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PNB Digital Education Loan

Paperless PNB Vidyalaxmi education finance for eligible study in India. The current rate sheet lists institute-group rates from 6.85% to 8.60% p.a.; margin, course and institute rules apply.

RateCurrent rate table: AAA 6.85%–7.05%; named AA groups 7.20%–7.35%; 213 other institutes 7.95%; 1,104 other institutes 8.60% p.a. The rate page describes these as RLLR+BSP less the published institute-group spread.RepaymentUp to 15 years in EMIs; moratorium is course period + 1 year.Processing feeNIL processing fee and NIL documentation charge.
Official product page ↗Compare category

Quick eligibility check

PNB Digital Education Loan

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Resident Indian, NRI or PIO admitted through the merit channel to an eligible graduation or post-graduation degree or diploma course at a listed QHEI in India?

2Do you meet this requirement: PNB's live page and linked rate/list materials disagree on the total institution count?

3Do you meet this requirement: no count is shown here?

4Document checkDo you have this required document or proof: PM Vidyalaxmi portal ID?

5Document checkDo you have this required document or proof: Marksheets for previous qualifications?

6Document checkDo you have this required document or proof: Institution course-expense schedule?

7Document checkDo you have this required document or proof: Experience certificate, if any?

0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 5 Oct 2026 · active
Offered byPunjab National Bank

India; approved higher-education institutions

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeDigital, collateral-free education loan under the PNB Vidyalaxmi route for approved QHEIs in India.View source
The official page describes a collateral-free, paperless education loan through PNB Vidyalaxmi.
Source
PNB Digital Education Loan
Page / section
Purpose and Features
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
RateCurrent rate table: AAA 6.85%–7.05%; named AA groups 7.20%–7.35%; 213 other institutes 7.95%; 1,104 other institutes 8.60% p.a. The rate page describes these as RLLR+BSP less the published institute-group spread.View source
PNB's current rate table publishes seven rate groups from 6.85% to 8.60% p.a.; the separate product-page eligibility count and institute-list source are inconsistent and remain under review.
Source
PNB interest rates on advances — Vidyalaxmi section
Page / section
Education Loan for Study in 1425 QHEIs: Vidyalaxmi ; institute-category rows
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
BenchmarkRLLR + BSP minus the institute-group spread shown in PNB's current table.View source
The table expresses each current institute rate as + with a group-specific spread.
Source
PNB interest rates on advances — Vidyalaxmi section
Page / section
Education Loan for Study in 1425 QHEIs: Vidyalaxmi ; institute-category rows
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
RepaymentUp to 15 years in EMIs; moratorium is course period + 1 year.View source
PNB states maximum repayment of 15 years and a moratorium of course period plus one year.
Source
PNB Digital Education Loan — current official page
Page / section
Features — repayment period/tenure and moratorium
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Processing feeNIL processing fee and NIL documentation charge.View source
PNB states processing/documentation charges are NIL; the current retail-advance education fee schedule also states NIL for studies in India.
Source
PNB Digital Education Loan — current official page
Page / section
— Processing/Documentation Charges
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
MarginAAA/AA institutes: nil margin. Other listed institutes: nil up to ₹4 lakh and 5% above ₹4 lakh.View source
The product page distinguishes AAA/ institutes from other listed institutes and gives the nil/5% thresholds.
Source
PNB Digital Education Loan — current official page
Page / section
Quantum of Finance; Margin
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
SecurityPNB describes the scheme as collateral-free and links an institution-wise list of maximum loan amounts; the linked 55-page list is still under review, so its institution-specific limits are not stated here.View source
The page calls the product collateral-free and links a list of institutions with maximum loan amounts; the linked list conflicts with the live 945-QHEI text and remains incompletely reviewed.
Source
PNB Digital Education Loan — current official page
Page / section
Purpose; List of Institutions with Max Loan Amount; Features
Accessed
5 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Digital-assisted web journey through account opening and end-to-end tablet journey through disbursement
  • Collateral-free loan route
  • Nil margin for AAA/ institutes; for other listed institutes, nil up to ₹4 lakh and 5% above ₹4 lakh
  • Current institute-group floating rates from 6.85% to 8.60% p.a.
  • Repayment up to 15 years; moratorium is course period + 1 year
  • Nil processing and documentation charges

