Study Loans

Would you please give here detail about the ‘PNB SARASWATI’ education /study loan scheme of Punjab national Bank ?

[Kiran Chandar]

‘PNB SARASWATI’ education /study loan scheme offered by Punjab national Bank to students pursuing Higher Education in India.

Eligibility:
Student should be an Indian national.

Student should have secured admission to a higher education course in recognized institutions in India .

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 )

Documentation Charges :
Rs.270/- for loans upto Rs. 4 lac
Rs.450/- for loans above Rs.4.00 lac (exclusive of service tax and education cess).

Repayment (Maximum):
For loans upto Rs.7.50 lac - upto 10 years
For loans above Rs.7.50 lac - upto 15 years