UCO Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN UPTO 10 LACS FOR STUDY IN INDIA AND UPTO 20 LCAS FOR ABROAD
Interest
Rate

Loan limit Interest Rate
Upto 7.5 Lacs 10.45%
Above 7.5 Lacs 10.85%
Loan Amount &
Security

Secured Unsecured
Above 7.5 Lac Upto 7.5 Lacs
Charges &
Repayment

Processing fees Nil
Pre-payment charges Nil
Repayment period 15 Years
Moratorium period Course period + 1 year
Repayment types Monthly Installments after moratorium period
Eligibility
Criteria

  • Indian resident/citizen
  • Confirmed admission in the colleges before disbursement.
Key Benefits &
Coverage

Concessions
  • 1% discount in interest is offered during the moratorium period if interest is paid regularly
Margin
  • Upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for study in Abroad
Course covered
  • Indian Courses - Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR
  • Courses Abroad - MCA, MBA, MS, etc Courses conducted by CIMA- London, CPA in USA etc
Expenses covered
  • College fees, hostel charge, books and education related expenses
Required
Documents

Student Co-Borrower
KYC
  • Photo ID
  • Residence Proof
  • 2 passport size photograph
  • Aadhaar
  • Pan card
  • 2 passport size photograph
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter
  • College fee-breakup
  • GRE/GMAT/TOEFL/IELTS, etc. Marksheets (If applicable)
  • X, XII and Graduation mark sheet
    ---
INCOME
    ---
  • 6 month bank account statement
  • ITR/Form 16 of last 2 years
  • Income proof( Latest 3 salary slips)
SECURITY
    ---
  • Residential Flat
  • Residential House
  • Nonā€Agricultural Land
  • A Fixed Deposit in ICICI Bank