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The scheme extends a helping hand to meritorious students desirous of pursuing basic/higher/professional/technical education either in India or abroad.

Studies in India

  • School education including plus 2 stage.
  • Graduation courses leading to degrees like B.A., B.Sc., 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.

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.

Eligibility

  • 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.

Quantum of loan

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 :

Course Fees

  • 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.

No security and no margin are required for loans upto Rs.4 lac. There is also no processing fee/upfront charge.

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

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