If you or lack of your child, if there is no money for higher education, the Punjab National Bank (PNB) may be a great option for you. From the PNB, you can get a loan from Rs 1 lakh to Rs.
PNB education alone?
Punjab National Bank’s Education is to provide financial assistance to students studying in India or abroad. This lend will provide high education to higher education such as school, college, professional courses, engineering, medical and MBA. The special feature of PNB educational loans is low interest rates and maintains the maintenance period, making students easier to repay the loan.
Qualification for PNB Education Loan
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The applicant must be an Indian citizen.
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The student’s age is at least 18 years old (if the student may lend the parents and the parts of the parents).
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The student should get admission to the authorized institution.
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The course should be whole time and frequent (not remote learning courses).
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The credit history of Lux – students or their parents should be good.
Documents required for PNB Education Loan
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Download from the PNB website or pick up from the branch).
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The entrance letter (of India or foreign institution).
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Details (Course Fee, Hostel Fees, etc.).
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Age limit (birth certificate, tenth classsheet).
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The proof of identification (Aadhaar Card, Pan Card, Passport).
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Proof of Address (Electricity Bill, Rental Agreement and Voter ID).
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Parents / Guardian Income Proof (Salaorary Slip, ITR, Bank Statement).
How can we find the PNB Education Loan?
The limit of education loans from PNB depends on the student’s course and the institute. Usually:
If the loan is less than Rs 4 lakh, the Comelite (guarantee) is not necessary. If the loan amount is high, you need to provide security, such as property or fixed deposit.
Interest rate of PNB Education Loan
The interest rate of the PNB educational loan varies according to the market, but is currently 8.50% to 11.50% Per year. The interest rate can be flooded or solved, it depends on your choice. SC / ST students will get some deductions to students.
How to apply for PNB Education Loan?
1. Online Application (via Mobile / website)
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PNB official website www.pnbindia.in Go to
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Go to “Loans” section and select the “Education Loan” option.
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Upload the required documents and upgrade the application form.
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After submitting, you will receive an application number.
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The bank will check your documents and start the loan approval process.
2. Offline app (going to the branch)
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Go to the nearest PNB branch.
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Take the form for education loan and fill it properly.
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Attach photocopy of all required documents.
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The bank will start processing the bank after submitting the form.
3. The app via the mobile app
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Download the PNB Mobile Banking App.
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Go to the credit section and select the education loan option.
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Complete and submit the online form.
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The bank will process your application, and immediately informs the loan approval.
PNB Educational Loan Authorization Process
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Checking bank documents after the application is submitted.
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If all the documents are correct, loan loan approves loan.
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The loan amount was transferred to the account of the student’s institute (according to fees).
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If the loan may require collateral if the loan is higher than 7.5 lakh.
PNB Education Loan Report (Repayment)
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The EMI course in the lon will start or gets work after completing the job (the first).
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The maintenance period can be 5 to 15 years, and it reduces the weight of EMI.
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If the student gets a job before completing the course, he can repay the loan soon.
Decision
The National Bank of the Punjab National Bank is a great convenience for students, so they can complete the study without financial interest. If you want loans to higher education, contact the PNB’s website or nearby branch. Applying from the Mobile is more likely to get immediate approval, so apply your loan to be your loan!