The Name You Can Bank Upon
Interest Rate
~10.75%
Max Loan
₹1 Crore
Max Tenure
15 years
Processing Fee
NIL
Punjab National Bank offers the PNB Saraswati scheme for higher education in India and the PNB Udaan scheme for studies abroad. PNB is one of India's top nationalized banks with a strong presence across the country. The bank provides education loans with competitive rates linked to MCLR.
| Parameter | Details |
|---|---|
| Bank Name | Punjab National Bank |
| Bank Type | Govt Banks |
| Interest Rate | MCLR + 2.00% – 2.60% |
| Maximum Loan Amount | ₹1 Crore |
| Maximum Tenure | 15 years |
| Processing Fee | NIL |
| Moratorium Period | Course period + 12 months |
| Eligible Schemes | Padho Pardesh, CSIS, Skill Loan |
| Loan Category | Interest Rate (p.a.) |
|---|---|
| Up to ₹7.5 Lacs | MCLR + 2.00% |
| Above ₹7.5 Lacs | MCLR + 2.60% |
| PNB Udaan (Abroad) | MCLR + 2.75% |
| 0.5% concession for female students | MCLR + 1.50% |
Rates are indicative. Final interest rate depends on applicant profile, course, institute, and collateral provided.
PNB Saraswati for domestic, Udaan for abroad
Covers tuition, examination, hostel & travel
Nil processing charges
Simple interest charged during moratorium
Repayment in EMI after moratorium
CSIS & Padho Pardesh subsidy available
Advantages
Disadvantages
Indian citizen with secured admission
Minimum 50% in qualifying exam
Co-applicant with stable income mandatory
Good academic track record
Visit nearest PNB branch or apply via PNB ONE app
Submit filled loan application form
Provide required documents
Credit assessment by bank officer
Sanction letter issued within 10–15 days
Pro Tip: Apply at least 4–6 weeks before your course fee payment deadline to avoid last-minute delays.
The Name You Can Bank Upon
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Eligible Government Schemes
Padho Pardesh, CSIS, Skill Loan
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