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United Superb Education Loan Scheme

The cost of study associated with the premier institutions in the country are on an unprecedented rise. Different institutions fix up course fees taking into consideration the related cost of program, placement record and the emoluments received by the students. In tune with the requirements of the rapidly transforming education system the Bank has launched a new education loan scheme.


If you are an Indian National and secured an admission to the following academic/ professional/ technical courses through Entrance Test/ Selection process in a Board/ Institution/ University, you are welcome to apply for loan under the scheme.

Courses Eligible for Study in India

•  Professional Courses : Engineering, Medical, Management etc. as per Bank’s approved list

Quantum of Loan

•  For study in India: Max. Rs. 30 Lac

Expenses covered by the Loan :

  • Fees payable to College Hostel.
  • Examination/ Library/ Laboratory Fee.
  • Purchase of Books/ Equipments/ Instruments/ Uniforms.
  • Caution Deposit/ Building Fund/ Refundable Deposit supported by Institution Bills/ Receipts.
  • Purchase of Computers essential for completion of the Course.
  • Any other expenses required to complete the Course like study tours, project work, thesis, etc.


For Students in List A institutes

MCLR-Y + 0.05% i.e 8.85%

For Students in List B Institutes

MCLR-Y + 0.55% i.e 9.35%

For Girl students : 0.25% concession from card rate


No concession in interest will be given, even if interest is serviced during the moratorium period.

You have a wide range of choice of deposits through as many as 10 different schemes offered by UBI. You may select them according to your best suited mode of meeting.