United Bank of India Education Loan Rates

Hello sir, I am from Jaipur and belong to a middle class family. I have a very good academic record. Sir, I want to study in UK to do master’s degree in biotechnology. For it I will have Education Loan from any bank. Can you please provide me a table with interest rate of Union bank of India?

[Shaleen]

United Education Loan Scheme (Floating Rate)
Upto 4.00 lac
BR +2.00% i.e. 12.45% p.a

Above Rs. 4.00 lac
BR + 2.75% i.e. 13.20% p.a


United Superb Education Loan Scheme (Floating rate)
For IITs/IIMs & ISB
BR +.50% i.e. 10.95% p.a

For Others
BR + 2.0% i.e. 12.45% p.a

Hii sir, please provide me the details of the Educational loan Schemes of the united bank of India ?

[sumit]

As you asking for the Educational loan Schemes of the united bank of India

Courses Eligible for Study in India:

Post Graduation Courses : Masters and Ph.D.
Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Courses offered in India by reputed foreign Universities.
Evening Courses of approved Institutes.
Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/ Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, etc.

Courses Eligible for Study Abroad:

Graduation : For job-oriented professional/ technical courses offered by reputed Universities.
Post Graduation : MCA, MBA, MS, etc.
Courses conducted by CIMA - London, CPA in USA etc.
Quantum of Loan:

For study in India : Max. Rs. 10 lac

For study abroad : Max. Rs. 20 lac


Margin

1. For loan upto Rs. 4.00 Lac - Nil

2. For loan above Rs. 4.00 Lac

a) For study in India - 5%

b) For study abroad - 15%

Repayment of Loan:


For loans upto Rs.7.5 Lac- not exceeding 10 years.
For loans above Rs. 7.5 Lac- not exceeding 15 years