PNB Pratibha
PNB Pratibha– Education Loan For Premier Institutes In India
Objective: The Scheme ‘PNB PRATIBHA’ aims at providing financial support to meritorious students who get admission to Premier Institutes in India.
Purpose:
– Fee payable to college/ school/ hostel.
– Examination/ Library/ Laboratory fee.
– Life Insurance premium for student borrower, if applicable.
– Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts.
– Purchase of books/ equipments/ 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.
Eligibility:
– Should be an Indian national.
– Should have secured admission in Regular full-time Degree / Diploma courses offered by Premier Institutes, which include (i) Business Schools, (ii) Engineering Colleges, (iii) Medical Colleges and other reputed Institutes as per Annexure `I` & `II`
– Part-time Post Graduate Programmes in Management for Executives’, offered by the Indian Institute of Management (IIM) at all centers.
– Post Graduate Programme in Management for Senior Executives (PGPMAX), offered by Indian School of Business (ISB) Hyderabad & Mohali campus
Quantum Of Finance:
– Need-based Finance subject to repaying capacity of the parents/ students (after getting employment);
– Reimbursement of fees paid within six months may be considered on the individual merits of the case.
Margin:
i. As per annexures:
ii. Scholarship/Assistantship be included in margin :
iii. Margin may be brought in on year-to-year basis as and when disbursements are made on a pro-rata basis :
Security: Co-obligation of parents/guardians as joint co-borrowers.
Repayment (Maximum): maximum upto 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.