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Students with PAN Card will only get educational Loan from banks

Students with PAN Card will only get educational Loan from banks

Many banks have made it compulsory from this year to give educational loans only to those who have Permanent Account Number. Some of the banks here ask for PAN cards of student (applicant) and parent (co-borrower) who apply for education loan this year.

Though some banks are demanding PAN only at a later stage, after disbursing the loan, some leading banks like State Bank of India (SBI) might be insisting on PAN for even processing the educational loan application forms.

The new eligibility criterion is being enforced due to difficulties faced in contacting the borrower after he/she completes his/her studies.

The banks should take more measures to create awareness among students on the need for PAN card. They would be able to get the card in a couple of weeks.

Students would approach banks for education loans only after the final examination results are released and after applying for admission in a college. Those who do not have the card and plan to go in for education loan should apply for PAN card now, he said.

The banks should take more measures to create awareness among students on the need for PAN card. They would be able to get the card in a couple of weeks.

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2 Responses to “Students with PAN Card will only get educational Loan from banks”

  1. chandravadan surti-brahmbhatt says:

    sir,
    student education loan paripatra bank requirement policy
    pl. e-mail Paripatra
    pl. do needful

  2. kalyan nanda says:

    Now I applied pan card.can I get education loan without pan card? I will ofter getting the pan card. Please replay me fast. Am worried about it.