If you want to apply for Educational Loans of United Western Bank, you can approach any branch of Industrial Development Bank of India. Since October 2006, all the branches of United Western Bank Ltd have started functioning as units of IDBI Ltd. 

History of United Western Bank:

As the history goes, United Western Bank was formed by W.G aka Annasaheb Chirmule in 1936. UWB gained the status of a scheduled bank in 1951. Later it saw two mergers, one with Union Bank of Kolhapur and another with Satara Swadeshi Commercial Bank Limited. UWB, later acting as a private sector bank, operated 230 branches in 9 states apart from its Zonal offices at Pune, Mumbai, Kolhapur, Nagpur and Jalgaon. 

Merger of IDBI & UWB:

IDBI was formed as a Development Financial Institution in 1964. Later it became a full-fledged commercial banking company in the name of Industrial Development Bank of India Limited. This bank offers diverse services in corporate banking, agri-products, retail sector and SME Finance.

• The merger of IDBI and UWB came to force on 3rd October in 2006.
• All the UWB branches have been operating as IDBI Ltd branches since then.
• Whether you have deposited your money or availed of any other service of UWB Ltd., you can continue to use your account or the services as IDBI customers.

Thus if you have plans to avail of UWB Education Loans, you can visit any branch of IDBI. To know more about the scheme of IDBI Student Loan, visit http://www.indiaedu.com/

• Educational Loans for Federal Bank Ltd

Federal Bank education loans were launched to provide financial assistance to meritorious students willing to pursue their higher education. The bank offers two types of loans namely Federal Vidya Loan and Federal Special Vidya Loan.

Federal Bank Limited founded by Kulangara Paulo Hormis, started its operations with an authorized capital of Rs. 5000. If you want to know more about Federal Bank Ltd, educational loans, then scroll down the page. 

Candidate’s Eligibility

Candidates applying for Federal Bank student loan should be Indian nationals. Applicants will be considered eligible only if they get admission to various professional or technical courses through merit based selection process or entrance examination. Courses Eligible for Federal Bank Ltd, Educational Loans
There are various undergraduate and postgraduate courses which are eligible for Federal Bank student loan. The courses should be offered by reputed institutions affiliated to universities and government statutory bodies. 

Quantum of Loan

Federal Vidya Loan-The maximum education loan offered under this scheme is Rs.25 lacs. Federal Special Vidya Loan-The maximum education loan offered is Rs.7.5 lacs (Studies in India) and Rs.15 lacs (Studies abroad) respectively. 

Repayment of Federal Bank Ltd, Educational Loan

Federal Vidya Loan-Eleven years is the maximum time period given for the repayment of loan. Federal Special Vidya Loan-Five to seven years of time is given to the candidates for paying back the loan. 

Security

Federal Bank charges various kinds of securities for issuing education loans. 

Federal Vidya Loan-Co-obligant or collateral security is required for the bank to issue the education loan. 

In order to collect more information on Federal Bank Ltd, Educational Loans including its interest rates, browse throughhttp://www.federalbank.co.in/ 

• Educational Loans of United Western Bank