Education Loan PNB Interest Rate Online, EMI Calculator, Apply Online
Education Loan PNB Interest Rate
Check Education Loan PNB Interest Rate from Here!!!!!
Punjab national bank will provide financial assistance to the candidates who
want to pursue their higher education in India and abroad.
To apply for the PNB Education Loan, candidates need to
submit their application form. Before applying for Education Loan, candidates
must check the Education Loan PNB Interest Rate Online, EMI Calculator and
other information.
Education Loan PNB!!!!!!
Education loan under Punjab national bank is available for
all Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas
conducted by recognized colleges/ universities recognized by UGC/ Govt. /
AICTE/ AIBMS/ICMR etc.
Candidates who want to fetch more information regarding Education
Loan PNB Interest Rate are suggested to go through underneath section of this
page which is well created by the team of www.privatejobshub.in.
Education Loan PNB Interest Rate
PNB Education Loan Scheme:
- PNB Saraswati
- PNB Pratibha
- PNB Udaan
- PNB Kaushal
- `PNB Honhaar` Education Loan Scheme For Pursuing Higher Education And Skill Development Courses In Delhi
- PNB BIHAR STUDENT CREDIT CARD SCHEME Education Loan Scheme For Pursuing Higher Education For Students Of Bihar
- Concessional Education Loan
- Padho Pardesh
- Govt Guidelines On New CSIS Scheme
- Govt Guidelines On Old CSIS Scheme
- Guidelines Of Dr. Ambedkar Central Sector Scheme Of Interest Subsidy On Educational Loans For Overseas Studies For Other Backward Classes (OBCs) And Economically Backward Classes (EBCs) (With Effect From 01.10.2017)
- CREDIT GUARANTEE FUND SCHEME FOR EDUCATION LOANS (CGFSEL)
- CREDIT GUARANTEE FUND SCHEME FOR SKILL DEVELOPMENT (CGFSSD)
Education Loan PNB Bank:
#1: PNB Saraswati
The main purpose of the PNB Saraswati is to provide
financial support to meritorious students for pursuing higher education in
India. Candidates who going to apply for PNB Saraswati loan must be an Indian
national
Also candidates must 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).
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.
|
Security
|
Upto Rs. 7.50 lacs:
Parent(s)/guardian be made joint borrower (s). No tangible Security and /or
3rd party guarantee is required.
Above Rs.7.50 lacs:
Parent(s)/guardian be joint borrower(s).Tangible collateral security of
suitable value acceptable to bank.
|
Repayment (Maximum)
|
Maximum upto 15 years
|
Repayment Holiday/
Moratorium
|
Course period + 1 year
|
Prepayment Charges
|
NIL
|
#2: PNB Pratibha
PNB PRATIBHA` aims at providing financial support to
meritorious students who get admission in Premier Institutes in India.
Candidates applying for PNB Pratibha loan Should have secured admission in
Regular full time Degree / Diploma courses offered by Premier Institutes.
Margin
|
i. In case of institutes
covered at Annexure-I : - NIL
ii. In case of Institutes
covered at Annexure-II :
Up to Rs. 4 lac - NIL
Above Rs. 4 lac - 5%
iii.
Scholarship/Assistantship be included in margin
iv. Margin may be brought-in
on year-to-year basis as and when disbursements are made on a pro-rata basis.
Annexure-I - NIL
Annexure-II - 5%
|
Security
|
Co-obligation of
parents/guardian as joint co-borrowers.
|
Repayment (Maximum)
|
maximum upto 15 years
|
Repayment Holiday/ Moratorium
|
Course period + 1 year
|
Prepayment Charges
|
Nil
|
#3: PNB Udaan
Students should have Should have secured admission to a
higher education course in recognized institutions Abroad through Entrance
Test/ Merit Based Selection process after completion of HSC (10 plus 2 or
Equivalent).
Margin
|
Up to Rs. 4 lac - NIL
Above Rs. 4 lac - 15%
Scholarship/ assistantship
be included in margin.
Margin may be brought-in on
year-to-year basis as and when disbursements are made on a pro-rata basis.
|
Security
|
Upto Rs. 7.50 lacs:
Parent(s)/guardian be made joint borrower (s). No tangible Security and /or
3rd party guarantee is required.
Above Rs.7.50 lacs:
Parent(s)/guardian be joint borrower(s).Tangible collateral security of
suitable value acceptable to bank.
|
Repayment
|
maximum upto 15 years
|
Repayment
Holiday/Moratorium
|
Course period + 1 year
|
Prepayment Charges
|
Nil
|
#4: PNB Kaushal
The Scheme PNB Kaushal aims at providing financial support
for pursuing skill development courses.
Margin
|
NIL
|
Security
|
Parent(s)/guardian as joint
borrower.No collateral or third party guarantee is required.
|
Repayment (Maximum)
|
For Loans uptoRs.50,000 -
Upto 3 years.
