Bank of Punjab Education Loan - Student Loan in India

Bank of Punjab Education Loan Scheme

Eligibility  
You are eligible if you : Are a resident of India.
Have an offer / admission letter / are bonafide student of a college / university in India or abroad.
 
Expenses Covered   
The following expenses can be claimed under the scheme

• Admission / Tuition fee to be payable to College / University / Institution.
• Air fare / Travel Expenses.
• Boarding and Lodging expenses.
• Books and Stationery expenses.
• Instruments / equipment / computer expenses required for the course undertaken.
• Examination / Library / Laboratory fee.
• Any other expense required to complete the course - like study tours, project work, thesis, etc.

Rate of Interest
 
As applicable from time to time.
 
Repayment Plan
 
 
Repayment of loan starts after studying & moratorium* period and can go up to a maximum of 7 years. 
 
* Moratorium period is a max. of 6 months after course completion or one month after getting a job whichever is earlier. 
 
Documents Required
 
The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.
 

 
NOTE :
1. All loans are at the sole discretion of Centurion Bank of Punjab Ltd.
2. Repayment of Loan through Post Dated Cheques (PDCs).

Also See

Public Sector Banks to offer Insurance linked Education Loans

• Student Loans For Studies in India
  
  
• Student Loans for Studies Abroad
  
  
• Eligibility for getting A Student Loan
  
  
• Student Loan Documentation