#1
4th January 2016, 02:03 PM
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Student Loans Study Abroad
What are the eligibility conditions for issue Student Loan from Punjab National Bank to study in abroad?
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#2
4th January 2016, 02:04 PM
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Re: Student Loans Study Abroad
Punjab National Bank Provide financial support to meritorious students for pursuing higher education in India and abroad. [B]Eligibility: [/B] Student eligibility Should be an Indian National. Should have secured admission to a higher education course in recognized institutions in India or Abroad where the admission is purely based on marks scored in qualifying examinations. [B]Expenses considered:[/B] Fee payable to College / School / Hostel Examination / Library / Laboratory fee. Purchase of books / equipments / instruments / uniforms. Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts, Travel Expenses / Passage money for studies abroad. Purchase of computers at reasonable cost, if required for completion of the course. Insurance premium for student borrower, if applicable Any other expense required to complete the course - like study tours, project work, thesis etc. [B]Quantum of Finance [/B] For studies in India: Maximum Rs.10.00 lacs. For studies abroad: Maximum Rs.20.00 lacs. [B]Repayment:[/B] For loans up to Rs.7.50 lac : Up to 10 years For loans above Rs.7.50 lac : Up to 15 years |