EasyShiksha × UniCreds education loans
Punjab National Bank education loan
PNB is a strong choice for families who can offer collateral, with a low fixed rate for listed universities and extra rebates. Apply free through EasyShiksha and a UniCreds expert does the legwork.
UniCreds lending partner- From 9.25% p.a.*
- Up to ₹2 crore secured*
- Up to ₹8 lakh without collateral*
- Public sector bank
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20,000+ students have funded their studies with UniCreds
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Punjab National Bank education loan at a glance
PNB is a strong choice for families who can offer collateral, with a low fixed rate for listed universities and extra rebates.
- Lender type
- Public sector bank
- Interest rate*
- 9.25% p.a. fixed for listed universities; 9.5% – 10% for others
- Loan with collateral
- ₹2 crore
- Loan without collateral
- ₹8 lakh
- Processing fee
- From 0.5%
- Margin money
- 15%
- Repayment tenure
- Up to 15 years
- Moratorium
- Course duration + 1 year
- Prepayment charges
- Nil
- Countries
- All universities and countries
- Apply through
- EasyShiksha × UniCreds (free)
- Typical decision
- After document check by the lender
Highlights, eligibility and documents
Highlights
- 1% p.a. rebate if you pay interest during the moratorium or choose EMI
- Extra 0.5% concession for female students
- Interest does not compound during the moratorium
- Accepts property (80% of value), FDs (75%) and LIC policies as collateral
Who can apply
- Student of any age
- Co-applicant with a good credit score
- Collateral for larger loans
Documents
Student
- Passport, PAN and Aadhaar
- Address proof
- Admission or offer letter
- Mark sheets and transcripts
- Test scores (GRE, GMAT, IELTS, TOEFL)
Co-applicant
- PAN and Aadhaar
- Salary slips or ITRs (2 – 3 years)
- Bank statements (6 months)
- Business proof if self-employed
Other
- University cost-of-attendance statement
- Scholarship letters, if any
- Property or FD papers for secured loans
Form to funding in 5 steps
100% digital, with a real person helping you the whole way.
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Share your plans
Where, what and when you want to study, and how much you need.
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Chat with an expert
A UniCreds specialist calls and explains your options.
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Upload documents
All online from home. No branch visits.
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Get the best rate
Your expert negotiates with lenders for you.
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Get sanctioned
Sanction letter in as little as 48 hours*.
Punjab National Bank vs other lenders
Not sure this is the right lender? Compare starting rates and limits, or let your expert shortlist for you.
| Lender | Type | Interest (p.a.)* | With collateral | Without collateral | Processing fee |
|---|---|---|---|---|---|
ICICI Bank
|
Private bank | From 10% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
Axis Bank
|
Private bank | From 9.5% | ₹3 crore | ₹75 lakh | 0.5% – 1% + GST |
IDFC FIRST Bank
|
Private bank | From 9% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
YES Bank
|
Private bank | From 11% | ₹2 crore | ₹50 lakh | 0.5% – 1% |
Union Bank of India
|
Public sector bank | From 9.30% | ₹75 lakh | ₹40 lakh (listed universities only) | ₹5,000, refundable |
|
Punjab National Bank
|
Public sector bank | From 9.25% | ₹2 crore | ₹8 lakh | From 0.5% |
Credila
|
NBFC | From 9.95% | No upper limit | ₹75 lakh | 0.85% – 1% of the loan |
Avanse
|
NBFC | From 10.75% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Avanse Global
|
NBFC | From 10% | Not offered | Based on your profile | From 3.99% |
InCred
|
NBFC | From 11.4% | ₹2 crore | ₹75 lakh | From 1% |
Auxilo
|
NBFC | From 11.25% | ₹2 crore | ₹80 lakh | From 0.5% |
Tata Capital
|
NBFC | From 11% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
Poonawalla Fincorp
|
NBFC | From 10% | ₹3 crore | ₹1 crore | From 0.75% |
Edgro
|
NBFC | From 11.5% | Not offered | ₹1 crore | From 1% |
FinZ
|
NBFC | From 10.75% | Not offered | ₹75 lakh | 0.75% – 1.25% |
Prodigy Finance
|
International lender | Variable | Not required | Based on your course and school | From 5% |
MPOWER Financing
|
International lender | From 12.99% | Not offered | Up to ₹95 lakh | Ask your loan expert |
*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.
Punjab National Bank education loan FAQs
What is the Punjab National Bank education loan interest rate?
9.25% p.a. fixed for listed universities; 9.5% – 10% for others*. Your final rate depends on your profile, co-applicant, course and university.
How much can I borrow from Punjab National Bank without collateral?
₹8 lakh*, depending on your profile. With collateral: ₹2 crore.
What is the moratorium on a Punjab National Bank education loan?
Course duration + 1 year. Repayment tenure: up to 15 years.
What is the Punjab National Bank processing fee?
From 0.5%*. Margin money: 15%.
How do I apply for a Punjab National Bank education loan through EasyShiksha?
Fill in the free form on this page. A UniCreds loan expert checks your eligibility with Punjab National Bank and other lenders, helps with documents and negotiates the offer for you.
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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.