Educational loans

UCO Bank

Bank Type : Goverment Bank
No. Of Branches : 2500

About Bank

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.

Our Vision:

To emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of pride for its employees.

Our Mission:

To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology.

Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The Bank looks forward to the future with excitement and a commitment to bring greater benefits to you.

UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2500 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth.

Loan Procedures


The scheme extends a helping hand to meritorious students desirous of pursuing higher study either in India or abroad.


Studies in India:

Approved courses leading to graduate/post graduate (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 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

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 full value of loan


Upto Rs. 4 Lac 


Above Rs. 4 Lac 

Studies in India 


Studies Abroad 



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

Processing Charge:

There are no processing charges


Disbursement in stages as per the requirement directly to institutions.

Click here for Interest Rates

Repayment Period:

Upto Rs 7.50 lacs :- Upto 10 years

Above Rs.7.50 lacs :- Upto 15 years

Repayment Holiday:

Course period+ 1year or 6 months after getting job whichever is earlier.

1% interest concession is available during moratorium period, if interest is serviced regularly during the moratorium period.

Education Loan Application Can Be Downloaded From Below Documents


UCO Bank Head Office, 10, B T M Sarani, Kolkata - 700 001 West Bengal India.

1800 103 0123

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