Punjab National Bank (PNB) - Education Loan
PSU BANKS
Collateral Needed
Loan Margin : 15%
2 weeks avg loan processing time
Margin
15%
Collateral
Yes
Loan Tenure
Upto 15 Years
Processing fee
1.0% onwards
Early Repayment
Yes(without any charges)
Living Cost
Yes
Secured Loan
Amount
Up To 2Cr
Un-Secured Loan
Amount
Up To 0
UniCreds Guarantee
100% transparent process
Fast loan processing
Free of cost service
No hidden fees
Feature
PNB is providing financial support ot meritorious students for pursuing higher education abroad through PNB Udaan Education Loans. They offer lower Interest rates and full moratorium benefit as all loans are secured against collateral. PNB Funds all universities and countries.
| Features | Education Loan Details |
|---|---|
| Loan amount | Minimum Loan Amount - ₹10Lac Maximum Loan Amount - ₹2Cr Secured Loan Collateral Value or COE whichever is lower. Collateral accepted: Property @ 80% Value FD @ 75% Value LIC @ Surrender Value |
| Margin money | 15% 15% of Loan Amount |
| Interest rate | Listed University 9.25% p.a. (Non-negotiable) Non-Listed 9.5% to 10% p.a. (Case to case) Note: 1% p.a.interest rebate can be allocated to students opting for SI during moratorium repayment or DIRECT EMI repayment options. This rebate will be given to the student at the time of loan closure or completion of loan tenure Additionally 0.5% p.a. concession allocated to female students. |
| Processing fee | 1.0% onwards Usually 1% of Loan amount for Life Insurance Additionally Property Insurance based on location (INR 20,000 to 40000) |
| Processing time | 2 Weeks |
| Loan tenure | 15 Years |
| Prepayment charges | Nil |
Looking for
Faster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Eligibility
Student of any age.
Needs a Co-applicant with good credit score And a Collateral to pledge against the loan amount.
Benefits
Lower ROI:
Interest is not compounding during moratorium, 1% Interest rebate on loan closure if simple interest repayment option selected during moratorium period, Excessive interest discount for female studuent.
Benefits Of Getting Your Education Loan Through UniCreds
Get Guidance at every step of your loan application
We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
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18001217661
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Need Guidance Faster? Call us at:
18001217661
How to Apply
Apply on Vidya Lakshmi Portal and Submit the form to PNB Executive connected by Unicreds Loan Consultant.
Submit all the documents including Collateral Documents.
Wait for bank to process the loan.
Once the loan is Sanctioned pay the PF of the bank for getting the Sanction Letter.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documents
Student and Parents KYC
Student Academic Documents with Offer Letter and, OR Entrance Exam Score Card.
Co-applicant Income Documents.
Collateral Documents.
Loan Repayment
Full Moratorium.
Course Duration +1 year no repayment to be made after that EMI starts.
If you choose to pay simple interest during course period rebate benefits available.
The displayed EMI amount is approximate & is subject to change based on various factors.