Eligibility

  • Resident Indian, or admitted through the merit channel to an eligible graduation or post-graduation degree or diploma course at a listed QHEI in India. PNB's live page and linked rate/list materials disagree on the total institution count; no count is shown here.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Vidyalaxmi portal
  • Marksheets for previous qualifications
  • Institution course-expense schedule
  • Experience certificate, if any
  • Proof of admission
  • and Aadhaar cards for all applicants

Related official documents

PNB Digital Education Loanofficial-product-page · current · accessed 30 Aug 2026
↗
PNB Digital Education Loan — current official product pageofficial-product-page · reviewed · accessed 5 Oct 2026
↗
PNB Education Loans — current official catalogueofficial-product-catalogue · reviewed · accessed 5 Oct 2026
↗
PNB loan application checklist — education and co-applicant sectionsofficial-document-checklist · reviewed · accessed 5 Oct 2026
↗
List of QHEIs eligible under PM Vidyalaxmi scheme along with ROIofficial-institute-rate-list-pdf · incomplete_review · accessed 5 Oct 2026
↗
Services Charges Related to Retail Advances — PNBofficial-service-charge-page · current · accessed 30 Aug 2026
↗
PNB service charges related to retail advances — education-loan rowofficial-fee-schedule · reviewed · accessed 5 Oct 2026
↗
PNB interest rates on advances — current education-loan sectionsofficial-interest-rate-page · reviewed · accessed 5 Oct 2026
↗
Retail Advances — PNB rate tableofficial-rate-table · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹19,158nineteen thousand one hundred fifty-eight rupees
Interest paid over the full loan₹20,97,925twenty lakh ninety-seven thousand nine hundred twenty-five rupees
Everything you repay₹45,97,925forty-five lakh ninety-seven thousand nine hundred twenty-five rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

AAA: named IIMs, IITs, IIFT Delhi, XIM, BITS Pilani, MDI Gurgaon and XLRI · + spread−1.25%

This value is copied from PNB Digital Education Loan — current institute-group rates. Check the table notes before relying on it.

Source: PNB interest rates on advances — Vidyalaxmi section · Vidyalaxmi education-loan rate categories; linked institute-count discrepancy is not reproduced Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 3 columnsPNB Digital Education Loan — current institute-group ratesThe rate page's institute-group rates; institute-name master list is separately linked and remains under a 55-page review.View tableHide table

Scroll sideways to view every column

PNB Digital Education Loan — current institute-group rates
Published institute group+ spreadCurrent rate p.a.
AAA: named IIMs, IITs, IIFT Delhi, XIM, BITS Pilani, MDI Gurgaon and XLRI−1.25%6.85%
Named NITs, MICA, Jain, NMIMS, Symbiosis, IMT, BITS Goa/Hyderabad, IIIT Bangalore and IIFT Kolkata−1.05%7.05%
Named IIIT campuses, Bharathidasan Institute of Management and BIT Ranchi−0.90%7.20%
IIIT Vadodara and its International Campus DIU−0.85%7.25%
Nirma University and 8 constituent colleges−0.75%7.35%
Additional listed institute group (spread −0.15%)−0.15%7.95%
Additional listed institute group (spread −0.50%)−0.50%8.60%
PNB interest rates on advances — Vidyalaxmi section · Vidyalaxmi education-loan rate categories; linked institute-count discrepancy is not reproduced · accessed 5 Oct 2026Open official source ↗
Table 2 · 6 rows · 2 columnsPNB education-loan document checklistPNB's general education and co-applicant checklist. Which items apply depends on scheme, destination and case.View tableHide table

Scroll sideways to view every column

PNB education-loan document checklist
Applicant / caseDocuments or timing condition
StudentPNB-format loan application; passport-size photo; identity/address proof under PNB ; age proof; (if unavailable at sanction, obtain before disbursement); proof of passing the last qualifying examination; admission letter; course prospectus with admission, examination and hostel charges.
Student, where applicableAadhaar where applicable; other information/documents depending on the case and loan purpose.
Studies abroadPhotocopy of passport and visa; visa copy is required before first education-loan disbursement.
Co-applicant/guarantor, as applicablePNB-format application; photo; identity/address and age proof; ; if an existing loan with another lender exists, its last 6 months' account statement and sanction letter.
Government interest-subsidy applicantIncome certificate from the designated State/UT authority, , Form 16 or audited accounts as required by the subsidy scheme.
Property-secured loan, if applicableTitle deed and other documents needed to prove title to the mortgaged immovable property.
PNB loan application checklist — education and co-applicant sections · Education Loan and Co-Applicant/Guarantor sections · accessed 5 Oct 2026Open official source ↗

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