Financial Aid
PNB Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 7.6%
Processing Fees
INR 10,000 + GST
Margin Money
15% of loan amount
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
PNB Bank Education Loan for Abroad Studies
All you need to know about PNB bank education loan for studying abroad
Overview of Punjab National Bank (PNB)
Punjab National Bank (PNB), established in 1894, is one of India’s largest public sector banks. It offers education loans for both domestic and international studies. Students planning to study abroad can apply for a PNB education loan through a simple process. However, it’s important to understand the eligibility criteria, required documents, and other key details before applying.
Types of Education Loans in Punjab National Bank
- PNB Saraswati Education Loan Scheme
- PNB Udaan Education Loan Scheme
- PNB Kaushal Education Loan Scheme
- PNB Pratibha Education Loan Scheme
- PNB Honhaar Education Loan Scheme
PNB Education Loans for Study in India
PNB offers two main education loan schemes for studies in India:
- PNB Saraswati: A regular education loan for students admitted through a merit-based process.
- PNB Pratibha: A collateral-free loan with lower interest rates, available for students admitted to one of 103 premier Indian institutions.
Eligibility Criteria for PNB Education Loan for Study in India
- Student should be Indian national.
- For PNB Saraswati, students must secure admission through a merit-based process. Management quota admissions are accepted only if the student is academically meritorious.
Expenses Covered under PNB Education Loan for Study in India
- Under these schemes, tuition fees, and expenses related to the purchase of books, equipment, computer, travelling, study tours, boarding, and lodging.
Margin Money Requirement for PNB Education Loan for Study in India
- No margin up to ₹4 lakh
- 5% margin for loans above ₹4 lakh
Application Process of PNB Abroad Education
- Step 1: Visit the official Punjab National Bank website and go to the education loan section.
- Step 2: Click on “Apply” to begin the online application.
- Step 3: You’ll be redirected to the “PNB WeblenS – Online Loan Application” portal.
- Step 4: Choose the “Retail Loan” option.
- Step 5: Select “Education Loan” to proceed.
- Step 6: Fill in the application form accurately and submit it. PNB will verify the details and guide you through the next steps.
PNB offers a student-friendly education loan process, with competitive interest rates and an option for non-collateral loans under the Udaan scheme—making overseas education more affordable and accessible.
Overview of PNB Udaan Education Loan - For Abroad Studies
Let us understand the key features of PNB Udaan education loan by the table below:
| Feature | Description |
|---|---|
| Loan Amount | INR 7.5 Lakh - INR 1 Cr |
| Rate of Interest | Male - 9.80%, Female - 9.25% |
| Processing Fees | INR 10,000 + GST (Non-refundable) |
| Margin Money* | Up to INR 4 Lakh - Nil; Above INR 4 Lakh - 15% |
| Moratorium Period* | Course Duration + 1 year |
| Repayment Tenure | Up to 15 years |
PNB Udaan Education Loan Scheme
The PNB Udaan Scheme is designed for students aiming to study abroad and offers secured education loans of up to INR 1 Cr. To be eligible, students must pledge collateral equal to or greater than the loan amount. For instance, for a loan of INR 40 Lakh, the collateral should also be worth INR 40 Lakh or more. The scheme comes with competitive interest rates and supports a wide range of academic courses and countries, making it a strong financial support option for international education.
PNB Udaan Education Loan Eligibility Criteria
- Indian Citizen, minimum 18 years old
- Admission Proof from a recognized university abroad
- Strong Academic Record with required entrance tests (GRE, TOEFL, IELTS)
- Co-applicant Needed for non-collateral loans (parent/guardian with stable income)
- Eligible Courses & Countries include USA, UK, Canada, Australia, NZ, and Europe
- Collateral Options: Property, FDs, or other tangible assets for secured loans
Documents Required for PNB Education Loan for Abroad
Submitting the right set of documents is essential to ensure a smooth evaluation and approval of your PNB education loan application. Both the student (applicant) and the co-applicant (usually a parent or guardian) need to provide documents that verify identity, academic background, financial stability, and other relevant details. Below is an overview of the commonly required documents for both parties.
