Looking for an Education Loan from Punjab National Bank?

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Education Loans from Punjab National Bank (PNB)

Punjab National Bank (PNB) offers a range of education loans to different segments of the student population. As of October 2020, PNB offers eight education loans, each for a particular student segment or purpose in addition to offering three interest subsidy schemes to help students from less-privileged backgrounds to afford higher studies in India and abroad.

The eight education loans from Punjab National Bank are:

  1. PNB Saraswati Education Loan
  2. PNB Pratibha Education Loan
  3. PNB Pravasi Shiksha Education Loan
  4. PNB Udaan Education Loan
  5. PNB Concessional Education Loan
  6. PNB Kaushal Education Loan
  7. PNB Honhar Education Loan
  8. PNB Education Loan for Pursuing Higher Education for Students of Bihar (Bihar Student Credit Card Scheme)

In addition, the bank offers three Government Interest Subsidy Schemes on education loans.

We give you a brief intro to each of these education loans and interest subsidy schemes below. In addition, you have the option to click further in the link put in the overview and read in detail about each loan and the schemes on a specific page of their own.

Please note, these specific pages have been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. But we are not perfect and so, it would be great if you can share your feedback on how we can improve it for you.

PNB Saraswati Education Loan (Higher Study in India)

This loan is meant for students pursuing graduate, postgraduate and professional studies from recognised institutes in the country. This is a need-based loan and the maximum loan amount is decided by the bank after assessing the repayment capacity of the borrower and co-borrower.

Features of PNB Saraswati Education Loan for Higher Studies in India

Why this Loan?

  • The loan is meant for you if you have gained admission into a Bachelors, Masters, Doctorate (PhD) or a professional studies programme in the country
  • The PNB Saraswati Education Loan for Higher Studies in India is disbursed to the institution as required to pay the fees or other approved charges
  • The loan is disbursed as a series of payments over the required number of years and not as a lump sum

PNB Pratibha Education Loan (to Students of Premier Institutions in India)

This loan helps students who have gained admission into premier educational institutions in India to pay for their course fees. This is a need-based loan and the loan amount will be granted by checking the repayment capacity of the borrower and co-obligator subject to ceiling. Details are below.

Features of PNB Education Loan to Students of Premier Institutions

Why this Loan?

  • The loan is meant for you if you have gained admission into a graduate, post-graduate, PhD, professional or any other course in a premier educational institution in India
  • The bank disburses the PNB Pratibha Education Loan as a series of payments over the required number of terms or years to pay the course fees or other approved charges

PNB Pravasi Shiksha Education Loan (Higher Study in India for Students of Indian Origin Living Overseas)

This special education loan scheme is meant for students of Indian origin living overseas who want to pursue graduate, postgraduate and professional studies from recognised institutes in India. This is a need-based loan and the maximum loan amount is decided by the bank after assessing the repayment capacity of the borrower and co-borrower.

Features of PNB Pravasi Shiksha Education Loan for Higher Studies in India

Why this Loan?

  • The loan is meant for you if you are an Overseas Citizen of India (OCI), Person of Indian Origin (PIO) or Foreign Citizens by Birth born to Indian parents during their stay abroad and have gained admission into a Bachelors, Masters, Doctorate (PhD) or a professional studies programme in the country
  • The PNB Pravasi Shiksha Education Loan for Higher Studies in India is disbursed to the institution as required to pay the fees or other approved charges
  • The loan is disbursed as a series of payments over the required number of years and not as a lump sum

PNB Udaan Education Loan (for Study Abroad)

This loan helps students pursue notified courses such as an MBA, MCA, MS, etc. that improve their chances of landing a job. This is a need-based loan which means that the maximum loan amount depends on the repayment capacity of the borrower. The bank decides the loan amount after carefully assessing the application.

Features of PNB Udaan Education Loan for Higher Studies Abroad

Why this Loan?

