A public-sector option with scheme-based pricing, concessional rates for women applicants and long repayment tenures. Suited to families who can offer collateral and want the lowest indicative rate band.
Indicative rate
8.4% – 11.75%
Loan amount
Up to ₹1.5 Cr for overseas study under premier-institute schemes
Up to ₹1.5 Cr for overseas study under premier-institute schemes
Collateral
Usually required above ₹7.5L
Tenure
Up to 15 years after moratorium
Moratorium
Course period plus 6–12 months
Processing fee
Nil to 1% depending on scheme and amount
Prepayment
No prepayment charge on floating-rate education loans
Lender type
Bank
Loan products offered by Punjab National Bank Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1
Udaan (study abroad)
Students pursuing job-oriented degrees outside India.
Typical amount
Up to ₹1.5 Cr with adequate security
Security expected
Property or deposits plus a co-applicant
Pricing
Scheme-linked, among the lower public-sector bands
Tuition, living costs, travel and insurance covered
Long tenure after the moratorium period
Interest concession commonly offered to women applicants
Admission letter and fee structure from the institution
KYC of applicant and co-applicant
Academic marksheets and entrance/language scores
Co-applicant income proof: salary slips, ITR, bank statements
Collateral property papers with valuation and legal check
Passport, visa and forex documents for overseas study
Benefits
Interest concession typically available for women applicants
Long tenure keeps EMIs manageable
Interest subsidy schemes accepted where the applicant qualifies
Tax benefit on interest under Section 80E
Considerations
Collateral and legal/valuation checks add to the timeline
Branch-level processing means documentation must be complete
Margin money may be required for higher amounts
Application process
Share your admission and co-applicant details with ShikshaVahini
We map your case to the right PNB scheme and branch
Prepare documents and collateral papers
Branch submission and sanction discussion
Sanction letter, agreement and disbursement to the institution
EMI calculator for Punjab National Bank Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
₹25 lakh
8.40% p.a.
2 years
6 months
10 years
Indicative starting rate for Punjab National Bank Education Loan. Your sanctioned rate depends on your profile, collateral and the lender's spread.
This calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
