City Union Bank

The Educational loan scheme aims to provide financial support to deserving/meritorious students for pursuing higher education in India and abroad. The scheme also aims to provide financial assistance to the needy poor to undertake basic education.

Eligibility Criteria:

Student Eligibility:

Student should be an Indian National.

Secured admission to Professional/Technical courses through Entrance Test/Selection Process and should produce proof.

Secured admission to Foreign University/Institutions and should produce proof.

Age: Minimum 18, Maximum 30


Courses Eligible for Study in India:

Graduation Courses : B.A., B.Com, B.Sc., etc., Post Graduation Courses : Masters and Ph.D., Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.

Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University.

Courses like ICWA, CA, CFA, etc.,Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.

The minimum mark/grade will be 60% and 50% for UG & PG courses respectively for SC/ST students. For BC category the minimum marks may be fixed at 65%


Courses Eligible for Study Abroad:

Post-Graduation - MCA, MBA, MS, PhD, etc.,


Loan Amount:

For studies in India, maximum Rs. 5 lacs

For Studies abroad, maximum Rs. 10 lacs



For Studies in India: 15%

For Studies Abroad: 20%


Interest Rate:

For loans upto Rs.4.00 lakhs - 14.75

For loans above Rs. 4.00 lakhs - 15.75



1. The repayment should commence from the 7th month after the completion of the course or after getting the job whichever is earlier. 

2. The loan to be repaid in five years after commencement of repayment in equated monthly installments (including the interest accrued during to repayment holiday period)



Upto Rs. 4.00 Lacs : Nil

Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh: Collateral in the form of a suitable third party guarantee.

Above Rs. 7.50 lacs : Third Party Guarantee and immovable security equal to 100% of the loan amount.