The Hindu : Andhra Pradesh News : Edu loan

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Saturday, Oct 04, 2008
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Andhra Pradesh

Andhra Pradesh

Edu loan - UBI

Union Bank of India are Extending Educational loans for needy students.

For pursuing higher education in professional courses like Engineering, Medical, Dental etc., and Post Graduation courses, courses conducted by IIM, IIT, NIFT etc in India.

For pursuing job oriented professional/technical courses offered by reputed universities, MCA, MS, MBA at abroad

Special scheme for providing educational loans to the students of IITs, NIFT etc

Loan amount upto Rs.10.00 lacs for studies in India & upto Rs.20.00 lacs for studies abroad

Margin 5% on inland education loans beyond Rs.4.00 lacs and 15% for abroad educational loans.

Repayment period of 5 to 7 years after completion of course

1% interest concession (after completion of education) if interest is paid by the parents from time to time during the education period

No processing charges

Rate of interest depending on the loan amount

0.5% reduction in rate of interest for girl students

Hassle-free sanction of loans at branch level

Exclusive Branch for sanction of Educational Loans in Vijayawada.

For details contact your nearest Union Bank of India branch.

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