EasyShiksha × UniCreds education loans

Union Bank of India education loan

A public sector bank with low starting rates and a small, refundable processing fee. Collateral-free loans are available for listed universities. Apply free through EasyShiksha and a UniCreds expert does the legwork.

UniCreds lending partner

From 9.30% p.a.*
Up to ₹75 lakh secured*
Up to ₹40 lakh (listed universities only) without collateral*
Public sector bank

20,000+ students have funded their studies with UniCreds

100% free

Check your Union Bank of India loan eligibility

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Union Bank of India education loan at a glance

A public sector bank with low starting rates and a small, refundable processing fee. Collateral-free loans are available for listed universities.

Lender type: Public sector bank
Interest rate*: 9.30% p.a. up to ₹40 lakh; 10.55% p.a. above ₹40 lakh
Loan with collateral: ₹75 lakh
Loan without collateral: ₹40 lakh (listed universities only)
Processing fee: ₹5,000, refundable
Margin money: Nil up to ₹4 lakh; 15% above
Repayment tenure: Up to 15 years (including course and moratorium)
Moratorium: Course duration + 12 months
Prepayment charges: Nil
Countries: All countries
Apply through: EasyShiksha × UniCreds (free)
Typical decision: After document check by the lender

Highlights, eligibility and documents

Highlights

Low starting rate of 9.30% p.a. for loans up to ₹40 lakh
Refundable processing fee of ₹5,000
Covers degrees, PhDs and certified courses such as CIMA and CPA (not diplomas)
Interest subsidy schemes for eligible students
No age limit

Who can apply

Indian citizen
Admission through the institution’s selection process
Both parents as co-applicants (or spouse/in-laws if married)
Up to ₹4 lakh: no security; ₹4 – 7.5 lakh: third-party guarantee; above ₹7.5 lakh: collateral

Documents

Student

Passport, PAN and Aadhaar
Address proof
Admission or offer letter
Mark sheets and transcripts
Test scores (GRE, GMAT, IELTS, TOEFL)

Co-applicant

PAN and Aadhaar
Salary slips or ITRs (2 – 3 years)
Bank statements (6 months)
Business proof if self-employed

Other

University cost-of-attendance statement
Scholarship letters, if any
Property or FD papers for secured loans

Form to funding in 5 steps

100% digital, with a real person helping you the whole way.

Share your plans

Where, what and when you want to study, and how much you need.
Chat with an expert

A UniCreds specialist calls and explains your options.
Upload documents

All online from home. No branch visits.
Get the best rate

Your expert negotiates with lenders for you.
Get sanctioned

Sanction letter in as little as 48 hours*.

Union Bank of India vs other lenders

Not sure this is the right lender? Compare starting rates and limits, or let your expert shortlist for you.

Lender	Type	Interest (p.a.)*	With collateral	Without collateral	Processing fee
ICICI Bank	Private bank	From 10%	₹2 crore	₹1 crore	0.5% – 1% + GST
Axis Bank	Private bank	From 9.5%	₹3 crore	₹75 lakh	0.5% – 1% + GST
IDFC FIRST Bank	Private bank	From 9%	₹2 crore	₹75 lakh	0.5% – 1%
YES Bank	Private bank	From 11%	₹2 crore	₹50 lakh	0.5% – 1%
Union Bank of India	Public sector bank	From 9.30%	₹75 lakh	₹40 lakh (listed universities only)	₹5,000, refundable
Punjab National Bank	Public sector bank	From 9.25%	₹2 crore	₹8 lakh	From 0.5%
Credila	NBFC	From 9.95%	No upper limit	₹75 lakh	0.85% – 1% of the loan
Avanse	NBFC	From 10.75%	₹2 crore	₹1 crore	0.5% – 1% + GST
Avanse Global	NBFC	From 10%	Not offered	Based on your profile	From 3.99%
InCred	NBFC	From 11.4%	₹2 crore	₹75 lakh	From 1%
Auxilo	NBFC	From 11.25%	₹2 crore	₹80 lakh	From 0.5%
Tata Capital	NBFC	From 11%	₹2 crore	₹75 lakh	0.5% – 1%
Poonawalla Fincorp	NBFC	From 10%	₹3 crore	₹1 crore	From 0.75%
Edgro	NBFC	From 11.5%	Not offered	₹1 crore	From 1%
FinZ	NBFC	From 10.75%	Not offered	₹75 lakh	0.75% – 1.25%
Prodigy Finance	International lender	Variable	Not required	Based on your course and school	From 5%
MPOWER Financing	International lender	From 12.99%	Not offered	Up to ₹95 lakh	Ask your loan expert

*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.

Union Bank of India education loan FAQs

What is the Union Bank of India education loan interest rate?

9.30% p.a. up to ₹40 lakh; 10.55% p.a. above ₹40 lakh*. Your final rate depends on your profile, co-applicant, course and university.

How much can I borrow from Union Bank of India without collateral?

₹40 lakh (listed universities only)*, depending on your profile. With collateral: ₹75 lakh.

What is the moratorium on a Union Bank of India education loan?

Course duration + 12 months. Repayment tenure: up to 15 years (including course and moratorium).

What is the Union Bank of India processing fee?

₹5,000, refundable*. Margin money: nil up to ₹4 lakh; 15% above.

How do I apply for a Union Bank of India education loan through EasyShiksha?

Fill in the free form on this page. A UniCreds loan expert checks your eligibility with Union Bank of India and other lenders, helps with documents and negotiates the offer for you.

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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.