Go Back   2019 2020 2021 Student Forum > Management Forum > Main Forum



 
  #1  
Old 22nd July 2015, 12:50 PM
Unregistered
Guest
 
Default Apply Online for Education Loan in PNB

Hello, I am looking for the details regarding the online application process of the Punjab National Bank. So can you please provide me the details regarding this so that it may be helpful for me??
Reply With Quote Quick reply to this message
Similar Threads
Thread
How to Apply Tahdco Loan
SBI Personal Loan Apply Online
PNB Education loan for MBA
Apply for Education Loan in SBBJ
PNB Personal Loan Online Apply
HDFC Bank Personal Loan Online Apply
I Need Education Loan
Education loan in IOB
Education Loan USA
Education Loan in USA
Education Loan Bank Of Baroda Online
How to get Loan for Education
IIM Education Loan
How to Get an Education Loan
SBI Education Loan
Get Education Loan
Apply for Personal Loan in Punjab National Bank
Higher Studies Education Loan apply procedure
Bank of Baroda Personal Loan Apply
Gr.Gov In Education Loan At MCA
  #2  
Old 22nd July 2015, 04:01 PM
Super Moderator
 
Join Date: Apr 2013
Default Re: Apply Online for Education Loan in PNB

Punjab National Bank is an Indian financial services company which is being headquartered in New Delhi, Delhi, India.

It was founded on 19 May 1894.

You are looking for the details regarding the online application process of the Punjab National Bank. So I am providing it to you so that it may be helpful for you:

Go to the link pnbindia.in/En/ui/EducationLoanScheme.aspx
Looks Like:




There click on the Click here for applying for education loan online option a webpage will open which will look like this:




There enter the complete details and he click on the Final submit option. You will be applied for the Loan..!!

Contact:
Punjab National Bank
Nangloi Najafgarh Road
Nangloi Jat, Nangloi
New Delhi, Delhi 110041
011 2594 3361

Map:
Reply With Quote Quick reply to this message
  #3  
Old 19th May 2020, 03:05 PM
Unregistered
Guest
 
Default Re: Apply Online for Education Loan in PNB

Can you tell me about the eligibility requirements to apply for PNB Saraswati loan offered by PNB (Punjab National Bank) for its customers?
Reply With Quote Quick reply to this message
  #4  
Old 19th May 2020, 03:05 PM
Super Moderator
 
Join Date: Aug 2012
Default Re: Apply Online for Education Loan in PNB

The objectives for the PNB Saraswati loan offered by PNB (Punjab National Bank) for its customers are:

To provide assistance to the students who want to pursue higher studies in India.

To provide loans to the students who are seeking admissions in the approved courses to complete graduate and post graduate degrees and PG diplomas conducted by the colleges and Universities which are recognized by UGC/Govt./AICTE/AIBMS/ICMR etc.

For the courses like ICWA, CA, CFA etc

The courses which are conducted by the IIM’s, IIT’s, IISc’s, XLRI, NIFT, NID etc

To support students who are doing regular diploma or degree courses in Aeronautical, pilot training, shipping, Nursing etc. which are needed approved by the Director General of Civil aviation/shipping/Indian nursing council or by any governing regulatory body.

The advance diploma in Banking Technology which is offered by PNB IIT Lucknow

To help to complete the courses offered in India by any reputed foreign University.

To complete research programs offered by any designated academic authority or any regulatory body.


Eligibility:

One must be an Indian citizen.

One must have been selected for the course at a recognised institution in India via Merit-Based Selection or Entrance Test.

In the case of management quota, the case will be considered on merit basis.

One should haves obtained admission in eligible course through merit based selection process.

Where the admission is purely based on marks scored in qualifying exams, cut off percentage of marks is fixed - 50% for SC/ST and 60% for General category

PNB Kaamgar Student should have secured admission in a course run or supported by a Ministry / Deptt./ Organization of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so.

Margin:-

The margin money up to Rs.4lacs is nil.
The margin money above Rs. 4lacs is 5%.
Scholarship obtained can be considered as margin money in some cases.
Margin can be paid on a year to year basis if the disbursement is made on a pro rata basis.


Rate of Interest:-

Loans up to Rs.4lacs are charged with an interest of base rate +2%.
Loans above Rs.4lacs but up to Rs.7.5lacs is charged with an interest of base rate +3%
Loans above Rs.7.5lacs the interest charged are base rate +2.5%.
Base rate +1% of interest is charged irrespective of the amount where 100% tangible collateral security is provided in the form of IP, enforceable SARFESAI act and where liquid security is available.
Simple interest is charged even in the repayment holiday period.
No processing fees or upfront fees are charged for this loan.
Documentation charges are taken, Rs.270 is charged for the loan up to Rs.4lacs and Rs.450 is charged for the loan above Rs.4 lacs.


Security:-

For the loan up to Rs.4lacs parents and guardians have to be the joint borrower’s of the loan.
For the loans above Rs.4.lacs but up to Rs.7.5lacs the parents has to be the joint borrower beside this the collateral security is needed with a third party guarantee.
For the loans above Rs.7.5lacs parents and guardians have to be the joint borrower with a tangible collateral security value to be taken as assessed by the bank and also the future income has to be assigned for the repayment of the loan instalments.

The repayment period is for maximum 15 years.

The holiday period for the loan can be only course period+1 year.

Last edited by sumit; 19th May 2020 at 04:14 PM.
Reply With Quote Quick reply to this message
Reply


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 12:22 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3