Check your Union Bank education loan eligibility. Rate: 8.05 - 10.60% p.a. Max amount: ₹1 Cr.
Union Bank of India offers education loan at an interest rate of 8.05 - 10.60% p.a. with a maximum tenure of 15 years. The maximum loan amount is ₹1 Cr with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹7,806 | ₹1,55,704 | ₹15,012/mo |
| ₹7 Lakh | ₹10,928 | ₹2,17,952 | ₹21,016/mo |
| ₹10 Lakh | ₹15,611 | ₹3,11,324 | ₹30,022/mo |
| ₹15 Lakh | ₹23,417 | ₹4,67,028 | ₹45,033/mo |
| ₹20 Lakh | ₹31,222 | ₹6,22,648 | ₹60,043/mo |
| ₹25 Lakh | ₹39,028 | ₹7,78,352 | ₹75,054/mo |
| ₹30 Lakh | ₹46,833 | ₹9,33,972 | ₹90,064/mo |
| ₹40 Lakh | ₹62,445 | ₹12,45,380 | ₹1,20,087/mo |
Union Bank Education Loan interest rate ranges from 8.05 - 10.60% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Union Bank offers a maximum education loan of ₹1 Cr with a tenure of up to 15 years.
The processing fee for Union Bank Education Loan is Nil.
Union Bank Education Loan prepayment policy: Nil.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.