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'PNB PRATIBHA' - Education Loan For Premier Institutes in India Objective

The PNB PRATIBHA scheme aims to provide financial support to meritorious students admitted to premier institutes in India. The loan can be used to pay tuition fees, examination fees, books, supplies, computer equipment, living expenses and other costs required to complete the course. Eligible students must be Indian nationals enrolled in regular full-time degree/diploma programs at select business schools, engineering colleges, medical colleges or IIM and ISB management programs. The loan amount depends on financial need and repayment capacity, with a maximum of Rs. 20 lacs available at zero margin and above Rs. 20 lacs requiring a 5% margin. Loans are secured by co-obligation of parents and tangible assets

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Raj Kumar
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149 views1 page

'PNB PRATIBHA' - Education Loan For Premier Institutes in India Objective

The PNB PRATIBHA scheme aims to provide financial support to meritorious students admitted to premier institutes in India. The loan can be used to pay tuition fees, examination fees, books, supplies, computer equipment, living expenses and other costs required to complete the course. Eligible students must be Indian nationals enrolled in regular full-time degree/diploma programs at select business schools, engineering colleges, medical colleges or IIM and ISB management programs. The loan amount depends on financial need and repayment capacity, with a maximum of Rs. 20 lacs available at zero margin and above Rs. 20 lacs requiring a 5% margin. Loans are secured by co-obligation of parents and tangible assets

Uploaded by

Raj Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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`PNB PRATIBHA`– Education Loan For Premier Institutes In India

The Scheme `PNB PRATIBHA` aims at providing financial support to meritorious


Objective
students who get admission in Premier Institutes in India.

 Fee payable to college/ school/ hostel.


 Examination/ Library/ Laboratory fee.
 Life Insurance premium for student borrower.
 Caution deposit, Building fund/refundable deposit supported by
Institution bills/receipts.
Purpose
 Purchase of books/ equipments/ instruments/ uniforms.
 Purchase of computer, at reasonable cost, if required for completion of the
course.
 Any other expense required to complete the course - like study tours,
project work, thesis, etc.

 Should be an Indian national.


 Should have secured admission in Regular full time Degree / Diploma
courses offered by Premier Institutes, which include (i) Business Schools,
(ii) Engineering Colleges, (iii) Medical Colleges and other reputed
Eligibility  Part-time Post Graduate Programmes in Management for Executives’,
offered by Indian Institute of Management (IIM) at all centers.
 Post Graduate Programme in Management for Senior Executives
(PGPMAX), offered by Indian School of Business (ISB) Hyderabad &
Mohali campus

 Need based Finance subject to repaying capacity of the parents/ students


(after getting employment);
Quantum Of Finance
 Reimbursement of fees paid within six months may be considered on
individual merits of the case.

i. Upto Rs 20 lac - Nil, above Rs 20 lac - 5%


ii. Scholarship/Assistantship be included in margin :
Margin
iii. Margin may be brought-in on year-to-year basis as and when
disbursements are made on a pro-rata basis :

Co-obligation of parents/guardian as joint co-borrowers.


Security
Upto Rs 20 lac - Nil, above Rs 20 lac - Tangible Collateral
Repayment
(Maximum)
maximum upto 15 years

Repayment
Holiday/ Course period + 1 year
Moratorium

Prepayment
Charges
Nil

Rate Of Interest RLLR+0.25%

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