Uco bank is a public sector bank that provides education loan at lower rate of interest for studying students in India and abroad.Here is different types of education Loan schemes offered by UCO bank with their rates of interest.Which expenses other than fees covered in under the UCO Bank educational loan schemes? How to apply for UCO bank education loan online/offline?
Types of education Loan schemes offered by UCO bank with their rates of interest.
| S. no. | Loan scheme offered by UCO bank | Maximum loan amount | Rate of interest (per annum) |
| 1. | UCO bank education loan | India – Rs. 10 lakhs out of India– Rs. 20lakh | 9.30% p.a. to 9.70% p.a. |
| 2. | UCO bank premier. Education loan | Rs. 30 lakh | 8.45% p.a. |
| 3. | UCO Aspire | India – Rs. 10 lakhs to Rs. 75 lakh. Overseas – Rs 20 lakhs to Rs 75 lakhs. | 9.30% p.a. |
| 4. | UCO skill loan | Rs 1.5 lakh | 8.80% p.a. |
How to apply for UCO bank education loan online/offline?
You can apply for a UCO bank education loan either online mode or offline mode.
Offline method for applying UCO bank education loan:-
You can visit the nearest UCO branch. Fill in the application form with an attachment of all required documents and submit it to the concerned bank officer at the bank.
These are the steps for applying through online method:–
- Visit the official website of UCO bank.
- Search for the “Borrow” tab and click on ‘Education loan’.
- After that click on the button ‘apply now’
- You will be redirected to the application on page where you can fill application form with all your details asked in application form.
- After submitting your application form, Bank’s representative will call you.
What are other expenses covered under the UCO Bank educational loan schemes?
Other than fees of college for graduation and post-graduation courses, the following are also covered in the education loans offered by UCO bank.
- Examination fee
- Laboratory fee
- Library fee
- Cost of instruments and equipments
- Stationary, books and uniform
- Travel expenses for studying in abroad
- Building fund
- Study tours
- Project work & thesis
- Boarding or hostel charges
- Personal computer, if required for the course
- Caution deposit
- Private hostel charges.
Also Read :-