Education and Career Forum

I want to know that what is the maximum amount I can get in an education loan of UCO Bank Education Loan Scheme so that I can study MS course in Abroad? I am interested to do MS in Abroad so I want to get an education loan and I got a positive feedback of this scheme of education loan.

The maximum amount that you can get from UCO Bank Education Loan Scheme is Rs. 20 lakhs for pursuing MS course in Abroad.

The repayment tenure of UCO Bank Education Loan Scheme is maximum 15 years after completion of moratorium period (course period plus one year).

Originally Posted by Unregistered

I want to know that what is the maximum amount I can get in an education loan of UCO Bank Education Loan Scheme so that I can study MS course in Abroad? I am interested to do MS in Abroad so I want to get an education loan and I got a positive feedback of this scheme of education loan.

Students can get a maximum of Rs 20 Lakhs for studying MS in aboard universities under UCO Bank Education Loan Scheme.
UCO Bank offers education loan for studying MCA, MBA, MS, etc. in abroad universities. UCO Bank also offers education loans for the courses conducted by CIMA – London, CPA in USA, etc. Interested students can download the application from https://www.ucobank.com/english/Personal-Loans-Advances.aspx or can contact the UCO Bank branch for more details.

Maximum amount you can get through education loan is 20 lakh.

But you need to mortgage the property for that type of loan which is mainly abroad.

Since there was clause that from 4 to 7 lakh there is no need of property where as more than 7 lakh you have to make equitable mortgage the property in favour of bank.

So in this way maximum amount you can get as a loan is 20 lakh.

Here you need to get the personal guarantee where in the income of guarantor should be equal to the coapplcants.