Education Loan - PNB Saraswati

`PNB Saraswati` Education loan scheme for students pursuing Higher Education in India.

To provide financial support to meritorious students for pursuing higher education in India.

Students who secure admission in Institutes as under

  • Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
  • Regular Degree/Diploma courses like Aeronautical, pilot training, shipping Nursing or any other discipline approved by Director General of Civil Aviation/Shipping/ Indian Nursing Council or any other regulatory body as the case may be.
  • Advance Diploma in Banking Technology offered by PNB IIT Lucknow.
  • Approved courses offered in India by reputed foreign universities.
  • Research Programmes recognized by designated academic authority/ regulatory body.

Fee payable to college/ school/ hostel

Examination/ Library/ Laboratory fee.

Insurance premium for student borrower, if applicable.

Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts.

Purchase of books/ equipments/ instruments/ uniforms.

Purchase of computer at reasonable cost, if required for completion of the course.

Any other expense required to complete the course - like study tours, project work, thesis, etc.


Should be an Indian national.

Should have secured admission to a higher education course in recognized institutions in India through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent).

Cases of Management Quota may be considered on merit basis;

Quantum of Finance

Need based Finance subject to repaying capacity of the parents/students ( after completion of course) ;.

Reimbursement of fees paid within six months may be permitted on individual merits of the case.


Up to Rs. 4 lac - NIL

Above Rs. 4 lac - 5%

Scholarship/ assistantship may be considered in margin.

Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.


Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No tangible Security and /or 3rd party guarantee is required.

Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible collateral security of suitable value acceptable to bank.

Repayment (Maximum) Maximum upto 15 years
Repayment Holiday/ Moratorium Course period + 1 year
Prepayment Charges NIL
Rate of Interest Click Here
Processing Charges/ Upfront fee Click Here
Documentation Charges Click Here

Above are only salient features of the scheme. For details please contact nearest branch

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