यूनियन बैंक ऑफ इंडिया यूनियन एजुकेशन स्कॉलर योजना
Tiered premier institute education loan from Union Bank offering up to ₹40 Lakh without collateral and zero margin for students entering top colleges.
📋पात्रता मानदंड एवं मार्जिन मनी (Eligibility & Margin Rules)
पात्रता की शर्तें
Indian students who have secured admission to premier educational institutions listed under Union Bank Category A and Category B rosters.
मार्जिन मनी आवश्यकता
Nil margin across all premier institute tiers up to the approved loan ceiling.
जमानत / कोलेटरल आवश्यकता (Collateral Requirement)
Nil collateral up to ₹40 Lakh for Category A institutes (IITs, IIMs, IISc); Nil up to ₹25 Lakh for Category B (NITs, top B-schools).
विशेष सरकारी ब्याज सब्सिडी (CSIS / सरकारी लाभ)
Full CSIS subsidy available for eligible candidates whose parental income does not exceed ₹4.50 Lakh p.a.
📂खर्चे एवं आवश्यक दस्तावेज (Expenses Covered & Documents)
कवर किए जाने वाले शैक्षणिक खर्चे
100% of college fee, hostel fees, books, computer, and reasonable living expenses.
आवेदन हेतु आवश्यक दस्तावेज
Vidya Lakshmi application, admission letter with roll number, fee breakdown, 10th/12th/entrance scorecard, KYC of student and co-borrower, income certificate or salary slips.
⚠️क्या कमी है / महत्वपूर्ण चेतावनियां (Honest Disclosures & Caveats)
Tiering system determines rate: Category A gets lowest EBLR spread whereas Category B/C pays 40–80 bps higher; co-obligation of parents mandatory; third-party guarantees may be requested if parent CIBIL score is impaired; non-approved colleges are excluded.
🚀आवेदन प्रक्रिया (Official Application Process)
1. Apply through Vidya Lakshmi portal under Union Education Scholar. 2. Select your institute tier category. 3. Upload entrance scorecard and admission offer. 4. Branch fast-tracks sanction with specialized premier-desk approval. 5. Complete documentation for fee remittance.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
How are institutes classified under Union Education Scholar?
Institutes are classified into Category A (IITs, IIMs, top medical and law schools with up to ₹40L unsecured), Category B (NITs, reputed state universities with up to ₹25L unsecured), and Category C.
Is there any margin money required for Category A institutes?
No. Union Bank requires 0% margin money for Category A and Category B institutions under the Scholar scheme.
Can existing students who already joined second year apply?
Yes, bonafide students already pursuing courses in approved premier institutions can apply for the remaining semesters.