PNB Education Loan 2025 | Education Loan From PNB For Abroad

PNB Bank Education Loan for Abroad Studies

All you need to know about PNB bank education loan for studying abroad

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Study Abroad Expert

Updated on: 05 Jan 2025 |

Reviewed By: Aman

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh...

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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 PNB education loan for India as well as Punjab National Bank education loan for study abroad to eligible students who wish to pursue higher education in India or abroad. So, if you are planning to take a Punjab National Bank education loan abroad, the process is very simple, however, it is very important to understand eligibility criteria, documents required and other important information.

Types of Education Loans in Punjab National Bank

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:

PNB Saraswati Education Loan Scheme
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 for PNB education loan without collateral, the PNB Udaan Scheme offers financing options for their education abroad, with attractive terms and competitive rates. PNB education loan interest rate are low and that is why PNB education loan is one of the most popular education loan for student.

Overview of PNB Udaan Education Loan - For Abroad Studies

If you are planning to study outside India, Punjab National Bank provides education loan under Udaan scheme, where in you can get education loan PNB up to INR 7.5 Lakh without collateral. However, if your Punjab National Bank student loan amount for abroad exceeds INR 7.5 Lakh, collateral is mandatory.

Please note that with Punjab National Bank abroad education loan, applicants can opt for a PNB non-collateral education loan with a co-applicant, who can be a parent or a guardian, and must cosign the loan, which means that they have the responsibility for repayment if the student fails to repay the loan. PNB also provides an education loan without a co-applicant, but this is applicable only for collateral-based loans, where a financial co-applicant is not required. PNB education loan interest rate are also very competitive.

Overview of Various PNB education loan without collateral and Punjab National Bank abroad education loan:

Loan Scheme	Loan Amount	Interest Rate	Processing Fees	Margin Money	Moratorium Period	Repayment Tenure
PNB Saraswati (For study in India)	Need-based finance as per the paying capacity of parents/students	Ranges between 9% to 14% depending on collateral and applicant's profile	Nil	Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5%	Course period + 1 year	Maximum up to 15 years
PNB Udaan (For study outside India)	Upto 1 Cr	Ranges between 9% to 14% depending on collateral and applicant's profile	1% of loan amount for studying abroad	Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 15%	Course period + 1 year	Maximum up to 15 years
PNB Pratibha (For study in India)	Need-based finance for students admitted to premier institutions in India	Ranges between 9% to 14% depending on collateral and applicant's profile	Nil	Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5%	Course period + 1 year	Maximum up to 15 years

Loan Scheme

Loan Amount

Interest Rate

Processing Fees

Margin Money

Moratorium Period

Repayment Tenure

PNB Saraswati

(For study in India)

Need-based finance as per the paying capacity of parents/students

Ranges between 9% to 14% depending on collateral and applicant's profile

Nil

Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5%

Course period + 1 year

Maximum up to 15 years

PNB Udaan

(For study outside India)

Upto 1 Cr

Ranges between 9% to 14% depending on collateral and applicant's profile

1% of loan amount for studying abroad

Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 15%

Course period + 1 year

Maximum up to 15 years

PNB Pratibha

(For study in India)

Need-based finance for students admitted to premier institutions in India

Ranges between 9% to 14% depending on collateral and applicant's profile

Nil

Up to INR 4 Lakh: Nil; Above INR 4 Lakh: 5%

Course period + 1 year

Maximum up to 15 years

Please note that the terms and conditions, PNB education loan interest rate etc. may vary depending on the bank’s policies etc. 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 PNB education loan online apply.

Application Process of PNB Abroad Education

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

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 Cr under this scheme. To secure the loan, students must pledge collateral with a value of at least 100% of the loan amount.

Let us understand this with an 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 PNB education loan interest rate, this loan scheme also covers many academic courses and countries that give considerable financial aid to students.

Overview of the PNB Udaan Education Loan

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

Feature	Description
Loan amount	INR 7.5 Lakh - INR 1 Cr
Rate of interest	Male - 9.80%, Female - 9.30%
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

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

Age and citizenship: Minimum 18 years old and an Indian citizen.

