Education and Career Forum

Hello sir, I am from Punjab and want to study Aeronautical Engineering course from Canada. Please tell me procedure to apply for an education loan at Punjab National Bank? How much amount they can grant without interest?

By showing certain documents you can avail the education loan and can get the maximum of rupees 10 lac to study in India and maximum of rupees 20 lac to study abroad. The documents are listed here under:
The applicant should be an Indian national.
The student should not have any outstanding loan amount from any other bank.
The candidate must have secured admission in the recognized University in India or abroad.
Parents should sign up as the Co-Applicant.
The candidate needs to submit photo copy of Address proof, Income proof, Income details, Education documents.
Banks will not grant any loan without interest. You have to pay interest. Up to Rs. 4 lac BR+3% if you are repaying the amount within 3 years and BR+2.50%+ Term premium @0.50% above 4 lac and up to 7.50 lac BR+4% if you are repaying the amount within 3 years and BR+3.5%[email protected]% and above 7.50 lac BR+2.00% if you are repaying the amount within 3 years and BR+2.00%.