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ICICI Bank Loan for Study Abroad: University List

ICICI Bank Loan for Study Abroad: University List

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Check the list of top universities approved by PNB Bank. Get lower interest rates, better loan terms, and an easy application process for your studies abroad!

GyanDhan
Arshi Khan
Updated on:  29 Mar 2025 | 36 | 14  min read

Punjab National Bank (PNB) is one of the leading public sector banks in India, offering education loans to study-abroad aspirants. They have designed a special abroad education loan scheme - the PNB Udaan scheme. Under this scheme, students who are enrolled in prestigious universities abroad are eligible for lower interest rates starting at just 9% and higher loan amounts up to INR 2 crores. The bank features the top 50 abroad universities under the list of approved foreign universities for education loan PNB Bank. This blog talks about the eligibility criteria for students to apply for a PNB bank education loan, top universities approved by PNB Bank, features of the PNB Udaan scheme, and how you can apply for an education loan abroad.

 

Key Features of PNB Bank Education Loan Abroad

Feature Description

Loan amount

INR 7.5 Lakh - INR 2 Cr

Rate of interest

Starts at 9% p.a.

Processing fees

INR 10,000 + GST (Non-refundable)

Margin money

Up to INR 4 Lakh - Nil

Above INR 4 Lakh - 15%

Moratorium Period

Course duration + 1 year

Repayment tenure

Up to 15 years

 

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Eligibility Criteria for PNB Bank Education Loan for Abroad

If you desire to pursue your higher education with the assistance of a PNB Bank education loan, then you should meet the following eligibility criteria. However, if your chosen university is included in the top 50 PNB Bank education loan abroad university list pdf, then you can secure better terms.

 

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    You must have Indian citizenship.
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    You must be at least 18 years old at the time of applying for an education loan.
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    Must have an enrollment letter from a recognized university abroad.
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    You should have a good academic history. Moreover, you should meet the required scores in exams like GRE, GMAT, TOEFL, or IELTS
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    Accepted collateral includes residential property, fixed deposits, and other tangible assets as collateral.
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    You can secure an education loan under the PNB Udaan scheme if you have secured admission to the below-mentioned courses. 
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      Graduation: For job-oriented professional/technical courses offered by reputed universities.
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      Post graduation: MCA, MBA, MS, etc.
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      Courses conducted by CIMA - London, CPA in the USA, etc.
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      Courses as defined under various Government Subsidy Schemes
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      Degree/Diploma courses like aeronautical, pilot training, shipping, etc. provided these are recognized by competent regulatory bodies abroad for the purpose of employment abroad.
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Understanding the Approved Colleges for PNB Bank Education Loan

To offer education loans to students at affordable rates, the public bank has identified the PNB Bank education loan for abroad university list. Students benefit from lower interest rates and better loan terms, which makes their abroad education accessible and affordable. PNB primarily considers top universities across countries like the USA, UK, Canada, Australia, and Europe. The expenses covered under their loan scheme are tuition fees, travel expenses, purchase of laptops/books, exam fees, and other education-related expenses. A minimum of 100% collateral security is required to process the loan. However, if the collateral is in the form of liquid assets (such as fixed deposits, government bonds, or LIC policies), the loan approval process will be faster and more flexible for you.

Category Maximum Unsecured Loan Amount Interest Rate

Listed Universities 

Up to INR 2 Crores

Starts at 9% p.a.

Non-Listed Universities

Up to INR 2 Crores

Female - 9.75%

Male - 10.25%

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List of Approved Foreign Universities for Education Loan by PNB Bank

Below is the PNB Bank education loan college list abroad to help you identify whether your university of enrollment lies on the list or not.

