{"id":13525,"date":"2022-04-01T13:50:05","date_gmt":"2022-04-01T08:20:05","guid":{"rendered":"https:\/\/test-blog.unicreds.com\/blog\/?p=13525"},"modified":"2025-01-03T12:17:20","modified_gmt":"2025-01-03T06:47:20","slug":"uco-bank-education-loan","status":"publish","type":"post","link":"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/","title":{"rendered":"All About The UCO Bank Education Loan &#8211; 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#Education_Loan_Interest_Rate_In_UCO_Bank\" >Education Loan Interest Rate In UCO Bank<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#Documents_Required\" >Documents Required:<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#Processing_Fees_of_UCO_Bank_Education_Loan\" >Processing Fees of UCO Bank Education Loan<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#What_are_the_various_costs_covered_under_the_UCO_Bank_Student_Loan_Scheme\" >What are the various costs covered under the UCO Bank Student Loan Scheme?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#Comparison_Of_UCO_Bank_Education_Loan_Schemes_for_Students\" >Comparison Of UCO Bank Education Loan Schemes for Students<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/unicreds.com\/blog\/uco-bank-education-loan\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"bsf_rt_marker\"><\/div>\n<p><\/p>\n\n\n\n<p>UCO Bank is a large public sector commercial bank in India, founded in 1943. United Commercial Bank was its previous name. Deserving and meritorious students seeking higher education in India or abroad can apply for a UCO Bank education loan.&nbsp;<\/p>\n\n\n\n<p>A student must be an Indian national and have earned admission to a higher education course following 10+2 or equivalent to be eligible for a study loan from UCO Bank. UCO Bank offers <a href=\"https:\/\/unicreds.com\/abroad-education-loan\" target=\"_blank\" rel=\"noreferrer noopener\">abroad education loan<\/a> with flexible repayment of student loan options and repayment periods that begin after one year of completion of the course.<\/p>\n\n\n\n<p>We\u2019ll go through all the features, requirements, and benefits of a UCO Bank student loan in this article.<\/p>\n\n\n\n<p>So, let\u2019s get started.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td colspan=\"2\"><strong>UCO Bank Education Loan Overview<\/strong><\/td><\/tr><tr><td>Features<\/td><td>UCO Bank Education Loan<\/td><\/tr><tr><td>Interest Rate<\/td><td>Fluctuating rate of 12.20% per annum for loans above INR 7.5 lakhs&nbsp;&nbsp;<br>11.20% per annum for loans below INR 7.5 lakhs<\/td><\/tr><tr><td>Margin Money<\/td><td>No margin money for loans up to INR 4 lakhs\u00a0\u00a0<br>Up to 15% for international education loans above INR 4 lakhs<\/td><\/tr><tr><td>Maximum Loan Amount<\/td><td>Up to INR 10 lakhs for in-country Indian studies&nbsp;<br>Up to INR 20 lakhs for studies abroad<\/td><\/tr><tr><td>Repayment Duration<\/td><td>Begins one year after course completion<br>Up to 15 years repayment duration<\/td><\/tr><tr><td>Collateral Requirement<\/td><td>For loans up to Rs.7.50 lakhs: Co-signing by parents, no security or third-party guarantee required&nbsp;&nbsp;<br>For loans above Rs. 7.50 lakhs: Co-obligation of parents and tangible collateral security equivalent to the loan amount required<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How To Apply For UCO Bank Education Loan<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>To apply for a UCO Bank Education Loan online or offline, you have the following options:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Offline Application:<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit the nearest UCO Bank branch.<\/li>\n\n\n\n<li>Collect the education loan application form from the bank officials.<\/li>\n\n\n\n<li>Fill in the application form with accurate and complete details.<\/li>\n\n\n\n<li>Attach all the required documents as specified by the bank.<\/li>\n\n\n\n<li>Submit the completed application form and supporting documents to the bank representative.<\/li>\n\n\n\n<li>The bank will process your application and communicate further instructions or requirements.<\/li>\n<\/ol>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Online Application:<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit the official website of UCO Bank.<\/li>\n\n\n\n<li>Navigate to the &#8220;Borrow&#8221; section and select &#8220;Education Loan.&#8221;<\/li>\n\n\n\n<li>Look for the &#8220;Apply Now&#8221; button and click on it.<\/li>\n\n\n\n<li>You will be directed to the online application page.<\/li>\n\n\n\n<li>Fill in all the requested information in the application form.