Education Loans-Punjab National Bank

Eligibility

Margin

Repayment (Maximum)

• 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

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

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

• Up to Rs. 4 lac – NIL
• Above Rs. 4 lac – 5%

Maximum upto 15 years

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.