One of India’s oldest banks, PNB’s Udaan scheme supports meritorious students with need-based financing, flexible repayment, and a wide acceptance list of global universities.
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Basic bank details
Maximum Loan Amount
Up to ~₹1–1.5 Cr
Interest Rate Range
~9.25%–11.25%
Margin Money
15%
Processing Fees
Up to ~1%
Moratorium Period
Course + 1 year
Repayment Tenure
Up to 15 yrs
Loan Type
~7–10 working days
Processing Time
~7–10 working days
Loan Repayment Method
STEM / Mgmt / Arts
Eligibility Criteria
Indian citizen with confirmed admission to recognized foreign university
Co-applicant with stable income (parent/spouse/sibling)
Minimum academic score of 60% in qualifying examination
Age between 18-35 years at time of application
Document Requirement
Verification of identity: PAN card, passport, driver's permit, or electoral card.
Educational history: Secondary and higher secondary results, plus graduation papers if relevant.
Enrollment confirmation: Official acceptance document from the foreign school.
Expense overview: Detailed breakdown of tuition, housing, and other costs.
Photos: A couple of recent passport-style images.
Identity verification: PAN card, passport, driver's permit, or electoral card.
Earnings evidence: Recent pay stubs, tax filing forms, or income tax acknowledgments.
Financial records: Half-year bank transaction summary.
For Secured Variants:
Asset ownership proofs: Deeds and titles.
Building approvals: Sanctioned layouts.
Historical transfer records: Documentation spanning three decades.
Key Features
Punjab National Bank stands as a reliable choice for overseas student financing through its Udaan program, offering tailored support for Indian learners:
Extensive Coverage: Funds full program expenses including fees, lodging, journeys, assessments, and gear without a fixed ceiling.
Favorable Pricing: PNB education loan interest rates for 2025 start at 10% and go up to 11.25% per year, with potential reductions under schemes like PM Vidyalaxmi for eligible cases beginning at 7.5%.
Payment Flexibility: Deferrals available throughout the program plus up to 12 months afterward, with total settlement periods reaching 15 years and no charges for early closures.
Unsecured Availability: Access funding without pledges for amounts up to INR 7.5 lakh, ideal for PNB student loan without collateral seekers.
Broad Accessibility: Backed by a vast network of over 10,000 outlets, ensuring easy reach for queries or submissions.
Tax Advantages: Deduct interest payments under income tax provisions, easing long-term burdens.
Merit-Focused: Prioritizes promising profiles, making it suitable for high-achieving individuals pursuing global opportunities.
How does it work
Total Processing Time
Upload documents securely, get instant verification, and track your application 24/7 through our online platform
Expert Personal Support
Dedicated relationship manager with multilingual support to guide you through the entire loan process
Fastest Loan Processing
Get your education loan approved 3x faster than traditional bank applications with our streamlined process
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