Student

• Applicant must have secured admission to professional/ technical course through Entrance Test/ Selection Process.
• Secured admission to foreign University / Institution.
• No maximum or minimum income is prescribed for parents/ family.

Courses

a) Studies in India

• School education including plus 2 stage.
• Graduation courses leading to degrees like B.A., B.Sc., B.Com. etc.
• Post Graduate courses leading to Masters degrees as also Ph.D.
• Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
• Computer Certificate courses of reputed institutes accredited to Universities or DoE.
• Courses like ICWA, CA, CFA, etc.

a) Studies abroad

• Graduation : Job oriented professional / technical courses offered by reputed Universities.
• Post Graduation : MCA, MBA, MS, etc.
• Courses conducted by CIMA – London, CPA in U.S.A., etc.

Age Limit

• 18 to 25 years for graduation course – may be extended from 28-30 years for general and SC/ST candidates respectively.
• 21 to 28 years for post-graduation course etc. – may be extended from 30 -33 years for general & SC/ST candidates respectively.

Loan Details

Coverage of Expenses

• Hostel/Boarding Fees including caution deposit/building fund etc.
• Books, Stationery & Equipment required for the course, including Computers.
• Examination/Library/Laboratory fees.
• Travel Expenses/Passage for studies abroad.

Quantum

• Studies in India : Maximum Rs. 7.50 Lac
• Studies Abroad : Maximum Rs. 15 Lac.

Margin

• Upto Rs. 4 Lac - Nil
• For loans above Rs. 4 lacs
  - Studies in India - 5%
  - Studies abroad - 15%

Service Charge : There is no processing fee /upfront /service charge

Security

• Upto Rs. 4 lacs - No Security
• For loans above Rs.4.00 lac -Collateral securities of suitable value.
  
  

• For loans upto Rs.4 lakhs - BPLR minus 1.00%
• For loans above Rs4 lakhs - BPLR minus 0.5%

The loan will be repaid in 5-7 years after commencement of repayment. There will be moratorium for repayment during "the course period +1 year or 6 months after getting job, which ever is earlier".

1% interest concession may be provided, if the interest is serviced during moratorium period.

Contact Details
Head Office
UCO Bank,
10, B T M Sarani, Kolkata – 700 001 ( West Bengal)
Phone : 033-2234 1756
Fax : 033-2225 4182
Website : visit
UCO Bank Regional Offices

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