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!
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
PNB Education Loan Interest Rates 2025
Below are the interest rates for PNB education loans under various schemes in 2025.
While reviewing PNB Education Loan Interest Rates 2024, consider the added advantage of Section 80E tax benefits, which can reduce the net cost of borrowing.
Want to learn more about the PNB Education Loan? Read this blog.
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Education Loan – PNB or CBI, Which is Better?
When it comes to funding higher education, many students prefer public sector banks because of lower interest rates, transparent terms, and government-backed schemes. But beyond the numbers, what really matters is how smooth the loan process feels in practice.
In a Reddit thread on education loans, a student planning a PGDM at MDI Gurgaon explained:
“Both PNB and CBI offered me 8.2% with no collateral and no processing fees. On paper, they looked the same. What I wanted to know was — which bank would actually make things easier?”
Others in the discussion highlighted that while PNB’s wider network and tie-up with the Vidya Lakshmi scheme often make disbursements quicker for reputed institutes, CBI’s processing speed can depend heavily on branch-level efficiency. Some students shared smooth experiences, while others mentioned delays and repeated paperwork requests.
The key insight? When the loan terms are nearly identical, the real difference comes down to branch service and officer support. Visit both branches near you, ask about turnaround times, and judge how cooperative the education loan officers are. Real student experiences show that the people behind the counter can matter more than the interest rate.
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.
Use the Punjab National Bank Education Loan Calculator to estimate your EMI based on the loan amount, interest rate, and repayment tenure before applying.
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.
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.
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.
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.
The Punjab National Bank Education Loan Documents Required generally include admission letters, academic transcripts, income proof, and identity documents—similar to those needed for loans to study in Ireland
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
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
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.
Empower your education with Propelld and say goodbye to financial worries. With easy digital approvals, flexible repayment plans, and loan amounts tailored to your needs, Propelld ensures you focus on your studies, not your finances.
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