Fees & Charges
Promised Interest Rate
"I do have my share of good moments with PNB, the Branch Manager helped me out in person. He had asked for the required set of paper works of my PG which I had produced. They did not ask for any collateral security at the time of offering the loan. Generally, poeple will start to repay the loan from the 2nd year onwards. Nevertheless, my loan is completely paid off. "
Any of the following courses, as offered by recognized universities, is eligible for an education loan in India-
Generally, there are no restrictions. Most banks and financial institutions do not impose this rule. However, certain lenders do mark an age limit spanning from 16-35 years.
Not immediately. However, after you start repaying, you are free to deduct the loan interest amount from your total income when calculating tax.
The applicant is expected (and mandated) to submit his/her progress reports periodically. The progress reports could be mark sheets or a suitably attested letter from the applicant’s school/college.