Education qualification: Admission letter from a recognized university/institution in India or abroad.

Academic excellence: Applicants must have a good academic record and fulfil other exams like GRE, TOEFL, or IELTS if required.

Co-applicant: For non-collateral loans, a parent or guardian with a stable income and good credit score is mandatory as a co-applicant.

Course and country of study: PNB supports various courses and countries, including the USA, UK, Canada, Australia, New Zealand, and Europe.

Collateral: PNB accepts residential property, fixed deposits, and other tangible assets as collateral.

Documents Required for PNB Udaan Education Loan

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:

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

Co-applicants Documents:

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

Collateral Documents (for Secured Loan):

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

How to Contact PNB for Education Loans

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

Email: Contact customer support at care@pnb.co.in with your queries.

Online Application: Visit the PNB website to apply for an education loan directly.

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.

Benefits of Getting a PNB Education Loan through GyanDhan

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.

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.

Safe and secured: This is the reason why thousands of students trust us with their education loans every year. officials coordinate with various departments within PNB to secure a loan approval in just 15-20 days. This is why 1000s of students trust us with their loan requests every year. If a student applies directly to the bank, the usual SBI loan processing time is around 30-45 days.

Doorstep documents pickup service: PNB education loan for abroad, GyanDhan provides doorstep pickup service of documents in Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai & Kolkata.

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.

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.

How to Apply for an Education Loan from PNB through GyanDhan

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.

GyanDhan's Impact Stories

Empowering students to overcome education loan obstacles

When the course was not Listed as a STEM course

The student secured an admission in the University of Texas at Dallas for Masters in Applied Cognition and Neuroscience. He required a sum of Rs. 22 lakhs to cover the costs. At first, the student approached government & private banks along with the Non-Banking Finance Companies (NBFCs), but his loan application was rejected by all kinds of lenders. After an exhaustive tug-of-war with the financial institutions, the student who was in complete despair approached GyanDhan for solutions when he met our representatives in a seminar organized in Chennai. Our on-ground team took cognizance of the case when it was forwarded to them by the operations team. Before proceeding further, the team did its homework regarding the course. With the help of consultation provided by the experts in this field, the on-ground team then approached the National Product Team of Axis Bank and suggested that the characteristics of the course are similar to a STEM course. The National Product Team accepted the arguments given by us and even agreed to raise the loan amount by Rs. 3Lakhs and sanctioned the amount of Rs. 25 lakhs to the student.

When the Income Tax Return (ITR) records were not in order

The student was offered an admit for an MS in a US university. To sustain his masters, he required a loan of Rs. 45 Lakhs. Initially, his loan application was rejected on the ground that the co-applicant’s (his father’s) ITR records did not mention an audit report which was necessary to generate Unique Document Identification Number (UDIN) - mandatory for businesses to run their operations in the country. Hence, no financial institution was ready to sanction the loan due to the discrepancy in his father’s ITR records. The student approached GyanDhan when his senior referred us to him. Our on-ground team took the matter in their hands. After the elementary research, they found a solution. They suggested the student’s father to get their audit report stamped by a Chartered Accountant (CA). After getting the required stamp, we even helped the student to get a lower rate of interest (RoI). The bank sanctioned Rs.33 Lakhs to the student. His father was ready to use his savings for the rest of the amount.

When the applicant’s academic profile was poor, and there were procedural hassles and a tight deadline to submit the financial documents

The student got an admit for Master of Engineering Management from the University of Technology, Sydney. An amount of Rs. 45L was required by the student to pursue his studies. The student’s academic profile was average. He had a slightly low GPA and three backlogs which were cleared in the 1st, 2nd, and 4th attempts. The concerned officer took the application to the loan officer of Axis Bank. After the application went for processing, the student received no updates related to the application status. Part of the problem was also that the course he had applied for was not in the list of courses for which Axis Bank normally sanctions loans for. The student approached the bank with his loan application but to no avail. The student had only a fortnight to submit the proof of his finances. He was in despair as the deadline was getting closer. His father was advised by his friend to approach GyanDhan. Our on-ground team after taking the case in their hands approached the concerned Area Sales Manager (ASM) to propose a solution to this issue. The bank officials were a little hesitant as they did not have full information on the course for which the loan had been applied. We explained to them the intricacies of the course and clarified how the course was closely related to the STEM courses. We informed them about the urgency of the matter and got the loan sanctioned before deadline. He was sanctioned a loan amount of Rs. 25L as the University of Technology, Sydney, comes under Axis Bank’s Prime B list of institutes.