<\/li>\n\n\n\n<li>Double-check the provided details for accuracy.<\/li>\n\n\n\n<li>Submit the completed application form electronically.<\/li>\n\n\n\n<li>After submitting the form, a representative from the bank will contact you regarding your loan application.<\/li>\n<\/ol>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>Please note that the online application process may vary depending on the bank&#8217;s website design and functionality. It is advisable to follow the instructions provided on the official UCO Bank website during the application process.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\r\n<p><style>\r\n        .container {\r\n            width: 100%;\r\n            height: 70px;\r\n            background-color: #F5F5F5;\r\n            position: relative;\r\n        }\r\n        .vertical-line {\r\n            position: absolute;\r\n            left: 0;\r\n            top: 0;\r\n            width: 7px;\r\n            height: 100%;\r\n            background-color: #417B28;\r\n        }\r\n        .text {\r\n            position: absolute;\r\n            left: 25px;\r\n            top: 50%;\r\n            transform: translateY(-50%);\r\n            color: black;\r\n            font-family: \"Poppins\", sans-serif;\r\n            font-size: 18px;\r\n            padding: 0;\r\n        }\r\n        \/* The new CSS class for the anchor tag *\/\r\n        .link {\r\n            line-height: 1.5; \/* Default line height for desktop *\/\r\n        }\r\n        \/* CSS Media Queries *\/\r\n        @media only screen and (max-width: 768px) {\r\n            .container {\r\n                height: 100px;\r\n            }\r\n            .vertical-line {\r\n                width: 5px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 2;\r\n            }\r\n        }\r\n        @media only screen and (max-width: 480px) {\r\n            .container {\r\n                height: 80px;\r\n            }\r\n            .vertical-line {\r\n                width: 3px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 1.5;\r\n            }\r\n        }\r\n    <\/style><\/p>\r\n<div class=\"container\">\r\n<div class=\"vertical-line\">\u00a0<\/div>\r\n<div class=\"text\"><b>Know About :<\/b> <a href=\"https:\/\/unicreds.com\/blog\/j-and-k-bank-education-loan\"> J&amp;K Bank Abroad Education Loan<\/a><\/div>\r\n<\/div>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_Loan_Interest_Rate_In_UCO_Bank\"><\/span><strong>Education Loan Interest Rate In UCO Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Students can obtain study loans at a fluctuating rate of 12.20 per cent per annum. The appropriate interest rate for loans less than INR 7.5 lakhs is 11.20 per cent per annum.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is the margin money for the UCO Bank education loan?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p><p>For education loans of up to INR 4 lakhs, there is no&nbsp; margin money on education loan. The margin of money for loans of more than INR 4 lakhs is up to 15% for international education.<\/p>\n<p>&nbsp;<\/p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is the maximum amount of money that can be borrowed from the UCO Bank education loan?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>The bank can lend up to INR 10 lakhs for in-country Indian studies and up to INR 20 lakhs for studies abroad.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How long does it take to repay a UCO Bank education loan?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p><p>The repayment of a UCO Bank study loan begins one year after the course is completed. For all loans, the repayment duration might be up to 15 years.<\/p>\n<p>&nbsp;<\/p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What kind of security must be put up as collateral for a UCO Bank education loan?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For loans up to Rs.7.50 lakhs, parents must co-sign and there is no security or third-party guarantee.<\/li>\n\n\n\n<li>Co-obligation of parents and tangible collateral security equal to the whole value of the needed loan amount is required for loans above Rs. 7.50 lakh.<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required\"><\/span><strong>Documents Required:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Address Proof: Electricity Bill, Voter ID, Passport, and more.<\/li>\n\n\n\n<li>Academic Proof: All your 10th and 12th-grade mark sheets for undergraduate students and graduation degree mark sheet &amp; certificate for Masters\/PG students.