As per your request here I am providing you information about the Features / Benefits as well as Documents Required of Punjab National Bank Education Loans.

Features / Benefits of Punjab National Bank Education Loans:
Quantum of Loan:
Applicants can avail this loan for a maximum amount of Rs 10 lack.

Repayment Period:
Loans up to Rs 7.50 lack must be repaid in a maximum period of up to 10 years and loans exceeding Rs 7.50 lack must be repaid within a maximum period of up to 15 years, in equal monthly installments.

Applicants will be entitled to repayment holiday period of either ‘course duration + 1 year’ OR ‘6 months after getting a job’, whichever occurs earlier.

Interest Rate:
Amount of Loan
Repayable in Less Than 3 Years (BR10%)
Repayable in 3 Years & Above
Up to Rs 4 lac
BR + 3.00%
BR + 2.50% + Term Premium (TP0.50%)

Over Rs 4 lac & up to Rs 7.50 lac
BR + 4.00%
BR + 3.50% + TP

Over Rs 7.50 lac
BR + 2.00%
BR + 2.00%



Documents Required for PNB Education Loans:
PNB Saraswati:
Loan application as per the bank's format.

Details of assets & liabilities of parents/co-applicants/guarantors

If the loan requires a collateral mortgage of IP as security, then a copy of Title Deed and
Valuation is required

Borrower must obtain, at their expense, a Non-encumbrance Certificate from an approved lawyer of the bank

Passport size photograph.

Proof of address & age

PAN Card copy of student borrower

Proof of having cleared last qualifying examination.

Letter of Admission

Course Prospectus which states details of charges/fee for admission, examination, Hostel etc.

Any other document/information, depending upon the case and purpose of the loan

PNB Kaamgar:
Loan application as per the bank’s format

Course prospectus mentioning charges/fee pertaining to admission, examinations, hostel etc.

Details of assets & liabilities of parents/co-applicants

Passport size photograph

Address proof

Proof of age

Proof of having cleared last qualifying examination.

Letter of admission to say vocational/ skill development courses.

Any other document/information, depending on the case and purpose of the loan