Student

• Applicant must be an Indian National and secured an admission to any of the following academic/ professional/ technical courses through Entrance Test/ Selection process in a Board/ Institution/ University.

Courses

a) Studies in India

• Graduation Courses : B.A., B.Com, B.Sc., etc.
• Post Graduation Courses : Masters and Ph.D.
• Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
• Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University.
• Courses like ICWA, CA, CFA, etc.
• Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
• Courses offered in India by reputed foreign Universities.
• Evening Courses of approved Institutes.
• Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/ Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, etc.

a) Studies abroad

• Graduation : For job-oriented professional/ technical courses offered by reputed Universities.
• Post Graduation : MCA, MBA, MS, etc.
• Courses conducted by CIMA - London, CPA in USA etc.

Loan Details

Coverage of Expenses

• Fees payable to College/ School/ Hostel.
• Examination/ Library/ Laboratory Fee.
• Purchase of Books/ Equipments/ Instruments/ Uniforms.
• Caution Deposit/ Building Fund/ Refundable Deposit supported by Institution Bills/ Receipts.
• Travel Expenses/ Passage Money for studies abroad.
• Purchase of Computers : Essential for completion of the Course.
• Any other expenses required to complete the Course like study tours, project work, thesis, etc.

Quantum

• Studies in India : Maximum Rs. 7.50 Lac
• Studies Abroad : Maximum Rs. 15 Lac.

Margin

• Upto Rs. 4 Lac - Nil
• For loans above Rs. 4 lacs
  - Studies in India - 5%
  - Studies abroad - 15%

Security

• Upto Rs. 4 lacs - No Security
• Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh- Collateral in the form of a suitable third party guarantee.
• Above Rs. 7.50 lacs -Collateral of suitable value or suitable third party guarantee.

As per bank rules

The loan is to be repaid in 5 to 7 years after commencement of repayment. The repayment will commence after a moratorium/ repayment holiday which is Course period plus 1 year or 6 months after getting job whichever is earlier.

Life Insurance Coverage:
To ensure security to student's and borrower's life and against their loan liability and additional loan componant for payment of one-time premium for such insurance coverage my be sanctioned by bank on request from the customer.

Contact Details
Head Office
United Bank of India,
Hemanta Basu Sarani, Kolkata-700 001 ( West Bengal)
Phone : 033-22133172
E-mail : Contact Now
Website : visit
United Bank of India Regional Offices

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