PNB Honhaar
PNB Honhaar Education Loan Scheme For Pursuing Higher Education And Skill Development Courses In Delhi.
Objective: The Scheme aims at providing financial support for pursuing higher education in Delhi.
Purpose:
– Fee payable to college/ school/ hostel.
– Examination/ Library/ Laboratory fee.
– Insurance premium for student borrower.
– Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts.
– Purchase of books/ equipment / instruments / uniforms.
– Purchase of computer at a reasonable cost, if required for completion of the course.
– Any other expense required to complete the course – like study tours, project work, thesis, etc.
– While computing the loan required, scholarships, fee waiver, etc., if any available to the student borrower may be taken into account.
– If the scholarship component is included in the loan assessment, it may be ensured that the scholarship amount gets credited to the loan account when received from the Government.
Eligibility:
– Should be an Indian national.
– Students who wish to pursue diploma or degree or Specified skill development courses in Delhi and have done their Class-X and Class –XII from Delhi are eligible under this Scheme
– The student should have secured admission to a higher education course or specified Skill development courses (diploma or degree including bachelors, Masters and Doctoral Degree) in recognized institutions in Delhi through Entrance Test/ Merit Based Selection process after completion of Secondary Examination/ Senior – Secondary Examination/ required qualifying examination.
Quantum of Finance: Need-based finance to meet expenses on course subject to Max Rs 10.00 lacs.
Margin: NIL
Security: Parent(s)/guardian as joint borrower.No tangible Security and /or 3rd party guarantee is required.
Repayment (Maximum): Max 15 years
Repayment Holiday/ Moratorium: Course period + 1 year
Prepayment Charges: NIL
Rate Of Interest: Click Here
Processing Charges/ Upfront Fee: Click Here
Documentation Charges: Click Here
Note: Above is only salient features of the scheme. For details please contact the nearest branch.