For many Indian students aiming to pursue higher education abroad, financial constraints often stand as the most significant barrier. However, banks like Punjab National Bank (PNB) offer solutions to ease this burden. The PNB Udaan education loan scheme has emerged as one of the prominent choices for students looking to study abroad.
This article explores the various features of the Punjab National Bank abroad education loan, eligibility criteria, application process, and other essential details relevant to students planning to study 2025.
Introduction to PNB Udaan Education Loan
The PNB Udaan Education Loan is a comprehensive financial product designed to help Indian students pursue undergraduate, postgraduate, and diploma programs in foreign institutions. With competitive interest rates and flexible repayment options, the PNB Udaan loan has been structured to cater to the needs of international students.
In 2025, this scheme continues to be a favored option for students who wish to study abroad but face financial challenges. The loan covers a wide range of expenses, including tuition fees, travel costs, living expenses, and more, making it an ideal financial tool for students aspiring to pursue higher education abroad.
Key Features of the PNB Udaan Education Loan
The PNB Udaan scheme offers various features that make it a go-to choice for students seeking financial aid for their overseas education. Below are the key features of this loan:
Loan Amount
The loan amount provided under the PNB Udaan scheme depends on the student’s financial needs and the eligibility of the co-borrower. The loan covers the following ranges:
- Minimum Loan Amount: ₹7.5 lakh
- Maximum Loan Amount: ₹1 crore
The loan is tailored to meet the financial requirements of the student based on their course and destination. The maximum loan amount of ₹1 crore is ideal for students pursuing expensive programs in top universities.
Interest Rates
PNB offers competitive interest rates under the Udaan scheme, depending on the student’s profile:
- For male students: 9.80% per annum
- For female students: 9.25% per annum These rates ensure that the loan remains affordable for the students while they continue their education abroad.
Margin Money
The loan comes with specific margin money requirements, which the borrower needs to contribute:
- Up to ₹4 lakh: No margin money
- Above ₹4 lakh: 15% margin Margin money refers to the percentage of the total loan amount that the student or their co-borrower is required to pay. It is a standard practice to ensure the borrower has a personal stake in the loan.
Processing Fee
PNB charges a nominal processing fee for the loan application. As of 2025, the processing fee is ₹10,000, plus applicable GST. This fee is non-refundable, regardless of whether the loan is approved or not.
Repayment Tenure
PNB offers flexible repayment terms for the Udaan education loan. The maximum repayment period is 15 years, ensuring that students have ample time to repay the loan after completing their course. The repayment period begins after a moratorium period that includes the course duration plus one year.
Eligibility Criteria for PNB Udaan Education Loan
To apply for the PNB Udaan study abroad Loan, students must meet certain eligibility criteria. Here are the key requirements:
Indian Citizenship
Applicants must be Indian citizens who have secured admission to a recognized foreign institution for higher studies.
Admission Requirement
Students must have secured admission to an approved institution abroad. The course should be a full-time program leading to a degree, diploma, or postgraduate certification.
Age Criteria
Generally, the age of the applicant should be between 18 to 35 years. This range may vary depending on the course or program the student intends to pursue.
Co-borrower
The loan requires a co-borrower who is typically a parent, guardian, or close relative. The co-borrower must provide financial proof of income to meet the bank’s eligibility criteria.
Academic Requirements
While the loan itself is not tied to academic performance, the applicant must have a good academic record and meet the entry requirements of the foreign university to secure admission.
For students planning to study in 2025, Punjab National Bank continues to be a reliable partner, ensuring that financial constraints do not stand in the way of educational goals.
Just make sure your chosen institution is a part of the PNB education loan college list abroad, so that you get access to the maximum benefits. Connect with a study abroad consultant for assistance in this matter.
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