UCO Bank Education Loan has been successful in providing the much needed helping hand in terms of finance to students who are deserving and willing to pursue higher studies. UCO Bank Education Loan can be availed for higher studies in India or abroad for various career based courses. The loan is available through the banks branches spread across India through a hassle free loan process and documentation procedure.

UCO Bank Education Loan Interest Rate:

The UCO Bank Education Loan interest rate is competitive and is the reason many avail it for study in India and abroad.

UCO Bank Education Loan rate is around 13.75% based on Base Rate which is subject to change. Students and parents looking for Bank finance for higher education find UCO Bank Education Loan interest rate competitive and affordable for repayment.

UCO Bank Education Loan Eligibility And Expenses Covered:

UCO Bank Education Loan can be availed by any resident Indian in the age group 18 to 33 years. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

• ·ICWA
• ·CA, CFA
• ·IIM
• ·IIT, XLRI, NIFT, IISc

Loan is also offered for courses by UGC/Govt./AICTE/ICMR programs that qualify for UCO Bank Education Loan eligibility.

To avail UCO Bank Education Loan interest rate the loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For UCO Bank Education Loan Eligibility Are:

1For UCO Bank Education Loan eligibility the candidate should be a Resident Indian.

2Admission to technical courses in India is possible through UCO Bank Education Loan eligibility.

3A co-applicant is required for full time courses.

4The maximum loan for studies in India is at the maximum is Rs.10 lacs

5The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The Expenses Covered By UCO Bank Education Loan Rate Are:

1. College Fee

2Hostel and Library charges

3Caution deposit

4Money to go abroad

5Money for Study tours, Project work, Computer etc.

UCO Bank Education Loan Review And Documentation:

According to the UCO Bank Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

UCO Bank Education Loan Review And Documentation For The Salaried Co- Borrower:

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

UCO Bank Education Loan Review And Documentation For The Self Employed Individual:

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

UCO Bank Education Loan Review And Application Procedure:

 UCO Bank Education Loan interest rate application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch. The loan will be disbursed in installments to the college or institute directly.

UCO Bank Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 5-7 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. Check with your nearest branch for pre closure charges or late fee charges.

UCO Bank Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on UCO Bank Education Loan eligibility and UCO Bank Education Loan Rate etc. are on the official site at

http://www.ucobank.com/loan.htm#EDUCATIONALLOAN