Punjab National Bank Education Loan

The PNB provides the PNB Udaan education loan scheme to study abroad, in which it provides up to 15 years of repayment period.

According to PNB Education Loan requirements, the applicant: Should be an Indian National Should have secured a merit-based admission to a recognized university abroad Should be less than 35 years of age if unemployed and 45 years of age if employed Other factors are also considered, such as students' academic background, university, courses, and loan type. Based on these, the eligibility varies from case to case. What are the other eligibility criteria for higher studies loan from PNB? Find out

Here are the details of the documents required for an education loan in PNB. Check your education loan eligibility and arrange the following documents. Fill out the PNB education loan form, which will be provided by the Subraxo Financial Officer. Sign the application form and, along with it, attach two photographs. Documents for the applicant: Identity proof: PAN card, Aadhar card, and passport if you are going abroad Proof of residence: Voter ID card, Aadhar card, utility bills(electricity or telephone bills), ration card, and bank account statement Documents for co-applicant Bank account statement of 6 months(if salaried) Business transactions of 1 year(if self-employed) Academic documents of the applicant Marksheets of 10th, 12th, and degree Proof of admission for the total duration of the course Structure of fees GMAT/GRE/IELTS scorecard University ranking Financial co-applicant’s income documents(if salaried) Payslips of last 3 months Last 2 years form 16 ID card of the employer Last 2 years ITR Documents for financial co-applicant(if self-employed) Last 3 years ITR Profit and loss account of the last 3 years and the balance sheet Address proof of the business Other documents A letter in which you need to declare that the leftover expense required to be completed will be borne by your co-applicant(the format will be provided by Subraxo Financial Officer) Notarised joint affidavit with the student and co-applicant(format will be provided by Subraxo Financial Officer. Additional documents(if required) Advance payment receipt from the university Pending loan account statement If you have had any gap i

The interest payment for the Punjab National Bank education loan is not mandatory in the moratorium period and hence you can opt-out of it. If deciding to opt out of interest payment in the moratorium period, it will add up in the following EMIs. The bank also gives you the choice of closing off the loan early in the following ways. Opting for a shorter duration of repayment Prepayment Balance transfer to another bank Insure yourself of the education loan repayment issues by choosing Subraxo. Request a callback today!

Apply for an education loan by Punjab National bank through Subraxo for a faster loan sanction by following the below-given steps. Step 1- Request a callback from Subraxo or fill out a common application form. Step 2- A financial officer from Subraxo will call you back as soon as possible and will begin your study loan process by taking your details. Step 3- He/she will then match your details with the best loan possible for you and will connect you to those lenders after sending you a document uploading link Step 4- You will need to upload all the documents in the document uploading link, to take your education loan process forward Step 5- The next steps in the process will be carried out the by assigned lenders Step 6- Meanwhile your financial officer will also be in touch with you to clear any confusion that you might have in your Punjab National bank loan process. Step 7- You will have the sanction letter in your hand in the time promised by your financial officer.