Friday, December 12, 2008

Education Loan from United Bank of India

United Bank of India now at your doorstep to support your pursuit for excellence. Our Educational Loan Scheme has been designed to meet your expenses for higher studies in India and abroad.

You may avail upto Rs. 7.5 Lacs for study in India and upto Rs. 15.00 Lacs for studying abroad. If you are an Indian National and secured an admission to any of the following academic/ professional/ technical courses through Entrance Test/ Selection process in a Board/ Institution/ University.

Courses Eligible for Study in India:

Graduation Courses : B.A., B.Com, B.Sc., etc.

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.

Other Rules :

Expenses covered by the Loan :

Fees payable to College/ School/ Hostel.

Examination/ Library/ Laboratory Fee.

Purchase of Books/ Equipments/ Instruments/ Uniforms.

Caution Deposit/ Building Fund/ Refundable Deposit supported by Institution Bills/ Receipts.

Travel Expenses/ Passage Money for studies abroad.

Purchase of Computers : Essential for completion of the Course.

Any other expenses required to complete the Course like study tours, project work, thesis, etc.

Rate of Interest : Click here to view
Repayment of Loan:

The loan is to be repaid in 5 to 7 years after commencement of repayment. The repayment will commence after a moratorium/ repayment holiday which is Course period plus 1 year or 6 months after getting job whichever is earlier.

Life Insurance Coverage:

To ensure security to student's and borrower's life and against their loan liability and additional loan componant for payment of one-time premium for such insurance coverage my be sanctioned by bank on request from the customer.

For further details contact your nearest branch


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