Education and Career Forum

Hello Sir, I am interested to study BCA(H). I want to apply for an education loan for this course. I have an account in UCO Bank. So, I want to know that what interest rates charges are there for this BCA(H) course if I apply an education loan from UCO Bank?

Interest rates against an Education Loan in UCO Bank to study BCA(H) course are given below.

Upto Rs 7.50 lacs : MCLR of 1 Year + 2.00%

Above Rs.7.50 lacs : MCLR of 1 Year + 2.40%

Applicant must be an Indian Nationals and have a secured admission to professional/technical courses in recognized institutions to be eligible to apply for education loan in UCO Bank.
For more details, please visit the below mentioned link.
https://www.ucobank.com/english/pers...-advances.aspx

Originally Posted by Unregistered

Hello Sir, I am interested to study BCA(H). I want to apply for an education loan for this course. I have an account in UCO Bank. So, I want to know that what interest rates charges are there for this BCA(H) course if I apply an education loan from UCO Bank?

UCO Bank offers floating interest rates linked to MCLR of 1 year and these rates change with change in MCLR of the bank. Interest rates of Uco Bank education loan scheme are given below:

Education loan up to Rs 7.5 Lakhs – 10.55%

Education loan more than Rs 7.5 Lakhs – 10.95%

UCO Premium Education Loan Scheme – 9.70%

UCO Super Premium Loan Scheme – 8.55%

Interest rates for education loan offered by UCO bank are given below:

- For loan up to 7.5 lacs = Base rate + 2.50%

- For loan above 7.5 lacs = Base rate + 2.25%

RBI keeps changing the base rate during their monetary policy according to the economic condition of the country.