Education Loans-Punjab National Bank

Kapil G.

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