UCO Bank

The scheme extends a helping hand to a meritorious student desirous of pursuing higher studies either in India or abroad.

Courses approved


Studies in India

Graduation Courses in recognised universities leading to degrees like B.A., B.Sc, B.Com, B.Tech, B.E., MBBS etc.

Diploma/Certificate courses from recognised universities or Govt. recognised institutes in disciplines of Engineering, Medicine, Agriculture, Computer, Tourism, Hotel Management and such other technical/professional courses.

Chartered Accountancy and Cost & Work Accountancy from the Institute of Chartered Accountants of India and Institute of Cost & Works Accountants of India respectively.


Post Graduate Courses leading to degrees like M.A., M.Sc., M.E., M.Tech, MBA, M.S. M.D. etc.

Post Graduate Research studies in Pure & Applied Sciences, Economics and other Social Sciences etc. in a recognised university leading to Doctoral Degree.

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.



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.



Amount of loan

Need based finance subject to repaying capacity of parents/students with following ceilings :

Studies in India : Maximum Rs. 10.00 Lac 

Studies Abroad : Maximum Rs. 20.00 Lac. 


The loan amount under the scheme would consider meeting the following expenses:

Course Fees

Hostel/Boarding Fees

Cost of Books/Journals

Stationery & Equipment required for the course

Examination Fees

In addition to above, for studies abroad, cost of air passage may be considered if requested by the student.



Upto Rs.4.00 lacs - No security

Above Rs.4.00 lacs - Collateral securities by way of suitable 3rd party guarantee



Upto Rs. 4 Lac - Nil

Above Rs. 4 Lac Studies in India - 5%

Studies Abroad - 15%


Interest Rates

Upto Rs.4 lacs - BPLR - 1.00% i.e. 13.50 % p.a.

Above Rs.4 lacs- BPLR - 0.50% i.e. 14.00% p.a.



The loan will be repaid in 5-7 years after commencement of repayment. There will be moratorium for repayment during "the course period +1 year or 6 months after getting job, which ever is earlier".

1% interest concession may be provided, if the interest is serviced during moratorium period.