BANK Partner
🏢 Property Collateral Accepted
Union Bank of India
Union Education Loan scheme offers comprehensive financial support for studies in India and abroad with low interest rates and flexible collateral requirements.
Maximum Loan Limit
₹100 Lakhs
Starting @ 8.80% - 10.25% p.a.
Apply For Union Bank of India Loan
⚡ Direct partner login • Free counseling
Interest Rate
8.80% - 10.25% p.a.
Processing Fee
₹5,000 + GST
Margin Money
15%
Moratorium Period
Course Duration + 12 Months
🌟 Key Scheme Benefits & Features
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Low interest rates tied to EBLR
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No collateral required up to ₹7.5 Lakhs
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Simple processing and nationwide branch support
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Moratorium period of course duration + 1 year
📋 Mandatory Documents for Fast Disbursal
Student Documents
- Passport copy & PAN card
- 10th, 12th & Graduation Transcripts
- IELTS / TOEFL / GRE Scorecard
- University Admission Offer Letter
Co-Applicant Documents
- PAN Card & Aadhaar Card
- Last 6 Months Bank Statement
- Salary Slips (3 months) / Form 16
- ITR returns (last 2-3 years)
Supported Destinations
Union Bank of India approves loans for recognized institutions in these countries:
🌐 India
🌐 USA
🌐 UK
🌐 Canada
🌐 Germany
🌐 Australia
🌐 Ireland