Apply For Student Loan From Punjab National Bank

To apply for a student loan from Punjab National Bank (PNB), you can follow these steps:

Check your eligibility. To be eligible for a student loan from PNB, you must be:

• An Indian citizen.
• Have secured admission to a recognized educational institution in India or abroad.
• Meet the minimum academic eligibility criteria for the course you are applying for.
• Be able to provide collateral security, if required.

Choose the right loan scheme:

PNB offers a variety of student loan schemes, depending on the course you are pursuing, the country you are studying in, and your financial needs. You can compare the different schemes on PNB’s website and choose the one that is best for you.

Apply for the loan:

 You can apply for a student loan from PNB online or by visiting a PNB branch. If you are applying online, you will need to create an account on the PNB website. Once you have created an account, you can fill out the loan application form and upload the required documents. If you are applying at a PNB branch, you can collect the loan application form from the branch and submit it along with the required documents.

Submit the required documents:

 The following documents are typically required when applying for a student loan from PNB:

• Loan application form
• Passport-size photographs of the applicant and the co-borrower(s).
• Proof of identity and address of the applicant and the co-borrower(s).
• Proof of income of the co-borrower(s).
• Proof of admission to the educational institution.
• Fee structure of the course.
• Collateral security documents, if required.

Get your loan approved. Once you have submitted the required documents, PNB will process your loan application. If your loan is approved, you will receive a loan sanction letter from PNB.

Accept the loan offer:

 Once you have received the loan sanction letter from PNB, you will need to sign and return it to accept the loan offer.

Disbursement of the loan:

 Once you have accepted the loan offer, PNB will disburse the loan to you or the educational institution, depending on the loan scheme you have opted for.

PNB Saraswati

PNB Saraswati is a regular student loan scheme for pursuing higher studies in India. It offers loans up to Rs. 10 lakh without collateral security for students who have secured admission to recognized educational institutions in India through entrance test/merit-based selection process.

PNB Udaan

PNB Udaan is a student loan scheme for students who have secured admission to recognized educational institutions abroad through entrance test/merit-based selection process after completion of HSC (10 plus 2 or equivalent). It offers loans up to Rs. 7.50 lakh without collateral security and loans above Rs. 7.50 lakh with tangible collateral security of suitable value acceptable to the bank.

You can learn more about PNB’s student loan schemes and apply online on the PNB website.