United Western Bank Education Loan- Student Loan in India

 

United Western Bank Education Loan Scheme

Eligibility
A candidate should have a good academic record.

Important Documents
Academic records and admission approval.

Amount of Loan 

• Maximum amount of loan that can be granted for study in India: Rs. 7,50,000
• Maximum amount of loan that can be granted for study Overseas: Rs. 15,00,000

Processing period
A fortnight

Rate of Interest 

• For study in India, for an amountupto Rs. 4,00,000: 13%
• If the amountis more than Rs. 4,00,000: 13.5% p.a.
• For study Overseas, for the amount upto Rs. 4,00,000: 13%
• And the amount exceeding Rs. 4,00,000: 13.5% p.a

 
            Collateral and Third party Guarantee required.

 

Tenures
Maximum of 7 years

Repayment
After the completion of the course

 

Also See

Public Sector Banks to offer Insurance linked Education Loans

 

• Student Loans For Studies in India
  
  
• Student Loans for Studies Abroad
  
  
• Eligibility for getting A Student Loan
  
  
• Student Loan Documentation