Student Education Loans by United Western Bank

Eligibility
A candidate should have a good academic record.

Important Documents
Academic records and admission approval.

 

Amount of Loan
 

• Maximum amount of loan that can be granted for study in India: Rs. 7,50,000
• Maximum amount of loan that can be granted for study Overseas: Rs. 15,00,000

 

Processing period
A fortnight

Rate of Interest
 

• For study in India, for an amountupto Rs. 4,00,000: 13%

• If the amountis more than Rs. 4,00,000: 13.5% p.a.

 

• For study Overseas, for the amount upto Rs. 4,00,000: 13%

• And the amount exceeding Rs. 4,00,000: 13.5% p.a.

 
            Collateral and Third party Guarantee required.

 

Tenures
Maximum of 7 years

Repayment
After the completion of the course