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Jun 2, 2025
Study Abroad With Union Bank Of India
Partner with UBI for your international education journey to get competitive interest rates and flexible repayment options.
Co-signerNo collateral
Union Bank of India
Education Loan
Upto ₹40 lakhs
Interest Rate
9.25%* onwards
Processing fee
0%
Processing time
7 Days
WITH LORIEN FINANCE GET
High Approval Rate
17+ trusted lenders on one single platform
Starting at 3.39%*
Competitive Rate of Interest
Flexible Loans
No co-signer & no collateral loans available
Why Choose Lorien Finance for Your Union Bank of India Study Abroad Loan?
Union Bank of India provides affordable education loans, helping Indian students to be able to pursue higher education abroad. They help students enrol in the best institutes all over the globe without worrying about their financial conditions.
Simplified application process
Low interest loans
Zero processing fees
Covers tuition, living expenses, and travel
Loan Features & Details
| Features | Details |
|---|---|
| Maximum Loan Amount | Upto ₹1 crore (Collareral) Upto ₹40 lakhs (Non-Collateral) |
| Interest Rate | Starting from 9.25% p.a.* |
| Repayment Period | Up to 15 years after course completion |
| Processing Fee | NIL |
| Margin Money | 15% |
| Moratorium Period | Study period + 12 Months |
| Prepayment charges | NIL |
| Countries Covered | USA, UK, Australia, Canada, Germany, Ireland, New Zealand and many more |
Eligibility criteria
- Must be an Indian citizen and 18 years of age.
- Must have confirmed admission to a recognised international university.
- Must have a strong academic background.
- Co-applicant required (parent/guardian/spouse/sibling) with a stable income.
- Collateral required for loan amounts above the non-collateral threshold (varies by profile)
4.7
on
reviewsInternational Alumni Network of 500+ Indian Students
4.7
onreviews
Loan Received: $30,000
Int. Rate: 6.45%
"I had a smooth and hassle-free experience securing a loan with Lorien Finance. They were professional, approachable, and transparent throughout the process, explaining all terms and conditions clearly. I highly recommend Lorien finance and Nishant for reliable financial assistance."
Harsh
Montclair State University
5
Loan Received: $28,000
Int. Rate: 7.24%
"I would like to express my sincere gratitude to Lorien Finance for their outstanding support in assisting me with my loan process. The team took the time to explain all the details, answer all my questions, and provide valuable advice throughout the entire process."
Vaidehi
University of New Haven
5
Loan Received: $35,000
Int. Rate: 4.70%
"I had a great experience with Lorien Finance while securing my student loan. The process was smooth, transparent, and efficient, making it stress-free for me. Lorien’s dedication to helping students achieve their educational goals is truly commendable."
Ayush
University of North Carolina
5
Loan Received: ₹34 Lakh
Int. Rate: 11%
"With straightforward application process I received my loan approval faster than I expected with Lorien Finance. The customer service team was responsive and very knowledgeable. I appreciate their transparency about fees and interest rates."
G. Bhanu
University of Portsmouth
4.7
Loan Received: $30,000
Int. Rate: 6.45%
"I had a smooth and hassle-free experience securing a loan with Lorien Finance. They were professional, approachable, and transparent throughout the process, explaining all terms and conditions clearly. I highly recommend Lorien finance and Nishant for reliable financial assistance."
Harsh
Montclair State University
5
Loan Received: $28,000
Int. Rate: 7.24%
"I would like to express my sincere gratitude to Lorien Finance for their outstanding support in assisting me with my loan process. The team took the time to explain all the details, answer all my questions, and provide valuable advice throughout the entire process."
Vaidehi
University of New Haven
5
Loan Received: $35,000
Int. Rate: 4.70%
"I had a great experience with Lorien Finance while securing my student loan. The process was smooth, transparent, and efficient, making it stress-free for me. Lorien’s dedication to helping students achieve their educational goals is truly commendable."
Ayush
University of North Carolina
5
Loan Received: ₹34 Lakh
Int. Rate: 11%
"With straightforward application process I received my loan approval faster than I expected with Lorien Finance. The customer service team was responsive and very knowledgeable. I appreciate their transparency about fees and interest rates."
G. Bhanu
University of Portsmouth
4.7
Your Complete Study Abroad Guide Starts Here
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Frequently Asked Questions
01
What’s the typical processing time for a Union Bank education loan?
01
What’s the typical processing time for a Union Bank education loan?
01
Union Bank generally processes loan applications within 7 working days when assisted by Lorien Finance, thanks to streamlined documentation and follow-up.
02
What does the loan cover?
02
What does the loan cover?
02
Union Bank study abroad loan covers tuition, living expenses, travel, accommodation, and study materials.
03
How long will my loan repayment period be?
03
How long will my loan repayment period be?
03
The repayment tenure can extend up to 15 years, starting after the moratorium period (course duration plus one additional year).
04
Do I need collateral or a co-applicant to apply?
04
Do I need collateral or a co-applicant to apply?
04
No-collateral loans are available up to ₹40 lakhs, especially for universities in Category A. For higher loan amounts, collateral may be required. A co-applicant with stable income and good credit is mandatory.
05
What interest rates does Union Bank charge for study abroad loans?
05
What interest rates does Union Bank charge for study abroad loans?
05
For unsecured loans (up to ₹40 lakhs), rates start around 9.5–9.75%. Secured loans begin at approximately 9.25%, depending on collateral and university category.
06
What’s the maximum loan amount I can get from Union Bank for studying abroad?
06
What’s the maximum loan amount I can get from Union Bank for studying abroad?
06
You can borrow up to ₹40 lakhs without collateral. With collateral, Union Bank offers loans up to ₹1.5 crore depending on your profile and university ranking.
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609 Greenwich St, New York, NY 10014
INDIA Office
New Delhi - Plot No.1/262, Westend Marg, Saket,
New Delhi 110030
Mumbai- C20, G-Block BKC, Bandra East, Mumbai,
Maharashtra 400051
Nashik- 138, Vitthal Bungalow, Madhu Vijay Colony,
Nashik 422005
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