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United Superb Education Loan Scheme
 

List of Approved Colleges/ Institutes

For List A Institutes:
Click here to view

For List B Institutes :
 Click here to view
 

Repayment of Loan:

The loan is to be repaid in 10 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.

Life Insurance Coverage (Mandatory):

To ensure security to student's and borrower's life and against their loan liability and additional loan component for payment of one-time premium for such insurance coverage my be sanctioned by Bank on request from the borrower(s).

Note:

The accrued interest if not serviced during moratorium period is to be added to the principal and EMI fixed on the total amount of Principal and capitalized interest.

Security:

For List A Institutes
Upto Rs 20 Lac-No collaterals
Above Rs 20 Lac-Tangible collaterals covering loan amount

For List B Institutes
Upto Rs 10 Lac-No collaterals
Above Rs 10 Lac-Tangible collaterals covering loan amount


Eligibility

The student of Indian national to pursue admission to the above courses through entrance test / merit based selection process in India

Concession in interest rate

0.25% interest concession is allowed to girl students during moratorium period and also repayment period under B category Institutes

Margin

For List A Institutes
Upto Rs 20 Lac-Nil,
Above Rs 20 Lac-5%

For List B Institutes
Upto Rs 10 Lac-Nil
Above Rs 10 Lac-5%

Processing Charge

Nil

 
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