Borrow at competitive rates making your loan more affordable.
Get the funds you need without long waiting times.
Comprehensive coverage including everything from tuition and travel to living expenses.
Pay back your loan over up to 15 years giving you enough time to plan your finances.
Dedicated loan officers help you at every step ensuring a smooth process.
Competitive rates starting from 8.20% per annum
Need-based financing with no upper limit for eligible students
Flexible repayment options for up to 15 years
Moratorium period covering the course duration plus up to 12 months after completion
Secured: 8.25 % onwards
Unsecured: 8.75% onwards
Secured: ₹20,000 + GST
Unsecured: ₹10,000 + GST
Depends on candidate’s profile
Information not available
No payment during study
100% financing for tuition fee & living expenses
Secured: Up to 3 weeks
Unsecured: Up to 2 weeks
No prepayment or foreclosure charges
10-13%
Up to 1.5 crore
Processing Fees
1-2% of loan amount
Non collateral loans are available from many banks and NBFCs
Pre-visa loans are available
Up to 100% of the cost of education and cost of stay for the duration of the educational program
2-3 weeks
In some banks, prepayment is not allowed for up to 12 months.
Create a profile on GradRight and enter your academic and financial details.
Get loan quotes from Union Bank of India and other lenders within 48 hours.
Compare the offers and select the one with the best-suited terms and conditions
Submit the required documents and get the best education loan.
students assisted
loan requests processed
disbursed in loans
Union Bank of India offers interest rates between 8.25% and 12.55% per year. The exact rate depends on:
To apply for a Union Bank of India education loan, you need:
GradRight lets you compare Union Bank education loan interest rates with 15+ lenders. Plus, the unique loan bidding option helps you get competitive offers in just 2 days. Then, you can pick the one that fits you best.
To qualify for a Union Bank of India education loan for abroad studies, you must be an Indian citizen with an admission letter, have a co-applicant with steady income, and meet their credit score requirements. Your course and university reputation also influence approval.
Visit Union Bank’s website or branch, select the Union Bank abroad education loan option, and fill out the application. Upload your admission offer, academic transcripts, passport, and co-applicant proofs. The bank will verify and disburse funds directly to your university.
With a Union Bank of India education loan, you can borrow up to ₹1.5 crore for top overseas programs. For domestic courses, unsecured loans go up to ₹7.5 lakhs. Collateral-backed loans allow higher limits based on your co-applicant’s assets and credit profile.
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