Punjab National Bank Education Loan Scheme – get students loan details from PNB and how to approach techniques. Know about Eligibility criteria, education loan interest rates in PNB & documents required.
Also find the complete details of maximum education loan amount, courses which are eligible to get study loan. Information is given below,.
PUNJAB NATIONAL BANK – EDUCATION LOAN
Purpose
The scheme of Punjab National Bank (PNB) Educational Loan is also known as Vidyalakshyapurti aims in providing education loan for students who really deserve with good academics.
[Useful: C Programming Guide] & [Study Abroad Guidance]
PNB’s Eligibility criteria for students
- Nationality should be Indian,
- Student with admission from any Indian or abroad universities through entrance tests.
Read: Eligibility criteria for getting Education Loan
Eligible courses for PNB study loan
- Regular courses like B.A., B.Sc.,B.Com.,B.CA.,
- P.G courses like Masters degree and Ph.D,
- Professional courses like Engineering, Medical, Dental, Agriculture, Law, Management,.
- Special courses such as Pilot training, Aeronautical approved by national and state authorities.
Related: How to approach a bank for education loan?
Maximum loan amount
- Study in Abroad : Maximum Rs. 20,00000
- Study India : Maximum Rs. 10,00000
Security Documents Required
- Up to Rs. 4,00000 : No Security.
- Above Rs.4,00000 and up to Rs.7,50000 : Third party guarantee required,
- Above Rs.7,50000 : Security of suitable value or Parents or Guardian’s guarantee along with the future income.
Must Read: Case study on Education Loan
Loan Repayment Duration
- Time Period: Course period + 1 year or 6 months,
- Should be paid within 5 to 7 years after the degree.
- Duration can be extended up to 2 years [If required].