#UCOBankEducationLoan-StudentLoaninIndia

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UCO Bank Education Loans - Student Loan Apply Online

UCO Bank education loan scheme, Education loan by UCO Bank 

  Eligibility Studies in India Approved courses leading to graduate/post graduate (Masters & PhD. degree and PG Diplomas conducted by recognized colleges/universities, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.). Computer Certificate courses of reputed institutes accredited to DoE. Courses like ICWA, CA, CFA, etc. Studies Abroad Graduation : Job oriented professional / technical courses offered by reputed Universities. Post Graduation : MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in U.S.A., etc.   Age limit For Graduation 28 years for general candidates 30 years for SC/ST candidates For Post Graduation: 30 years for general candidates 33 years for SC/ST candidates   Eligibility The main conditions for eligibility include Student must be an Indian National Secured admission to a higher education course in India or entrance test or selection process after completion of HSC (10 plus 2 or equivalent)   Quantum of loan Studies in India : Maximum Rs. 10.00 Lac Studies Abroad : Maximum Rs. 20.00 Lac   Security Upto Rs. 4.00 lacs– No security, co-obligation of parents Above Rs. 4.00 lacs & upto Rs. 7.50 lacs: Co-obligation of parents, collateral in the form of a suitable 3rd party guarantee Above Rs. 7.50 lacs : Co-obligation of parents, tangible collateral security equivalent to full value of loan   Margin Upto Rs. 4.00 Lakhs : NIL Above Rs. 4 Lac Studies in India - 5% Studies Abroad - 15%   Insurance Group Life Insurance Cover Scheme for Educational Loan Borrowers to cover the outstanding loan in case of accidental or natural death of borrower   Processing Charge There are no processing charges   Disbursement Disbursement in stages as per the requirement directly to institutions.   Processing Charge   Education Loans Spread over Base Rate Effective Rate Upto Rs.7.50 lacs 2.50% 12.20% More than Rs.7.50 lacs 2.25% 11.95% Premier Education Loan Scheme 1.00% 10.70% Vocational Education Loan Scheme 2.50% 12.20%   Upto Rs 7.50 lacs :- Base rate + 2.50% Above Rs.7.50 lacs :- Base Rate + 2.25%   Repayment Period 15 years (180 EMI) for all categories of loan after moratorium period   Repayment holiday / Moratorium Period Course period + 1 year after completion of studies for all categories. For further details, please click here Read the full article

[batexamin]

UCO Bank Education Loans - Student Loan Apply Online

UCO Bank education loan scheme, Education loan by UCO Bank 

  Eligibility Studies in India Approved courses leading to graduate/post graduate (Masters & PhD. degree and PG Diplomas conducted by recognized colleges/universities, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.). Computer Certificate courses of reputed institutes accredited to DoE. Courses like ICWA, CA, CFA, etc. Studies Abroad Graduation : Job oriented professional / technical courses offered by reputed Universities. Post Graduation : MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in U.S.A., etc.   Age limit For Graduation 28 years for general candidates 30 years for SC/ST candidates For Post Graduation: 30 years for general candidates 33 years for SC/ST candidates   Eligibility The main conditions for eligibility include Student must be an Indian National Secured admission to a higher education course in India or entrance test or selection process after completion of HSC (10 plus 2 or equivalent)   Quantum of loan Studies in India : Maximum Rs. 10.00 Lac Studies Abroad : Maximum Rs. 20.00 Lac   Security Upto Rs. 4.00 lacs– No security, co-obligation of parents Above Rs. 4.00 lacs & upto Rs. 7.50 lacs: Co-obligation of parents, collateral in the form of a suitable 3rd party guarantee Above Rs. 7.50 lacs : Co-obligation of parents, tangible collateral security equivalent to full value of loan   Margin Upto Rs. 4.00 Lakhs : NIL Above Rs. 4 Lac Studies in India - 5% Studies Abroad - 15%   Insurance Group Life Insurance Cover Scheme for Educational Loan Borrowers to cover the outstanding loan in case of accidental or natural death of borrower   Processing Charge There are no processing charges   Disbursement Disbursement in stages as per the requirement directly to institutions.   Processing Charge   Education Loans Spread over Base Rate Effective Rate Upto Rs.7.50 lacs 2.50% 12.20% More than Rs.7.50 lacs 2.25% 11.95% Premier Education Loan Scheme 1.00% 10.70% Vocational Education Loan Scheme 2.50% 12.20%   Upto Rs 7.50 lacs :- Base rate + 2.50% Above Rs.7.50 lacs :- Base Rate + 2.25%   Repayment Period 15 years (180 EMI) for all categories of loan after moratorium period   Repayment holiday / Moratorium Period Course period + 1 year after completion of studies for all categories. For further details, please click here Read the full article