  • The loan is meant for you if you have gained admission into a notified course such as an professional or technical graduate or postgraduate course, an MBA, MCA, MS, etc. that improve your chances of landing a job
  • The bank disburses the PNB Udaan Education Loan for Studies Abroad as a series of payments over the required number of terms or years to pay the fees or other approved charges

Punjab National Bank Concessional Education Loan Scheme

This loan helps Persons With Disabilities (PWD) category students having a disability to the extent of 40% or more who have secured admission into a recognised institute in India or abroad through Merit-based Selection. The maximum loan amount under this scheme is Rs. 10 lakh for studying in India and Rs. 20 lakh for studying abroad.

Features of Education Loan Scheme for Physically-challenged Persons under NHFDC

Why this Loan?

  • The loan is meant for you if you are a PWD category student and have gained admission into a recognised educational Institution in India or a foreign country
  • The bank disburses the PNB Concessional Education Loan Scheme for Physically-challenged Persons as a series of payments over the required number of terms or years to pay the course fees or other approved charges

PNB Kaushal Education Loan Scheme

Punjab National Bank offers loans up to Rs. 1.5 lakh under this scheme for students who wish to pursue skill development courses. This loan scheme is modelled on the Pradhan Mantri Kaushal Rin Yojana (PMKRY), also known as Skill Loan Scheme. It helps meritorious students pursue technical courses run by Industrial Training Institutes (ITIs), polytechnics and other education institutions affiliated to National Skill Development Corporation, Sector Skill Council, State Skill Corporation, etc.

Features of PNB Skill Loan Scheme for Technical Courses

Why this Loan?

  • The loan is meant for you if you have gained admission into a technical course offered by a polytechnic, training institute (ITI), etc. in India
  • The bank disburses the PNB Skill Loan Scheme as a series of payments over the required number of terms or years to pay the course fees or other approved charges

PNB Honhar Education Loan for Pursuing Higher Education & Skill Development Courses in Delhi

Punjab National Bank offers loans up to Rs. 10 lakh under this scheme for students who wish to pursue diploma or degree studies in Delhi and who have completed their Class 10 and 12 studies from the state. Children of Government of Delhi National Capital Territory (NCT) employees or officials and government servants who are posted in the NCT region also qualify for this loan.

Features of Higher Education & Skill Development Guarantee Scheme for Delhi Students

Why this Scheme?

  • The PNB Honhar Education Loan scheme helps meritorious students pursue higher education in Delhi with loans up to Rs. 10 lakh
  • It is an initiative of the Delhi Government and banks are given guarantees for the loans they advance through a Higher Education and Skill Development Credit Guarantee Fund that protects them in case of defaults from the borrower

PNB Education Loan for Pursuing Higher Education for Students of Bihar

This loan helps Bihar students who passed Class 12 from school and want to pursue higher studies in India to pay for their course fees. This education loan scheme is designed based on the Bihar Student Credit Card Yojana started in 2016 by Bihar government to provide financial support to deserving students from Bihar who cannot pursue higher studies because of financial constraints. The maximum loan amount that you can apply for is Rs. 4 lakh. For higher loan amount, the student can opt for other Punjab National Bank Education Loan Schemes.

Features of PNB Education Loan for EDP from Premier Institutions in India

Why this Loan?

  • The loan is meant for you if you are a student from Bihar and want to pursue higher education in Bihar or other parts of India
  • You can use the PNB Bihar Student Credit Card Scheme loan amount to pay for course related expenses including fees, purchase of books, examination fees, etc.

Punjab National Bank Government of India Interest Subsidy Schemes

Punjab National Bank offers three Government of India Interest Subsidy Schemes on education loans for meritorious and deserving students. These three schemes are:

  1. Central Scheme of Interest Subsidy for Education Loan
  2. Padho Pardesh Scheme of Interest Subsidy for Education Loans
  3. Dr. Ambedkar Central Sector Scheme of Interest Subsidy for Educational Loans

Reference Facts

  • Punjab National Bank Website: www.pnbindia.in and www.netpnb.com (net banking)
  • Headquarters: Dwarka, New Delhi
  • Call Centre Toll-Free Number: 1800 1802222, 1800 1032222