PNB Kaushal
Education Loan Scheme For Pursuing Vocational Education & Training.
Objective: The Scheme PNB Kaushal aims at providing financial support for pursuing skill development courses. Students who secure admission in Skill development courses of no minimum course duration;
Purpose:
– Tuition/ course fee.
– Examination/ Library/ Laboratory fee.
– Caution deposit.
– Purchase of books, equipment, and instruments.
– Any other reasonable expenditure found necessary for the completion of the course.
Eligibility: Should be an Indian national. The student should have secured admission in a course run by IndustrialTraining Institutes (ITIs), Polytechnics or in a school recognized by central or State education Boards or in a college affiliated to the recognized university, training partners affiliated to National SkillDevelopment Corporation (NSDC)/Sector Skill Councils, State SkillMission, State Skill Corporation, preferably leading to a certificate /diploma/degree issued by such organization as per National SkillQualification Framework (NSQF).
Quantum Of Finance: Need-Based finance to meet expenses on course subject to the following ceilings:
– Minimum Rs.5000/-
– Maximum Rs 1,50,000/-
Margin: NIL
Security: Parent(s)/guardian as joint borrower.No collateral or third party guarantee is required.
Repayment (Maximum):
– For Loans upto Rs. 50,000 – Upto 3 years.
– For Loans between Rs. 50,000 to Rs. 1 lakh – Upto 5 years
– For Loans above Rs. 1 lakh – Upto 7 years
Repayment Holiday/ Moratorium:
– For courses of duration up to 1 year – 6 months from the completion of the course.
– For courses of duration above 1 year – 12 months from the completion of the courses.
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.