PNB Students 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.

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:

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: 

PNB Personal Loan for Students – Fees and Charges 

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

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.