Expences covered
	Fee payable to college/ school/ hostel.
	Examination/ Library/ Laboratory fee.
	Purchase of books/ equipment�s/ instruments/ uniforms.
	Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipt.
	Travel expenses/ passage money for studies abroad.
	Purchase of computers-essential for completion of the course.
	Any other expenses required to complete the course- like study tours, project work, thesis etc.

Courses Eligible
�	Studies in India
		School education including plus 2 stage.
		Graduation courses: BA, B.Com., B.Sc., etc.
		Post Graduation courses: Masters & Ph.D.
		Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
		Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
		Courses like ICWA, CA,CFA, etc.
		Courses like IIM, IIT, IISc, XLRI, NIFT, etc.
		Courses offered in India by reputed foreign universities.
		Evening courses of approved institutes.
		Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ICMR etc.
		Courses offered by National Institutes and other reputed private institutions . Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institutions.
�	Studies abroad
		Graduation: For job oriented professional/technical courses offered by reputed universities.
		Post Graduation: MCA, MBA, MS etc.
		Courses conducted by CIMA-London, CPA in USA etc.

Persons Eligible
	The student should be an Indian National.
	Have secured admission to professional\technical courses through entrance test\selection process
	Have secured admission to foreign university institution.

Loan Amount
	For studies in India Rs. 7.5 lacs.
	For studies abroad Rs. 15 lacs

Interest on Loan
	Upto Rs. 2.00 Lacs :  9.00% (BPLR - 1.75 %)
	Above Rs. 2.00 Lacs & upto Rs.4.00 Lacs : 9.50% (BPLR - 1.25%)
	Above Rs. 4.00 Lacs : 10% (BPLR - 0.75%)
		(The Interest to be debited quarterly on simple basis during the repayment holiday / moratorium period and thereafter on compounding basis.)
	Note:
		1/2 % interest concession may be allowed to loanees if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the Scheme.
		Penal interest @ 2% to be charged for loans above Rs. 2.00 Lacs for overdue amount and overdue period.

Margin
	Upto Rs. 4 lacs		Nil
	Above Rs.4 lacs		Studies in India - 5%
			Studies abroad -15%
	Note:
		Scholarship / assistanship may be included in margin. Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis

Repayment of Loan
	The loan is to be repayed in 5 to 7 years after commencement of repayment. The repayment will commence after a moratorium  / repayment holiday which is Course period plus 1 year or 6 months after getting job whichever is earlier.
	Note:
		to be added to the principal and repayment in EMI fixed.
		If the student is not able to complete the Course within the scheduled time, extension of time for completion of Course may be permitted for a maximum period of 2 years.
		If the student is not able to complete the Course for reasons beyond his control sanctioning authority may at his discretion considers such extension as may be deemed necessary to complete the Course.

Security
	Upto Rs.4.00 Lacs		Nil
	Above Rs. 4.00 Lacs	Security covering entire amount of loan or co-obligation of parents / guardians / 3rd party along with the assignment of future income of the student for payment of installments. The security may be of mortgage of land / building or unencumbered portion of already mortgaged land / building on 2nd charge basis provided the value of the same covers the required loan amount. Alternatively, the security can also be in the form of Govt. Securities / Public Sector Bonds / N.S.C., K.V.P, Surrender value of LIC Pollicies, Gold, Bank Deposits in the name of student / parent / guardian or any other 3rd party with 25% margin on the value of paper securities / Gold Incase the loan is given for purchase of Computer, the same is to be hypothecated to the Bank

    ** Rules are relaxable for exceptionally meritorious students.
 

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
16, Old Court House Street, Calcutta - 700 001
Gen: 033-2487471, Fax: 033-2485852/6922
E-Mail: utbihoc@giasc1O1.vsnl.net.in
Website: www.unitedbankofindia.com