#1
April 17th, 2017, 10:18 AM
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Punjab National Bank Study Loan
Can you tell me in detail about the Scheme `PNB PRATIBHA`– Education Loan for Premier Institutes in India – offered by Punjab National Bank (PNB)?
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#2
April 17th, 2017, 11:09 AM
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Re: Punjab National Bank Study Loan
Established in 1894, Punjab National Bank (PNB) is one of India’s oldest and third largest public sector banks which cater to over 80 million customers. Bank offers multiple education loans and schemes to students and individuals, who wish to pursue higher education in India and abroad. Under education loans, it offers four distinct kinds of loans which are PNB Udaan, PNB Kaamgar, PNB Pratibha and PNB Saraswati. PNB PRATIBHA The Scheme `PNB PRATIBHA`– Education Loan for Premier Institutes in India - aims at providing financial support to meritorious students who get admission in Premier Institutes in India. Purpose Fee payable to college/ school/ hostel Examination/ Library/ Laboratory fee Life Insurance premium for student borrower, if applicable Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts. Purchase of books/ equipments/ instruments/ uniforms. Purchase of computer, at reasonable cost, if required for completion of the course. Any other expense required to complete the course - like study tours, project work, thesis, etc. Eligibility Should be an Indian national Should have secured admission in Regular full time Degree / Diploma courses offered by Premier Institutes, which include (i) Business Schools, (ii) Engineering Colleges, (iii) Medical Colleges and other reputed Institutes as per Annexure `I` & `II` Part-time Post Graduate Programmes in Management for Executives’, offered by Indian Institute of Management (IIM) at all centers. Post Graduate Programme in Management for Senior Executives (PGPMAX), offered by Indian School of Business (ISB) Hyderabad & Mohali campus Quantum of Finance Need based Finance subject to repaying capacity of the parents/ students (after getting employment); Reimbursement of fees paid within six months may be considered on individual merits of the case. Margin i. In case of institutes covered at Annexure-I : - NIL ii. In case of Institutes covered at Annexure-II : Up to Rs. 4 lac - NIL Above Rs. 4 lac - 5% iii. Scholarship/Assistantship be included in margin iv. Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis. Annexure-I - NIL Annexure-II - 5% Security Co-obligation of parents/guardian as joint co-borrowers Repayment (Maximum) Maximum upto 15 years Repayment Holiday/ Moratorium Course period + 1 year |
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