#1  
13th January 2022, 01:38 AM
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Details of Security under PNB Bihar Student Credit Card Scheme?


Hi Sir, I just got the information about the PNB Bihar Student Credit Card Scheme introduced by Punjab National Bank. Can I know what security they want to give the loan under this scheme?




  #2  
14th January 2022, 05:39 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 2,335
Default Re: Details of Security under PNB Bihar Student Credit Card Scheme?

There is no margin available.
The maximum amount offered is 4 lacs.
Patent/guardians to be co borrower and no collateral security is required.

No 3rd party gurantee is required for such loan.

One can use for paying expenses.
They take in to account any scholarship , fee, waiver etc while computing loan requirements.

The loan must be repaid within 15 yrs as EMIs.
  #3  
14th January 2022, 09:05 PM
cookie1902
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Join Date: Jan 2019
Posts: 10,681
Default Re: Details of Security under PNB Bihar Student Credit Card Scheme?

The details of security under the PNB Bihar student credit card scheme are given below.

--> Parents must be co-borrowers. No collateral security or third-party guarantee is required.
--> All Bihar student credit card schemes or education loan products are covered under the Bihar Government Scheme.
  #4  
14th January 2022, 11:39 PM
Ayesha baig
 
Join Date: Oct 2021
Posts: 1,296
Default Re: Details of Security under PNB Bihar Student Credit Card Scheme?

You can apply for the loan amount upto 4lakh.
And the interest charge is currently 6.80% and an additional factor of 2.15% this brings the effective interest rate at 8.95%.
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  #5  
15th January 2022, 09:16 AM
aashisranjan784
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Join Date: Sep 2012
Posts: 7,789
Default Re: Details of Security under PNB Bihar Student Credit Card Scheme?

No, security ( collateral ) is required to get the loan ( credit card ) under Bihar Student Credit Card and all you need to do is just fulfill all the required essential documents related to academic record and your parents income certificate to get the loan.

There is maximum limit of Rs 4 lakhs. For detail information you can contact the bank or DRCC office.
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  #6  
15th January 2022, 01:46 PM
Msdhoni02
 
Join Date: May 2021
Posts: 1,779
Default Re: Details of Security under PNB Bihar Student Credit Card Scheme?

Details of Security under PNB Bihar Student Credit Card Scheme?

Security Needed

Parents must be co-borrowers. No collateral security or third-party guarantee required.
All Bihar Student Credit Card Scheme or education loan products are covered under the Bihar Government scheme.
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