Students enrolled with an approved Educational Institute and desirous of availing the education loan can make an application, with the earning parent / guardian being the co-applicant to the loan.

Currently, new entrants and existing students of only select leading national educational institutions are eligible to apply for education loans. Please check with your nearest HDFC Office for the list of approved institutions.

Loans are given to students who are citizens of India. The student should have a consistently good academic record, and admission to an approved Educational Institute for pursuing a recognized course.

School education including plus 2 stage.

Graduation courses leading to degrees like B.A., B.Sc., and B.Com. etc.

Post Graduate courses leading to Masters degrees as also Ph.D.

Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.

Computer Certificate courses of reputed institutes accredited to Universities or DoE.

Courses like ICWA, CA, CFA, etc.

Graduation : Job oriented professional / technical courses offered by reputed Universities.

Post Graduation : MCA, MBA, MS, etc.

Courses conducted by CIMA – London, CPA in U.S.A., etc.

Applicant must have secured admission to professional/technical course through Entrance Test/Selection Process.

Secured admission to foreign University / Institution.

No maximum or minimum income is prescribed for parents/family

18 to 25 years for graduation course – may be extended from 28-30 years for general and SC/ST candidates respectively.

21 to 28 years for post-graduation course etc. – may be extended from 30 -33 years for general & SC/ST candidates respectively.

Need based finance subject to repaying capacity of parents/students with following ceilings:

Studies in India: Maximum Rs. 7.50 Lac

Studies Abroad: Maximum Rs. 15 Lac.

The loan amount under the scheme would be for meeting the following expenses :

Hostel/Boarding Fees including caution deposit/building fund etc.

Books, Stationery & Equipment required for the course, including Computers.

Examination/Library/Laboratory fees.

Travel Expenses/Passage for studies abroad.

Upto Rs.4.00 lacs – No security

Above Rs.4.00 lacs – Collateral securities of suitable value.

Service Charge : There is no processing fee /upfront /service charge

The loan will be repaid in 5-7years after commencement of repayment. There will be moratorium for repayment during "the course period+1 year or 6 months after getting job, which ever is earlier".

1% interest concession may be provided, if the interest is serviced during moratorium period.

For more details, please contact your nearest UCO Bank branch.

For more details visit www.ucobank.com/loan.htm#EDUCATIONALLOAN