Education and Career Forum

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 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%.

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.

Originally Posted by Unregistered

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

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.