Education Loans-Punjab National Bank

PNB

Punjab National Bank (PNB) offers 4 types of education loans, namely:

  • PNB Saraswati
  • PNB Udaan
  • PNB Pratibha
  • PNB Kaushal

Read: SBI education loans

Details of Education Loans offered by Punjab National Bank (PNB)

Scheme Name Details

Eligibility

Margin

Repayment (Maximum)

PNB Saraswati To provide financial aid to meritorious students in India pursuing higher education
  • Should be an Indian
  • Should have secured admission to higher institution through entrance examination on the basis of merit
  • Up to Rs. 4 lac - NIL
  • Above Rs. 4 lac - 5%

Maximum upto 15 years

PNB Udaan

To provide financial aid to meritorious students in India pursuing higher education abroad

  • Should be an Indian
  • Should have secured admission to higher institution abroad through entrance examination on the basis of merit
  • Up to Rs. 4 lac - NIL
  • Above Rs. 4 lac - 15%

Maximum upto 15 years

PNB Pratibha

To provide financial aid to meritorious students seeking admission to premier institutions in India

  • Should be an Indian national.
  • Should have secured admission in Regular full time Degree / Diploma courses offered by Premier Institutes, which include (i) Business Schools, (ii) Engineering Colleges, (iii) Medical Colleges and other reputed Institutes as per Annexure `A`, `B` & `C.
  • Up to Rs. 4 lac - NIL
  • Above Rs. 4 lac - 5%

Maximum upto 15 years

PNB Kaushal

To provide financial aid to students seeking skill development courses

  • Should be an Indian national.
  • Student should have secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by central or State education Boards or in a college affiliated to recognized university etc

NIL

  • For courses of duration upto 1 year - 6 months from the completion ofthe course.
  • For courses of duration above 1 year - 12 months from the completion ofthe courses.

Read: Education loans in India

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