Eligibility

Existing to Bank (ETB)/ New to Bank (NTB)

Should be a Resident Indian.

Secured admission in regular full time Degree/PG Degree/PG Diploma courses of Premium Institutes

For Part-time Post Graduate Programmes in Management for Executives offered by Indian Institute of Managements (IIM) at all centers.

For Indian School of Business (ISB) Hyderabad & Mohali campus, part time Certificate Course for Post Graduate Programme in Management for Senior Executives (PGPMAX).

For e-Post Graduate Programme in Management for executives, entrepreneurs and professionals under Distance Learning mode offered by Indian Institute of Management (IIM).

For Three-year part-time weekend Post Graduate Diploma Programme in Business management for Working Executives and Business Owners conducted by Xavier School of Management (XLRI).

List of Institutions with Max Loan amount

Click here to download list

Mode of Finance

Digital Assisted Journey through WEB (till opening of account)

Digital End to End Journey through TAB (till disbursement)

Quantum of Finance (Maximum Loan Limit) - Need Based amount to meet those expenses which are eligible for finance be considered maximum up to institute wise prescribed collateral free loans with nil margin as per list

Need Based amount to meet those expenses which are eligible for finance be considered based on institute.

Features

The digital end to end journey through TAB & WEB for Education Loan under “PNB Pratibha Scheme” is available for Existing to Bank/New to Bank customers

Collateral free loans

Nil Margin

Repayment period/tenure - Maximum repayment of the loan will be in equated monthly installments (EMIs) for a period of 15 years

Moratorium period - Course period + 1 year

ROI

Processing/Documentation Charges - NIL

ROI starting with 7.85%

Document Checklist for Applicant/Co-applicants

Vidya Lakshmi Portal (VLP)/ Jansamarth ID

Marksheet of all previous attained qualification

Schedule of Expenses of Course as given by the Institution

Experience Certificate (if any)

Proof of Admission to the Course

PAN and Aadhar Card of all the applicants