&nbsp;<\/li>\n\n\n\n<li>Age proof<\/li>\n\n\n\n<li>Family Income proof: Salary Documents, ITR, Pension Certificate of parent\/guardian.<\/li>\n\n\n\n<li>Community Certificate<\/li>\n\n\n\n<li>Admission Certificate or I20 form from your university or college<\/li>\n\n\n\n<li>Fee structure<\/li>\n\n\n\n<li>Collateral Documents (if applicable)<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Processing_Fees_of_UCO_Bank_Education_Loan\"><\/span><strong>Processing Fees of UCO Bank Education Loan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>When you apply for UCO Bank Education Loan, there is no processing fee charged.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Eligibility Criteria<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nationality: <\/strong>The applicant must be an Indian citizen.<\/li>\n\n\n\n<li><strong>10+2:<\/strong> The candidate must have completed 10+2 with good grades.<\/li>\n\n\n\n<li><strong>Eligible Courses: <\/strong>Courses leading to a bachelor&#8217;s degree, a master&#8217;s degree, or a diploma.<\/li>\n\n\n\n<li><strong>Age<\/strong>: General candidates&#8217; maximum age limit for graduation is 28 years, whereas Post-Graduation candidates&#8217; maximum age limit is 30 years. For SC\/ST candidates, there is a two-year grace period.<\/li>\n\n\n\n<li><strong>Basis of Admission<\/strong>: Admission should have been granted either through an entrance exam or on the basis of merit.<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\"><button style=\"background-color: #289048; color: white; border: none; padding: 10px 20px; border-radius: 5px; font-size: 18px; font-weight: bold;\"> <a style=\"text-decoration: none; color: white;\" href=\"https:\/\/unicreds.com\/education-loan-eligibility?utm_source=uc-blog&amp;utm_medium=organic&amp;utm_campaign=eligibility-button\" target=\"_blank\" rel=\"noopener\">Check Your Eligibility<\/a> <\/button><\/div>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\r\n<p><style>\r\n        .container {\r\n            width: 100%;\r\n            height: 70px;\r\n            background-color: #F5F5F5;\r\n            position: relative;\r\n        }\r\n        .vertical-line {\r\n            position: absolute;\r\n            left: 0;\r\n            top: 0;\r\n            width: 7px;\r\n            height: 100%;\r\n            background-color: #417B28;\r\n        }\r\n        .text {\r\n            position: absolute;\r\n            left: 25px;\r\n            top: 50%;\r\n            transform: translateY(-50%);\r\n            color: black;\r\n            font-family: \"Poppins\", sans-serif;\r\n            font-size: 18px;\r\n            padding: 0;\r\n        }\r\n        \/* The new CSS class for the anchor tag *\/\r\n        .link {\r\n            line-height: 1.5; \/* Default line height for desktop *\/\r\n        }\r\n        \/* CSS Media Queries *\/\r\n        @media only screen and (max-width: 768px) {\r\n            .container {\r\n                height: 100px;\r\n            }\r\n            .vertical-line {\r\n                width: 5px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 2;\r\n            }\r\n        }\r\n        @media only screen and (max-width: 480px) {\r\n            .container {\r\n                height: 80px;\r\n            }\r\n            .vertical-line {\r\n                width: 3px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 1.5;\r\n            }\r\n        }\r\n    <\/style><\/p>\r\n<div class=\"container\">\r\n<div class=\"vertical-line\">\u00a0<\/div>\r\n<div class=\"text\"><b>Know About :<\/b> <a href=\"https:\/\/unicreds.com\/blog\/south-indian-bank-education-loan\">South Indian Bank Abroad Education Loan<\/a><\/div>\r\n<\/div>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_various_costs_covered_under_the_UCO_Bank_Student_Loan_Scheme\"><\/span><strong>What are the various costs covered under the UCO Bank Student Loan Scheme?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>Some of the prime expenses covered under the bank education loan scheme are mentioned below: Laboratory costs, examination fees, library fees, cost of instruments, stationery, equipment, uniforms, and academic books, building fund, refundable deposit, travel expenses for studying abroad, caution deposit too. For travelling, you will get boarding and student accommodation charges involved, paying guest or private hostel costs and more. A personal computer that will be required for your course, study tours that come along your course journey, cost of project work, final thesis, etc.&nbsp;<\/p>\n\n\n\n<p>Will there be any interest charged during the&nbsp; period of moratorium of the education loan?