PNB Education Loan College List 2024-2025
Looking to fund your dream education but unsure which colleges are covered under education loans? The PNB education loan college list for 2024-2025 could be your gateway to hassle-free financial support. Punjab National Bank (PNB) has designed its education loan offerings to match the growing demand, covering various accredited institutions across multiple fields of study.
Is your dream college on the PNB education loan college list? Keep reading to learn more about the comprehensive list of institutions and how you can benefit!
PNB Education Loan College List: PNB Pratibha
The PNB Pratibha scheme is one of Punjab National Bank's flagship education loan programs, offering exclusive financial aid to students aspiring to join India’s top-notch institutions. Whether you're targeting top engineering schools, management institutes, or medical colleges, PNB Pratibha has got you covered.
Under the PNB Pratibha scheme, you can get admission into PNB premiere institutions such as the following.
PNB Education Loan Interest Rates 2024
Punjab National Bank (PNB) offers various education loan schemes for students aiming to pursue studies in India and abroad. The interest rates for PNB education loans in 2024 depend on the loan scheme, loan amount, and repayment tenure.
Below are the interest rates for PNB education loans in 2024.
Want to learn more about the PNB Education Loan? Read this blog.
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PNB Education Loan Schemes
PNB education loans cover a wide range of expenses, including tuition fees, exam fees, accommodation, and even travel for students heading abroad. Whether you’re pursuing vocational courses, professional degrees, or higher studies at premier institutes, PNB has designed specific loan options to ensure that financial constraints don’t hold you back.
Let's explore the key PNB education loan schemes and their features.
There are 8 PNB Education loan schemes students can apply to:
- PNB Saraswati
- PNB Pratibha
- PNB Udaan
- PNB Kaushal
- PNB Honhaar
- PNB Pravasi Shiksha Loan
- PNB PM Cares Education Loan Scheme
- PNB Concessional Education Loan Scheme
Four of these are applicable to students based on merit or courses. The last 4 are for students belonging to special categories.
Let’s see a brief overview of these schemes.
Besides the above-mentioned programmes, there are some education loans that PNB provides for students of specific backgrounds. Following is a gist of such education loan schemes:
Also Read: IBA Model Education Loan Scheme: Eligibility & Rates 2024
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Punjab National Bank Education Loan Calculator
Punjab National Bank offers an Education Loan EMI Calculator to help you estimate your monthly repayments when taking an education loan. Here's how you can calculate your EMI (Equated Monthly Installment) for a PNB education loan.
1. Loan Amount
Enter the loan amount you wish to borrow. This could be for education in India or abroad, depending on the loan scheme you are opting for (e.g., PNB Saraswati, PNB Udaan).
2. Interest Rate
Input the interest rate applicable to the education loan.
3. Tenure (Loan Duration)
Choose the repayment tenure. PNB education loans generally have repayment terms of up to 15 years, depending on the loan amount and the specific scheme.
4. Moratorium Period
Education loans often come with a moratorium period, typically the course duration plus 6 to 12 months.
Punjab National Bank Education Loan: Application Process
The bank has made the application process relatively simple and accessible to ensure that students from diverse backgrounds can benefit. As of recent reports, the number of students seeking education loans in India is steadily rising, with a significant portion opting for public sector banks like PNB.
Now, let’s walk through the steps for applying for a PNB education loan.
- Visit the PNB official website.
- Select 'Retail' from the 'Product' menu.
- Download the application form for your chosen education loan.
- Print and complete the application form.
- Gather the necessary documents.
- Visit the nearest PNB branch to submit the form and proceed with the next steps.
Also Read: Apply for a Student Loan in India for UG Program
Punjab National Bank Education Loan: Documents Required
When applying for an education loan from PNB, it's essential to ensure that you have all the necessary documents ready. Below is an overview of the essential documents you will need to provide for PNB education loan applications.
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
Whether aiming for an engineering degree at IIT or pursuing a management program at IIM, the PNB education loan college list ensures students have access to quality education without the burden of upfront costs. With flexible repayment terms and competitive interest rates, PNB’s education loans make higher education more accessible than ever.
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