Union Bank Of India Education Loan Application Form

Hello sir as I belong to the medium family and want to do my higher studies from the best College for that want to apply for the Education Loan in the Union Bank Of India so can you please provide me the Application Form of the Education Loan of Union Bank Of India?

Hello sir, here I came for to get application for education loan from Union bank of India. Will you please provide me here Union Bank Of India Education Loan Application Form?

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The Union Bank of India is provides value your dreams and aspirations. This bank is understand the importance of education in fulfilling your dreams, which is why the bank bring to you its Special Eduction Loan Scheme, designed for students at the most prestigious B-schools in India.

Special features of Union bank of India Special Education Loan for MBA students:

Rate of Interest: Floating rate of interest at Base Rate (as of 01/06/2013, Base Rate = 10.25%)

Loan upto Rs.20 Lakh
Repayment tenure of 15 years
No collateral security
No margin


Union Bank Of India Education Loan Application Form





Eligibility:
Candidates should be an Indian national

They need to 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

Quantum:

Type of studies Maximum Quantum
For Inland Studies Rs. 20 lakhs
For Studies Abroad Rs. 30 lakhs

Repayment Tenure:

Moratorium period: Course period + 1 year
Maximum repayment tenure after completion of course / moratorium period is -
15 years irrespective of the quantum of loan