UCO Bank Education Loan

UCO Bank Education Loan

Overview: The students who are looking to pursue higher education in India and abroad, UCO Bank offer’s them education loan. As we know UCO Bank is a commercial bank and a Government of India undertaking, gives the loan amount to deserving and meritorious students. To avail the Uco Bank student loan candidate must be Indian citizen and get the admission through entrance test based on merit list.

Features and Benefits: The benefits of UCO Bank education loan are to help meritorious students to fulfill their higher education dreams either in India or abroad.

Rate of Interest: UCO Bank rate of interest are following: • Up to Rs 7.50 lacs MCLR of 1 Year + 2.00%
• Above Rs.7.50 lacs MCLR of 1 Year + 2.40%

Processing Charge: No Processing charges for UCO Bank education loan

Repayment Period:

Loan Amount Repayment Period
Up to Rs.7.50 lacs Up to 10 years
Above Rs.7.50 lacs Up to 15 years

Eligibility for UCO Bank Education Loan: UCO bank loan scheme in India:

Permitted courses well know to post graduate or graduate (PG Diploma and Master & PHD. Degree organize by reputed colleges/universities, Medical, Engineering, Agriculture, Law, Management, Veterinary, Law, Computer, etc ).

Computer Certificate courses form approved and authorized institutions to DoE.

Some of the courses are CA, CFA, ICWA, etc.

Education loan uco bank for Abroad:

  • For Post Graduation: MS, MBA, MCA, etc.
    Courses offered by CIMA - London, CPA in U.S.A., etc.

  • For Graduation: Job oriented technical / professional courses offered by reputed Universities.

Documents required for education loan – Afinoz: To avail the education loan facility from Afinoz, the basic necessities is to qualify loan application. And to qualify it following things are required.

  • The applicant must be Indian resident.

  • The applicant must be Indian resident.

  • NRI (Non – Resident Indian) applicants must have a valid Indian Passport.

  • Loan for college students for the courses in India Management courses, Graduation, Post-Graduation, Technical courses, Diploma programs and other professional courses.

  • Student loans for the courses in abroad – Post Graduation, Graduation, Degree courses and others.

Note: Banks that provide student loans may request more documents and proof.

You are appling for this Bank.

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