Punjab National Bank Educational Loans | www.pnbindia.com

Punjab National Bank
Website : www.pnbindia.com/


Bank Type :
Nationalized Bank
Provided study loan amount in India :Up to 7.5 Lakhs
Provided study loan amount in Abroad : Up to 15 Lakhs

Eligibility :

Should be an Indian National. Secured admission to Professional / Technical courses through Entrance Test / Selection process. Secured admission to foreign university/ Institutions. Student should have secured pass marks in the qualifying Examination for admission to Graduation Courses.

Coverage :

Fee payable to College / School / Hostel.Examination / Library / Laboratory fee. Purchase of books / equipments / instruments / uniforms. Secured admission to foreign University / Institutions. Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts. Travel Expenses / Passage money for studies abroad. Purchase of computers – essential for completion of the Course. Boarding and lodging expenses in recognized Boarding Houses / private accommodations .Any other expense required to complete the course – like study tours, project work, thesis etc.

Margin

Up to Rs.4.00 lacs: – Nil. Above Rs.4.00 lacs: Studies in India 5%.Studies Abroad 15%

Interest rate :

Up to Rs. 4 lacs BPLR+Term Premia minus 1.25.Above Rs.4 lacs BPLR + Term Premia.Term premia of 0.50% p.a. shall be added for repayment period of 3 years & above. The interest shall be debited monthly on simple basis during the Repayment holiday/ Moratorium period. Penal Interest @ 2% be charged for above Rs.4.00 lacs for the overdue amount and overdue period. 1% Interest concession for servicing of interest during the study period regularly is allowed at the time of start of repayment period of loan. Up to Rs. 4 lacs BPLR+Term Premia minus 1.25 Above Rs.4 lacs BPLR + Term Premia. Term premia of 0.50% p.a. shall be added for repayment period of 3 years & above. The interest shall be debited monthly on simple basis during the Repayment holiday/ Moratorium period. Penal Interest @ 2% be charged for above Rs.4.00 lacs for the overdue amount and overdue period. 1% Interest concession for servicing of interest during the study period regularly is allowed at the time of start of repayment period of loan.

Re-Payment :

Repayment Holiday / MoratoriumCourse period + 1 year OR 6 months after getting job, whichever is earlier. The Principal and interest is to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.

Security :

Up to Rs.4.00 lacs: No Security. Above Rs 4.00 lacs and Up to Rs 7.5 lacs: 3rd party guarantee acceptable to the Bank. Above Rs 7.5 lacs: Collateral Security of Suitable value or suitable 3rd party guarantee.

Documents :

Loan application on Bank’s format. Passport size photograph.Proof of Address (Permanent) / ID Proof. Proof of Age. Proof of having secured pass marks in last qualifying examination. Letter of admission in professional, technical or vocational courses. Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned. Details of Assets & Liabilities of parents. In case loan amount is above Rs.4.00 lacs : . Particulars of Guarantors and details of their Assets & Liabilities. If immovable property offered as Collateral Security – copy of Title Deed, Valuation Certificate and Non-encumbrance Certificate from approved Lawyer of the Bank. Photocopy of Passport & Visa, in case of study abroad. Any other document/information, depending upon the case and purpose of the loan.

If you have questions, please ask below

65 Comments


  1. jitender kumar says:

    sir,
    i am student in b.tech. i want to know that repayment plan & time limit &rate of repayent 9467445902

  2. vijay kumar mishra says:

    sir
    i would like to education loan.i am a student of be first year in NRI INSTITUTE OF INFORMATION SCIENCE AND TECHNOLOGY BHOPAL.MY mb.no is 9200827377

  3. praveen kumar says:

    respected sir,
    i am persuing BCA in final year.i want to take admission in MBA at recognised college. so iwant to take education loan from pnb.so please guide me what to do? i will be very thankful to you.

  4. pratyush kumar shandilya says:

    Respected sir i have been applying for Edu.loan from 2 year ago,but don’t got any response from pnb manager Waini pusa.Please help me i need edu loan.

  5. SANDEEP KUMAR says:

    HOW LONG YOU WILL TAKE WITH IN I CAN GET A LOAN?

  6. tejram vishwakarma says:

    SIR, I want to education loan for B-TEC (M.E-1YEAR) NIIST BHOPAL collage

    tejram vishwakarma
    damoh m.p.
    MO.8103865310

  7. PIYUSH ANAND says:

    sir,i want education loan and i am in 1st betech.please provide us.

  8. tarsem rana says:

    respect sir, i am student mse mass comm.from kuk.university.i am need for education loan provied me thans.

  9. Farid Ahmad says:

    sir,
    i want to take admission in Bangalore in MCA,so i need an education loan but my last six semester result in waiting.can i apply for education loan?
    sir plz give me response soon.

  10. Farid says:

    sir,
    i would like to say that i have take admission in Bangalore,now i want to education loan but i get Second class in 10th&12th and in graduation 68% marks.can PNB give me education loan?

  11. SANDEEP KUMAR says:

    My dear sir
    i want to education loan in pnb
    i have admission in dr mgr educational & research institute
    chennai,

  12. KAMLESH VERMA says:

    I HAVE INTESECTED EADUCATION LONE

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