PNB Education Loan College List 2025

Looking to fund your dream education but unsure which colleges are covered under education loans?  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!

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‍PNB Education Loan Schemes

Let's explore the key PNB education loan schemes and their features.

There are 8 PNB Education loan schemes students can apply to. 

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. 

1. PNB Saraswati Education Loan

PNB Saraswati Education Loan supports deserving students in India by covering various educational expenses. It can be availed for a loan up to ₹4 lakhs at an interest rate of 10-10.75%.

2. PNB Pratibha Education Loan

PNB Pratibha Education Loan provides financial support to students admitted to top institutions, ensuring they can pursue quality education. The loan offers competitive interest rates ranging from 8.2% to 10.5%.

3. PNB Udaan Education Loan

PNB Udaan Education Loan is tailored for meritorious students aspiring to study abroad, covering tuition and living expenses. It comes with an interest rate of 10-11.25%.

4. PNB Kaushal Education Loan

PNB Kaushal Education Loan supports students enrolling in skill development courses, offering loans up to ₹1.5 lakh without collateral at an interest rate of 10.25-10.75%.

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Discover PNB’s Education Loan Options

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: 

PNB offers various education loan schemes tailored for students in India and abroad, skill courses, and special categories.

1. PNB Honhaar Education Loan

Provides financial assistance to students pursuing higher education in Delhi, offering up to ₹10 lakhs without tangible security at an interest rate of 11.25%.

2. PNB Pravasi Shiksha Loan

Supports OCI students or those born abroad who wish to study in India, covering all educational expenses with an interest rate of 11.25%.

3. PNB PM Cares Education Loan Scheme

Helps children orphaned due to COVID-19 by funding their education with an interest rate ranging from 9.5% to 10%.

4. PNB Concessional Education Loan Scheme

Offers financial support to students with disabilities, providing loans up to ₹50 lakhs at a highly subsidized interest rate of 4%.

Get complete details about PNB Education loan, the different schemes, interest rates, features and how to apply.

Also Read: IBA Model Education Loan Scheme: Eligibility & Rates 2024

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PNB Education Loan College List

The PNB Education Loan College List includes approved institutions eligible for education loans under PNB schemes like Saraswati and Pratibha. It covers IITs, IIMs, AIIMS, NITs, and other recognized colleges, with loan amounts varying based on the institution and course type.

1. 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. 

2. PNB Saraswati Education Loan College List

​The PNB Saraswati Education Loan Scheme is designed to provide financial support to meritorious students pursuing higher education in India. Below are the key details of the scheme:

You can download the PNB Saraswathi Education Loan College List PDF here.

3. PNB Education Loan College List Abroad

The PNB Udaan Education Loan Scheme is designed to support students aspiring to study abroad by offering flexible financial assistance with competitive interest rates and repayment options.

Get a summarized version of the key details of the PNB Udaan Education Loan Scheme here

If you're wondering which colleges qualify for education loans, check out our detailed guide on Education Loan Eligibility: Top Lenders & Interest Rates  to understand how banks assess applicants

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PNB Education Loan Interest Rates 2024

Below are the interest rates for PNB education loans under various schemes in 2025.

Want to learn more about the PNB Education Loan? Read this blog.

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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. 

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Plan Your Education Loan Smartly!

Use the Propelld Education Loan Calculator to estimate your EMI, interest rates, and repayment plans with ease. Get a clear picture of your loan affordability and make informed financial decisions for your education.

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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.

1. Visit the PNB official website.
2. Select 'Retail' from the 'Product' menu.
3. Download the application form for your chosen education loan.
4. Print and complete the application form.
5. Gather the necessary documents.
6. 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

If you're looking for funding without pledging any assets, check out this guide on education loans without collateral to explore your options.

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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.

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‍Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility. 

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If you belong to a minority community and are looking for specialized education loan schemes, check out our guide on Minority Education Loan Scheme 2025. It covers eligibility, interest rates, and application processes tailored for students from minority backgrounds

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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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Take the next step in your academic journey — Apply for an education loan with Propelld today!

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FAQs About PNB Education Loan College List

What is the PNB Pratibha scheme, and how does it benefit students? 

The PNB Pratibha scheme is a flagship education loan program offered by Punjab National Bank, designed to provide financial assistance to meritorious students pursuing higher education in top institutions in India and abroad.

What is the PNB education loan college list for 2024-2025? 

The PNB education loan college list for 2024-2025 is a comprehensive list of institutions covered under Punjab National Bank's education loan offerings. The list includes various accredited institutions across multiple fields of study, such as engineering, management, medicine, and law.

What are the benefits of the PNB education loan college list? 

The PNB education loan college list provides students with a hassle-free financial support option to fund their dream education. The list covers various accredited institutions across multiple fields of study, making it easier for students to find a suitable college and course.

What is the PNB Pratibha scheme's loan amount for IIMs and IITs?

