UNION BANK OF INDIA EDUCATION LOAN FOR PILOT TRAINING

ELIGIBILITY
The student applying for UNION EDUCATION Loan ought to:
Be an Indian National
Has secured admission to professional or technical courses through an appropriate Entrance Test or selection process
Has secured admission to a foreign University
Has passed an appropriate qualifying examination


QUANTUM OF LOAN

Need-based finance subject to repayment capacity of the parent or student with margin and upto the following ceilings

For studies in India - Up to Rs. 10 lacs
For studies abroad - Up to Rs. 20 lacs

MARGIN

No margin for loans up to Rs. 4.00 lacs . However, for loan of higher amounts, the margin requirement is 5% for inland studies and 15% for studies abroad.


Scholarship/assistance to be included in margin.

Margin maybe brought in on pro-rata basis as and when disbursement is made.

REPAYMENT

Repayment holiday or Moratorium on loan: Course period + 1 year OR 6 months after job placement, whichever is earlier.


Starting from this point, the loan is to be repaid in 5-7 years after completion of course period/moratorium.


RATE OF INTEREST
For Male Student :
Up to Rs. 4.00 lakhs : 11.75% (Fixed)
Above Rs. 4.00 lakhs upto Rs.7.50 lakhs : 12.50% (Fixed)

Above Rs. 7.50 lakhs : 12.00% (Fixed)



For Female Student:
Up to Rs. 4.00 lakhs : 11.25% (Fixed)
Above Rs. 4.00 lakhs upto Rs.7.50 lakhs : 12.00% (Fixed)

Above Rs. 7.50 lakhs : 11.50% (Fixed)

Contact Us.

Website :

http://www.pilottraininginasia.com

http://www.pilottraininginasia.com/unionbankofindia

http://www.pilotsjobinasia.in

http://www.pilotsjobinasia.in/unionbankofindia

http://www.pilottraininginasia.in

http://www.pilottraininginasia.in/unionbankofindia