#1
1st December 2015, 06:10 PM
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School Loans For Living Expenses
Is the living expenses included in amount of education loan offered by the Punjab National Bank (PNB) ? also tell about the rate of interest for the PNB education loan ?
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#2
2nd December 2015, 11:10 AM
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Re: School Loans For Living Expenses
Hey , living expenses are included in amount of education loan offered by the Punjab National Bank (PNB). PNB education loan offered to : Fee payable to College/ School/ Hostel Examination/ Library/ Laboratory fee. Insurance premium for student borrower. 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. PNB education loan : Rate of Interest Loan upto Rs 4 lac : Base Rate+2% Loans above Rs 4 lac upto Rs 7.50 lac : Base Rate+3% Loans above Rs 7.50 lac : Base Rate+2.50% Base Rate+1% to be charged for all loans, irrespective of amount. Eligibility Indian national. Secured admission to a higher education course in recognized institutions in India through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). |
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