Education and Career Forum

Hello, I am studying 12th from Bihar Board in Patna. Some of my friends informed me about the PNB Pratibha Education Loan Scheme. I just want to know about the benefits which I can get if I apply for this scheme?

Originally Posted by Unregistered

Hello, I am studying 12th from Bihar Board in Patna. Some of my friends informed me about the PNB Pratibha Education Loan Scheme. I just want to know about the benefits which I can get if I apply for this scheme?

Benefits of applying for PNB Pratibha education loan scheme are given below:

>> Students can get higher education loan amount up to Rs 35 Lakhs (for some prestigious institutions)

>> There in no margin money required for some prestigious institutes like IITs, IIMs, FMS-Delhi, NMIMS-Mumbai, ISB-Hyderabad, etc.

>> Attractive interest rates

>> There are no prepayment charges

>> There are no processing charges

>> Repayment period – maximum up to 15 years

>> Repayment holiday – Course period + 1 year

PNB Pratibha Education Loan is offered only to those, who have got admission in top institutes like IIT, IIM, NIT, etc. The amount of loan varies between 7.5 lakhs to 15 lakhs.

The interest rate is lower than other education loan schemes and you don't have to provide them collateral security. Only a co borrower will be required for this education loan.

Benefits of applying for PNB Pratibha Education Loan Scheme are as follows.

Low interest rate,

Less paperwork,

No processing charges,

Faster Disbursal,

No prepayment charges,

0.50% concession available for girl students.