Get Affordable Study Abroad Loans from Union Bank

Student focused, fast, and flexible education loans from Union Bank with clear processes and better results.

Accessible, Impactful, At Scale

Loan Up to

₹ Cr

Interest Rate Starting at

0 %

Loan Tenure Up to

0 Years

Everything You Need to Secure the Right Loan, Right Here.

Check Loan Offers

Get up to ₹2 Cr. on an education loan

Who it’s for:

Calculate Your EMI

Plan smarter with accurate EMI, tenure, & affordability.

Who it’s for:

Get 1:1 Financial Guidance

Talk to an expert and get advice on education loans

Who it’s for:

Check Loan Offers

Get up to ₹2 Cr. on an education loan

Who it’s for:

Calculate Your EMI

Plan smarter with accurate EMI, tenure, & affordability.

Who it’s for:

Get 1:1 Financial Guidance

Talk to an expert and get advice on education loans

Who it’s for:

Union Bank Finance Education Loan Features

100 % Cost Coverage

Covers full approved cost—tuition + living + travel + other study expenses.

Fast Turnaround

Digital-friendly workflows, fewer branch visits, quicker approvals.

Smart Repayment Options

Tenures up to 15 years designed to match your early career phase.

Transparent Terms

Clear breakdown of rates, fees, and charges with no hidden surprises.

Collateral-'Light' Options

Non-collateral loans available under specific eligibility

Everything You Need to Know About Union Bank Education Loan

A full look at what Union Bank offers. Loan limits, rates, collateral conditions, benefits, and timelines explained in a way that helps you compare and choose better.

Eligibility Criteria for Union Bank Education Loan
How to Apply for a Union Bank Education Loan
Advantages of Union Bank Education Loan

Eligibility Criteria for Union Bank Education Loan

Indian citizen seeking undergraduate/postgraduate programs in India or abroad.
Admission letter required from recognised university/institution.
Co-applicant (income stable) required; parent, guardian or spouse.
Age typically 18-35 yrs for overseas programs.
Meeting the “union bank loan interest rates” eligibility conditions and credit profile per bank norms.

How to Apply for a Union Bank Education Loan

Register and create your profile on GradRight and share your study destination and funding needs.
Compare Loan Offers, including the union bank education loan and other lenders, side-by-side.
Get guided advice from a GradRight expert to evaluate offers, interest rates, and fit.
Upload your documents securely, KYC, admission proof, income docs, cost summary.
Receive your sanction and disbursement following approval. Focus on your study plan while the rest is handled.

Advantages of Union Bank Education Loan

High value financing for overseas and Indian universities.
Competitive education loan interest rate starting at 9.90 %*
Flexible structure: both collateral-and non-collateral options.
Support for tuition, living costs, travel, and related study expenses.
Long tenure of up to 15 years including moratorium on study period.

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Frequently Asked Questions

What is a Union Bank education loan?

The “union bank education loan” is a student financing scheme by Union Bank of India to help Indian students fund studies in India or abroad, covering tuition, living, travel, and more.

What is the union bank education loan interest rate?

The “union bank education loan interest rate” starts from approximately 9.90% for secured loans; rates vary by profile, program, destination and whether collateral is required.

Can I apply for a Union Bank loan without collateral?

Yes. Union Bank offers certain “non-collateral” study loans under eligibility criteria and the “union bank of India loan interest rate” applies accordingly.

Which study destinations are supported?

The scheme supports top global destinations such as the USA, UK, Canada, Australia, Europe and major Indian programmes as well.

What expenses are covered under the loan?

Covers tuition, living accommodation, travel, books and other study-related costs.

Who can be a co-applicant for the loan?

A parent, legal guardian or spouse with steady income can act as a co-applicant for the union bank education loan.

How long is the repayment tenure?

Up to 15 years including the study period and grace months. Tenure can be structured based on future earning projection.

Are there tax benefits for this loan?

Yes. Interest paid on a union bank education loan may qualify for deduction under Section 80E of Income Tax Act.

Is the application process completely online?

Partially. You can initiate via the GradRight platform and then submit documents either online or at the branch as per Union Bank process.

What is the difference versus traditional education loans?

This loan focuses on global programmes, full cost coverage, tenure tailored for early-career graduates and eligibility for non-collateral cases, aligned with modern student needs.

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ABOUT US

Get Affordable Study Abroad Loans from Union Bank

Accessible, Impactful, At Scale

Everything You Need to Secure the Right Loan, Right Here.

Check Loan Offers

Get up to ₹2 Cr. on an education loan

Who it’s for:

Calculate Your EMI

Plan smarter with accurate EMI, tenure, & affordability.

Who it’s for:

Get 1:1 Financial Guidance

Talk to an expert and get advice on education loans

Who it’s for:

Check Loan Offers

Get up to ₹2 Cr. on an education loan

Who it’s for:

Calculate Your EMI

Plan smarter with accurate EMI, tenure, & affordability.

Who it’s for:

Get 1:1 Financial Guidance

Talk to an expert and get advice on education loans

Who it’s for:

Union Bank Finance Education Loan Features

100 % Cost Coverage

Fast Turnaround

Smart Repayment Options

Transparent Terms

Collateral-'Light' Options

Everything You Need to Know About Union Bank Education Loan

Contents

Eligibility Criteria for Union Bank Education Loan

How to Apply for a Union Bank Education Loan

Advantages of Union Bank Education Loan

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