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PNB Education Loan Programme 2024 Check Amount

PNB Education Loan Programme is a joint initiative offered by the Punjab National Bank and Buddy4Study to financially support Indian students for pursuing higher education in India or abroad. Under this programme, students, who are willing to pursue undergraduate and postgraduate courses, will be provided with a loan at interest rate starting from 8.2% (T&C apply) for education in India and abroad.

Check out more details about different education loan schemes below –

1. PNB Saraswati (Domestic Education Loan Scheme)
2. PNB Pratibha (Domestic Education Loan Scheme)
3. PNB Udaan (International Education Loan Scheme)

About Punjab National Bank

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Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of INR 2 lakh and working capital of INR 20,000. The bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian capital.

PNB Domestic Education Loan Programme
Eligibility

  • Students securing admission in diploma, undergraduate, postgraduate and PG diploma courses at a recognized Indian institution are eligible to apply.
  • Applicants must be resident Indians.
  • Applicants must have secured admission to a higher education course through an entrance test/merit-based selection process after completing HSC (Class 12 or equivalent).
Benefits:

Loan amount at an interest rate starting from 8.20% to 11.25%*.

NOTE: Lower interest rates for female candidates*

Terms and conditions apply

Documents

  • Aadhaar card
  • Passport size photograph
  • Current course fee structure (non-mandatory)
  • PAN card of co-applicant (non-mandatory)
  • College admission proof
  • Last 3 months bank statement of co-applicant (non-mandatory)
How can you apply?

  • Click on the ‘Apply Now’ button below.
  • Login/Register to Buddy4Study to land on the ‘Online Application Form Page.
  • Click the ‘Start Application’ button, fill out the application form and submit.

NOTE: If shortlisted, you will receive communication from PNB officials for further documentation and processing of the education loan.

Read Also: NSP National Scholarship Payment Track Status, Student’s Login option

PNB International Education Loan Programme
Eligibility

  • Students must secure admission in one of the courses specified below:
    • Graduation: For job-oriented professional/technical courses offered by reputed universities.
    • Postgraduation: MCA, MBA, MS, etc.
    • Courses conducted by CIMA – London, CPA in USA etc.
    • Degree/diploma courses like aeronautical, pilot training, shipping, etc., provided competent regulatory bodies recognize these for employment abroad.
  • Applicants must be resident Indians.
  • Applicants must have secured admission to a higher education course through an entrance test/merit-based selection process after completing HSC (Class 12 or equivalent).
Benefits:

Loan amount at an interest rate ranging from 9.25% to 11.25%*

NOTE: Lower interest rates for female candidates*

*Terms and conditions apply

Documents

  • Aadhaar card
  • Passport size photograph
  • Current course fee structure (non-mandatory)
  • PAN card of co-applicant (non-mandatory)
  • College admission proof
  • Last 3 months bank statement of co-applicant (non-mandatory)
How can you apply?

  • Click on the ‘Apply Now’ button below.
  • Login/Register to Buddy4Study to land on the ‘Online Application Form Page.
  • Click the ‘Start Application’ button, fill out the application form and submit.

NOTE: If shortlisted, you will receive communication from PNB officials for further documentation and processing of the education loan.

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