UCO Bank : Apply Educational Loan Online
Organization : UCO Bank
Facility : Apply For Educational Loan
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Home Page :https://www.ucobank.com/english/home.aspx
Download here :https://www.statusin.in/uploads/2326-education-loan-form.pdf
Apply For Educational Loan :
Scope :
The scheme extends a helping hand to meritorious students desirous of pursuing higher study either in India or abroad.
Related : UCO Bank Check Account Balance Via SMS/ Mobile : www.statusin.in/8342.html
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 Lac – 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