PNB has been around since 1894, making it one of India's oldest and most trusted public sector banks. For students heading abroad, the PNB Udaan scheme is the one to look at - it covers loans from INR 7.5 lakh up to INR 1 crore, with interest rates starting from 6.75% p.a. You can borrow up to INR 7.5 lakh without any collateral, and the repayment tenure goes up to 15 years after a moratorium covering your full course plus one year.

Established in 1894, Punjab National Bank (PNB) is one of India's largest public sector banks in terms of assets, deposits, branches, customers, and employees. PNB offers education loans for India as well as Punjab National Bank education loans for study abroad to eligible students who wish to pursue higher education in India or abroad. If you are planning to take a Punjab National Bank education loan abroad, the process is quite simple - however, it is important to understand the eligibility criteria, documents required, and other key details before applying.

Types of Education Loans in Punjab National Bank

PNB runs five education loan schemes to cover different student needs. For students going abroad, the PNB Udaan scheme is the primary option, offering competitive rates and financing up to INR 1 crore. For studies in India, PNB Pratibha is the go-to for students at premier institutions, while PNB Saraswati covers the broader student population. PNB Kaushal and PNB Honhaar round out the range for skill and Delhi-specific programmes.

The Punjab National Bank education loan is categorized into several schemes that cater to the varied needs of students. Punjab National Bank education loan schemes are as follows:

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  PNB Saraswati Education Loan Scheme
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  PNB Udaan Education Loan Scheme
• 
  PNB Kaushal Education Loan Scheme
• 
  PNB Pratibha Education Loan Scheme
• 
  PNB Honhaar Education Loan Scheme

For students who are looking for an abroad education loan or a PNB education loan without collateral, the PNB Udaan Scheme offers financing options for their education abroad with attractive terms and competitive rates.

Overview of PNB Udaan Education Loan - For Abroad Studies

If you're planning to study outside India, PNB's Udaan scheme is worth a close look. You get up to INR 7.5 lakh without any collateral beyond that, collateral is required but the loan goes up to INR 1 crore. A parent or guardian co-signs for non-collateral loans, but for collateral-based loans above INR 7.5 lakh, a financial co-applicant is not required. The interest rate ranges from 9.25% to 11.25% under Udaan, and repayment can stretch up to 15 years.

If you are planning to study outside India, Punjab National Bank provides education loans under the Udaan scheme, where you can get a loan up to INR 50 lakh without collateral. However, if your loan amount exceeds INR 50 lakh, collateral is mandatory.

Please note that with the Punjab National Bank abroad education loan, applicants can opt for a non-collateral loan with a co-applicant, who can be a parent or guardian, and must co-sign the loan. PNB also provides education loans without a co-applicant, but this is applicable only for collateral-based loans where a financial co-applicant is not required.

Overview of PNB education loan schemes:

Please note that the above-mentioned are floating interest rates meaning they can change with the market conditions, so it is always advisable that you check with the bank before applying for an education loan. To stay updated you can either contact the bank directly or you can contact us and we will share the relevant and updated information with you. You can contact us for a PNB education loan online.

PNB Education Loans for Study in India

For students staying in India, PNB offers two solid options. PNB Saraswati is the standard education loan for higher studies through a merit-based selection process. PNB Pratibha is the better deal if you get into one of PNB's 103 identified premier institutions — you get collateral-free funding at a lower rate of interest. Both cover tuition, books, equipment, computers, travel, and boarding expenses.

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  PNB Saraswati: This is the regular education loan scheme from PNB for pursuing higher studies in India.
• 
  PNB Pratibha: This is a collateral-free education loan from PNB at a lower rate of interest. However, it is offered only to students who secure admission in 103 premier institutes of India, as identified by the bank.

Eligibility Criteria for PNB Education Loan for Study in India

The following are the eligibility criteria for PNB education loans for study in India:

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  Student should be Indian national.
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  For PNB Saraswati, students should have obtained admission in eligible courses through a merit-based selection process only. Management quotas are considered for meritorious students.

Expenses Covered under PNB Education Loan for Study in India

Under these schemes, tuition fees, and expenses related to the purchase of books, equipment, computer, travelling, study tours, boarding, and lodging.

Margin Money Requirement for PNB Education Loan for Study in India

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  Up to Rs. 4 Lacs: Nil
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  Above Rs. 4 Lacs: 5%

Application Process of PNB Abroad Education

Applying directly to PNB takes six steps on their website, but the simpler route is through GyanDhan, you check your eligibility, get assigned a dedicated counsellor, and the team handles the coordination with PNB from there. Going direct means navigating PNB's WeblenS portal yourself and making multiple branch visits; via GyanDhan, approvals typically come through in 15–20 days against 45 days direct.

