| Eligibility : Student
- Applicant must be an Indian National and secured an admission to
any of the following academic/ professional/ technical courses through
Entrance Test/ Selection process in a Board/ Institution/ University.
Courses
a) Studies in India
Graduation Courses : B.A., B.Com, B.Sc., etc.
- Post Graduation Courses : Masters and Ph.D.
- Professional Courses : Engineering, Medical, Agriculture, Veterinary,
Law, Dental, Management, Computer, etc.
- Computer Certificate Courses of reputed Institutes accredited to
Dept. of Electronics or Institutes affiliated to University.
- Courses like ICWA, CA, CFA, etc.
- Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
- Courses offered in India by reputed foreign Universities.
- Evening Courses of approved Institutes.
- Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/
Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, etc.
a) Studies abroad
- Graduation : For job-oriented professional/ technical courses offered
by reputed Universities.
- Post Graduation : MCA, MBA, MS, etc.
- Courses conducted by CIMA - London, CPA in USA etc.
Loan Details
Coverage of Expenses
- Fees payable to College/ School/ Hostel.
- Examination/ Library/ Laboratory Fee.
- Purchase of Books/ Equipments/ Instruments/ Uniforms.
- Caution Deposit/ Building Fund/ Refundable Deposit supported by
Institution Bills/ Receipts.
- Travel Expenses/ Passage Money for studies abroad.
- Purchase of Computers : Essential for completion of the Course.
- Any other expenses required to complete the Course like study tours,
project work, thesis, etc.
Quantum
- Studies in India : Maximum Rs. 10 Lac
- Studies Abroad : Maximum Rs. 20 Lac.
Margin
- Upto Rs. 4 Lac - Nil
- For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%
Security
- Upto Rs. 4 lacs - No Security
- Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh- Collateral in the form
of a suitable third party guarantee.
- Above Rs. 7.50 lacs -Collateral of suitable value or suitable third
party guarantee.
Rate of Interest Upto 4.00 lac:BPLR – 1.75% i.e.10.25%
p.a.
Above Rs. 4.00 lac:BPLR – 1.00% i.e.11.00% p.a.
Repayment The loan is to be repaid in 5 to 7 years
after commencement of repayment. The repayment will commence after a
moratorium/ repayment holiday which is Course period plus 1 year or
6 months after getting job whichever is earlier.
Life Insurance Coverage:
To ensure security to student's and borrower's life and against their
loan liability and additional loan componant for payment of one-time premium
for such insurance coverage my be sanctioned by bank on request from the
customer.
Contact Details
Head Office
United Bank of India,
Hemanta Basu Sarani, Kolkata-700 001 ( West Bengal)
Phone : 033-22133172
E-mail : Contact
Now
Website : visit
United Bank of India Regional Offices
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