Punjab National Bank Education Loan
Government BankA public sector bank offering education loans for study in India and abroad, with no processing fee on this scheme.
Why Choose PNB Education Loan?
Transparent Margin Rules
Clear, published margin money requirements — no hidden conditions.
Collateral Waived on Small Loans
Certain government-backed schemes waive collateral for smaller loan amounts.
Course + 1 Year Moratorium
Repayment starts one year after course completion, with simple interest during this period.
Zero Processing Fee
No processing charge on this scheme, unlike many private lenders.
Trusted PSU Bank
Backed by decades of public sector banking experience across India.
Expenses Covered
PNB Loan Highlights
- Loan up to ₹2 Crore for studies in India & abroad
- Zero processing fee on this scheme
- Moratorium: course duration + 1 year grace
- Simple interest charged during moratorium
- Repayment tenure up to 15 Years
- Collateral may be waived under certain schemes for small amounts
- Transparent margin money rules
- Available across PNB's nationwide branch network
Eligibility Criteria
Indian Citizenship
Applicant must be an Indian citizen with a confirmed admission offer.
Recognized Institution
Admission must be to a recognized university or institution, in India or abroad.
Co-applicant Required
A parent, guardian, or spouse typically needs to co-sign the loan application.
Collateral Above Certain Amounts
Secured collateral is generally required once the loan crosses PSU-scheme thresholds; smaller loans may be collateral-free under specific schemes.
Documents Required
Standard checklist for education loan applications — confirm the exact current list with your PNB branch before applying.
Student Documents
- Passport
- Admission Letter
- Academic Marksheets
- PAN Card
- Aadhaar Card
- Photographs
Co-applicant Documents
- PAN Card
- Aadhaar Card
- Salary Slips / ITR
- Bank Statements (6 months)
- Employment Proof
- Address Proof
Collateral Documents (if applicable)
- Property Papers (Registry)
- Latest Tax Receipt
- Property Map
- Chain Documents
- NOC (If Applicable)
- Valuation Report
How PNB Education Loan Works
Check Eligibility
Apply & Upload Documents
Application Login
Credit Evaluation
Sanction Letter
Visa Approval
Disbursement of Loan
University Coverage
PNB education loans are available for admission to recognized universities and institutions both in India and abroad, subject to the university/course being on PNB's approved list at the time of application. Coverage for specific universities and countries can vary — confirm with your branch or our counsellors before applying.
EMI Calculator
Estimate your monthly EMI for a PNB education loan based on amount, tenure, and interest rate.
Open EMI CalculatorFrequently Asked Questions
Still not sure if PNB Education Loan is right for you?
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