Apply PNB Education Loan : Punjab National Bank understands the needs of students and offers PNB Education Loans 2023 at a low interest rate. Students who want to complete their higher education and need education loan, then check the eligibility criteria, interest rate here and apply online through the link given below.
Punjab national bank education loan latest interest rate
- Base Rate of Interest @ 10% on Punjab National Bank Education Loan
- Loan up to 4 lakhs – Base rate + 2%
- Rupee. Loans above 7.20 lakhs lac.50 lakhs – Base Rate + 3%
- Loans above 7.50 lakhs – Base Rate + 2.50%
Eligibility criteria for PNB Educaiton Loan
Applicants should be admitted to higher education courses in recognized institutions and be Indian residents.
Documents required for education loan
- Letter of admission
- Loan application filled
- 2 passport size photos
- Study cost details
- PAN card of student and parent / guardian
- Aadhaar Card of Student and Parent / Guardian
- Proof of identity (driving license / passport / Aadhaar / any photo identification)
- Proof of residence (driving license / passport / electricity bill / telephone bill)
- Bank account details of student / co-borrower / guarantor for last 6 months
- IT Returns / IT Assessment Order for last 2 years of parent / guardian / other co-borrower (if IT payer)
- Brief description of assets and liabilities of parent / guardian / other co-borrower
- Proof of income (ie salary slip / Form 16) Parent / Guardian / other co-borrower
Procedure for applying online for Punjab National Bank Education Loan?
- Visit the official website of Punjab National Bank.
- Under the ‘Products’ tab, press on ‘Retail’. This option can be found under the ‘Loans’ section.
- On the next page, click on ‘Education Loan’.
- Press on ‘Education Loan’ under ‘Apply for Online’.
- On the next page, click on ‘Education Loan’.
- After this complete the registration process and click on submit.
- A Punjab National Bank representative will contact you to process the request.
How to apply offline?
- First of all you have to go to your nearest Punjab National Bank branch.
- You will have to contact the bank employee by going to the bank branch.
- The bank employee will provide all the information related to the loan.
- Then your documents will be verified.
- You have to fill the loan application form.
- Attach the document with the form and submit it in the same bank.
- In this way your offline application will be done.
Punjab National Bank Education Loan Schemes
Punjab National Bank mainly offers three types of student loans which are as follows:
- PNB Saraswati Education loan
- PNB Pratibha Education loan
- PNB Udaan Education loan
- Also read: ICICI Bank Education loan
PNB Saraswati Loan:
This loan is given to meritorious students to pursue higher education in India. You can take advantage of this loan for graduation / post graduation degree and PG diploma in recognized colleges / universities recognized by UGC / Government.
- You can apply for this loan for any expenses related to education such as college / school / hostel fees, examination / library / laboratory fees etc.
- Only Indian residents can take advantage of this loan.
- For PNB Saraswati Education loan, the applicant student will have to take admission in higher education course in a recognized institution after 12th.
- Margin: Up to Rs.4 Lakh – Nil, Above Rs.4 Lakh – 5%
- Security:
- 7.50 Lakh: No solid security and/or third party guarantee required.
- Above Rs 7.50 lakh: The parent or guardian needs to be a joint borrower.
- Loan tenure: 15 years |
- Moratorium period: Course period + 1 year.
PNB Pratibha Education loan:
- Students can take advantage of this loan to take admission in major institutions of the country such as business school, engineering college, medical college etc.
- Students can take advantage of PNB Pratibha Education loan to meet all kinds of expenses related to their course and education.
- The applicant taking advantage of this loan should be a resident of India.
- Security: Parents/Guardians as joint co-borrowers.
- Pre-Payment Fee: Nil |
- Loan Tenure: 15 Years |
PNB Udaan Education loan:
- Under this loan, financial help is provided by the bank to the meritorious students for pursuing higher education abroad.
- Students can take advantage of this loan to meet all kinds of expenses related to their higher education.
- Applicant must be a permanent resident of India.
- You can apply for PNB Udaan Education loan for higher education studies after class 12th.
- Loan Tenure: 15 Years |
PNB Education loan Customer Care
If you are facing any problem in applying for this loan, then you can get information by calling on PNB Customer Care Number:
- Toll Free No. : 1800 180 2222, 1800 103 2222,
- Tolled No. 0120-2490000,
- Landline :011-28044907
- Email ID : care[at]pnb[dot]co[dot]in
Conclusion
In this article we have provided you complete information about Punjab National Bank Education loan 2023. Any student can take advantage of this loan to meet the expenses related to his education and to pursue higher studies. If you are facing any problem in applying for this loan, then you can get information by calling the customer care number of the bank.
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