Education and Career Forum

Can anyone of you please let me know about the loan margin for such students who are applying an education loan in City Union Bank for studying MBA in Abroad? I am interested to apply an education loan in this bank that is why I want to know about the loan margin.

There is not requirement of margin for loan amount up to Rs. 4 lakh. For a loan amount above Rs. 4 lakh, 5% of the loan amount is to be paid by the borrower for studying in India and 15% for abroad studies. Any scholarship or assistantship can also be included in the margin set by the bank. When disbursements are made on a pro-rata basis, the margin can be brought in on year to year basis.

Originally Posted by Unregistered

Can anyone of you please let me know about the loan margin for such students who are applying an education loan in City Union Bank for studying MBA in Abroad? I am interested to apply an education loan in this bank that is why I want to know about the loan margin.

Margin under City Union Bank education loan (CUB-Vidyavani) scheme is given below:

Up to Rs 4 Lakhs – no margin needed

Above Rs 4 Lakhs:
For studies in India – 5%
For studies abroad – 15%

Scholarship / Assistantship to be included in Margin

The margin may be brought in on a year to year basis as and when disbursements are made on a pro-rata basis