UCO Bank Education Loans – Interest Rate, Eligibility & more.

Scholarship Examination in India

This article provides complete information about UCO Bank Education Loans such as Interest Rate, Eligibility, processing charge  & more.



Studies in India

Approved courses leading to graduate/postgraduate (Masters & PhD. degree and PG Diplomas conducted by recognized colleges/universities, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.).

Computer Certificate courses of reputed institutes accredited to DoE.

Courses like ICWA, CA, CFA, etc.

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 the U.S.A., etc.


Age limit

For Graduation

  • 28 years for general candidates
  • 30 years for SC/ST candidates

For Post Graduation:

  • 30 years for general candidates
  • 33 years for SC/ST candidates



The main conditions for eligibility include

  • A student must be an Indian National
  • Secured admission to a higher education course in India or entrance test or selection process after completion of HSC (10 plus 2 or equivalent)


Quantum of loan

  • Studies in India: Maximum Rs. 10.00 Lac
  • Studies Abroad: Maximum Rs. 20.00 Lac



  • Upto Rs. 4.00 lacs– No security, co-obligation of parents
  • Above Rs. 4.00 lacs & upto Rs. 7.50 lacs: Co-obligation of parents, collateral in the form of a suitable 3rd party guarantee
  • Above Rs. 7.50 lacs: Co-obligation of parents, tangible collateral security equivalent to the full value of the loan



  • Upto Rs. 4.00 Lakhs: NIL
  • Above Rs. 4 Lac Studies in India – 5%
  • Studies Abroad – 15%



Group Life Insurance Cover Scheme for Educational Loan Borrowers to cover the outstanding loan in case of accidental or natural death of the borrower.


Processing Charge

There are no processing charges



Disbursement in stages as per the requirement directly to institutions.


Processing Charge


Education Loans

Spread over Base Rate

Effective Rate

Upto Rs.7.50 lacs



More than Rs.7.50 lacs



Premier Education Loan Scheme



Vocational Education Loan Scheme




  • Upto Rs 7.50 lacs :- Base rate + 2.50%
  • Above Rs.7.50 lacs :- Base Rate + 2.25%


Repayment Period

15 years (180 EMI) for all categories of the loan after the moratorium period


Repayment holiday / Moratorium Period

Course period + 1 year after completion of studies for all categories.

For further details, please click here

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