UBI Loan for Study Abroad: University List

Union Bank of India (UBI) is a leading public sector bank in India, offers financial support to students admitted to recognized foreign institutions. They have a list of approved foreign universities for education loan UBI that categorizes institutions based on various factors. These factors include programs offered by the universities, employment rates, QS ranking of the institution, etc.

One of the popular offerings of UBI is the “Special Union Education Loan Scheme for Premier Institutes Abroad Studies” which is designed to provide financial support for those students who are enrolled at these listed prestigious institutions abroad. UBI has categorized these premium institutions into two different lists:

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  UBI Abroad Education Loan University List (Prime A)
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  UBI Abroad Education Loan University List (Prime B)

This blog will help you understand the Union Bank of India education loan college list abroad, how this public bank list impacts your loan approval, what the eligibility requirements are, the application process, and many more. 

Key Features of Union Bank of India Education Loan for Abroad Studies

Union Bank of India provides students with up to INR 1.5 crore loan amount, ensuring that they can focus solely on their education without the stress of arrangement of funds. The table given below will equip you with the details of the UBI loan product and how it will affect you if your university falls under the list of approved foreign universities for UBI education loans. 

Eligibility Criteria for UBI Education Loan for Abroad

Union Bank of India offers various loan schemes to aspiring students who are willing to finance their studies with the help of an education loan abroad. To avail of the benefits of the Union Bank of India education loan, you are required to meet certain eligibility criteria.

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  You should be an Indian citizen and must be at least 18 years of age. 
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  Must be enrolled in a full-time program at a recognized university.
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  Should have a good academic history and must meet the minimum academic criteria set by the bank.
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  Co-applicant should be a parent or guardian with a stable income and a good credit history.
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  You must have the scores of prerequisite tests like GRE, GMAT, TOEFL, IELTS, etc.
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  You must be enrolled in a regular graduate degree, post-graduate degree, diploma, certificate, or doctorate program. UBI also covers courses conducted by CIMA - London, CPA in the USA.
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  The collateral you pledge must be an immovable property such as flats or open plots if the property is sanctioned by legal authorities, and fixed deposits.

Understanding the Approved Colleges for Union Bank of India Education Loan

The Union Bank of India education loan for abroad university list is crucial in determining the eligibility for a loan. Union Bank of India organizes its approved foreign universities into two main categories for education loans: the Prime A List and the Prime B List. These lists represent institutions that meet UBI’s criteria for academic excellence and global reputation.

They have ranked the universities based on their prestige and recognition. If you secure admission to an institution that falls under the list, then you can take advantage of lower interest rates, higher loan amounts, and flexible repayment options. This list includes various types of institutions, universities, and colleges across multiple disciplines like STEM, management, and medical courses. 

Students enrolled in Prime A category institutes can secure education loan without collateral up to INR 40 lakhs and those enolled in Prime B category institutes can secure up to INR 30 lakhs. 

UBI Education Loan Abroad University List

The list of approved foreign universities for education loan by UBI comprises of top-class universities like Harvard University, Princeton University, LSE, University of Toronto. This list includes universities in several countries like the USA, UK, Canada, Australia, Germany, France, etc. Below is the country-wise list of universities that are eligible for an education loan.

Use our Admit Predictor that will help you estimate your chances of securing admission to the top universities. 

Prime A:

Prime B:

Top Universities in the USA:

Top Universities in the UK:

Top Universities in Canada:

Australian and European Universities: Approved List:

How to Check if Your College is Approved by UBI?

If you are looking for an education loan and confused about whether your university of enrollment falls under the UBI education loan list of universities abroad or not, then you need not to worry. Here we will guide you on how you can check whether your chosen university is under the specified list or not.

Visit the UBI website: Navigate to the “Union Bank of India Education Loan Schemes” page. You will find specific schemes for top universities approved by Union Bank of India, both in India and abroad.

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  If you have to apply for an education loan in India, you can refer to “Special Scheme for Students of Premier Management & Technical Institutes (Tier-II)”.
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  If you are going for higher education abroad, then refer to the “Special Union Education Loan Schemes for Premier Institute Abroad Studies”.

Contact the Bank: You can also visit the nearest branch of BOI, they will check for you whether your chosen university is specified under the UBI education loan abroad university list pdf or not.

Application Process for Union Bank of India Education Loan

Visit the UBI website. Apply for an education loan by filling out the online application form. They will evaluate your application and further the process. You can also apply by visiting the nearest branch of UBI or via PM-Vidya Lakshmi Portal, the online platform designed to help students explore and compare various loan options. However, this process could be difficult for you and would take longer time. To save processing time, apply via GyanDhan. We will guide you through the detailed process of application. Just follow the below-mentioned steps to take the next step towards your dream of study abroad.

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  Check your eligibility.
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  Our education loan counselor will evaluate your profile and contact you.
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  He will provide you with a personalized checklist of documents. 
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  You will be provided with a doorstep step pick-up service or you will have to upload your documents online. 
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  We will submit your application and update you regularly about the status of your loan application. 
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  After receiving the nod from the lender, we will provide you with the sanction letter and funds will be disbursed as per the terms of the loan.

Pursuing higher studies at a foreign university is a dream for many students. It not only equips students with quality education but also offers numerous opportunities for students that support them in their career goals.

Do not feel restricted due to the lack of funds. UBI provides you with loans with lower interest rates, higher loan amounts, and flexible repayment tenures. If you feel overwhelmed at any time, connect with us. With GyanDhan, you will receive the best offer as we negotiate favorable terms for you. Let’s fund your dream together.

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