UCO Bank education loan -get details from UCO Bank and how to approach techniques. Know about Eligibility criteria, education loan interest rates in UCO Bank & documents required.
Also get the full details of maximum study loan amount and courses which are eligible to get a study loan. Full information is given below.,
UCO BANK—EDUCATION LOAN
Purpose :
UCO bank aims in bringing education into the reach of student who is really deserves with good academic performance.
Eligibility criteria for students :
- Students Nationality should be Indian.
- Eligible Age limit for study loan is 18 years.
- Students should have secured admission in any Indian or Abroad university/institution.
Complete Eligibility criteria for getting Education Loan.
Eligible courses for students loan :
a) Courses in India
- U.G courses : In Arts stream courses like BCA.,BA., B.Sc., B.B.M and more.,
- U.G courses : In professional courses like Engineering, Medical, Agriculture, Law, Veterinary, Dental, Aeronautical, pilot training and more.,
- P.G courses : MBA, MCA, M.E, M.Tech. and more.
b) Studies in Abroad
- U.G courses in Abroad : Job based Professional or Technical courses offered by major Abroad Universities.
- P.G courses in Abroad : MS., MCA, MBA and more.,
Age limit for study loan :
- Age limit for graduation is 18 years - 25 years.
- Age limit for Post graduation is 21 years - 28 years.
- Age limit for SC/ST students is 30 years.
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Maximum loan amount :
If you want to study in India : 10,00000
If you want to study in abroad : 20,,00000
UCO Bank Interest rates :
- Education loan amount is Upto 7.5 lakhs: BR + 2.50 % ; Effective Rate + 13%.
- Education loan amount is above 7.5 lakhs : BR +2.25%; ER + 12.75%
Related: Who can use Education Loan?
Documents required :
- All proof details including Address proof, ID proof and DOB proof.
- College admission letter along with a copy of fee structure, mark sheets of School & Degree courses.
- Some passport size photos of both the parent and the student.