For Loans betweenRs.50,000
toRs.1 lakh - Upto 5 years
For Loans aboveRs.1 lakh -
Upto 7 years
|
Repayment Holiday/
Moratorium
|
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.
|
Prepayment Charges
|
NIL
|
#5: ‘PNB Honhaar` Education
Loan Scheme For Pursuing Higher Education And Skill Development Courses In
Delhi
only those students who want to pursue diploma
or degree or Specified skill development courses in Delhi and have done their
Class-X and Class –XII from Delhi are eligible to apply for ‘PNB Honhaar`
Education Loan
Margin
|
NIL
|
Security
|
Parent(s)/guardian as joint
borrower.No tangible Security and /or 3rd party guarantee is required.
|
Repayment (Maximum)
|
Max 15 years
|
Repayment Hprepayment
chargesoliday/ Moratorium
|
Course period + 1 year
|
Prepayment Charges
|
NIL
|
PNB interest Education loan Rate:
- Loans up to Rs.4lacs are charged with an interest of base rate +2%.
- Loans above Rs.4lacs but up to Rs.7.5lacs is charged with an interest of base rate +3%
- Loans above Rs.7.5lacs the interest charged are base rate +2.5%.
- Base rate +1% of interest is charged irrespective of the amount where 100% tangible collateral security is provided in the form of IP, enforceable SARFESAI act. And where liquid security is available.
- Simple interest is charged even in the repayment holiday period.
- No processing fees or upfront fees are charged for this loan.
- Documentation charges are taken, Rs.270 is charged for the loan upto Rs.4lacs and Rs.450 is charged for the loan above Rs.4 lacs.
Category
|
Courses in India
|
Courses Abroad
|
IIT, IIM, ISB Courses
|
Max Loan Amount
|
Rs. 10 Lakh
|
Rs. 20 Lakh
|
Rs. 15 Lakh
|
Loans upto Rs. 4 lakh
|
10.45 %
|
10.45 %
|
8.85 %
|
Loans Rs. 4.0 - 7.5 lakh
|
10.45 %
|
10.45 %
|
8.80 % - 8.95%
|
Loans > Rs. 7.5 lakh
|
11.05 %
|
11.05 %
|
8.35 % - 8.45%
|
Loans upto Rs. 4 lakh
|
100%
|
100%
|
100%
|
Loans above Rs. 4 lakh
|
95%
|
85%
|
95%
|
Loans upto Rs. 7.5 lakh
|
10 years
|
10 years
|
10 years
|
Loans above Rs. 7.5 lakh
|
15 years
|
15 years
|
15 years
|
Co-Applicant required (Y/N)
|
Yes
|
Yes
|
Yes
|
Loans upto Rs. 4 lakh
|
Not required
|
Not required
|
Not required
|
Loans Rs. 4.0 - 7.5 lakh
|
Required
|
Required
|
Required
|
Loans > Rs. 7.5 lakh
|
Not required
|
Not required
|
Not required
|
Loans upto Rs. 4 lakh
|
Not required
|
Not required
|
Not required
|
Loans Rs. 4.0 - 7.5 lakh
|
Not required
|
Not required
|
Not required
|
Loans > Rs. 7.5 lakh
|
Required
|
Required
|
Required
|
Prepayment Charges (Y/N)
|
Nil
|
Nil
|
Nil
|
After course period
|
12 months
|
12 months
|
12 months
|
After getting job
|
6 months
|
6 months
|
6 months
|
FAQ’s Related To Education Loan PNB
Interest Rate:
#1: How Education Loan PNB Interest Rate Is Charged And Are There Any Concessions To Students?
- Interest charged on simple basis during the moratorium
- Concession of 1% ROI if interest serviced during moratorium period and thereafter installments are paid regularly
- Interest concession of 0.50% for women beneficiaries
- Concession of 50 bps in ROI to students getting score of 80 & above under PNB Score
- For loans up to Rs 7.50 lacs: up to 10 years
- For loans above Rs 7.50 lacs: up to 15 years
#3: What Is The Repayment Period Under PNB Kamgaar?
- For courses up to 1 year - In 2 to 5 years
- For courses above 1 year - In 3 to 7 years
#4: Is there any processing fee to avail education loan??
- for Indian students there is no processing fee but they have to pay documentation charges as given below
- For loans up to Rs. 4 lac: Rs.270/-
- above Rs.4.00 lac: Rs.450/- plus GST
Procedure to apply for PNB Bank education Loan:
First of all, you have to visit the official web portal of
the Punjab National bank that is www.pnbindia.in
on the home page of the official web portal, you have to hit
on loan tab given in the middle of the page
a drop down list will appear on your screen and you have to
hit on education loan tab
a new page will appear on your screen containing list of
education loan provided by the PNB ban
now you have to hit on suitable link for PNB education loan
according to the plan you want to apply for
PNB education loan notification will appear on your screen,
you are advised to go through it carefully and ensure your eligibility
after reading the PNB education loan notification carefully,
you have to hit on Apply for loan tab
a new page will appear on your screen and again you have to hit on education
loan link
PNB Education loan application form will appear on your
screen and you have to fill the online application form with all the asked
details
also you have to attach all the required documents,
testimonials and certificates along with the application form
At last, you have to hit on submit tab and take a print out
of the PNB education loan application form for further usage.
Final
words:
We hope you
are satisfied with the information provided on this page regarding the
Education Loan PNB Interest Rate. Those students who want to attain more
information about the PNB Education Loan Interest Rate may visit the Official
Link of the bank
or stay connected with our portal to get all the latest updates time to time.
Have a look on below given links
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