PNB Students Personal Loan

Personal Loan By Amount
Personal Loan By Profession
Personal Loan By Other
Personal Loan By Scheme

PNB short term personal loan

Punjab National Bank (PNB) offers multiple loan schemes for students. Each scheme boasts various features and aims to meet the diverse needs of students. The available schemes may include PNB Saraswati, PNB Pratibha, PNB Udaan, PNB Kaushal, and PNB Pravasi Shiksha Loan. Moreover, all these personal loans come with competitive interest rates, flexible repayment plans, lower processing fees, and no hidden fees, making them a more cost-effective credit option. Since the application process has become digitalised, candidates can apply and receive the necessary funds online. To learn more about these remarkable credit options, continue to scroll down. Herein, we provide a general overview of the PNB education personal loans.

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. PNB Personal Loan for Students Highlights

2. Compare Students Loan From Other Banks

3. PNB Personal Loan for Students Fees and Charges

4. PNB Personal Loan for Students Documents Required

5. PNB Personal Loan for Students Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

PNB Personal Loan for Students – Highlights

As mentioned above, the bank offers multiple schemes regarding education loans. Each loan has its features, loan quantum, eligibility criteria, etc. The applicable interest rates also vary slightly from one scheme to another. However, to get a general idea about PNB student instant loans, follow the table given below:

Loan Amount	Up to ₹10 Lakh *
Interest Rates	9.50% p.a. onwards *
Loan Tenure	Up to 7 years
Eligibility	Must have secured admission to a higher education program at an accredited institution.

Compare Students Loan From Other Banks

Here is the comparison of a Punjab National Bank (PNB) student personal loan online with other lenders in India:

Lender	Interest Rate	Processing Fee	Loan Amount	Loan Tenure
Punjab National Bank (PNB)	9.50% p.a. onwards	0.35% of the loan amount	Up to ₹10 lakhs	7 years
Kotak Mahindra Bank	10.99% p.a. onwards	Up to 3% of the loan amount	Up to Rs 40 lakh	6 years
State Bank of India	10.55% p.a. onwards	Up to 0.75% of the loan amount	Up to Rs 35 lakh	6 years
Axis Bank	10.49% p.a. onwards	Up to 2% of the loan amount	Up to Rs 40 lakh	7 years
IndusInd Bank	10.49 p.a. onwards	Up to 3% of the loan amount	Up to Rs 50 lakh	6 years
Bank Of Baroda	12.15% p.a. onwards	Up to 2% of the loan amount	Up to Rs 20 lakh	7 years

PNB Personal Loan for Students – Fees and Charges

Following are the expected fees and charges for a PNB education personal loan:

Fee/Charge	Amount
Processing fee	0.35% of the loan amount
Documentation Charges	₹1,350
Prepayment Charges	Nil
Late Payment Charges	2% p.m. on the overdue amount

PNB Personal Loan for Students – Documents Required

Following are the PNB student personal loan documents that you may need to submit along with your loan application:

Identification Documents: Aadhar Card, PAN Card, Voter ID, Driving License, or Passport.
Residential Documents: Electricity, Water, and Landline Phone Bills or an attested affidavit from a Government-Gazetted Officer.
Academic Records: Educational mark sheets and passed certificates from previous academic levels.
Admission Documents: Letter of Admission from the next Academic Institution and, if applicable, a Conditional/Provisional Offer Letter, especially for studies abroad or specific schemes like PNB Udaan.
Financial Documents: Bank statements, salary slips, IT returns, and assets/liabilities of the borrower/co-borrower/guarantor.

PNB Personal Loan for Students – Eligibility Criteria

Following are the PNB student personal loan eligibility that you may need to meet to get your loan application approved:

Age Requirement: The minimum age requirement is typically 18 years.
Academic Record: A good academic record is expected.
Admission Criteria: Admission must be secured in a recognised educational institution.
Nationality: The student should be an Indian citizen or passport holder.