United Shikshak Samman Yojana
Teachers community render yeomen service to the society by transforming a
child in to a responsible and productive citizen by inculcating the child with requisite
knowledge, character and compassion. To honour the noble service rendered by the Teachers
and associated personnel, United Bank of India comes in with a unique package of
hassle-free personal loans with relaxed terms and conditions available in form all our
Branches.
Under the Package, finance will be extended under United Housing Loan Scheme, United
Personal Loan Scheme, United Consumer Loan Scheme, United Car Loan Scheme and United
Festival Loan Scheme to the target group as per terms and conditions of respective schemes
with the relaxations as mentioned in this scheme.
| Eligibility |
Teaching and non teaching staff of Govt. and
Govt. aided Schools. Colleges, Universities including Deemed Universities with salary
account with our Bank. |
| Details of
relaxations to be allowed under different Retail Lending Schemes |
| United Housing
Loan Scheme |
Processing Charge |
Nil upto loan amount of Rs.
5 lacs |
Interest rate |
0.25% less than Card Rate of
the Housing loans |
Margin |
For purchase of land/ old
house or flat: 20% |
Other benefits |
No prepayment charges except take over by
other banks
Scope of flexi EMI
|
United
Personal Loan Scheme |
Interest rate |
0.25% less than Card Rate of
the loan |
Quantum of loan |
Max. Rs. 1 lac
Further, for the purpose of the marriage of
the applicant or for marriage of son/ daughter, the applicant may enhance upper ceiling of
loan to Rs. 1.20 lacs and Rs. 1.50 lacs respectively subject to submission of evidence of
marriage like invitation card etc. |
Processing Fee |
Nil |
Repayment |
Max. 60 months |
United
Consumer Loan Scheme |
Interest rate |
0.25% less than Card Rate of
the loan |
Margin |
10% of the cost of the
article |
United
Car Loan Scheme |
Rate of interest |
0.25% less than Card Rate of
the loan |
Margin |
In case of old car only: 20%
of the valuation |
United
Festival Loan Scheme |
Quantum of Loan |
Max. Rs. 30,000/- |
Repayment |
Max. 12 months |
Interest rate |
0.25% less than Card Rate of
the loan |
United
Educational Loan Scheme |
In-principal approval of
sanction of education loans/ daughters of the teachers’ community will be issued. |
The student shall secure at least 65% marks
in the pre-qualifying Examination of Higher Secondary (10+2), CBSC, ISC or its equivalent,
conducted by Schools/ Institutions just before the final examination.
Formal sanction letter shall be issued upon
his/ her getting at least 60% marks in the aforesaid final examination and gaining admission
to a course conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR/
MCI etc. through standard selection procedure and fulfilling all other terms and conditions
of United Educational Loan Scheme.
Candidates who score at least 55% marks in
Graduation examination may also be issued ‘in-principle approval for sanction’
letter for Educational Loan for admission in MBA and MCA. However in this case, he/ she must
be selected for admission to a Postgraduate Professional Institution mentioned in a list of
Institutions maintained by Head Office.
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