How to take education loan from Union Bank?

Union Bank Education Loan: If you are a student and you Union Bank Education Loan If you want to take then this article is for you. Any student can take a student loan to meet the needs related to his education.

Like other banks and financial institutions, Union Bank also provides education loan to the customers. In this article, we will know in detail what is Union Bank Education Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for Union Bank Student loan, etc., so you can read this article at the end. read till

Union Bank Education Loan in Hindi

The maximum loan tenure of Union Bank Student loan is up to 15 years. The loan amount has also been determined in different ways. Women students are given a discount of up to 0.50% in the Union Bank Education loan Interest Rate. You can also apply for this loan through Vidyalakshmi Education Loan Portal.

If you fulfill all the conditions of Union Bank Education Loan, then the student loan is approved in a very short time.

You are pursuing any type of course, higher studies in India or abroad or to fulfill all your educational needs Union Bank of India Education loan can apply for. Union Bank Education Loan interest rate starts from 8.00% p.a. This interest rate is also different for different student loan schemes.

HIGHLIGHTS:

loan name	union bank education loan 2022
name of lender	Union Bank of India
beneficiary	student
Rate of interest	Starting at 8.00% p.a.
purpose	providing education loan to students
application mode	online / offline
official website	www.unionbankofindia.co.in

Union Bank Education Loan Interest Rate 2022

Before applying for student loan, you need to know about education loan interest rate 2022. Union Bank Education Loan interest rate starts from 8.00% p.a. The bank offers various types of education loans. In all these, the loan interest rate can be different.

Education loan – Study in India/Abroad/NRI students

• Any student who wants to study abroad in India or outside India can take advantage of this loan.
• This education loan The main objective of the scheme is to provide financial help to the meritorious students for pursuing higher/professional/technical education in recognized institution in India and abroad.
• There is no age requirement to apply for the loan.
• The applicant student must compulsorily include his parents as co-applicants.
• If the student is married, then he can also include his wife or mother-in-law and father-in-law as a co-applicant.
• The maximum loan amount under this loan is determined on the basis of the eligibility criteria of the applicant.
• The maximum loan amount for NRI students is Rs.30 lakh.
• All expenses related to education such as fees, living expenses, travel expenses, purchase of equipment etc. Union Bank of India Education loan covered under
• This loan can be taken with a maximum loan tenure of 15 years.

Courses Covered to Study in India:

• Undergraduate/Postgraduate/Diploma courses from recognized universities
• Technical/Professional/Management Courses
• PhD course

Courses Covered for Study Abroad:

• Undergraduate/ Postgraduate degree awarded by recognized universities
• Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes
• PhD course
• Diploma courses abroad are not included

Union Education Loan for ISB Students

• Under this, this loan can be taken for studying under PGPM and Executive Courses at ISB (PGPM & Executive Courses at ISB).
• The student can get a maximum loan amount of up to Rs 41 lakh under this loan scheme.
• Applicant will have to give parents or spouse as co-applicant or guarantor.
• The student can take this Union Bank Education Loan to meet his fees, tuition fees, purchase of books, equipment expenses, living expenses etc.
• The maximum loan tenure of this loan is 15 years.
• Processing Fee: Nil |

Union Bank Education Loan Eligibility

• The applicant must be a permanent resident of India.
• The applicant can take this loan for pursuing studies in India or abroad.
• There is no compulsion of age.
• The student has to submit a co-application who should be a resident of India.
• Student can avail this loan for pursuing higher/professional/technical education.
• The NRI student must hold an Indian passport and have secured admission to the course for study in India only.

Union Bank Education Loan Documents Required

• Address Proof: PAN Card, Voter ID Card, Aadhaar Card, Passport or other proof of identity document
• Identity Proof: Ration Card, Electricity Bill, Water Bill or any other valid document
• entry document
• pan card
• Bank statement of last 12 months
• passport size photo
• Other documents asked at the time of application
• Full list of fee structure and living expenses.
• Marksheet for class X or equivalent
• Proof of Income |

How to apply for Union Bank Education Loan?

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. The procedure to apply is given below:

Union Bank Education loan apply online

• On the home page of the website Products > Loans > retail The option of will appear, click on it.
• After coming on the next page, you will see the option of Education loan, click on it.
• All the information related to education loan will come in front of you, you have to read this information.
• to apply apply loan online Click on the option of
• The application form will open in front of you.
• Enter the information sought in the form and submit the form.
• After that the bank will contact you and the loan process will be continued further.

How to apply offline?

• First of all, you have to go to your nearest Union Bank of India branch.
• Will have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to the loan.
• Then your documents will be verified.
• You will be given an application form which has to be filled correctly.
• By attaching the documents with the application form, it has to be deposited in the same bank.
• In this way your offline application will be done.

Union Bank of India student loan customer care number

• All India Toll Free number:1800222244/18002082244
• Charged Numbers:08061817110
• Dedicated number for NRI:+918061817110

conclusion

In this article you Union Bank Education Loan 2022 Received complete information about. Any student who wants to pursue higher education in India or abroad can avail this loan.

You can apply for Union Bank Education Loan both online and offline. The process of applying is given in this article.

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