Education Loan Scheme for Commercial Pilot Training Programme / Course career in aviation, aviation careers, UCO Bank

 

 Pilot Training Education Loan -UCO Bank

 

Eligibility : 

 

Student

  • 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.

Courses

a) Studies in India

  • School education including plus 2 stage.
  • Graduation courses leading to degrees like B.A., B.Sc., B.Com. etc.
  • Post Graduate courses leading to Masters degrees as also Ph.D.
  • Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
  • Computer Certificate courses of reputed institutes accredited to Universities or DoE.
  • Courses like ICWA, CA, CFA, etc.

a) 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.

Age Limit

  • 18 to 25 years for graduation course – may be extended from 28-30 years for general and SC/ST candidates respectively.
  • 21 to 28 years for post-graduation course etc. – may be extended from 30 -33 years for general & SC/ST candidates respectively.

Loan Details

 

Coverage of Expenses

  • Hostel/Boarding Fees including caution deposit/building fund etc.
  • Books, Stationery & Equipment required for the course, including Computers.
  • Examination/Library/Laboratory fees.
  • Travel Expenses/Passage for studies abroad.

Quantum

  • Studies in India : Maximum Rs. 7.50 Lac
  • Studies Abroad : Maximum Rs. 15 Lac.

Margin

  • Upto Rs. 4 Lac - Nil
  • For loans above Rs. 4 lacs
    - Studies in India - 5%
    - Studies abroad - 15%

Service Charge : There is no processing fee /upfront /service charge

Security

  • Upto Rs. 4 lacs - No Security
  • For loans above Rs.4.00 lac -Collateral securities of suitable value.

Rate of Interest

 

  • For loans upto Rs.4 lakhs - BPLR minus 1.00%
  • For loans above Rs4 lakhs - BPLR minus 0.5%

Repayment

 

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.

Head Office
UCO Bank,
10, B T M Sarani, Kolkata – 700 001 ( West Bengal)
Phone : 033-2234 1756
Fax : 033-2225 4182
Website : visit
UCO Bank Regional Offices

 

For any further query feel free to contact us.

 

NEW FLIGHT SERVICES 
108 # Ambikapuri Extension Airport Road Indore 452005 M.P. INDIA
Tel: +91-731-4044650 +91-731-6450535 +91-731-6452650
Mobile 093295 06427 / 93000 32375 
Fax: +91-731- 4044650 
Web: http://www.newflight.in,

http://www.flyaviationlink.com

Email : office@newflight.in,

aviationlink@asia.com

 

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