Education and Career Forum

Hello everyone, I just got the information about the PNB Udaan Education Loan Scheme introduced by Punjab National Bank. Can I know what security they want to give the loan under this scheme?

Details of security under PNB Udaan Education Loan Scheme are mentioned below :-

--> Upto Rs. 7.5 lakhs :- Parents/ Guardians to be joint-borrowers

--> Above Rs. 7.5 lakhs :- Parents/ Guardians to be joint-borrowers. Tangible collateral security equal to loan amount should be submitted to bank.

The details of security that you need to submit to bank for getting an education loan under PNB Udaan Scheme are mentioned below :-

--> Up to Rs. 7.5 lakhs :- Parents or Guardians be joint borrower(s). No tangible security or third party guarantee is required.

--> Above Rs. 7.5 lakhs :- Parents or Guardians be joint borrower(s). Tangible collateral security of suitable value acceptable to bank should be submitting for processing your education loan.