A public sector education loan option covering domestic and overseas programmes, with scheme-linked limits and structured repayment after the moratorium.
Indicative rate
8.4% – 11.5%
Loan amount
Up to ₹1.5 Cr for select institutes and overseas study
Up to ₹1.5 Cr for select institutes and overseas study
Collateral
Usually required for higher amounts
Tenure
Up to 15 years after moratorium
Moratorium
Course period plus 6 to 12 months
Processing fee
Scheme dependent
Prepayment
Generally no prepayment penalty
Lender type
Bank
Loan products offered by Union Bank of India Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1
Secured education loan (with collateral)
Families able to pledge residential property, plot or fixed deposits.
Typical amount
Typically ₹7.5L to ₹1.5 Cr depending on security value
Security expected
Immovable property, FD or government securities plus a co-applicant
Pricing
Lowest indicative band offered by the bank
Best pricing available for large overseas budgets
Longer repayment tenure keeps EMIs lower
Living costs, travel, laptop and insurance usually included
Co-applicant income proof (ITR, salary slips, bank statements)
Fee structure from the institution
Collateral papers where applicable
Benefits
Scheme-based funding for premier institutes
Covers tuition, living and travel components
Section 80E interest deduction eligibility
Considerations
Documentation is branch-driven
Property papers must be clear for secured cases
Application process
Share your profile and shortlist the scheme
Submit documents for internal assessment
Branch or credit team verification
Sanction letter issued with terms
Loan agreement signing and margin payment
Disbursement to the institution as per fee schedule
EMI calculator for Union Bank of India Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
₹25 lakh
8.40% p.a.
2 years
6 months
10 years
Indicative starting rate for Union Bank of India Education Loan. Your sanctioned rate depends on your profile, collateral and the lender's spread.
This calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
