How to take Punjab National Bank Education Loan?

PNB Education loan: If you are a student and you want to take student loan from Punjab National Bank to meet the expenses related to your education or to get higher education then this article is for you. Punjab National Bank Education Loan comes under the category of an unsecured loan.

Punjab National Bank is providing education loan to the customers at attractive rate of interest. In this article, we will know the complete information about Punjab National Bank Education Loan in detail, so read this article till the end.

PNB Education loan in Hindi

Any student can take a student loan to meet any expenses related to his education. Whether you are taking loan for studies abroad or taking loan for studies in India, in both the cases Punjab National Bank Education loan can apply for

If you fulfill all the conditions of the bank, then you can take advantage of the loan with attractive education loan interest rate in a very short time. You can also apply for this loan through Vidyalakshmi Education Loan Portal.

PNB Education loan Interest Rate 2022

At present, RLLR i.e. Repo Linked Lending Rate is 6.55% and BSP is 0.25%. If your credit score is very good then you can get loan at low interest rate.

On this basis, you can understand the Punjab National Bank Education Loan interest rate from the table given below:

loan scheme	interest rate per annum
PNB Saraswati	RLLR + BSP + 2.00% – RLLR + BSP + 2.75%
PNB Pratibha	RLLR + BSP – RLLR + BSP + 1.25%
PNB Uddan	RLLR + BSP + 2.00% – RLLR + BSP + 2.75%
PNB Kaushal	RLLR + BSP + 1.00% – RLLR + BSP + 1.50%
PNB Honhaar	RLLR + BSP + 2.00%
PNB Pravasi Education Loan	RLLR + BSP + 2.15%

Punjab National Bank Education Loan Schemes

The bank mainly provides three types of student loans which are as follows:

• PNB Saraswati Education loan
• PNB Pratibha Education loan
• PNB Udaan Education loan

PNB Saraswati:

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 be required 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:
• Up to Rs.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 Talent:

• Students can take advantage of this loan to take admission in major institutes of the country such as business school, engineering college, medical college etc.
• Students are entitled to meet all the expenses related to their course and education. PNB Pratibha Education loan can take advantage of
• 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 Flight:

• 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.
• For higher education studies after class 12th you PNB Udaan Education loan can apply for
• Loan Tenure: 15 Years |

PNB Education Loan Documents Required

• Loan Application on Bank’s Format |
• Passport Size Photo |
• Address Proof |
• Age proof |
• photocopy of pan card
• Proof of passing the final qualifying examination
• Admit Card |
• Course Brochure which mentions the fees like admission fee, examination fee, hostel fee etc.
• Description of Assets |
• If the loan is to be secured by collateral by mortgage of IP, a copy of the title deed, valuation certificate and non-encumbrance certificate should be obtained from the approved lawyer of the bank at the cost of the borrower.
• Photocopy of Passport – Visa in case of Study Abroad.
• Any other document/information depending on the case and purpose of the loan.

How to apply for Punjab National Bank Education Loan?

Follow the steps given below to apply online or offline:

PNB Education loan Apply online

• In the Products option on the home page of the website Retail Click on this option will appear.
• All the loans will come in front of you.
• You will see the option of Education loan here, click on it.
• All education loan schemes will come in front of you.
• Click on the education loan scheme you want to apply for.
• Now you have to click on Apply for online option.
• Enter the requested information in the form and click on submit.
• Bank employees will contact you and the loan process will be issued further.

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.

PNB Education loan Customer Care

• 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 Punjab National Bank Education loan 2022 Provided complete information about 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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