Punjab National Bank - PNB Education Loan

 
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Punjab National Bank - PNB Education Loan
  4 out of 5 based on 1 Ratings.

     
 
About Punjab National Bank - PNB Education Loan
Here you will find Punjab National Bank Education Loan Interest Rates, its Eligibility and Repayment Process.

PNB SARASWATI

Objective
          
To provide financial support to meritorious students for pursuing higher education in India.

Students who secure admission in Institutes as under:

    Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.
    Courses like ICWA, CA, CFA etc.
    Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
    Regular Degree/Diploma courses like Aeronautical, pilot training, shipping Nursing or any other discipline approved by Director General of Civil Aviation/Shipping/ Indian Nursing Council or any other regulatory body as the case may be.
    Advance Diploma in Banking Technology offered by PNB IIT Lucknow.
    Approved courses offered in India by reputed foreign universities.
    Research Programmes recognized by designated academic authority/ regulatory body.

Purpose    

    Fee payable to college/ school/ hostel
    Examination/ Library/ Laboratory fee.
    Insurance premium for student borrower, if applicable.
    Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts.
    Purchase of books/ equipments/ instruments/ uniforms.
    Purchase of computer at reasonable cost, if required for completion of the course.
    Any other expense required to complete the course - like study tours, project work, thesis, etc.

Eligibility    

    Should be an Indian national.
    Should have secured admission to a higher education course in recognized institutions in India through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent).
    Cases of Management Quota may  be considered on merit basis;

Quantum of Finance    

    Need based Finance subject to repaying capacity of the parents/students ( after completion of course) ;
    Reimbursement of fees paid within six months may be permitted on individual merits of the case.

Margin    

    Up to Rs. 4 lac - NIL
    Above Rs. 4 lac - 5%
    Scholarship/ assistantship may be considered in margin.
    Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.

Rate of Interest    

    Loan upto Rs 4 lac – Base Rate+2%
    Loans above Rs 4 lac upto Rs 7.50 lac – Base Rate+3%
    Loans above Rs 7.50 lac – Base Rate+2.50%
    Base Rate+1% to be charged for all loans, irrespective of amount, where 100% tangible collateral security in the shape of IP, enforceable under SARFEASI act, and/or liquid security is available.
    Simple interest be charged during the Repayment holiday/ Moratorium Period

Processing Charges/ Upfront fee -  NIL

Documentation Charges    

    Rs.270/- for loans upto Rs. 4 lac and Rs.450/- for loans above Rs.4.00 lac (exclusive of service tax and education cess) Subject to change from time to time.

Security    

    Up to Rs. 4 lac: Parent(s)/guardian as a joint borrower(s).
    Above Rs. 4 lac and upto Rs. 7.50 lac: Besides the parent(s)/ guardian executing the documents as joint borrower(s), collateral security in the form of suitable third party guarantee.
    Above Rs.7.50 lac: Parent(s)/ guardian as a joint borrower(s). Tangible collateral security of suitable value acceptable to bank alongwith the assignment of future income of the student for payment of installments.

Repayment (Maximum)    

    For loans upto Rs.7.50 lac - upto 10 years
    For loans above Rs.7.50 lac - upto 15 years

Click Here for more details.

 
 
