#1  
6th June 2018, 11:41 AM
Unregistered
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Interest rates under PNB Kaushal Education Loan Scheme?


I want to apply for PNB Kaushal Education Loan Scheme of Punjab National Bank. It is a good initiative taken by PNB for students who want to do skill development course. But, I want to know about the interest rates in this scheme of education loan. Please tell me asap.




  #2  
7th June 2018, 09:18 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Interest rates under PNB Kaushal Education Loan Scheme?

Interest rates under PNB Kaushal Education Loan Scheme are mentioned below :-

--> Loan upto Rs. 1.50 lakhs :- MCLR + 1.50%
--> Education loan to children of PNB Employees where the Employee is either Co-borrowers or guarantor :- MCLR + 0.50%
--> Others :- MCLR + 0.10%.
  #3  
8th June 2018, 06:47 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Interest rates under PNB Kaushal Education Loan Scheme?

PNB Kaushal Education Loan schemes charges, MCLR 2% interest. You can get the latest rates from RBI official website. There is no processing charge for this scheme charged by PNB.
This loans scheme is only for skill development courses, ITI and polytechnic courses.
  #4  
9th June 2018, 04:44 PM
Careerexpert
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Join Date: Dec 2013
Posts: 12,066
Default Re: Interest rates under PNB Kaushal Education Loan Scheme?

Quote:
Originally Posted by Unregistered View Post
I want to apply for PNB Kaushal Education Loan Scheme of Punjab National Bank. It is a good initiative taken by PNB for students who want to do skill development course. But, I want to know about the interest rates in this scheme of education loan. Please tell me asap.

Interest rates under PNB Kaushal Education Loan Scheme are as follows:

For education loans up to Rs 1.50 Lakhs 9.90%

PNB Kaushal education loans are offered to provide financial support for pursuing skill development courses. Students can get up to Rs 1,50,000 through PNB Kaushal education loan scheme.

Students can find the details in the PNB Kaushal Education Loan website link given Click Here
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  #5  
2nd August 2018, 11:44 PM
Narendra2121
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Join Date: Jul 2018
Location: Hyderabad
Posts: 375
Default Re: Interest rates under PNB Kaushal Education Loan Scheme?

Interest rates under PNB Kaushal Education Loan Scheme are mentioned below.

-The rate of interest is Base rate +2%.
-Simple interest is charged during the repayment holiday period.
-The processing fees, upfront fees, and the documentation fees is NIL.
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