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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!
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 |
Starts at 9% p.a. |
|
Processing fees |
INR 10,000 + GST (Non-refundable) |
Up to INR 4 Lakh - Nil Above INR 4 Lakh - 15% |
|
Course duration + 1 year |
|
Repayment tenure |
Up to 15 years |
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.
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% |
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 |
You can apply for PNB Bank education loan to study abroad by following the below-mentioned steps.
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.
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.
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.
Undergraduate, postgraduate, and doctoral programs in professional, technical, and job-oriented courses at recognized foreign universities or institutions.
Yes, PNB offers a concession of 50 basis points (0.50%) on the interest rate for female applicants.
You can apply online through the Vidya Lakshmi Portal, the official website of PNB, or by visiting the nearest branch.
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.
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.
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