UCO Bank Education Loan

The education loan scheme of UCO bank is supposed to be a helping hand for those meritorious Indian students who want to pursue higher education in either India or in abroad.

Bank Name Amount of Loan Repayment Tenure Interest Rate

10 - 20 lacs

15 years

11.95 - 12. 20 %

Eligible Courses

Studies in India:

  • The graduation courses which may lead to a graduation degree to the candidate pursuing these courses include B.A., B.Com. And B.Sc. etc.
  • The courses in India which can lead to the master degree
  • The course of Ph.D. is also included in it.
  • The UCO bank does also provide education loan to the student who has secured admission in the professional course like engineering, agriculture, medical, veterinary, computer, management and dental etc.
  • The courses of computer certifications affiliated from any one of the university or department of electronics.
  • CA, ICWA and CFA like courses

Studies abroad:

  • Only job oriented technical / professional graduation courses. The course should be offered by some of the reputed foreign university.
  • MS, MBA and MCA like post-graduation courses
  • Course from CPA, US or CIMA, London

Expenses that can be considered for granting loan

The fee for course which is considered is given below.

  • Hostel fee / college fee to be paid for the course
  • Library fee / examination fee / laboratory fee etc.
  • Expenses considered for other required things like purchasing of equipment / books / study material and instruments
  • The fund required for the thesis / research / project work.
  • The expenses for travel and passage in case if the student lives and study abroad
  • The expenses which are considered necessary for the student as prescribed by the university authorities

Amount of loan granted

  • 10 lakhs maximum for studying in India and
  • 20 lakhs maximum for studying abroad

Interest rates

Interest rate is subject to change as per the rules of the bank and reserve bank of India. But the current rates are 12.20 upto 7.50 lacs and 11.70 for more than 7.5 lacs.

Processing fee

There is no service charge or processing fee is taken from the applicant / student for granting loan

Repayment tenure

  • After completion of moratorium period the repayment period starts which generally lasts for 15 years of time.
  • Moratorium period is one year later to the completion of course or 6 month of job later to completion of course.


  • No security is taken for the loan of amount up to 4 lakhs
  • Third party guarantee security is taken for the loan of amount greater than 4 lakhs and less than 7.5 lakhs
  • Collateral security of appropriate value for loans of more than 7.5 lakhs


  • Nil – up to 4 lakhs
  • Margin percentage for loan of amount greater than 4 lakhs is given below
  • 5 % if the student studies in India
  • 15 % if the student studies abroad

Required Documents

  • Completely filled application form
  • Proof of admission in any one of the courses which are eligible for education loan 
  • All the documents of the student from the past academic background
  • Other proofs like address and Identity.

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Alliance University
Bennett University, Greater Noida
Greater Noida
Arni University, Kangra
Presidency University
Milestones Institute Of Allied Health Sciences
RV University
Desh Bhagat University
Fatehgarh Sahib
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Guru Kashi University
St. Francis De Sales College
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