If you want to pursue higher studies, you can opt for education loans from several banks in India. Even United Bank of India offers loans for the students to meet their educational expenses in India and abroad. If you want to know more about United Bank of India Education Loans, then scroll down the page. 

Eligible courses for study in India

There are certain courses which are eligible for United Bank of India education loan.

• Undergraduate, postgraduate, evening and professional courses.

• Various certificate courses in computer which are approved by the Department of Electronics or institutes certified by the universities.
• Various professional courses offered by the reputed institutes like IISC, NIFT, IIM, XLRI, IIT and others.
• Candidates who want to pursue courses like CA, CFA, ICWA may apply for United Bank of India student loan.
• Courses that are conducted by prestigious foreign universities in India.
• Diploma and degree courses offered by various colleges and universities which are approved by any of the following-AICTE, ICMS, UGC, Govt, AIBMS and others.

Eligible Courses for Studying Abroad

United Bank of India also provides financial assistance to meritorious students willing to pursue their higher studies in abroad. Undergraduate courses, Postgraduate courses and various other courses conducted by CPA in USA and CIMA in London are eligible for the educational loan offered by United Bank of India. 

Expenses Covered by the Education Loan

The loan provided includes the fees payable to colleges or institutions, examination fees and even hostel charges. It also includes the cost of purchasing various articles required for the completion of the course. The passage money and travel expenses are also included in the student loan. 

Amount of Loan

Candidates applying for the loan should be Indian nationals and need to secure admission through entrance test or a selection procedure in renowned institutions and universities. The maximum amount of loan granted for study in India is Rs. 7.5 lacs. Students willing to study abroad can get education loan up to Rs.15 lacs. There is no margin up to Rs.4 lacs. For a loan amount above Rs 4 lakh, 5% and 15% are the margins for Inland studies and studies abroad respectively. 

Repayment of Education Loan

The time given for repayment of education loans is five to seven years. The repayment commences either six months after one gets employed or one year after the completion of the course whichever seems to be earlier. 

Security for Education Loan

Security is required from candidates for

• Up to 4 lacs-No security is required
• Loan above Rs.4 lacs and up to Rs.5.40 lacs- Third party suitable guarantee is required.
• Loan above Rs.7.50 lacs-collateral security or guarantee of third party.

In order to learn more about interest rates and other bank formalities browse through http://www.unitedbankofindia.com/

• Education Loans from UCO Bank
• Syndicate Bank Education Loans
• Punjab and Sind Bank Education Loans
• Indian Overseas Bank Education Loans
• IDBI Bank Education Loans
• HDFC Bank Education Loans
• Andhra Bank online Education Loans
• Education Loans in India

Since its inception in 1943, UCO has offered several kinds of banking services to its customers. Apart from 2000 Service Units across India, it also deals in Foreign Exchange operations. For meritorious students aspiring to pursue studies in India or abroad, the bank also offers education loans. If you want to apply for Education Loans from UCO Bank, you can go through our site and gather relevant information on the same. However, if a student applies for a loan, the parents will be considered as co-borrowers with their dependant ward. 

Courses:

UCO Bank Student Loans can be obtained by students applying for several kinds of academic programs. 

• You can apply for the education loan for school education or even graduate, postgraduate, doctoral or professional programs.
• You can also apply for the loan for studying specialized courses like ICWA, CFA or CA.
• Even for computer certificate courses from recognized institutes, you can take the loan.
• If an applicant plans to study graduate programs including employment-oriented vocational or professional program from recognized universities abroad, he can apply for the loan.
• You can apply for UCO Bank education loan even for courses like MBA, MCA and those of CPA in the US and CIMA-London in abroad.

Eligibility for Loan:

An applicant should be aged between 18 to 25 years if he pursues a graduate course and 21 to 28 years for studying a postgraduate course. There can be slight relaxation in the age limit in both the cases. Only if a candidate gets admission to a vocational or professional program through a selection procedure based on merit or entrance test, he can apply for the loan. You can also apply for the loan if you get admitted to a foreign institute. 

Expenses taken into account:

Education Loans from UCO Bank cover fees for boarding, caution deposit and building fund. Apart from fees for library and examination, it also includes other expenses related to completion of the course. Even travel expenses are taken into account. 

Amount of loan:

UCO Bank sanctions a loan of maximum Rs 7.5 lacs and Rs 15 lacs for studying in India and abroad respectively.

• No security is charged for a loan amount upto Rs 4 lacs. However, a borrower needs to submit collateral securities for a loan amount above Rs 4 lacs.
• There is a margin of 5% and 15% for a loan amount above Rs 4 lacs for studying in India and abroad respectively.

Repayment:

A borrower can repay the loan in 5 to 7 years after he begins repaying. 

For more information on UCO Bank Student Loans, you can go to http://www.ucobank.com/

• United Bank of India Education Loans
• Syndicate Bank Education Loans
• Punjab and Sind Bank Education Loans
• Indian Overseas Bank Education Loans
• IDBI Bank Education Loans
• HDFC Bank Education Loans
• Andhra Bank online Education Loans
• Education Loans in India

If you are planning to pursue higher studies, you can choose from several kinds of education loans in India. Syndicate Bank Education Loans are quite popular among the students. This student loan covered under SyndVidya Loan Scheme is aimed at students willing to pursue basic education as well as advanced academic programs. Under Personal Loan Products, this bank also has other kinds of loans on offer. As the history goes, Syndicate Bank was founded at Udupi, Karnataka in 1925. You can browse through our site to know about SyndVidya Loan Scheme. 

