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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.

Bank of Punjab Education Loan
 
NOTE:

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