The PNB Pratibha scheme offers a loan amount of up to 35 lakhs for IIMs and up to 30 lakhs for IITs.

What is the PNB education loan college list abroad? 

The PNB education loan college list abroad includes various accredited institutions across multiple fields of study, such as engineering, management, medicine, and law. The list covers institutions in countries such as the US, UK, Canada, Australia, and New Zealand.

What is the PNB education loan interest rate for 2024? 

The PNB education loan interest rate for 2024 depends on the loan scheme, loan amount, and the repayment tenure. The interest rates for PNB education loans in 2024 range from 4% p.a. to 12.75% p.a.

What are the key features of the PNB education loan schemes? 

The key features of the PNB education loan schemes include coverage of various expenses such as tuition fees, exam fees, accommodation, and travel expenses. The loan schemes are designed to ensure that financial constraints do not hold students back from pursuing their dream education.

What is the PNB education loan calculator? 

The PNB education loan calculator is a tool that helps students estimate their monthly repayments when taking an education loan. The calculator takes into account the loan amount, interest rate, repayment tenure, and moratorium period.

What is the application process for PNB education loans? 

The application process for PNB education loans involves visiting the PNB official website, selecting 'Retail' from the 'Product' menu, downloading the application form for the chosen education loan, printing and completing the application form, gathering the necessary documents, and visiting the nearest PNB branch to submit the form and proceed with the next steps.

What are the documents required for PNB education loan applications? 

The documents required for PNB education loan applications include identity proof, address proof, academic records, proof of admission, course fee structure, and proof of income of the co-borrower.

What is the repayment period for PNB education loans? 

The repayment period for PNB education loans depends on the loan scheme and loan amount. The repayment period generally ranges from 10 to 15 years.

What is the moratorium period for PNB education loans? 

The moratorium period for PNB education loans is typically the course duration plus 6 to 12 months.

What is the maximum loan amount for PNB education loans? 

The maximum loan amount for PNB education loans depends on the loan scheme and the student's needs. 

What are the margin requirements for PNB Udaan loans?

For loans up to ₹4 lakh, there is no margin requirement. For loans above ₹4 lakh, a 15% margin is required. Scholarships or assistantships can be included in the margin.

What security is required for PNB Udaan loans?

For loans up to ₹7.5 lakh, no tangible security or third-party guarantee is required, but parents or guardians must be joint borrowers. For loans above ₹7.5 lakh, tangible collateral security of suitable value acceptable to the bank is required, along with parents or guardians as joint borrowers.

What is the repayment period for PNB Udaan loans?

The maximum repayment period for PNB Udaan loans is 15 years, excluding the moratorium period.

What is the moratorium period for PNB Udaan loans?

The moratorium period for PNB Udaan loans includes the course duration plus one year.

Are there any prepayment charges for PNB education loans?

No, there are no prepayment charges for PNB education loans.

Is there any interest concession for female students?

Yes, PNB offers a 0.50% interest concession for female beneficiaries under the PNB Kaushal education loan scheme.

What is the PNB Kaushal education loan scheme?

PNB Kaushal is an education loan scheme that provides financial assistance to Indian nationals pursuing skill development courses. The loan amount ranges from ₹50,000 to ₹1.5 lakh.

Who can be a co-obligant for PNB education loans?

Parents, grandparents, spouse, or parents-in-law can act as co-obligants for PNB education loans.

What are the processing charges for PNB education loans?

Processing charges vary depending on the loan scheme. For example, under the PNB Udaan scheme, there is a processing/upfront charge of 1% with a minimum of ₹10,000, which is refunded if the first disbursement is made within six months from the date of sanction.

How is interest charged during the moratorium period?

Simple interest is charged at monthly rests during the repayment holiday/moratorium period. From the due date of repayment, interest is compounded on a monthly basis.

Is there a penalty for defaulting on PNB education loans?

For loans up to ₹25,000, there is no penalty. However, in case of default on higher loan amounts, penal interest at 2% is charged on the outstanding amount.

Can I avail a top-up loan for further studies?

Yes, top-up loans for students pursuing further studies within the overall eligibility limit may be considered on merits, subject to required security.

Are there any documentation charges for PNB education loans?

No, there are no documentation charges for PNB education loans.

How do I apply for a PNB education loan?

Loan applications can be submitted online through the Vidya Lakshmi portal.

What expenses are covered under PNB education loans?

PNB education loans cover various expenses, including tuition fees, examination fees, library and laboratory fees, purchase of books and equipment, travel expenses, and personal living expenses.

Is life insurance coverage mandatory for PNB education loans?

Life insurance coverage for the student borrower may be included as part of the education loan, if applicable.

Can I avail an education loan for part-time courses?

Yes, PNB offers education loans for part-time postgraduate programs for executives offered by IIMs and ISBs, as well as other recognized part-time courses.