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  #2  
Old January 3rd, 2013, 03:55 PM
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Join Date: Dec 2011
Default Re: UCO bank education loan interest rate

The details about the interest rates for UCO bank education loan is as follows:

Upto Rs.7.50 lacs:
Spread over Base Rate: 2.50%
Effective Rate: 13.00%

More than Rs.7.50 lacs:
Spread over Base Rate: 2.50%
Effective Rate: 12.75%

Base Rate - 10.50% p.a. w.e.f. 01.05.2012
BPLR - 15.00% p.a. w.e.f. 01.08.2011
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  #3  
Old April 14th, 2014, 10:36 AM
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Default Re: UCO bank education loan interest rate

Can you please give me the details of educational loan and the interest rates of UCO Bank?
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  #4  
Old April 14th, 2014, 12:15 PM
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Join Date: Jun 2011
Default Re: UCO bank education loan interest rate

As you want to get the details of educational loan and the interest rates of UCO Bank so here is the information of the same for you:

Eligibility:

Studies in India
Courses must be approved leading to graduate/post graduate (Masters & PhD. degree and PG Diplomas conducted by recognized colleges/universities, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.).

Computer Certificate courses of reputed institutes accredited to DoE.

Courses like ICWA, CA, CFA, etc.

Studies Abroad
Graduation : Job oriented professional / technical courses offered by reputed Universities.
Post Graduation : MCA, MBA, MS, etc.

Age limit:
For Graduation:
28 years for general candidates
30 years for SC/ST candidates

For Post Graduation:
30 years for general candidates
33 years for SC/ST candidates

Quantum of loan
Studies in India : Maximum Rs. 10.00 Lac
Studies Abroad : Maximum Rs. 20.00 Lac

Security
Upto Rs. 4.00 lacs
No security, co-obligation of parents

Above Rs. 4.00 lacs & upto Rs. 7.50 lacs
Co-obligation of parents, collateral in the form of a suitable 3rd party guarantee

Above Rs. 7.50 lacs
Co-obligation of parents, tangible collateral security equivalent to full value of loan

Margin
Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac Studies in India - 5%
Studies Abroad - 15%

Repayment Period
Upto Rs 7.50 lacs :- Upto 10 years
Above Rs.7.50 lacs :- Upto 15 years

Interest rates:
Education Loans Spread over Base Rate Effective Rate
Upto Rs.7.50 lacs 2.50% 12.70%
More than Rs.7.50 lacs 2.25% 12.45%

Contact Details:

UCO Bank
1/2, D B Gupta Road,
Pahar Ganj,
Desh Bandhu Gupta Rd,
Ratan Lal Market,
Kaseru Walan,
Paharganj,
New Delhi,
Delhi 110055 ‎
1800 103 0123
India

Map Location:
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  #5  
Old September 18th, 2014, 03:31 PM
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Default Re: UCO bank education loan interest rate

[QUOTE=Gunjan;140299]The details about the interest rates for UCO bank education loan is as follows:

Upto Rs 80000 thousands:
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  #6  
Old August 15th, 2015, 03:23 PM
manoj.kosta69
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Smile Re: UCO bank education loan interest rate

Quote:
Originally Posted by Unregistered View Post
Can you please give me the details of educational loan and the interest rates of UCO Bank?
loan amt. rs.540000/- for 84 months. pl. provide installment with interest per months
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