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There are many sundry expenses for which union scheme of education loan offers expense. These are given below
You can easily get to know about the latest rate of interest. It is good to know the rate of interest from online website of union bank. The student is also eligible for interest rebate if interest is paid continuously during the period of course of the moratorium period. For more details you can go and contact to the nearest branch.
The currents rates are given below which are subject to change.
No service or processing charge for granting loan is taken from the student.
The moratorium period is considered the minimum time of any one of the given below
It is 15 years regardless of loan amount.
Security is needed to be submitted as per the instructions below
Margin is nil for amount less than 4 lakhs
5 % margin for loan amount more than 4 lakhs in India and 15 % margin for loan of amount more than 4 lakhs in abroad.
The documentation required to submit are listed below however they might change so need to contact nearest branch