Bank
Union Bank of India Education Loan
A public-sector bank with a dedicated education loan scheme for Indian students going abroad. Competitive secured rates and high loan limits make it a strong option for students who can offer property as collateral.
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Interest Rates & Limits
At a glance
Secured Rate
8.25 - 10.35 %
Up to ₹ 1,50,00,000 MAX
Unsecured Rate
7.1 - 10.35 %
Up to ₹ 40,00,000 MAX
Loan Details
What to expect
Collateral Required
Residential or commercial property, FD, or LIC policy.
Loan Tenure
Up to 15 years (including moratorium).
Moratorium Period
Course duration + 12 months.
Processing Fee
Nil for most education loans.
Best Suited For
Students with strong collateral seeking a large loan at a low rate.
Important: Rates and terms shown are indicative based on our lending partnerships as of 2025–26. Actual rate, amount, and eligibility depend on your profile and are subject to lender assessment. Always confirm directly with Union Bank of India or through our counsellors before applying.
Documents Needed
What you'll typically need
- Confirmed admission letter from your university.
- Academic transcripts — 10th, 12th, and graduation.
- GRE / GMAT / IELTS / TOEFL scores (if applicable).
- KYC documents of student and co-applicant (Aadhaar, PAN, Passport).
- Co-applicant income proof — salary slips / ITR / bank statements.
- Collateral documents — title deed, encumbrance certificate, valuation report.
- University fee structure and cost of attendance breakdown.
Country-Wise Rates
Rates by destination country
Rates and limits vary by country. Click a country for full details.
Rates are indicative as of 2025–26. Confirm with the lender before applying.
Ready to apply through Union Bank of India?
We'll check your eligibility, negotiate the rate, and walk you through the paperwork — so you focus on your degree, not the bank.
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