Courses:

• An applicant can apply for Syndicate Bank Education Loans if he wants to study graduate, postgraduate or doctoral programs in India.
• You will also be considered eligible for the loan if you plan to study computer certificate courses of recognized institutes having accreditation to Department of Electronics or affiliation to universities in India.
• An applicant who wants to pursue professional programs in Engineering, Agriculture, Medicine, Veterinary Science, Law, Computer and other streams in India will also be considered eligible.
• Specialized courses such as CFA, ICWA; programs by the likes of IIMs, IISc; Evening programs; diploma courses sanctioned by bodies like UGC, AICTE or government; programs of foreign universities or recognized national institutes in India can all be considered for loan.
• If you plan to study abroad a postgraduate course like MBA or MCA, employment-oriented graduate program by recognized university or one by CPA in the US or CIMA-London in abroad, you can apply too.

Eligibility:

• Any Indian National, who is an adult or a minor student represented by a guardian can apply for the loan.
• The applicant will be considered eligible if he gets admission to a professional or vocational program on the basis of a selection procedure or an entrance test. However, there can be exceptions made in special cases.
• If you plan to study a program from a reputed foreign university abroad, you can also apply.

Amount of Loan, Margin & Security:

The amount of SyndVidya Loan is decided on the basis of the applicant’s requirement. The maximum amount of loan for studying in India is Rs 10 lacs while it is Rs 20 lacs for studying abroad.

• There is no margin on a loan amount upto Rs 4 lacs.
• However on a loan amount above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively.
• If you apply for a loan amount above Rs 4 lacs, you need to submit a 3rd party as a guarantee.
• When the amount exceeds Rs 7.5 lacs, you need to submit a collateral security along with 25% margin that covers the amount of loan. In this case, you also need to assign the future income of the student for paying the installments.

Expenses taken into Consideration:

Several kinds of expenses are covered by Syndicate Bank Education Loans. The college, hostel or school fee and even exam fee is covered by the loan. Other expenses like cost of buying books, travel expenses, cost of essential equipment, caution deposit, building fund and refundable deposit are also taken into account.

Repayment:

You can repay the loan in 5 to 7 years beginning from 6 months after getting a job or 1 year after completing the course, whichever happens earlier.

For knowing the rate of interest and other details of Syndicate Bank’s Education Loan Scheme, you can click on http://syndicatebank.in/

• United Bank of India Education Loans
• Education Loans from UCO Bank
• Punjab and Sind Bank Education Loans
• Indian Overseas Bank Education Loans
• IDBI Bank Education Loans
• HDFC Bank Education Loans
• Andhra Bank online Education Loans
• Education Loans in India

There are several banks which offer education loans in India. Even Punjab and Sind Bank offers education loans for students willing to pursue higher studies in India or abroad. This bank was set up under the aegis of Bhai Vir Singh, Sardar Tarlochan Singh and Sir Sunder Singh Majitha in the year 1908. If you want to avail of Punjab and Sind Bank education loans, then scroll down this page. 

Candidate’s Eligibility

Candidates applying for the education loan need to satisfy certain eligibility criteria as specified by the Punjab and Sind Bank

• Applicants should be Indian Nationals
• Candidates will be considered eligible if they get admission to various courses through entrance examination or a selection process based on merit.

Courses Eligible for Punjab and Sind Bank Education Loans

There are plenty of courses, which are considered eligible for the Punjab and Sind Bank student loan. 

Studies in India

• Various graduation, post graduation and professional courses in the areas of Management, Medicine, Dental Science, Veterinary Science, Agriculture and others. Computer certificate courses offered by renowned institutes approved by the Department of Electronics or certified by the University, are also eligible.
• IIM, XLRI, IIT -courses, evening courses, regular diploma and degree courses as well as courses like CFA, ICWA, CA are eligible for the Punjab and Sind Bank student loan.

Studies Abroad

Job oriented graduation courses, post graduation courses and courses conducted by CPA-USA and CIMA-London. 

Expenses Covered by Punjab and Sind Bank education loans

The education loan offered by Punjab and Sind Bank covers examination fee, tuition fee, expense of educational tours, hostel charges, cost of purchasing books and refundable deposits.

The loan also includes travel expenses and passage money of students traveling abroad. 

Quantum of Finance

A maximum education loan amount of Rs.7.5 lacs and Rs.15 lacs are offered for studies in India and abroad respectively. 

Margin

There is no margin for loan amount up to Rs.4 lacs. For education loans above Rs. 4 lacs, the margin is 5% (studies in India) and 15% (studies abroad) respectively. 

Security

Punjab and Sind Bank demands various kinds of securities for issuing education loans. 
Loans more than Rs.4 lacs- A collateral security 
Loans more than Rs. 7.5 lacs- collateral security or guarantee of third party. 

In order to learn more about Punjab and Sind Bank Education Loans and interest rates browse through http://www.psbindia.com/ 

• United Bank of India Education Loans
• Education Loans from UCO Bank
• Syndicate Bank Education Loans
• Indian Overseas Bank Education Loans
• IDBI Bank Education Loans
• HDFC Bank Education Loans
• Andhra Bank online Education Loans
• Education Loans in India