City Union Bank: Education Loan (Vidyavani Scheme) Guide

🎓 Key Details

✅ Eligibility & Loan Amount

• Indian students admitted to recognized institutions in India or abroad
• Undergraduate, Postgraduate, professional, and research programs
• Loan Limits:

• Up to ₹10 lakh for studies in India
• Up to ₹20 lakh for studies abroad

💸 Interest Rates (approximate)

• Up to ₹4 lakh:

• ~13.75% p.a. (Boys)
• ~13.25% p.a. (Girls)

• Above ₹4 lakh:

• ~14.50% (Boys)
• ~14.00% (Girls)

• Management courses may attract higher interest (up to 16%)

🔍 Margin & Collateral

• Up to ₹4 lakh: No margin required
• ₹4–7.5 lakh: 5% (India), 15% (Abroad) + Optional guarantee
• Above ₹7.5 lakh: 100% collateral + third-party guarantee required

📄 Required Documents

• Filled loan application form (can be submitted online via CUB app)
• KYC documents: Aadhaar, PAN, Passport, etc.
• Admission letter from institution
• Course fee structure
• Academic records
• Parent/guardian ID & income proof
• Recent bank statements

💳 Repayment Terms

• Moratorium period: Course duration + 1 year / 6 months after job start
• Tenure: 5 to 7 years post-moratorium
• Option to pay interest during moratorium or defer it (added to principal)

✨ Additional Benefits

• 0.5% interest concession for female students
• No processing fee for domestic loans
• 0.20% processing fee for loans abroad (up to ₹20 lakh)
• Tax benefits under Section 80E of the IT Act
• Pre-admission sanction facility available
• Eligible for Central Scheme for Interest Subsidy (CSIS)

📈 Summary Table

🚪 Apply Now

• Visit nearest City Union Bank branch
• Or use CUB Mobile App for paperless process
• Ensure documents are complete and verified

City Union Bank’s Vidyavani Education Loan helps students pursue their academic dreams with flexible terms, digital access, and financial empowerment.