<\/p>\n\n\n\n<p>Yes, interest is going to get accumulated on your education loan during the span of your moratorium period. This rate will be added to the principal amount when the actual repayment starts.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Are there any evening courses covered under the education loan?<\/strong><\/h3>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>Yes, even evening courses are a part of the education loan schemes, provided they must be conducted and held by government-approved educational institutions.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Penalty for Pre-payment?<\/strong><\/h3>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>No, there is no penalty as such charged if one chooses to make a prepayment on the education loan at any time during the repayment period.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_Of_UCO_Bank_Education_Loan_Schemes_for_Students\"><\/span>Comparison Of UCO Bank Education Loan Schemes for Students<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>When comparing UCO Bank&#8217;s education loan schemes for students, it&#8217;s important to consider factors such as interest rates, processing fees, collateral requirements, loan tenure, and eligibility criteria. Let&#8217;s go through each scheme to understand the variations and benefits of each.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Loan Scheme<\/strong><\/td><td><strong>Interest Rate<\/strong><\/td><td><strong>Processing Fee<\/strong><\/td><td><strong>Collateral<\/strong><\/td><td><strong>Loan Tenure<\/strong><\/td><td><strong>Eligibility<\/strong><\/td><\/tr><tr><td>UCO Bank Education Loan<\/td><td>Ranges from 11.70% to 12.10% p.a.<\/td><td>None<\/td><td>Up to Rs.7.5 lakh: None<br>Above Rs.7.5 lakh: Tangible<\/td><td>15 years after moratorium<\/td><td>Open to Indian nationals<\/td><\/tr><tr><td>UCO Premier Educational Loan<\/td><td>10.85% p.a.<\/td><td>None<\/td><td>Up to Rs.10 lakh: None<\/td><td>15 years<\/td><td>Indian nationals admitted to premier educational institutions in India and overseas through entrance tests<\/td><\/tr><tr><td>UCO Super Premier Loan<\/td><td>9.70% p.a.<\/td><td>None<\/td><td>None<\/td><td>15 years after moratorium<\/td><td>Indian nationals admitted to specified premier educational institutions in India<\/td><\/tr><tr><td>UCO Aspire<\/td><td>9.70% p.a.<\/td><td>0.50% of loan amount (max. Rs.10,000 + GST)<\/td><td>Tangible security equivalent to 125% of loan amount<\/td><td>15 years after moratorium<\/td><td>Indian nationals admitted to higher education courses in the country or through entrance tests after HSC (10+2 or equivalent)<\/td><\/tr><tr><td>UCO Skill Loan<\/td><td>11.20% p.a.<\/td><td>None<\/td><td>None, but parent must be joint borrower<\/td><td>Up to 7 years with a moratorium of 6-12 months<\/td><td>Indian nationals pursuing skill development courses in recognised educational institutions<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>&nbsp;<\/p>\r\n<p><style>\r\n        .container {\r\n            width: 100%;\r\n            height: 70px;\r\n            background-color: #F5F5F5;\r\n            position: relative;\r\n        }\r\n        .vertical-line {\r\n            position: absolute;\r\n            left: 0;\r\n            top: 0;\r\n            width: 7px;\r\n            height: 100%;\r\n            background-color: #417B28;\r\n        }\r\n        .text {\r\n            position: absolute;\r\n            left: 25px;\r\n            top: 50%;\r\n            transform: translateY(-50%);\r\n            color: black;\r\n            font-family: \"Poppins\", sans-serif;\r\n            font-size: 18px;\r\n            padding: 0;\r\n        }\r\n        \/* The new CSS class for the anchor tag *\/\r\n        .link {\r\n            line-height: 1.5; \/* Default line height for desktop *\/\r\n        }\r\n        \/* CSS Media Queries *\/\r\n        @media only screen and (max-width: 768px) {\r\n            .container {\r\n                height: 100px;\r\n            }\r\n            .vertical-line {\r\n                width: 5px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 2;\r\n            }\r\n        }\r\n        @media only screen and (max-width: 480px) {\r\n            .container {\r\n                height: 80px;\r\n            }\r\n            .vertical-line {\r\n                width: 3px;\r\n            }\r\n            .text {\r\n                font-size: 14px;\r\n            }\r\n            \/* Increase the line height for mobile *\/\r\n            .link {\r\n                line-height: 1.5;\r\n            }\r\n        }\r\n    <\/style><\/p>\r\n<div class=\"container\">\r\n<div class=\"vertical-line\">\u00a0<\/div>\r\n<div class=\"text\"><b>Know About :<\/b> <a href=\"https:\/\/unicreds.com\/blog\/andhra-bank-education-loan\">Andhra Bank Abroad Education Loan<\/a><\/div>\r\n<\/div>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>Each scheme has its own advantages depending on the specific needs and circumstances of the student. For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>UCO Premier Educational Loan Scheme offers a relatively lower interest rate and no collateral requirement for loans up to Rs.10 lakh, making it attractive for students pursuing education in premier institutions.