Education Loan

The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd. provides Education Loans for professional and technical courses including MBA, BBA, Engineering, MBBS and other recognized degree programs.

Financial Support for Higher Education

The Education Loan scheme helps students pursue higher education without financial burden and supports career development through quality education.

Loans are available jointly with earning parents for recognized professional and technical courses.

The Bank offers transparent processing, attractive interest rates and convenient repayment options for deserving students.

Key Features & Benefits

Professional Courses Covered

MBA, BBA, Engineering, MBBS and other recognized technical courses.

Joint Parent Facility

Education loans available jointly with earning parents.

Admission Fee Reimbursement

Admission fee reimbursement facility available as per Bank norms.

Affordable Interest Rates

Attractive and competitive interest rates for students.

Flexible Eligibility

Eligibility based on fee structure and repayment capacity.

Easy Documentation

Simple and transparent documentation process.

Education Loan Details

Loan Type	Loan Amount	Interest Rate	Repayment Period
Education Loan	Up to ₹5 Lakh	9.00%	As per Course Duration & Bank Norms
Education Loan	Above ₹5 Lakh to ₹10 Lakh	10.00%	As per Course Duration & Bank Norms

Terms & Conditions

Fee paid at the time of admission may be reimbursed by the Bank.
Reimbursement of admission fee shall be allowed within 3 months from first fee payment.
Remaining fees shall be paid directly to the College / Institution Account.
Two references who know the borrower are required.
Maximum limit recommendation is restricted up to 75% of fee structure or 85% value of plot as per DLC Rate / Realisable Value whichever is less along with other eligible criteria.
Maximum loan is restricted up to 400% of annual income of eligible earning members and also depends upon the loan tenure.

Documents Required

Completed Loan Application Form
Student & Parent KYC Documents
Admission Letter / College Confirmation
Fee Structure of Institution
Academic Mark Sheets / Certificates
Income Proof of Parent / Guardian
Bank Statement of Last 6 Months
Passport Size Photographs

Important Information

Education Loans are sanctioned subject to eligibility, repayment capacity, documentation verification and applicable Bank norms. The Bank reserves the right to approve or reject any application based on internal assessment and verification.