PNB Education Loan - Eligibility, Interest Rates, Loan Amount & Benefits

Type of PNB Education Loan Scheme

Below, we have mentioned some of the PNB Education Loan Scheme which students can apply for.

• PNB Saraswati

• PNB Pratibha

• PNB Udaan

• PNB Kaushhal

• PNB Pravasi Shiksha Loan

• PNB PM Cares Education Loan Scheme

• PNB Honhaar Education Loan Scheme for pursuing higher education and skill development courses in Delhi

• Concessional Education Loan

• Padho Pardesh

PNB Saraswati

This PNB education loan scheme is for students who are pursuing higher education in India. The PNB Saraswati Scheme supports courses like ICWA, CA, CFA etc. The maximum repayment period of the PNB Saraswati loan is 15 years.

The eligibility criteria for the PNB Saraswati education loan are as follows:

• Indian resident

• Secured admission to higher education courses in recognised Indian institutes.

• For management quota, loans will be considered on a merit basis.

PNB Pratibha

The bank offers PNB Pratibha loans for students who secure admission to Premier Institute, including Business Schools, Engineering Colleges, Medical Colleges and other reputed institutes.

The eligibility criteria for the PNB Pratibha education loan are as follows:

• Resident of India

• Secured admission in regular full time degree/ diploma courses/ PG degree/ Diploma courses for the mentioned institutes.

• Eligible programs include:

1. Part-time postgraduate management programs at IIMs

2. PGPMAX program at Indian School of Business (ISB)

3. e-PGP in Management offered by IIMs via distance learning

4. 3-year PGDM for working executives at XLRI

5. PGDM (B&FS) program at National Institute of Bank Management (NIBM)

PNB Udaan

The PNB Udaan education loan is for students who are pursuing higher education abroad. The loan is for degree/ diploma courses like aeronautical, pilot training, shipping etc. Students will have to secure admission to the following courses:

• Graduation: For job-oriented professional/technical courses offered by reputed universities.

• Post graduation: MCA, MBA, MS, etc.

The eligibility criteria for the PNB Udaan education loan scheme are as follows:

• Resident of India.

• Secured admission to higher course in a recognised institute abroad through entrance examination/merit-based selection process after completing HSC course.

Documents Required for PNB Education Loan

Students applying for the PNB education loan must submit the required documents to the bank for verification purposes. Below, we have provided the list of general documents required for the PNB student loan.

• Vidya Lakshmi Portal (VLP)/ Jansamarth ID

• Marksheet of all previously attained qualification

• Schedule of Expenses of Course as given by the Institution

• Experience Certificate (if any)

• Proof of Admission to the Course

• PAN and Aadhar Card of all the applicants

Punjab National Bank Rate of Interest

The PNB offers a range of interest rates on its financial schemes, including education loans. The PNB education loan interest rate varies from one another. For example, the rate of interest for loans up to Rs.7.50 lakhs under the PNB Saraswati scheme for female students up to 10 years is 11.75%, while for students other than female is 12.25%. For detailed information on the PNB rate of interest, students can visit the official website, pnbindia.in.