| Eligibility : Student
- Applicant must have secured admission to professional/ technical
course through Entrance Test/ Selection Process.
- Secured admission to foreign University / Institution.
- No maximum or minimum income is prescribed for parents/ family.
Courses
a) Studies in India
- School education including plus 2 stage.
- Graduation courses leading to degrees like B.A., B.Sc., B.Com.
etc.
- Post Graduate courses leading to Masters degrees as also Ph.D.
- Professional courses in Engineering, Medical, Agriculture, Veterinary,
Law, Dental, Management, Computer, etc.
- Computer Certificate courses of reputed institutes accredited to
Universities or DoE.
- Courses like ICWA, CA, CFA, etc.
a) 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
- 18 to 25 years for graduation course – may be extended from 28-30
years for general and SC/ST candidates respectively.
- 21 to 28 years for post-graduation course etc. – may be extended
from 30 -33 years for general & SC/ST candidates respectively.
Loan Details
Coverage of Expenses
- Hostel/Boarding Fees including caution deposit/building fund etc.
- Books, Stationery & Equipment required for the course, including
Computers.
- Examination/Library/Laboratory fees.
- Travel Expenses/Passage for studies abroad.
Quantum
- Studies in India : Maximum Rs. 10.00 Lac
- Studies Abroad : Maximum Rs. 20.00 Lac.
Margin
- Upto Rs. 4 Lac - Nil
- For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%
Service Charge : There is no processing fee /upfront /service charge
Security
- Upto Rs. 4 lacs - No Security
- For loans above Rs.4.00 lac -Collateral securities of suitable
value.
Rate of Interest
- For loans upto Rs. 4 lakhs : BPLR minus 1.00%=11.25% p.a.
- For loans above Rs. 4 lakhs : BPLR minus 0.5%=11.75% p.a.
Repayment The loan will be repaid in 5-7 years after
commencement of repayment. There will be moratorium for repayment during
"the course period +1 year or 6 months after getting job, which
ever is earlier".
1% interest concession may be provided, if the interest is serviced
during moratorium period.
Contact Details
Head Office
UCO Bank,
10, B T M Sarani, Kolkata – 700 001 ( West Bengal)
Phone : 033-2234 1756
Fax : 033-2225 4182
Website : visit
UCO Bank Regional Offices |
