Punjab National Bank Education Loan Details [PNB]

Punjab National BankPunjab 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].