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Does Union bank have student loans?

Does Union bank have student loans?

A Union Federal® Private Student Loan, powered by Cognition Financial, gives you options so you can rest assured you’re doing the right thing for your future. Prequalify1 today with no impact to your credit score.

What is the minimum loan amount for education loan?

₹ 50,000
Education Loan Interest Rate in 2022

Interest Rate 8.40% onwards
Minimum Tenure (excluding grace period) 5 years
Moratorium Period (after course completion) 1 years
Minimum Loan amount ₹ 50,000
Maximum Loan without collateral ₹ 4,00,000

What are the rules for education loan?

To apply for the loan, one must be an Indian citizen, having secured an admission into a college/university recognised by a competent authority in India or abroad. The tentative cost of an MBA is up from Rs 2.5 lakh to Rs 20 lakh in 15 years. Quality education is a must for a complete and successful life.

Is Union Bank of India good for education loan?

Union Bank of India Education Loan Union Bank offers education loans with affordable interest rates and beneficial features that make higher education possible for more students throughout India. There are also special education schemes for students who wish to study at premier technical institutions and management institutes in the country.

What are the interest rates for Union Bank’s education loan schemes?

The interest rates for Union Bank’s education loan schemes are as given below: No maximum limit. Need-based financing These interest rates are effective from 1 August 2021 Interest rate: 8.40% p.a. to 10.05% p.a. Interest Rate: 6.80% p.a. to 8.55% p.a.

What are the documents required for Union Bank of India education loan?

To apply for the Union Bank of India Education Loan, applicants need to furnish the following documents. Proof of identity – Passport, PAN Card, Employee Identity card or any other valid proof. Proof of address – Electricity bill, Telephone bill, Ration card or any other valid proof. PAN Card. Bank statement for the last 12 months.

How long does it take Union Bank to sanction an education loan?

After the necessary documents have been submitted with the bank, it takes approximately 7 days for the loan to be sanctioned. Does an applicant need to open an account with Union Bank in order to apply for their education loan?