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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