Step 1 - If you are planning to take an education loan from PNB, then first you need to visit the PNB website for PNB education loan form

Step 2 - Navigate to the loan section and click “Apply”

Step 3 - You will be taken to the “PNB WeblenS-Online loan application” page

Step 4 - Click on the “Retail Loan” category

Step 5 - After that click on the “Education Loan” category

Step 6 - Now, the loan application will open and you have to fill it out accurately. Submit the application. PNB will verify the details and coordinate with you regarding the next steps.

The PNB education loan without collateral is a very good option for students who want to study abroad. PNB education loan interest rate is also very competitive and with comprehensive coverage of educational expenses, the loan makes overseas education accessible for many.

The PNB student education loan application process is quite simple. 

PNB Udaan Education Loan Scheme

PNB Udaan is designed specifically for students heading abroad, it's a secured loan where you can borrow up to INR 1 crore, but collateral worth at least 100% of the loan amount is required. So if you need INR 40 lakh, your collateral needs to be valued at INR 40 lakh or more. It's a strong choice if you have property to pledge, thanks to the competitive rates and wide country and course coverage.

The PNB Udaan Scheme offers secured education loans to students planning to pursue higher education abroad. Students can avail of loans up to INR 1 crore under this scheme. To secure the loan, students must pledge collateral with a value of at least 100% of the loan amount.

For example, if a student needs a loan of INR 40 lakh, their collateral value must also be INR 40 lakh or more. With a competitive interest rate, this loan scheme also covers many academic courses and countries, giving considerable financial aid to students.

Overview of the PNB Udaan Education Loan

The PNB Udaan loan covers INR 7.5 lakh to INR 1 crore, with rates at 9.80% for male applicants and 9.25% for female applicants. Processing fees are INR 10,000 plus GST (non-refundable), and margin money is nil up to INR 4 lakh but 15% above that. You get up to 15 years to repay after a moratorium that covers your full course duration plus one year which is a comfortable buffer before EMIs kick in.

Let us understand the key features of PNB Udaan education loan by the table below:

*Moratorium period is the time during which you are not required to make any payments for your education loan.

*Margin money means the amount that a borrower has to pay, it is a fraction of the loan amount, while the remaining amount is paid by the bank (or NBFC) 

PNB Udaan Education Loan Eligibility Criteria

To be eligible for PNB Udaan, you need to be an Indian citizen, at least 18 years old, with an admission letter from a recognised university abroad. Your academic record should be solid - GRE, TOEFL, or IELTS scores will also come into play depending on your destination. For non-collateral loans, a parent or guardian with stable income and a good credit score needs to co-sign. PNB covers studies in the USA, UK, Canada, Australia, New Zealand, and Europe.

To secure a PNB student loan, applicants must meet the following criteria:

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  Age and citizenship: Minimum 18 years old and an Indian citizen.
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  Education qualification: Admission letter from a recognized university/institution in India or abroad.
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  Academic excellence: Applicants must have a good academic record and fulfill other exams like GRE, TOEFL, or IELTS if required.
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  Co-applicant: For non-collateral loans, a parent or guardian with a stable income and good credit score is mandatory as a co-applicant.
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  Course and country of study: PNB supports various courses and countries, including the USA, UK, Canada, Australia, New Zealand, and Europe.
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  Collateral: PNB accepts residential property, fixed deposits, and other tangible assets as collateral.

Documents Required for PNB Udaan Education Loan

PNB's document checklist splits into three groups. The student needs KYC documents, academic records from 10th onwards, proof of admission, and a cost statement. The co-applicant needs income proof either salary slips and Form 16 or ITR for self-employed plus 6 months of bank statements. For secured loans, you'll also need property ownership papers, an approved property plan, and chain-of-ownership documents going back 30 years.

PNB education loan documents required are as follows. Please note that apart from these documents, several other documents for Punjab National Bank education loan without collateral may be required which will be communicated to you at the time of application.

PNB Education Loan Documents Required for Applicant:

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  Identity proof: PAN/Passport/Driver’s License/Voter ID
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  Academic records: 10th, 12th mark sheets, degree certificates
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  Proof of admission
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  Statement of expenses
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  Two passport-sized photographs

Co-applicants Documents

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  Identity proof: PAN/Passport/Driver’s License/Voter ID
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  Income proof: Salary slips, Form 16, or IT returns
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  Bank account statement for the last six months

Collateral Documents (for Secured Loan)

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  Property ownership documents
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  Approved plan of the property
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  Chain of ownership (last 30 years)

How to Contact PNB for Education Loans?