Comment/ Reviews on Punjab National Bank - PNB Education Loan
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Posted By : sanjeev kumar, on 06-04-2012 11:12:01 
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Need a loan for SAP HR SIEMENS.
Posted By : Sampriti, on 03-04-2012 14:45:44 
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i am doing b.tech aeronotical .i want applying for education loan.
Posted By : lalit kumar saini, on 24-02-2012 15:08:16 
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hame loan cahiye sir. i am purches b.e for mellinnium insititute of technology in bhopal
Posted By : anand kumar rastogi, on 22-02-2012 12:23:11 
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Does PNB provide laon for CFA study
Posted By : Rima, on 27-01-2012 17:40:32 
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Hi I took education loan from PNB in 2009 for my MBA studies as per the government policy i am eligible to get the benefits of interest free but till bank haven't granted me this benefits by saying that yet they haven't received such kind of information Please guide me to whom should I contact
Posted By : Ruby Singh, on 12-01-2012 14:27:54 
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Dear sir, I have taken 205000 as education loan in may 2010 for mba course but i dont know about interest rate so plz tell me . Your sincerely Chanchal
Posted By : arun kumar chanchal, on 13-11-2011 00:46:09 
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Dear sir, I have taken 205000 as education loan in may 2010 for mba course but i dont know about interest rate so plz tell me . Your sincerely Chanchal
Posted By : arun kumar chanchal, on 13-11-2011 00:44:59 
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I have taken an education loan from PNB in the year 2005 of 2,94,000. Could you please tell me the monthly installment if I want to repay it in 5 years or 7 years. And also what are the various ways to repay it ( in terms of months).
Posted By : Devashish Mohanty, on 06-11-2011 20:57:28 
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I have taken an education loan from PNB in the year 2005 of 2,94,000. Could you please tell me the monthly installment if I want to repay it in 5 years or 7 years. And also what are the various ways to repay it ( in terms of months).
Posted By : Devashish Mohanty, on 06-11-2011 20:56:56 
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Dear sir/Madam I have done B.Pharmacy in 2009 and after that i was working with Ind swift Pharmaceuticals Ltd. Its my keen desire to be accomplish my further study in Newzeland that is diploma in food technology. To support loan funding we have urban house under municipal corporation and it cost would be 15-18lakh.Besides, we are resident of Rajpura (Patiala) from 20 years.I hope my request to be consider as soon as possible. Kindest Regards Ravinder Singh
Posted By : RAVINDER SINGH, on 27-10-2011 15:02:07 
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I wants P G diploma in UK SO I WANT EDUCATION LOAN PLZ COUNSALNT ME
Posted By : ASHRF SIKKA, on 17-10-2011 11:26:46 
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i want to giong in it sector so i want education loan up to 2 lacs is this possible pls tell me
Posted By : bharat arya, on 28-09-2011 18:54:51 
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Hi sir, I wish to do sap co course at siemens through online. The course fee may be around Rs.2,00,000. I completed M.com and MBA. I wish to know am i eligible for the abouve educational loan from your bank. Thanks & Regards Sangeetha
Posted By : sangeetha, on 12-09-2011 13:02:44 
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Hi sir, I wish to do sap co course at siemens through online. The course fee may be around Rs.2,00,000. I completed M.com and MBA. I wish to know am i eligible for the abouve educational loan from your bank. Thanks & Regards Sangeetha
Posted By : sangeetha, on 12-09-2011 13:01:47 
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Hi sir, I wish to do sap co course at siemens through online. The course fee may be around Rs.2,00,000. I completed M.com and MBA. I wish to know am i eligible for the abouve educational loan from your bank. Thanks & Regards Sangeetha
Posted By : sangeetha, on 12-09-2011 13:01:13 
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I want to do SAP Certification and course cost is 1,74,500. Will PNB provide for SAP Certification Please let me known ASAP Thanks&Regards Abdul Afrose
Posted By : Abdul Afrose, on 10-09-2011 04:46:31 
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I want to do SAP Certification and course cost is 1,74,500. Will PNB provide for SAP Certification Please let me known ASAP Thanks&Regards Abdul Afrose
Posted By : Abdul Afrose, on 10-09-2011 04:46:09 
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MSC.IT persuning Study- MCA
Posted By : Tejindra singh, on 01-09-2011 11:29:49 
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regarding education loan
Posted By : john, on 27-08-2011 07:50:59 
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i want to loan 3lack for MBA in kolkata.plz give me education loan
Posted By : Kaushik Das, on 18-08-2011 18:28:52 
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I want education loan of rs.8 lacs for MBBs courses in punjab .i have no property. I am doing service in siel chemical complex RAJPURA DISTRICT PATIALA . PUNJAB
Posted By : sanjeev srivastava, on 12-07-2011 19:22:08 
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I want education loan of rs.8 lacs for MBBs courses in punjab .i have no property. I am doing service in siel chemical complex RAJPURA DISTRICT PATIALA . PUNJAB
Posted By : sanjeev srivastava, on 12-07-2011 19:21:30 
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i have taken the loan from pnb regarding my study for mba in uk i just want to know that interest on loan by the rbi is been free for the students studying abroad or not plz rpl
Posted By : disha kanojia, on 27-06-2011 19:03:39 
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I am Arvind kourav im doing phd from Dr K.N.Modi university newai Tonk Rajasthan , I want education loan for this course please give me detail and procedure of loan. Thank you sir Arvind Kourav
Posted By : arvind kourav, on 20-06-2011 22:09:59 
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I am Arvind kourav im doing phd from Dr K.N.Modi university newai Tonk Rajasthan , I want education loan for this course please give me detail and procedure of loan. Thank you sir Arvind Kourav
Posted By : arvind kourav, on 20-06-2011 22:04:58 
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I am Arvind kourav im doing phd from Dr K.N.Modi university newai Tonk Rajasthan , I want education loan for this course please give me detail and procedure of loan. Thank you sir Arvind Kourav
Posted By : arvind kourav, on 20-06-2011 22:03:43 
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what the procedure to take education loan
Posted By : ambika kumari, on 08-06-2011 14:03:13 
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what is the procedures for taking eduction loan and how many days the process will takes. Ankush.
Posted By : Ankush Biradar, on 08-06-2011 11:42:20 
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Hello sir, pl confirm the branch name near sector-23 or bata chowk for education loan and confirm how many days the process will takes?
Posted By : vivek kumar shrivastava, on 06-06-2011 14:14:32 
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hello sir i want to study in abord so plz suggess to me for a education lone
Posted By : gurudev sharma , on 12-04-2011 15:02:02 
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hello sir i want to study in abord so plz suggess to me for a education lone
Posted By : gurudev sharma , on 12-04-2011 15:01:40 
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i need to get 5 lakhs of loan for abroad studies. i AM PLANNING FOR ABROAD TO STUDY FOR DIPLOMA COURSES. I WANT TO KNOW ABOUT ALL THE CRITERIA/CONDITIONS FOR DIPLOMAS STUDY LOAN FOR ABROAD.the course is DIPLOMA IN HOTEL&TOURISM MANAGEMENT i got the admission by merit and i need to join on 6th of april 2011.so replay me as soon as possible
Posted By : kavitha, on 25-03-2011 15:54:13 
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what is the procedures for taking edu loan? how many days the process will takes? and what is minimum charges for that? reply me fast
Posted By : SANDIP PATEL, on 07-03-2011 17:49:05 
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what the procedure to take education loan ?
Posted By : harsh dehariya, on 06-03-2011 13:51:31 
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i do the air pilot taning in kolkat center so plz education loan give me.
Posted By : chanchal kundu, on 04-03-2011 09:12:26 
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