Education and Career Forum

Hello everyone, I want to apply an education loan in United Bank of India. I want to do MBA through this education loan from this bank. Can I know about the interest rates charges of this bank education loan? Waiting for your response!

At present Interest rates under United Bank of India Education Loan scheme are as follows.

Loan up to Rs.4 lakh (Boy Student):
MCLR + 3.15) % = 12.55%
Girl Student: (MCLR + 2.65) % = 12.05%

Rs.4 lakh to Rs.7.5 lakh (Boy Student):
(MCLR + 2.90) % = 12.30%
Girl Student: (MCLR + 2.40) % = 11.80%

Rs.7.5 lakh and above (Boy Student):
MCLR + 2.15) % = 11.55%
Girl Student: (MCLR + 1.65) % = 11.05%

Originally Posted by Unregistered

Hello everyone, I want to apply an education loan in United Bank of India. I want to do MBA through this education loan from this bank. Can I know about the interest rates charges of this bank education loan? Waiting for your response!

Interest rates under United Bank of India education loan scheme for MBA course are given below:

Interest rate for education loan up to Rs 7.50 Lac – MCLR + 2.20% i.e. 11.05%

Interest rate for education loan above Rs 7.50 Lac – MCLR + 2.15% i.e. 11.00%

0.50% concession is available in interest rate for girl students.

Students can contact the United Bank of India branch for more details. They can also find the details in the website link given Click Here