 

List of Universities

University of Oxford, United Kingdom

Harvard University, United States

University of Cambridge, United Kingdom

Stanford University, United States

Massachusetts Institute of Technology, United States

California Institute of Technology, United States

Princeton University, United States

University of California, Berkeley, United States

Yale University, United States

Imperial College London, United Kingdom

Columbia University, United States

ETH Zurich, Switzerland

Peking University, China

University of Pennsylvania, United States

Johns Hopkins University, United States

Tsinghua University, China

Peking University, China

University of Toronto, Canada

National University of Singapore, Singapore

Cornell University, United States

University of California, Los Angeles, United States

UCL, United Kingdom

University of Michigan-Ann Arbor, United States

New York University, United States

Duke University, United States

Northwestern University, United States

University of Washington, United States

Carnegie Mellon University, United States

University of Edinburgh, United Kingdom

Technical University of Munich, Germany

University of Hong Kong, Hong Kong

University of California, San Diego, United States

LMU Munich, Germany

University of Melbourne, Australia

King’s College London, United Kingdom

Nanyang Technological University, Singapore

London School of Economics and Political Science, United Kingdom

Georgia Institute of Technology, United States

The University of Tokyo, Japan

University of British Columbia, Canada

École Polytechnique Fédérale de Lausanne, Switzerland

KU Leuven, Belgium

Universität Heidelberg, Germany

Monash University, Australia

Chinese University of Hong Kong, Hong Kong

McGill University, Canada

Paris Sciences et Lettres – PSL Research University Paris, France

University of Illinois at Urbana-Champaign, United States

Karolinska Institute, Sweden

University of Texas at Austin, United States

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Application Process for PNB Bank Education Loan Abroad

You can apply for PNB Bank education loan to study abroad by following the below-mentioned steps. 

 

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    Verify whether you are eligible for a PNB Bank education loan.
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    Check whether your chosen university is mentioned in the top 50 PNB Bank education loan list of universities abroad or not. 
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    Gather the following documents - 
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    Admission letter from a recognized foreign university.
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    Academic records
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    KYC documents (Aadhaar, PAN card, passport, etc.).
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    Test scores of required exams (GRE, GMAT, IELTS, TOEFL, etc.).
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    Income proof of co-applicant (salary slips, ITR, etc.).
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    Collateral documents 
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    Visit the official website of the PNB Bank and fill out the application form.
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    Scan all the documents and upload them. Ensure that all the documents are up to date to avoid any delays in the processing. 
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    Proofread your loan application and apply for the education loan. 
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    To apply offline, visit the nearest branch of PNB Bank and submit the loan application form along with the required documents.
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    You can also apply through the “Vidya Lakshmi Portal”, a government-backed platform that is designed to help students compare and apply for education loans from multiple lenders. 
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    The bank will evaluate your profile and once you get approval, they will issue a sanction letter in your name. 
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    You can request PNB education loan disbursement as per your requirements. 
 

PNB provides financial solutions to students who are aiming to study abroad, ensuring lack of finances does not become the reason to hinder your higher education dream. However, choosing the right lender and navigating the loan application process can be overwhelming. This is where GyanDhan comes into the picture. We simplify the loan process by offering you expert guidance, comparing loan options for you across multiple lenders, and helping you with the documentation. Check your loan eligibility today to secure the best financing option for your study abroad journey. 

 

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Frequently Asked Questions

Who is eligible for a PNB education loan for studying abroad?
 

Indian students who have secured admission to a recognized foreign university through entrance tests or a merit-based selection process. To secure better terms, your chosen university must feature in the PNB Bank education loan list of universities abroad. 

How to check PNB Bank approved colleges?
 

You can speak with a loan officer to confirm whether your university qualifies for special loan benefits. Moreover, you can also reach out to PNB customer service or email them regarding the PNB Bank abroad education loan university list.

What courses are covered under PNB's education loan for abroad studies?
 

Undergraduate, postgraduate, and doctoral programs in professional, technical, and job-oriented courses at recognized foreign universities or institutions. 

Are there any interest rate concessions for female students?
 

Yes, PNB offers a concession of 50 basis points (0.50%) on the interest rate for female applicants.

How can I apply for a PNB education loan for studying abroad?
 

You can apply online through the Vidya Lakshmi Portal, the official website of PNB, or by visiting the nearest branch.

What documents are required to apply for a PNB education loan?
 

The required documents to apply for an education loan include academic records, admission letters, entrance exam scores, KYC documents, income proof of the co-applicant, and collateral documents.

What is the margin money required for PNB education loans abroad?
 

The margin money requirement for a PNB education loan abroad is 15% of the total loan amount. However, the loan amounts up to INR 4 lakhs do not require the applicant to contribute margin money.

Check Your Education Loan Eligibility


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