Co-Applicant Challenges: A Success Story in Pursuit of an MS in Analytics

One of my customers approached me in October 2019. She was looking for a loan for a Master of Analytics - RMIT Australia. She needed a loan for 35 lacs and her main priority was private banks as she was having a visa deadline and didn't have time to keep funds for 84 days which is a clause while taking a loan from NBFCs for Australia. Due to the situation that her father was retired with a pension and her husband had just recently moved from abroad and started a business without necessary financial paperwork, her case was rejected by many lenders, but we started her process and It took more than a month for all the procedures and finally, her loan was approved from Axis bank which was of 15 lacs only. However due to a gap in the approved loan amount by Axis and her requirements, she decided to change her intake and started the procedure with nbfc but didn't get approval from anywhere, then we spoke with Axis Bank and were able to enhance the amount to 19 lacs. After that, she managed to arrange the remaining funds and begin the disbursal procedure. After her master's degree, she got a job at NEP Australia - Business Analytics and after working for about 3 months, she switched to Gresham Tech Australia.

Frequently Asked Questions

Can I apply for an education loan with Punjab National Bank online?

Yes, PNB allows applicants to apply for education loans online through their website. Once you click on “Apply Now”, you will be taken to their PNB WeblenS-Online loan application platform, which provides a streamlined process for application and tracking.

Who can be a co-borrower?

A co-borrower, also known as a co-applicant, is a parent or a guardian of the student applying for the loan. The co-borrower must have a stable income and a good credit score, as they share the responsibility for loan repayment in case the student fails to repay the education loan.

Can I avail an additional amount to the loan that has already been provided?

Yes, PNB considers requests for additional loan amounts for the same course on a case-by-case basis. Such requests are considered based on the merits of the student, the project and the student’s repayment capacity. For further studies, top-up loans may be considered within the overall eligibility limit, subject to required security and individual merit.

Under the PNB Udaan loan, what is the maximum loan amount I can avail?

The PNB Udaan scheme provides need-based finance for students pursuing higher education abroad. The maximum loan amount is determined based on the repayment capacity of the student and the co-applicant.

Is there any penalty for default under the PNB Pratibha loan?

While PNB aims to support students in their educational pursuits, it is important to adhere to the agreed repayment schedule. In case of default, penal interest rates may be applied to the outstanding loan amount. Specific penalty details will be provided by the bank

What schemes does Punjab National Bank consider for its education loans?

PNB offers several education loan schemes, including:
PNB Saraswati: For pursuing higher studies in India and abroad.
PNB Pratibha: Collateral-free loans at lower interest rates for students admitted to premier institutions identified by the bank.
PNB Udaan: Financial support for meritorious students pursuing higher education abroad.
PNB Kaushal: For skill development courses.
PNB Honhaar: For higher education and skill development courses in Delhi.
PNB PM Cares: For children who have lost their parents to the COVID-19 pandemic.

In whose name is the education loan granted?

The education loan is granted in the name of the student, with the parent or guardian as a co-applicant. Both the student and the co-applicant are responsible for the repayment of the loan.

What is the age limit for availing a loan in Punjab National Bank?

TIn India, usually, the age limit for education loans is 18-35 years, however, PNB mentions that the minimum age limit should be 18 years but specific upper age limit.

Are minors eligible to apply for a Punjab National Bank Udaan Education Loan?

No, minors are not eligible to apply for Punjab National Bank Udaan education loan as the minimum age limit is 18 years.

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