Punjab National Bank Abroad Education Loan

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The Punjab National bank provides PNB Udaan education loan scheme for students to study abroad. There is no capped limit for the PNB Udaan education loan. It offers finance based on the need of the student and a repayment period of up to 15 years. 

PNB Udaan Education Loan Scheme to Study Abroad

PNB Udaan education loan scheme provides attractive interest rates that range between 9 to 14%. It encourages students to pursue professional courses from top universities in the world by providing the needed funds.



Loan Limit

Loan depending on the requirement of the applicant

Expenses covered

Study costs

The fee to be paid to the university
Purchasing books
Fee for lab
Cost of project work, or thesis
Purchase of equipment needed for education such as a computer a laptop

Living expenses

Expenses for food
Fee for hostel
Caution fee
Refundable deposit for accommodation


Travel expenses
Health insurance
Study tours
Miscellaneous expenses 

Accepted co-applicant

Parents, parents-in-law, spouse, siblings

PNB Education loan rate of interest

9 to 14% depending on the type of loan. If you are pledging collateral, then you will have a lesser rate of interest. 

Moratorium Period

Course Duration plus 1-year

Repayment Duration

Maximum of 15 years

Repayment policies

Paying interest is not mandatory in the moratorium period

PNB loan Eligibility Criteria

Should be an Indian national

Must have received admission into higher education after HSC.

Value of Collateral (only if it is a collateralized education loan)

Value of up to 125% of the asked loan amount

Accepted Collateral

Flat, FD, House, and land

The margin for PNB Abroad Education Loan

15%(for loans above 4 lacs)

Eligible courses:

  • For UG: Professional and technical courses in reputed universities
  • For PG: MBA, MCA, MS, etc.
  • Prestigious courses such as CPA in the USA and the courses conducted by CIMA-London
  • The courses that are defined under government subsidy schemes
  • Courses such as Pilot training, aeronautical, shipping, etc provided by reputed institutes around the world. 

Tip: Choose top courses around the world by taking the reference of the above list to stand the best chance of an education loan from PNB. Also, there are different types of education loans and hence choose the one that best fits your profile and requirements.

Pursue top courses from around the world with PNB Udaan education loan scheme. Let us take care of the expenses!

Documents required to get an Abroad education loan from PNB

Below are the documents that you will require to process your Punjab National bank abroad education loan:

  • Fill out the PNB education loan form sent by WeMakeScholars financial officer along with your signature and 2 photographs.
  • Documents required for the applicant: 
    • Proof of identity: Aadhar card, PAN card, Passport (if going abroad)
    • Residence proof: Aadhar card, Voter ID card, utility bills, ration card, or bank account statement
  • Documents required for co-applicant: 
    • 6 months statement of bank account(salaried)
    • 1-year business transactions(self-employed)
  • Required academic documents of the applicant:
    • 10th, 12th, and degree mark sheets
    • Admit proof of the full course
    • Fee structure
    • IELTS/GMAT/GRE scorecard
    • University ranking
  • Income documents of the salaried financial co-applicant
    • Last 3 months payslips
    • 2 years form 16
    • Employer’s ID card
    • 2 years ITR
  • Income documents of self-employed financial co-applicant
    • 3 years ITR
    • Profit and loss account and balance sheet of 3 years
    • Business address proof
  • Other documents
    • A letter to state that the leftover expenses will be taken care of by your co-applicant
    • Notarised joint affidavit of student and co-applicant
  • Additional documents
    • Receipt of any advance payment made to the university
    • Account statement of pending loans
    • Explain the gap in your studies if you have had any on a Rs 100 stamp paper

The above was a general list of documents. However, if you are going for a collateral loan, then you will be required to submit collateral documents too. The documents for collateral are not the same for all as the list differs by state. You can check requirements according to the state you are applying from.

Download the accurate list of documents for PNB Udaan education loan from WeMakeScholars.

Punjab National Bank Abroad Education loan repayment policies

The PNB education loan for abroad studies offers up to 15 years of time for the students to repay the loan. The students have the option of either paying interest in the moratorium period or opting out of it and then including that interest in the following EMIs.

The Punjab National bank also does not have any prepayment penalty and offers students the choice of closing off the loan before the completion of tenure in the following ways.

  • Choose a shorter duration to repay the loan
  • Prepayment
  • Transferring loan to another bank

Repayment isn’t the best of times for students as they can come across many difficulties during this time. However, even in the repayment phase, WeMakeScholars tries to solve all the issues that a student faces such as a sudden increase in the ROI.

Benefits of Punjab National bank Abroad Education Loan

The benefits of going to Punjab National bank are listed below.

  • The processing fee charged for PNB Udaan education loan to study abroad is refunded after the first disbursement
  • Consider courses that are under government interest subsidy schemes so students can attain subsidy for interest in the moratorium period
  • Scholarship or any financial assistance is included in the loan margin
  • Competitive rate of interest
  • Gives preferences to professional or technical courses that help students in getting good jobs in the future

These benefits may lure you into going to PNB directly for an education loan abroad, however, we would advise you to go to PNB through WeMakeScholars as we will sanction your education loan much faster and at better terms than when you go directly through PNB.

Below are a few disadvantages of going through the bank directly

  • Partial information about the education loan process
  • Inaccurate list of required documents
  • You will have to pay multiple visits to the bank for the education loan sanction
  • The process too will be longer than usual

Read on to know why WeMakeScholars should be your priority when going for an education loan.

Get superfast PNB Education loan sanction from WeMakeScholars today!

Why go through WeMakeScholars?

WeMakeScholars is a unique initiative that was started to process hassle-free education loans for studies in India and abroad. We also have got the backing of the Ministry of IT, govt of India under the Digital India campaign. We are associated with 14+ banks (public and private), which provide students with a range of education loan offers. Below are a few of the many advantages of going through WeMakeScholars.

Better interest rates: Students have the advantage of interest concession of up to 2% when they process their education loan with us.

Faster process: The banks usually charge fees to process your education loan, but still do not do it on their own time. We on the other hand, without charging any fee from lenders process education loans faster than the banks.

End-to-end support: Students have our assistance throughout their education loan process, even in a timezone that can differ by 12 hrs.

Cashback: You earn a cashback of Rs 3,000 when you go through us!

Process your Punjab National bank abroad education loan through us. Request a callback today!

Go through WeMakeScholars for an education loan at lower rate of interest and at a faster pace.