Education Loans from UCO Bank
UCO Bank offers a truly student-friendly range of education loans to different segments of the student population. These UCO Bank Education Loans are aimed at providing financial support to deserving students for pursuing higher education in India and abroad. UCO Bank offers five education loans.
The five education loans from UCO Bank are:
- UCO Bank Education Loan
- UCO Premier Education Loan Scheme (for Studying in Premier Institutes in India and Abroad)
- UCO Bank Super Premier Education Loan (for Studying in 8 Premier Institutes in India)
- UCO Aspire Education Loan (for Medical Courses)
- UCO Bank Skill Loan Scheme (for Skill Development Courses)
In addition, the bank offers one Government of India Interest Subsidy Schemes on education loans for meritorious and deserving students.
We give you a brief intro to each below. In addition, you have the option to click further and read in detail about each loan on a specific page of its own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format.
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UCO Bank Education Loans – UCO Bank Student Loan Scheme
The UCO Bank Student Loan Scheme helps students who want to pursue higher studies in India and abroad afford the cost of the course and related expenses. This loan scheme is based on the Indian Banks Association (IBA) Model Education Loan schemes. The maximum loan amount you can get for studying in India is Rs. 10 lakh and the maximum loan amount you can get for studying abroad is Rs. 20 lakh.
Features of UCO Bank Student Loan Scheme for Pursuing Higher Studies in India and Abroad
Why this Loan?
- The loan is meant to help students fulfil their dreams of pursuing higher education in India or abroad
- The loan is disbursed as a series of payments over the required number of years and not as a lump sum
- The loan can be taken for all institution fees as well as related expenses including purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
UCO Bank Education Loans – UCO Premier Education Loan
This loan helps meritorious and deserving students pursue higher education in India or abroad. The maximum loan amount for this loan is Rs 30 lakh for studying at premier institutes in India and abroad. However, the actual ceiling for loans for studying in India is capped based on the bank’s categorisation of institutes into three lists, namely List A, List B and List C.
Apply for your international education loan without any worries
Features of UCO Premier Education Loan
Why this Loan?
- The loan is meant for you if you have gained admission into a premier institute in India or abroad
- The bank disburses the UCO Bank Premier Education Loan as a series of payments over the required number of terms or years to pay the fees or other approved charges
- The maximum loan amount for studying in India as well as abroad is Rs. 30 lakh
UCO Bank Super Premier Education Loan for Studying in Premier Education Institutes
These UCO Bank Education Loans are designed for students pursuing higher studies at one of the eight premier educational institutes in the country, namely IIM-Ahmedabad, IIM-Bangalore, IIM-Kolkata, IIM-Indore, IIM-Lucknow, IIM-Kozhikode, XLRI-Jamshedpur and ISB-Hyderabad. The maximum loan amount is capped at Rs. 30 lakh or the 100% cost of the programme, whichever is lower.
Features of UCO Super Premier Education Loan
Why this Loan?
- The loan is meant for you if you have gained admission into a Bachelors, Masters, Doctorate (PhD) or a professional studies programme at one of the eight premier institutes in the country, namely IIM-Ahmedabad, IIM-Bangalore, IIM-Kolkata, IIM-Indore, IIM-Lucknow, IIM-Kozhikode, XLRI-Jamshedpur and ISB-Hyderabad
- The UCO Super Premium Education Loan is disbursed to the institution as required to pay the fees or other approved charges
UCO Bank Education Loans – UCO Aspire for Medical Courses
This is a new loan from UCO Bank and is specifically meant for students taking up medical studies. It helps take care of the financial costs of pursuing medical courses in India and abroad. The maximum loan amount is capped at Rs. 75 lakh for both studying in India and studying abroad.
Features of UCO Aspire Education Loan
Why this Loan?
- These UCO Bank Education Loans are meant for you if you have secured admission in a medical course in India or abroad through an entrance test or selection process after completion of your Class 12, HSC or equivalent 10+2 level
- Like other loans, UCO Bank disburses its UCO Aspire Education Loan Scheme as a series of payments over the required number of terms or years to pay the course fees or other approved charges
Apply for your international education loan without any worries
UCO Bank Education Loans – UCO Skill Loan Scheme
This loan helps students who have gained admission into technical courses offered by Industrial Training Institutes (ITIs), polytechnics, etc. to pay for their course fees. The UCO Bank Education Loans under this scheme start from Rs. 5,000 and can go up to Rs. 1.5 lakh depending on the duration of the course.
Features of UCO Bank Skill Loan Scheme for Technical Courses
Why this Loan?
- The loan is meant for you if you have gained admission into a technical course offered by a polytechnic, Industrial Training Institute (ITI), etc. in India
- The bank disburses the UCO Bank Skill Loan Scheme as a series of payments over the required number of terms or years to pay the course fees or other approved charges
UCO Bank Education Loans – UCO Bank Interest Subsidy Schemes
UCO Bank offers one Government of India Interest Subsidy Schemes on education loans for meritorious and deserving students. This scheme is:
Reference Facts
- UCO Bank Website: www.ucobank.com and www.ucobanking.com (net banking)
- Headquarters: Kolkata, West Bengal
- Call Centre Toll-Free Number: 1800 274 0123