PNB Education Loan 2026
Punjab National Bank offers education loans under separate schemes for premier Indian institutes (Pratibha), other Indian courses (Saraswati), study abroad (Udaan) and skill courses (Kaushal). Interest rate 8.10% – 11.25%, loan Need-based; PNB Udaan (abroad) up to about ₹1 crore (aggregator), tenure Up to 15 years.
Rates as of Jul 2026 (aggregator) · Checked 27 September 2026PNB Education Loan at a glance
- Collateral-free up to ₹7.5 lakh
- Lower rate for female students abroad
- No prepayment penalty
- Official rate card not published on the scheme pages
- Saraswati (non-premier India) rates are relatively high at 10.50% – 11.25%
PNB education loan interest rate & charges
| Feature | PNB |
|---|---|
| Interest rate | 8.10% – 11.25% |
| Rate details | As compiled by GyanDhan (updated 6 Jul 2026): PNB Pratibha (premier institutes in India) 8.10% – 10.50%; PNB Saraswati (India) 10.50% – 11.25%; PNB Udaan (abroad) 9.25% – 11.25% (9.25% for female, 9.80% for male students). BankBazaar separately lists a PNB Vidyalaxmi scheme at 6.85% – 8.60% (floating). PNB’s pages link to a rate card rather than listing figures — confirm with the branch. |
| Processing fee | About 1% for study-abroad loans (aggregator); India loans as per PNB’s service-charge schedule |
| Loan amount | Need-based; PNB Udaan (abroad) up to about ₹1 crore (aggregator) |
| Tenure | Up to 15 years |
| Prepayment / foreclosure | No prepayment penalty (PNB Udaan); no charge on floating-rate loans to individuals |
| Collateral-free limit | ₹7.5 lakh (with parent co-borrower) |
| Moratorium | Course + 1 year |
| Margin | Nil up to ₹4 lakh; 5% (India) / 15% (abroad) above |
| Concessions | 0.50% for girl students (Pratibha, as reported); lower rate for female students on Udaan |
Special schemes & features
For students at premier institutes in India
For other recognised courses in India
For studies abroad; no prepayment penalty
For skill-development courses
Concessional scheme listed at 4%
Source: www.gyandhan.com, Jul 2026 (aggregator). Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at PNB’s rates
| Loan amount | EMI @ 8.10% | EMI @ 9.68% | EMI @ 11.25% |
|---|---|---|---|
| ₹5,00,000 | ₹6,093 | ₹6,519 | ₹6,958 |
| ₹10,00,000 | ₹12,186 | ₹13,039 | ₹13,917 |
| ₹25,00,000 | ₹30,464 | ₹32,596 | ₹34,792 |
Tenure 10 years, reducing-balance method. Total interest on ₹10,00,000 at 8.10%: ₹4,62,280.
PNB education loan EMI calculator
Eligibility
- Indian national (some lenders also lend to NRI/OCI students)
- Confirmed admission to a recognised course in India or abroad, usually through an entrance test or merit-based selection
- Parent or guardian as co-borrower (spouse or parents-in-law for married students)
- Satisfactory credit history of the co-borrower; income matters more for larger or unsecured loans
- Collateral for loans above ₹7.5 lakh under the IBA model scheme (higher collateral-free limits for premier institutes)
- Margin money (your own contribution) of 5% for India or 15% for abroad on loans above ₹4 lakh
Documents required
- Student and co-borrower KYC: PAN, Aadhaar, passport (for abroad), photographs
- Admission letter and official fee schedule of the institute
- Marksheets of Class 10, 12, graduation and entrance-test scorecards
- Co-borrower income proof: salary slips / Form 16 or ITR for 2 years, 6 months’ bank statements
- Collateral papers for secured loans: title deed, encumbrance certificate, valuation and legal reports
- For studies abroad: I-20 / CAS / CoE or offer letter, visa (at disbursal), cost estimate, GRE/GMAT/IELTS/TOEFL scores
How to apply for PNB Education Loan
- Shortlist lendersCompare rate, collateral-free limit, margin and moratorium for your institute — premier institutes get much better terms.
- Apply online or via PM-VidyalaxmiApply on the bank’s website, at a branch or through the PM-Vidyalaxmi portal (pmvidyalaxmi.co.in) for participating banks.
- Submit documentsAdmission letter, fee schedule, academic records, KYC and co-borrower income proof; collateral papers if needed.
- Sanction & KFSCheck the sanction letter and Key Facts Statement for APR, moratorium terms and margin before signing.
- DisbursalFees are paid directly to the institution term by term; living and other costs are released in tranches.
PNB vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹10,00,000 |
|---|---|---|---|---|
| Union Bank Education Loan | 6.75% – 10.00% | Not published in the sources checked — ask the branch | Up to 15 years after the moratorium | ₹11,482 |
| Bank of Baroda Education Loan | 6.85% – 9.90% | Nil up to ₹7.5 lakh and for premier institutes in India; studies abroad 1% (max ₹10,000), refunded for premier institutes; ₹8,500 per property mortgaged | Up to 120 EMIs (loans up to ₹7.5 lakh) or 180 EMIs (above ₹7.5 lakh) after the moratorium | ₹11,534 |
| Canara Bank Education Loan | 6.85% – 10.10% | Vidya Turant: nil (PM-Vidyalaxmi portal fee ₹200 + GST); Master’s-abroad scheme 0.50% (capped at ₹10,000 – ₹20,000) | Up to 15 years excluding the moratorium | ₹11,534 |
| SBI Education Loan | 6.90% – 9.90% | Student Loan: nil up to ₹10 lakh, ₹5,000 + GST for ₹10–20 lakh, 0.50% (max ₹25,000) above ₹20 lakh. Scholar Loan: nil. Global Ed-Vantage: 0.50% (min ₹10,000, max ₹50,000) + GST | Up to 15 years after the moratorium | ₹11,559 |
| Bank of India Education Loan | 7.00% – 9.80% | Studies in India: nil (portal fee ₹100 + GST); studies abroad: ₹5,000 (aggregator) | 15 years from start of repayment | ₹11,611 |
| PNB Education Loan | 8.10% – 11.25% | About 1% for study-abroad loans (aggregator); India loans as per PNB’s service-charge schedule | Up to 15 years | ₹12,186 |
| Credila Education Loan | 8.95% – 13.00% | 0.5% – 1% of the loan + GST | Up to 14 years | ₹12,641 |
| HDFC Bank Education Loan | 9.00% – 14.10% | Studies in India: 1% of loan or ₹1,000, whichever is higher; studies abroad: 1.5% + taxes | Up to 10 years for loans up to ₹7.5 lakh; up to 15 years above | ₹12,668 |
Frequently asked questions
What is the PNB Education Loan education loan interest rate?
PNB education loan rates start at 8.10% and go up to 11.25% p.a. (as of Jul 2026 (aggregator)). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹10,00,000 from PNB?
At 8.10% for 10 years the EMI is about ₹12,186, with total interest of ₹4,62,280.
What is the processing fee?
PNB: About 1% for study-abroad loans (aggregator); India loans as per PNB’s service-charge schedule. GST at 18% applies on fees.
What is the maximum tenure?
PNB: Up to 15 years.
Can I prepay or foreclose the loan?
PNB: No prepayment penalty (PNB Udaan); no charge on floating-rate loans to individuals.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with PNB Education Loan. Terms change — confirm with the lender.