#1
24th April 2018, 04:38 PM
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Prepayment fine in PNB Udaan Education Loan Scheme?
Respected Sir, I have heard that Punjab National Bank is introduced PNB Udaan Education Loan Scheme for the betterment of students who is interested to do Diploma course. I would like to know that if I apply in this scheme then what prepayment fine will they charge? I am interested to apply in this scheme but need to know about prepayment fine first.
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#2
27th May 2018, 08:15 PM
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No, there are no prepayment fine/ charges under PNB Udaan Education Loan Scheme. The moratorium period/ repayment holiday under PNB Udaan Education Loan Scheme is course period plus one year. The repayment tenure under PNB Udaan Education Loan Scheme is maximum 15 years.
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#3
28th May 2018, 09:01 AM
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The prepayment fine iunder PNB Udaan Education Loan Scheme is NIL. There is no need to pay any fine/ charge, if you repay the loan amount before the scheduled time. To get an education loan under PNB Udaan Education Loan Scheme, you should have secured admission in Diploma/ Degree course in Abroad.
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