:

  • Graduation: For job-oriented professional or technical courses offered by reputed universities
  • Post-Graduation: MCA, MBA, MS and such other courses
  • Courses conducted by CIMA, London, CPA, USA., and such other institution

Expenses Considerd For Loan:

  • Fee payable to Institute/Hostel.
  • Examination/Library/Laboratory fees
  • Purchase of Books/Equipments/Instruments/Uniforms
  • Caution Deposit, Building Fund/refundable deposit supported by Institution Bills/receipts, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.
  • Travel Expenses/passage money for studies abroad
  • Purchase of computers-essential for completion of the course
  • Insurance premium for the student borrower
  • Any other expense required to complete the course, such as, Study Tours, Project Work, Thesis, etc.

Quantum of Loan:
Need-based finance subject to repayment capacity of the parent or student with margin and upto the following ceilings:

  • For studies in India - Up to Rs. 10 lacs
  • For studies abroad - Up to Rs. 20 lacs

Margin:

  • No margin for loans up to Rs. 4.00 lacs . However, for loan of higher amounts, the margin requirement is 5% for inland studies and 15% for studies abroad.
  • Scholarship/assistance to be included in margin.
  • Margin maybe brought in on pro-rata basis as and when disbursement is made.

Repayment:
Repayment holiday or Moratorium on loan: Course period + 1 year OR 6 months after job placement, whichever is earlier.
Starting from this point, the loan is to be repaid in 5-7 years after completion of course period/moratorium.

Hasbro Games The Game of Life Game
Toy (Hasbro Games)
  • The Game of Life is a classic game of chance
  • Easy to set up and play
  • Choose careers, financial moves and other choices
  • Now with careers chosen by kids
  • Includes game board with spinner, cards, Spin to Win tokens, cars, pegs, money pack and game guide
  • The Game of Life is a classic game of chance
  • Easy to set up and play
  • Choose careers, financial moves and other choices
  • Now with careers chosen by kids
  • Includes gameboard with spinner, cards, Spin to Win tokens, cars, pegs, money pack and game guide
You might also like
Union Bank of India Home loan TVC 1
Union Bank of India Home loan TVC 1
Swati Rajput - Union Bank Of India Tvc - home loan in 5 days
Swati Rajput - Union Bank Of India Tvc - home loan in 5 days
Wallmonkeys Wallmonkeys WM201386 Money Dog Holding Peel and Stick Wall Decals (24 in W x 23 in H)
Home (Wallmonkeys)
  • Highest quality semi-gloss vinyl; Vibrant and bright
  • Pre-cut decals; Simply peel and stick
  • Made in the USA
  • Removable and repositionable with no sticky residue
  • Applies to any smooth surface
EDUCATION LOANS
EDUCATION LOANS
Kushali-Union Bank of India
Kushali-Union Bank of India
Approved Colleges, LLC Financial Basics: Banks
Software (Approved Colleges, LLC)
  • Improve your skills with this online course
  • Short, informative video course that is fully online
  • Visual based instruction with audio component
  • Perfect for job place advancement and training
  • Quiz to test understanding of material
Callystro Infotech Private Limited Fishing Business
Mobile Application (Callystro Infotech Private Limited)
  • Here you learn about some of the important services of Bank.
  • * Different Account Types.
  • * Different account activity.
  • * Loan.
  • * Deposit.
  • * Withdraw.
  • * How to deal with Cheque and Demand draft transactions.
THES Replica New York Banknotes Set
Office Product (THES)
  • Contains seven antiqued reproductions of New York state banknotes
  • Variety of currency printed from 1776-1864.
  • Decorative art style on unique aged parchment
  • Sample does not appear on the document.
Related Posts