COMPARE : EDUCATION LOANS
Punjab National Bank Education Loan
Introduction
PNB has designed "Vidyalakshyapurti” scheme to provide education loan to needy students such as students of +2 stage, Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, for professional courses, etc, on comfortable and affordable terms. Bank also provide life insurance cover to loan borrowers, it has tie up with Kotak Mahindra Insurance.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose Loan is given for Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters & Ph.D; Professional courses, etc. Loan is given for Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters & Ph.D; Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc., Computer Certificate courses of reputed Institutes accredited to Department of Electronics or institutes affiliated to University; Courses like ICWA, C.A., CFA, etc., courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc., Regular Diploma/Degree courses conducted by Colleges/Universities approved by UGC/Govt./AICTE/AIBMS/ICMR, Regular Degree / Diploma courses like Aeronautical, Pilot training, Shipping etc. approved by DGCA/ etc., Courses offered by National Institutes and other reputed Private Institutes.
Loan Amount Repayment of loan will be in equated monthly instalments (EMIs) for period as under:

For loans upto Rs.7.50 lac - upto 10 years
For loans above Rs.7.50 lac - upto 15 years
Repayment:
For loans upto Rs.7.50 lac - upto 10 years
For loans above Rs.7.50 lac - upto 15 years
Margin Money Upto Rs.4.00 lacs: Nil.
Above Rs.4.00 lacs: Studies 15%
Upto Rs.4.00 lacs: Nil.
Above Rs.4.00 lacs: Studies in India; 5%
Tenure Min. - 1 Yrs.
Max. - 7 Yrs.
Min. - 3 Yrs.
Max. - 7 Yrs.
Interest Rate Loan upto Rs.4 lac: 13.25%
Loan over Rs.4 lac to 7.50 lac : 14.25%
Loan above 7.50 lac : 12.25%
Loan up to Rs.4 lac: 13.25%
Loan over Rs.4 lac to 7.50 lac : 14.25%
Loan above 7.50 lac : 12.25%
Time to Process Loan 7 days 7 days
 Fees & charges
 Eligibility Criteria
 Security
 Terms & Conditions
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