For Applicant
- ID proof (PAN, Passport, DL, or Voter ID)
- Academic records (10th, 12th, degree certificates)
- Admission proof & expense statement
- 2 passport-size photos
For Co-Applicant
- ID proof (PAN, Passport, DL, or Voter ID)
- Income proof (Salary slips, Form 16/ITR)
- Last 6 months’ bank statements
For Collateral (If Applicable)
- Property ownership documents
- Approved property plan
- 30-year ownership history
How to Contact PNB for Education Loans
Write to PNB at care@pnb.co.in for any loan-related queries.
Online Application
Visit the official PNB website and apply for an education loan through their online portal.
Branch Visit
Walk into any of PNB’s 10,000+ branches across India for direct assistance.
Benefits of Getting a PNB Education Loan through Vittiya
- Tailored Loan Options: VITTIYA helps you secure the best PNB education loan as per your specific academic and financial profile.
- Faster Processing: With VITTIYA’s coordination, loan approvals can be completed in just 15–20 days—much quicker than the usual timeline.
- Trust & Reliability: Thousands of students choose VITTIYA for a secure and efficient loan process.
- Doorstep Document Pickup: Available in major cities like Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai & Kolkata.
- No Service Charges: VITTIYA offers 100% free support with no hidden fees.
- Higher Approval Chances: VITTIYA checks your documents thoroughly and resolves issues directly with PNB to ensure smooth approval.
How to Apply for an Education Loan from PNB through Vittiya
Applying for an education loan from PNB through VITTIYA is a smooth and hassle-free experience. The process starts with a quick eligibility check, after which VITTIYA takes care of everything else. Our expert loan counselors carefully evaluate your profile and suggest the most suitable lending options. With VITTIYA’s guidance, applying for a PNB education loan for studying abroad becomes effortless. We ensure that every step—from documentation to approval—is managed efficiently, so you can focus on your academic journey without financial stress. Start your application online with VITTIYA and bring your study abroad dreams closer to reality.
Overview of PNB
Punjab National Bank (PNB), established in 1894, is one of India’s largest public sector banks. It offers education loans for both domestic and international studies. Students planning to study abroad can apply for a PNB education loan through a simple process. However, it’s important to understand the eligibility criteria, required documents, and other key details before applying.
Types of Education Loans in Punjab National Bank
Punjab National Bank offers various education loan schemes to support different student needs. These include:
- PNB Saraswati Education Loan Scheme
- PNB Udaan Education Loan Scheme
- PNB Kaushal Education Loan Scheme
- PNB Pratibha Education Loan Scheme
- PNB Honhaar Education Loan Scheme
Overview of PNB Udaan Education Loan - For Abroad Studies
Overview of PNB Udaan Education Loan - For Abroad Studies
Planning to study abroad? The PNB Udaan Scheme offers education loans of up to ₹7.5 lakh without collateral. For loan amounts above ₹7.5 lakh, collateral is mandatory.
Students can apply for a non-collateral loan with a co-applicant (parent or guardian) who must co-sign and share repayment responsibility. For collateral-based loans, a financial co-applicant is not required.
