PURPOSE | ||||||||||
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ELIGIBILITY | ||||||||||
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QUANTUM OF LOAN | ||||||||||
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MARGIN, I.E. YOUR SHARE | ||||||||||
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MORATORIUM PERIOD | ||||||||||
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REPAYMENT | ||||||||||
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RATE OF INTEREST AND PROCESSING CHARGES | ||||||||||
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SECURITY | ||||||||||
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INSURANCE | ||||||||||
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OTHER CONDITIONS | ||||||||||
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CENTRAL GOVERMENT INTEREST SUBSIDY SCHEME | ||||||||||
The Ministry of HRD has launched Central Government scheme of Interest Subsidy on educational loans for economically weaker sections of the society. The students who satisfy all the following parameters would be eligible for the interest subsidy. § The student has secured admission to any of the approved courses after Class XII in Technical and Professional streams from recognized institutes in India only and availed educational loan from any of the scheduled banks, including Union Bank of India, to pursue the course. § The student belongs to Economically Weaker Section (EWS) with an annual gross parental / family income from all sources not exceeding ` 4.50 Lakhs. The other features of the scheme are as follow :
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Union Education - Union Bank of India Education Loan
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