United Bank Of India Education Loan Interest Rate
| INTEREST RATE | 8.20% to 12.75% |
| LOAN TENURE | In 15 years after the Holiday | Moratorium Period |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About United Bank Of India
United Bank Of India is a public sector bank in india. It has headquarter in Kolkata. United Bank Of India was founded on Nov. 11, 1919. It has 2086 branches and
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about United Bank Of India which includes United Bank Of India Official Website, United Bank Of India ATMs accross the India, United Bank Of India Branches accross the India, United Bank Of India Contact Numbers, United Bank Of India official EmailID, United Bank Of India Headquarter and United Bank Of India Headquarter Address. Find United Bank Of India Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of United Bank Of India:
| Home Loan | Personal Loan |
| Education Loan | Business Loan |
| Car Loan | Two Wheeler Loan |
| Gold Loan | FD Interest Rates |
| United Bank Of India RD Interest Rates | United Bank Of India ATMs Location |
| PPF Account |
United Bank Of India Education Loan Purpose
United Bank Of India Eligible Courses for Education Loan
For studies in India:- Approved courses leading to graduate|post graduate degree and P G diplomas conducted by recognized colleges|universities recognized by UGC|Govt.| AICTE| AIBMS| ICMR etc.
- Courses like I.C.W.A., C.A., C.F.A., etc.
- Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
- Approved courses offered in India by reputed foreign universities.
- Regular Degree|Diploma courses like Aeronautical, pilot training, shipping, degree|diploma in nursing or any other discipline.approved by Director General of Civil Aviation|Shipping|Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
- Approved by Head Office and included in approved educational institutions list.
- Graduation: For job-oriented professional|technical courses offered by reputed universities. (Diploma|Certification courses are not permissible)
- Post Graduation: Courses like MCA, MBA, MS etc.
- Courses conducted by CIMA-London, CPA in USA etc.
- Degree | Diploma: Courses like Aeronautical, Pilot training, and Shipping etc. provided these are recognized by competent regulatory bodies in India| abroad for the purpose of employment in India and abroad.
United Bank Of India Education Loan Document Required
For salaried individuals
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Latest salary slip showing all deductions or Form 16 along with recent salary certificate
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
For all individuals except salaried
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
United Bank Of India Education Loan Amount
a) For studies in India, maximum Rs. 10 Lakhs.b) For studies abroad, maximum Rs. 20 Lakhs.
Margin
a) Up to Rs.4 lakhs-Nil.b) Above Rs. 4 lakhs- Studies in India 5% Studies Abroad 15%
United Bank Of India Education Loan Repayment
Repayment Holiday| Moratorium: Course Period + 1 year or 6 months after getting job, whichever is earlier.Security
Upto Rs.4.00 Lakhs - No Security. Parent(s)|guardian to be joint borrower(s).Above Rs.4.00 Lakhs upto Rs.7.50 Lakhs - Collateral in the form of satisfactory third party guarantee.
Above Rs.7.50 Lakhs: Mortgage of immovable property or any tangible security having value equivalent to 100% of loan amount. Co-obligation of parents | guardian. In case of married person, co-obligator can be either spouse or the Parent(s) | Parent(s)-in-law.
Mode of Repayment of Education Loan
Post Dated Cheque (PDC): PDCs are given by the borrower in advance to the bank. They will be for future dates. Bank will deposit the cheque on the date mentioned on the cheque. This mode used to be opted by the borrowers when there were no online repayment options available. This mode is no longer popular and is used by very few borrowers.
Electronic Clearance System (ECS): This mode is very popular and most of the borrowers opted for this mode of repaying the loan. It is an electronic mode for transferring the EMI from borrower's bank to lender's bank.
National Automated Clearing House (NACH): NACH is a facility offered by National Payment Corporation of India (NPCI) for online transfer of funds on due date. This system has come into force recently and is preferred by many people. The benefit of this mode is that it allows transactions to be processed in real time.
Standing Instruction (SI): It is an order or instruction which the account holder gives to his/ her bank to pay a fixed amount to another bank/ account at a regular interval. It is also used by many borrowers to pay EMIs as EMI is a fixed amount. SI is not suitable for variable amounts.
Contact details of United Bank Of India, United Bank Of India SMS balance check number SMS banking, United Bank Of India mobile banking, United Bank Of India toll free number,United Bank Of India toll free number 24*7, United Bank Of India miss call number.
- MISSED CALL NUMBERS - 9015431345
- CUSTOMER CARE NUMBERS - 18001033470, 022-40429100
- CONTACT NUMBERS - 18003450345, 18003452222, 033-22428940, 033-22488645
United Bank Of India Contact Details
- BANK OFFICIAL WEBSITE - https://www.pnbindia.in
- CONTACT NUMBERS - 18003450345, 18003452222, 033-22428940, 033-22488645
- EMAIL ID - [email protected], [email protected]
- MISSED CALL NO. - 9015431345
- CUSTOMER CARE NO. - 18001033470, 022-40429100
- TOTAL BRANCHES - 2086
- HEADQUARTER - Kolkata
- BANK ADDRESS - Head Office,10, B.T.M. Sarani, Brabourn Road, Calcutta-700 001.
United Bank Of India Education Loan FAQs Education Loan Document Required