PNB offers competitive interest rates, making it a reliable option for education loans for abroad studies.
| Loan Scheme | Loan Amount | Interest Rate | Processing Fees | Margin Money | Moratorium Period | Repayment Tenure |
|---|---|---|---|---|---|---|
| PNB Saraswati (For study in India) | Need-based finance as per the paying capacity of parents/students | Ranges between 10.5% to 11.25% depending on collateral and applicant's profile | NIL | Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5% | Course period + 1 year | Maximum up to 15 years |
| PNB Udaan (For study outside India) | Upto 1 Cr | Ranges between 9.25% to 11.25% depending on collateral and applicant's profile | 1% of loan amount for studying abroad | Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 15% | Course period + 1 year | Maximum up to 15 years |
| PNB Pratibha (For study in India) | Need-based finance for students admitted to premier institutions in India | Ranges between 8.10% to 10.5% depending on collateral and applicant's profile | NIL | Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5% | Course period + 1 year | Maximum up to 15 years |
PNB Education Loans for Study in India
PNB offers two main education loan schemes for studies in India:
- PNB Saraswati: A regular education loan for students admitted through a merit-based process.
- PNB Pratibha: A collateral-free loan with lower interest rates, available for students admitted to one of 103 premier Indian institutions.
Eligibility Criteria for PNB Education Loan for Study in India
- Student should be Indian national.
- For PNB Saraswati, students must secure admission through a merit-based process. Management quota admissions are accepted only if the student is academically meritorious.
Expenses Covered under PNB Education Loan for Study in India
- Under these schemes, tuition fees, and expenses related to the purchase of books, equipment, computer, travelling, study tours, boarding, and lodging.
Margin Money Requirement for PNB Education Loan for Study in India
- No margin up to ₹4 lakh
- 5% margin for loans above ₹4 lakh
Application Process of PNB Abroad Education
- Step 1: Visit the official Punjab National Bank website and go to the education loan section.
- Step 2: Click on “Apply” to begin the online application.
- Step 3: You’ll be redirected to the “PNB WeblenS – Online Loan Application” portal.
- Step 4: Choose the “Retail Loan” option.
- Step 5: Select “Education Loan” to proceed.
- Step 6: Fill in the application form accurately and submit it. PNB will verify the details and guide you through the next steps.
PNB offers a student-friendly education loan process, with competitive interest rates and an option for non-collateral loans under the Udaan scheme—making overseas education more affordable and accessible.
PNB Udaan Education Loan Scheme
| Feature | Australia / New Zealand | Canada | UK | Germany / Ireland / France / Italy |
|---|---|---|---|---|
| Rate of Interest | 12.5 - 14% | 12 - 13% | 12.5 - 13.5% | 12.5 - 13.5% |
| Loan Amount | INR 20 Lakh | INR 30 Lakh | INR 40 Lakh | INR 20 Lakh |
| Co-applicant Minimum Income | INR 60K | INR 30K | INR 40K | INR 40K |
| Monthly Installments during the Course | EMI | Simple interest | Simple Interest | Simple Interest / Partial Interest |
| Processing Fee | 1 - 1.5% | 1% | 1 - 2% | 1 - 1.5% |
PNB Udaan Education Loan Scheme
The PNB Udaan Scheme is designed for students aiming to study abroad and offers secured education loans of up to INR 1 Cr. To be eligible, students must pledge collateral equal to or greater than the loan amount. For instance, for a loan of INR 40 Lakh, the collateral should also be worth INR 40 Lakh or more. The scheme comes with competitive interest rates and supports a wide range of academic courses and countries, making it a strong financial support option for international education.
Overview of the PNB Udaan Education Loan
Let us understand the key features of PNB Udaan education loan by the table below:
| Feature | Description |
|---|---|
| Loan Amount | INR 7.5 Lakh - INR 1 Cr |
| Rate of Interest | Male - 9.80%, Female - 9.25% |
| Processing Fees | INR 10,000 + GST (Non-refundable) |
| Margin Money* | Up to INR 4 Lakh - Nil; Above INR 4 Lakh - 15% |
| Moratorium Period* | Course Duration + 1 year |
| Repayment Tenure | Up to 15 years |
PNB Udaan Education Loan Eligibility Criteria
- Indian Citizen, minimum 18 years old
- Admission Proof from a recognized university abroad
- Strong Academic Record with required entrance tests (GRE, TOEFL, IELTS)
- Co-applicant Needed for non-collateral loans (parent/guardian with stable income)
- Eligible Courses & Countries include USA, UK, Canada, Australia, NZ, and Europe
- Collateral Options: Property, FDs, or other tangible assets for secured loans
Documents Required for PNB Udaan Education Loan
For Applicant
- ID proof (PAN, Passport, DL, or Voter ID)
- Academic records (10th, 12th, degree certificates)
- Admission proof & expense statement
- 2 passport-size photos
For Co-applicant
- ID proof (PAN, Passport, DL, or Voter ID)
- Income proof (Salary slips, Form 16/ITR)
- Last 6 months’ bank statements
For Collateral (If Applicable)
- Property ownership documents
- Approved property plan
- 30-year ownership history
How to Contact PNB for Education Loans
Write to PNB at care@pnb.co.in for any loan-related queries.
