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  #1  
12th August 2017, 11:20 AM
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Processing fees and interest rate applicable for an education loan from PNB?


Hello sir, I want to get an education loan from Punjab National Bank to study B.Tech course. What will be processing fees applicable and interest rate?




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  #2  
13th August 2017, 01:31 PM
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Default Re: Processing fees and interest rate applicable for an education loan from PNB?

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Originally Posted by Unregistered View Post
Hello sir, I want to get an education loan from Punjab National Bank to study B.Tech course. What will be processing fees applicable and interest rate?

There are no processing fees for studies in India for an education loan from PNB. Documentation charge of Rs 270 is charged for education loans up to Rs 4 Lakh and Rs 450 for above Rs 4 Lakh + GST charges. PNB offers education loan maximum of Rs 10 Lakh for studies in India and Rs 20 Lakh for studies abroad. The rate of interest differs based on the loan amount and girl students get concession in interest rate. Candidates have to check the bank for exact education loan interest rate. It is around 13% for an education loan of up to Rs 4 Lakh, 14% for over Rs 4 to 7.5 Lakh and 12% for over 7.5 Lakh. The PNB website link is given Click Here
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