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Education Loan PNB Interest Rate Online Application Form, Details 2014

Education loan PNB:

Punjab National Bank, PNB aims to provide education loan to the Indian students who are willing to study for higher education in India and abroad. You can check the complete details regarding loans such as Interest Rate on loan etc.

To get PNB Loan for Education, one needs to fill online application form through its main website. All the relevant and important details regarding Loan such as How to get loan etc are well specified below by the team of privatejobshub.blogspot.in.

Indian Education:
  • Courses and colleges approved by AICTE/UGC/Govt. recognized institutes like IIT/IIM
  • C.A., CFA, IFC are also financed.
  • Students from management quota are also provided with loan facilities.
  • Courses provided by reputed foreign institutes are also financed.
  • Evening classes for the job oriented students for the courses approved by the main working bodies are also considered. 
Foreign Education:
  • Graduation/post graduation courses in well recognized universities.
  • Degree/Diploma courses for aviation, shipping industries for the employment in India/foreign   
Eligibility Criteria:
  • Student should be of Indian Nationality.
  • Marks obtained by student in 10+2 must be above 60% for general category and 50% for SC/ST/OBC category. 
Expenses That Fall Under Consideration of Loan:
  • College/hostel/School fees
  • Purchase of books/uniforms/instruments/laptops.
  • Library/laboratory/examination fees
  • Refundable deposits (maximum 10% of tuition fee)
  • Travel expenses/ passage money for abroad.
  • Any other expenditure required to complete the course of education like training and project work are also financed. 
Finance Limit:

For abroad education Rs.20 lacs and for Indian education Rs. 10 lacs are the limits set by PNB.

Interest Rate And Repayment Time:

Repayment of the loan starts after the period of 1year of the completion of the course or 6 months after securing a job, whichever falls first.
  • Rate of Interest lies within the limit of 13% to 14.5% per annum
  • Loan up to Rs.7.5 lacs can be cleared within 10 years and above Rs. 7.5 lacs have the limit of 15 years.
Online Application Form:

The loan application form could be filled online by visiting to the official website of Punjab National Bank. To get more details, stay connected with us.

Note: Applicants can fill online Loan Application from here.

How to Apply for Education Loan
Bank Coaching Centres / Institute
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How to Get a Bank Job
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Commonly Asked Bank Interview Questions
Salary of Bank Employee in India
Online Practice Test for Bank Specialist Officers
Documents required for Education loan in India by Banks

To get more details regarding education loan schemes, applicants must visit the Official Website.

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