Online Application
Visit the official PNB website and apply for an education loan through their online portal.
Branch Visit
Walk into any of PNB’s 10,000+ branches across India for direct assistance.
Benefits of Getting a PNB Education Loan through Vittiya
- Tailored Loan Options: VITTIYA helps you secure the best PNB education loan as per your specific academic and financial profile.
- Faster Processing: With VITTIYA’s coordination, loan approvals can be completed in just 15–20 days—much quicker than the usual timeline.
- Trust & Reliability: Thousands of students choose VITTIYA for a secure and efficient loan process.
- Doorstep Document Pickup: Available in major cities like Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai & Kolkata.
- No Service Charges: VITTIYA offers 100% free support with no hidden fees.
- Higher Approval Chances: VITTIYA checks your documents thoroughly and resolves issues directly with PNB to ensure smooth approval.
How to Apply for an Education Loan from PNB through Vittiya
Applying for an education loan from PNB through VITTIYA is a smooth and hassle-free experience. The process starts with a quick eligibility check, after which VITTIYA takes care of everything else. Our expert loan counselors carefully evaluate your profile and suggest the most suitable lending options. With VITTIYA’s guidance, applying for a PNB education loan for studying abroad becomes effortless. We ensure that every step—from documentation to approval—is managed efficiently, so you can focus on your academic journey without financial stress. Start your application online with VITTIYA and bring your study abroad dreams closer to reality.
yOUR ANSWER
Frequently Asked Questions
Can I apply for an education loan with Punjab National Bank online?
Yes, you can apply for a Punjab National Bank education loan online through their official website. The application is processed via the PNB WeblenS-Online loan platform, making the process smooth and easy to track.
Who can be a co-borrower?
A co-borrower (or co-applicant) is usually a parent or guardian of the student applying for the loan. They must have a stable income and good credit history, as they share the responsibility of repaying the loan if the student cannot.
Can I avail an additional amount to the loan that has already been provided?
Yes, you can request an additional loan amount from PNB for the same course. It is considered on a case-by-case basis, depending on your academic performance, project needs, and repayment capacity. Top-up loans for further studies may also be approved within eligibility limits and collateral terms.
Under the PNB Udaan loan, what is the maximum loan amount I can avail?
Under the PNB Udaan scheme, the maximum loan amount is need-based and depends on the repayment capacity of the student and co-applicant.
Is there any penalty for default under the PNB Pratibha loan?
Yes, under the PNB Pratibha loan, penal interest may be charged on defaults. It’s important to follow the repayment schedule. Exact penalty terms are shared by the bank.
In whose name is the education loan granted?
The education loan is granted in the student’s name, with a parent or guardian as co-applicant. Both share responsibility for repayment.
What is the age limit for availing a loan in Punjab National Bank?
In India, education loan age limits are generally 18-35 years. PNB specifies a minimum age of 18 but does not mention a specific upper age limit.
Are minors eligible to apply for a Punjab National Bank Udaan Education Loan?
No, minors cannot apply for PNB Udaan education loan since the minimum age requirement is 18 years.