Union Bank Education Loan College List 2024-2025

Securing an education loan can be a game-changer for students pursuing higher studies, but knowing which institutions qualify for these loans is critical to a successful application. Understanding the Union Bank Education Loan College List is vital for those exploring financial aid through the Union Bank of India. 

In 2023 and 2024, Union Bank of India expanded its educational loan offerings to include both domestic and international institutions. 

This article delves into the detailed college list under Union Bank’s education loan scheme.

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Union Bank Education Loan College List

Understanding the Union Bank Education Loan College List is crucial for students to determine if their chosen college qualifies for loan support. 

The Union Bank of India education loan college list typically includes universities and colleges recognised by governing bodies like the University Grants Commission (UGC), AICTE, IIMs, IITs, and other accredited institutions. The table below highlights the Union Bank of India education loan College list.

When considering an education loan from Union Bank of India, it's essential to verify if your chosen institution is included in their approved college list. Similarly, you can explore the SBI-approved education loan college list to compare eligibility criteria and approved institutions.

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Union Bank Education Loan College List PDF Download

The Union Bank Education Loan College List includes recognised colleges that qualify for specific loan perks such as lower interest rates and flexible terms, making quality education more accessible and affordable. You can download the list as a pdf. 

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Also Read: Vidya Lakshmi Portal College List - Updated Colleges (2024)

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Union Bank Special Education Loan Scheme 

The Union Bank Special Education Loan Scheme is designed specifically for students pursuing courses at Premier Management & Technical Institutes. The interest rate for IITs under Category 'A' Institutes is 8.10% (EBLR-1.15%).

Here’s a table highlighting the Union Bank Premier Institute list for securing an education loan. 

Union Bank Education Loan College List: Category ‘A’ Institutes

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The Rate of Interest (ROI) for other institutes classified under Category 'A' is 8.55% (EBLR-0.70%).

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Union Bank of India Premier Institute List: Category ‘B’ Institutes

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Union Bank Premier Institute List PdF Download

The Union Bank Premier Institute List includes top-tier institutions across India recognized for excellence in management, technology, and professional education.

If you're unsure about your eligibility for loans, read our comprehensive guide on Education Loan Eligibility: Top Lenders, Interest Rates & How to Apply to learn how banks evaluate candidates. 

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Union Bank Premier Institute List Abroad

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Union Bank offers education loans not only for premier institutes in India but also for select top-ranked universities abroad, ensuring students get financial support for quality international education. 

If you're planning to study overseas, do check and Download Union Bank Premier Institute List Abroad Pdf as a first step toward securing your education loan.

If you're considering studying in Ireland, it's beneficial to explore the education loan options for studying in Ireland, as they provide insights into funding structures, eligibility criteria, and loan covers for tuition and living expenses.

Union Bank Education Loan: Key Features

The Union Bank Education Loan offers competitive interest rates and various benefits for students pursuing higher education. Here are some key features of the loan.

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Also Read: Union Bank Education Loan: Interest Rate, Features, and Benefits

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‍Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility. 

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Union Bank of India provides a comprehensive and flexible education loan scheme covering a wide range of prestigious institutions. By understanding the Union Bank Education Loan College List, you can quickly determine if your chosen institution is eligible for financial aid, ensuring a smoother loan application process. Whether you're pursuing an MBA from a top management institute or a B.Tech from a premier engineering college, Union Bank's education loan offerings cater to diverse educational aspirations. 

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The Propelld education loan has the following main benefits.

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FAQs About Union Bank Education Loan College List

What is the Union Bank Premier Institute list for education loans? 

The Union Bank Premier Institute list includes top institutions in India that are eligible for education loans from Union Bank of India. The Union Bank of India education loan College list is a comprehensive list of institutions recognised by governing bodies like the University Grants Commission (UGC), AICTE, IIMs, IITs, and other accredited institutions.

How do I check if my college is on the Union Bank Education Loan College List? 

To check if your college is on the Union Bank of India education loan College list, you can visit the official Union Bank of India website and search for the list of approved institutions. You can also contact the bank's customer care or visit a nearby branch to get more information. 

What are the benefits of taking an education loan from Union Bank of India? 

Taking an education loan from Union Bank of India offers several benefits, including competitive interest rates and flexible repayment plans. The bank also provides a hassle-free application process and quick loan disbursal.

Can I get an education loan from the Union Bank of India for studying abroad? 

Yes, Union Bank of India offers education loans for studying abroad. The Union Bank of India education loan College list includes several international institutions that are recognised by the bank. However, the loan amount and interest rate may vary depending on the institution and course.

What is the interest rate for education loans from Union Bank of India? 

The interest rate for education loans from Union Bank of India varies depending on the institution and course. For the Union Bank Premier Institute list, the interest rate is 8.10% (EBLR-1.15%) for IITs and 8.55% (EBLR-0.70%) for other institutions.

How do I apply for an education loan from Union Bank of India? 

You can apply for an education loan from Union Bank of India online or offline. The online application process involves filling out the loan application form and uploading the required documents on the bank's website. The offline process involves visiting a nearby branch and submitting the application form and documents.

What documents do I need to submit for an education loan from Union Bank of India?

To apply for an education loan from Union Bank of India, you must submit several documents, including admission letters, mark sheets, degree certificates, proof of identity, and proof of address. The Union Bank of India education loan College list also requires documents related to the institution and course.

Can I get a co-borrower for an education loan from Union Bank of India? 

Yes, you can get a co-borrower for an education loan from Union Bank of India. The co-borrower can be a parent, spouse, or guardian and must have a minimum CIC score of 700.

What is the repayment tenure for education loans from the Union Bank of India? 

The repayment tenure for education loans from Union Bank of India is 15 years. 

Can I prepay my education loan from Union Bank of India? 

Yes, you can prepay your education loan from Union Bank of India. However, prepayment charges may apply, so it's best to check with the bank for more information.

How do I calculate my EMI for an education loan from Union Bank of India? 

Using an EMI calculator, you can calculate your EMI for an education loan from Union Bank of India. The calculator takes into account the loan amount, interest rate, and loan tenure to give you an estimate of your monthly repayment amount.

What is the moratorium period for education loans from Union Bank of India? 

The moratorium period is the course period plus one year. You don't need to repay the loan during this period, but interest will be charged.

Can I get a tax benefit on my education loan from the Union Bank of India? 

Yes, you can. The interest paid on the loan is eligible for tax deduction under Section 80E of the Income Tax Act.