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United Bank of India Education Loan- Student Loan in India

United Bank of India Education Loan


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 approved 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.


The student of Indian national to pursue admission to a professional/technical course through entrance test / merit based selection process either inland or abroad.


Courses conducted by reputed Indian/foreign institutions

Quantum of Loan:

  • For study in India : Max. Rs. 10 Lac
  • For study abroad : Max. Rs. 20 Lac

1.00% interest concession is allowed during moratorium period only, if the interest is serviced monthly & regularly during the moratorium period Margin

For loan upto Rs. 4.00 Lac - Nil

For loan above Rs. 4.00 Lac

For study in India - 5%

For study abroad - 15%

Repayment of Loan: 15 Years

Security :

  • Upto Rs. 7.50 Lac: Co-obligation of parents without any collateral security and third party guarantee.
  • Above Rs. 7.50 Lac: Co-obligation of parents together with tangible collateral security of adequate value to cover the loan amount along with the assignment of future income of student for payment of installments.