<\/li>\n\n\n\n<li>UCO Super Premier Educational Loan Scheme provides the lowest interest rate among the mentioned schemes and requires no collateral, but it is limited to specific premier educational institutions.<\/li>\n\n\n\n<li>UCO Aspire has a competitive interest rate and is available for various higher education courses, but tangible security is required.<\/li>\n\n\n\n<li>UCO Skill Loan focuses on skill development courses and offers a relatively shorter loan tenure and no processing fees, but a joint borrower is required.<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-heading\"><strong>1. What is the interest rate of education loan in UCO?<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The UCO Float Rate includes an additional 1.90% per annum as simple interest during the moratorium period. This means that during the specified period, simple interest will be charged and will continue until the repayment of the loan begins.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-heading\"><strong>2. Who is eligible for an education loan from UCO bank?<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The UCO bank extends its education loan facility to eligible Indian residents who have secured admission in universities, both within India and abroad.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-heading\"><strong>3. What costs are covered under UCO Bank educational loan schemes? <\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>UCO Bank educational loan schemes cover expenses such as examination fees, equipment costs, travel expenses, hostel charges, study materials, and more.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-heading\"><strong>4. Are evening courses covered under UCO Bank educational loan? <\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Yes, evening courses conducted by government-approved educational institutions are covered under UCO Bank educational loan schemes.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-heading\"><strong>5. How long is the moratorium period for UCO Bank educational loan schemes? <\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The moratorium period for UCO Bank educational loan schemes is typically the course duration plus one year after completing the course. During this period, simple interest is charged on a monthly rest basis.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p>We hope that we were able to answer and present you with all the information related to the UCO Bank Education loan. If you have any more questions, feel free to comment them down below.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"https:\/\/schema.org\",\r\n  \"@type\": \"FAQPage\",\r\n  \"mainEntity\": [{\r\n    \"@type\": \"Question\",\r\n    \"name\": \"What is the interest rate of education loan in UCO?\",\r\n    \"acceptedAnswer\": {\r\n      \"@type\": \"Answer\",\r\n      \"text\": \"The UCO Float Rate includes an additional 1.90% per annum as simple interest during the moratorium period. 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During this period, simple interest is charged on a monthly rest basis.\"\r\n    }\r\n  }]\r\n}\r\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UCO Bank is a large public sector commercial bank in India, founded in 1943. United Commercial Bank was its previous name. Deserving and meritorious students seeking higher education in India or abroad can apply for a UCO Bank education loan.&nbsp; A student must be an Indian national and have earned admission to a higher education [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":13850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2578],"tags":[],"class_list":["post-13525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All About The UCO Bank Education Loan - 2025 - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"Deserving and meritorious students seeking higher education in India or abroad can apply for a UCO Bank 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