You can reach PNB three ways - email them at care@pnb.co.in, apply online through the PNB website, or walk into any of their 10,000+ branches across India. That said, if you want to avoid the back-and-forth of direct applications, applying through GyanDhan is the faster route. You get a dedicated counsellor, doorstep document collection in seven cities, and approvals typically in 15–20 days instead of 45.

You can contact PNB for an abroad education loan or Punjab National Bank education loan without collateral by the following methods:

1. 
   Email: Contact customer support at care@pnb.co.in with your queries.
2. 
   Online Application: Visit the PNB website to apply for an education loan directly.
3. 
   Branch Visit: Visit any of PNB's 10,000+ branches across India for assistance.

Applying for a Punjab National Bank education loan abroad may be time-consuming, but if you want a hassle-free way with minimal issues due to paperwork, multiple visits to the bank, and other kinds of delays, then we recommend you to apply for your education loan through GyanDhan where we have made the entire process streamlined from the application to approval. One of our education loan counselors will be assigned to your application and will make sure that it gets processed at the earliest. For the Punjab National Bank education loan calculator, you can accurately calculate your loan EMI here.

How to Apply for an Education Loan from PNB through GyanDhan?

Applying through GyanDhan is genuinely simple - check your loan eligibility on GyanDhan's website and that's the hard part done. After that, an expert counsellor will analyse your profile, recommend the best lender, and manage the entire process through to approval and disbursal. You do not need to visit the bank, chase documents, or figure out PNB's internal processes yourself.

Applying through GyanDhan is very simple and convenient. All you need to do is check your loan eligibility and we will do the rest. We have expert counselors who analyze your loan application and recommend the best lenders. With GyanDhan's expertise, it will be very easy to navigate PNB education loans for abroad studies effortlessly. Applying for a Punjab National Bank education loan abroad is very simple and studying abroad becomes a seamless journey, ensuring your dreams are just a loan away. Apply online through Gyandhan now.
 

For more information on PNB education loan and PNB education loan interest rates, you can visit our website.

Benefits of Getting a PNB Education Loan through GyanDhan

Going through GyanDhan for your PNB loan gives you a few things that the direct route simply cannot match. Approvals come in 15–20 days rather than 45. Documents get picked up from your doorstep in Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai, and Kolkata. You pay zero service charges. And if anything gets stuck such as missing documents, property issues, underwriting delays, our team escalates directly to PNB officials on your behalf.

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  Best loan as per your requirement: With GyanDhan, you do not have to worry about losing out on the best deals, as we are committed to providing you with the best education loan specifically as per your requirements.
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  Quick Process: We, at GyanDhan, have dedicated officials who coordinate with PNB bank officials at various posts and departments to secure your education loan approval in just 15-20 days or even less, which otherwise would have taken around 45 days had you gone to PNB branch for direct approval. 
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  Doorstep documents pickup service: PNB education loan for abroad, GyanDhan provides doorstep pickup service of documents in Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai & Kolkata. 
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  Zero Service Charges: GyanDhan’s services are free, as we do not charge any kind of processing fees or commissions from the applicants at all.
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  Significantly higher chances of approval: With GyanDhan, the approval chances are considerably higher as we check for any missing documents, property issues, or other issues that can delay or cancel your education loan approval. We approach PNB officials in case of an issue. This ensures speedy resolution and significantly increases your odds of approval. Please be rest assured, that in case of any bottlenecks, GyanDhan will always be by your side!

Opting for a PNB education loan ensures financial backing from a trusted institution. With flexible terms and competitive rates, students can focus on achieving their academic goals without financial worries. For education loan interest rate PNB and other banks, you can visit our website page for complete information.

PNB Education Loan EMI Calculator

Not sure what your monthly repayment will look like? GyanDhan's EMI calculator is the quickest way to find out, just plug in your loan amount, tenure, and PNB's rate and it does the rest. What makes it especially useful is the moratorium repayment toggle: you can see exactly how choosing Partial Simple Interest, Full Simple Interest, or Full EMI during your study period changes what you owe month-to-month.

If you are worried about the EMI burden, you can plan smartly using GyanDhan's education loan EMI Calculator. Fill in your loan details and this user-friendly tool will help you estimate your monthly repayment. The best feature to explore is filling in different repayment methods during the moratorium, this will help you choose the most suitable loan repayment option.