Fees & Charges
Promised Interest Rate
"Indeed, I had taken an educational loan from UNION bank of INDIA and it is very good too. I had lost my points because of which credit score had not reduced. Actually at the time of availing this loan they advised me to re-pay the loan after a year, as per their instructions I started to pay my loan after a year. however it impacted my credit score now that I had paid the lumpusm amount my credit score is reverted back. "
Any of the following courses, as offered by recognized universities, is eligible for an education loan in India-
Generally, there are no restrictions. Most banks and financial institutions do not impose this rule. However, certain lenders do mark an age limit spanning from 16-35 years.
Not immediately. However, after you start repaying, you are free to deduct the loan interest amount from your total income when calculating tax.
The applicant is expected (and mandated) to submit his/her progress reports periodically. The progress reports could be mark sheets or a suitably attested letter from the applicant’s school/college.