Guide to Punjab and Sind Bank Education Loan 2025

Punjab and Sind Bank, a government-owned bank in India, offers education loans as part of its financial services to support students who wish to pursue higher education in India and abroad. These loans are designed to cover a wide range of expenses associated with higher education, including tuition fees, books, and equipment, travel expenses for studies abroad, and other necessary costs. With competitive interest rates and flexible repayment options, Punjab and Sind Bank aims to make higher education accessible to all, ensuring that financial constraints do not hinder a student's educational aspirations.

Punjab & Sind Bank loan schemes 

Punjab & Sind Bank currently offers three types of education loan options:

• Model PSB Education Loan: Punjab and Sind Bank loan schemes for India and abroad.
• PSB Excellence-Education Loan: Punjab and Sind Bank loan schemes for India.
• PSB Skill Education Loan: Punjab and Sind Bank loan schemes for skill-based courses in India.

An overview of Education loan from Punjab and Sind Bank

Check Your Education Loan Eligibility

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Expenses covered under Punjab and Sind Bank education loan

Punjab and Sind Bank education loan provides financial assistance to cover various expenses related to your education. Here are the typical expenses covered under an education loan:

• Tuition fee
• Examination fee
• Travel fair
• Cost of accommodation
• Cost of books, equipment, instrument, or uniforms
• Miscellaneous expenses - study tours, project work, thesis, etc
• Cost of a computer or laptop required for the completion of the course

Eligible Courses for the PSB Excellence-Education Loan Scheme

• Students who have secured admission in regular full time Degree / Diploma courses of all the IIMs, IITs and ISB Hyderabad.

Eligible Courses for PSB Model Education Loan

India:

• Approved courses leading to graduate, post-graduate degrees and PG diplomas conducted by recognized colleges/universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR, etc.
• Degree/diploma courses like Aeronautical, Pilot Training, Shipping, Nursing, or any other discipline, approved by the Director General of Civil Aviation/Shipping/Indian Nursing Council (INC) or any other regulatory body. 
• If the university where the student seeks admission is among the top universities in the country, then exceptions are made.

Abroad:

• For job-oriented professional/ technical courses offered by reputed universities
• MCA, MBA, MS, etc.Courses conducted by CIMA- London, CPA in USA etc.
• Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies abroad for the purpose of employment abroad.

Eligible Courses for PSB Skill Education Loan

• Any individual who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by central or State education Boards or in a college affiliated to recognized university, training partners affiliated to National Skill Development Corporation (NSDC)/Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a certificate / diploma / degree issued by such organization as per National Skill Qualification Framework (NSQF) is eligible for a Skilling Loan.

Check Your Education Loan Eligibility

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Punjab and Sind Bank documents required

To apply Punjab and Sind Bank loan schemes, you will need to submit the following documents as part of the application process. 

Applicants documents
 

1. 
   Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
2. 
   Education loan application form.
3. 
   Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ Driving License/ Aadhaar card.
4. 
   Passport
5. 
   Visa documents
6. 
   Past academic record.
7. 
   10th standard mark sheet
8. 
   12th standard mark sheet
9. 
   Undergraduate result (semester-wise)
10. 
    Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)
11. 
    Proof of admission: admission letter (A conditional admission letter is also applicable).
12. 
    Statement of expenses.
13. 
    2 passport-size photographs.
14. 
    Loan A/C statement of one year (if applicable)
15. 
    Bank account statement of the student (if applicable)
     

Co-applicant’s documents
 

1. 
   Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.
2. 
   Address proof: recent copy of telephone bill/ electricity, water, piped gas bill or copy of Driving license/ Aadhaar card.
3. 
   2 passport-size photographs.
4. 
   Co-borrower’s bank account statement for the last 6 months.
5. 
   In case of another ongoing loan, then the loan A/C statement of 1 year.

Income proof for salaried co-applicant/guarantor

1. 
   Salary slips for the last 3 months.
2. 
   Copy of Form 16 of the last 2 years or copy.
3. 
   Bank account statement for the last 6 months (Salary account).
4. 
   A brief statement of assets & liabilities of parent/ guardian/ other co-borrower.

Income proof for self-employed co-applicant/guarantor

1. 
   Business address proof.
2. 
   Last 2 years IT returns ( If IT Payee).
3. 
   TDS certificate (Form 16A, if applicable).
4. 
   Certificate of qualification (for C.A./ doctor and other professionals).
5. 
   Brief statement of assets & liabilities of parent/ guardian/ other co-borrower
6. 
   Bank account statement for the last 6 months.

Calculate your Education Loan EMI

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How to apply for Punjab and Sind Bank education loan?

To apply for Punjab and Sind Bank loan schemes, you have two options: offline and online.

• Punjab and Sind education loan offline application:

Visit the nearest Punjab and Sind Bank branch and bring along all the required documents. Fill the application form and submit the required documents for verification.

• Punjab and Sind education loan online application:

• 
  Go to the official website of Punjab and Sind Bank.
• 
  Log in to the portal using the 'Internet Banking Login' button located at the top-right corner of the website.
• 
  Select the education loan product you wish to apply for and follow the on-screen instructions to complete the application process.
• 
  Submit the documents required for Punjab and Sind Bank education loan.

The Punjab and Sind Bank loan schemes serves as a valuable financial resource for students aspiring to pursue their educational dreams. Whether you are a student pursuing undergraduate, postgraduate, or doctoral studies, Punjab and Sind Bank's education loan offers a pathway to turn your educational aspirations into reality.
 

When it comes to choosing the right education loan from a wide range of lenders, students often face confusion and make mistakes. To navigate through this confusion and make informed decisions, GyanDhan is here to help. We have partnered with leading banks and NBFCs and provide unbiased opinions on different loan products. Our knowledgeable executives are well-versed in the features and benefits of various loan schemes. We prioritize your financial well-being and aim to prov