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PNB Saraswati Education Loan

Education loan for higher education in India. Current floating rates are 8.10%–10.10% p.a. for the listed medical, collateral-backed and CGFSEL routes; the student and security conditions determine the applicable band.

Interest rateMedical loans above ₹7.50 lakh with minimum 100% collateral: 8.10% p.a. (RLLR+BSP). Other loans with minimum 100% collateral: 9.35% p.a. floating for non-female students or 8.85% for female students; fixed rates are 10.35%/10.85% and 9.85%/10.35% respectively for up to 10 years/above 10 years. Loans up to ₹7.50 lakh covered by CGFSEL: 10.10% p.a. floating for non-female students or 9.60% for female students; fixed rates are 11.10%/11.60% and 10.60%/11.10% respectively by tenure.TenureMaximum repayment period up to 15 years; the repayment holiday is the course period plus 1 year.Processing feeStudies in India: NIL processing/upfront fee and NIL documentation charge under PNB's current retail-advance schedule.
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Quick eligibility check

PNB Saraswati Education Loan

0 of 6 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.

1Do you meet this requirement: Indian national admitted to an eligible higher-education course in India?

Published source: Eligibility

2Do you meet this requirement: PNB lists parents, grandparents, spouse or parents-in-law as possible co-obligants?

Published source: Eligibility

3Do you meet this requirement: Any Indian national admitted to an eligible higher-education course?

4Do you meet this requirement: the published FAQ lists parents, grandparents, spouse and parents-in-law as possible co-obligants?

5Document checkDo you have this required document or proof: PNB's general education-loan checklist: bank-format application, photograph, student identity/address and age proof, PAN (before disbursement if unavailable at sanction), qualifying-exam pass proof, admission letter and course prospectus with fees?

Published source: Eligibility

6Document checkDo you have at least one of these required documents: Aadhaar where applicable; co-applicant/guarantor documents and other case- or purpose-specific papers where applicable?

Published source: Eligibility
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 5 Oct 2026 · active
Offered byPunjab National Bank

India; applications through Vidya Lakshmi and PNB channels

Key facts

What the official sources publish

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

MarginNil up to ₹4 lakh; 5% above ₹4 lakh. Scholarship/assistantship is included in margin and may be brought year-to-year pro rata.View source
The publishes nil/5% margin bands and scholarship treatment.
Source
PNB Saraswati
Page / section
Margin
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
SecurityUp to ₹7.50 lakh: no tangible security and/or third-party guarantee; parent/guardian is joint borrower. Above ₹7.50 lakh: tangible collateral of suitable value is required.View source
The official gives the ₹7.50 lakh security breakpoint.
Source
PNB Saraswati
Page / section
Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeStudies in India: NIL processing/upfront fee and NIL documentation charge under PNB's current retail-advance schedule.View source
Education Loan: For Studies in India — NIL processing fees and NIL documentation charges.
Source
PNB Services Charges Related to Retail Advances — current schedule
Page / section
Education Loan
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
TenureMaximum repayment period up to 15 years; the repayment holiday is the course period plus 1 year.View source
Maximum upto 15 years; course period + 1 year.
Source
PNB Saraswati Education Loan — current page
Page / section
Repayment (Maximum); Repayment Holiday/ Moratorium
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
Loan typeEducation loanView source
The official product name identifies this as “PNB Saraswati Education Loan”.
Source
PNB Saraswati Education Loan — official product page
Page / section
Official product name and loan classification
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNIL prepayment charges.View source
The PNB education-loan records the prepayment charge as NIL for the scheme.
Source
PNB Saraswati
Page / section
Education Loan — PNB Saraswati, prepayment charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndian national admitted to an eligible higher-education course in India. PNB lists parents, grandparents, spouse or parents-in-law as possible co-obligants.View source
The product page and linked current identify the eligible student and permitted co-obligants.
Source
PNB Saraswati Education Loan — current official page
Page / section
Eligibility; co-obligant
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Geographic limitsIndian national admitted to an eligible higher-education course in India. PNB lists parents, grandparents, spouse or parents-in-law as possible co-obligants.View source
The manually reviewed product record states: “Indian national admitted to an eligible higher-education course in India. PNB lists parents, grandparents, spouse or parents-in-law as possible co-obligants.”.
Source
PNB Saraswati Education Loan — official product page
Page / section
Published product metadata
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateMedical loans above ₹7.50 lakh with minimum 100% collateral: 8.10% p.a. (RLLR+BSP). Other loans with minimum 100% collateral: 9.35% p.a. floating for non-female students or 8.85% for female students; fixed rates are 10.35%/10.85% and 9.85%/10.35% respectively for up to 10 years/above 10 years. Loans up to ₹7.50 lakh covered by CGFSEL: 10.10% p.a. floating for non-female students or 9.60% for female students; fixed rates are 11.10%/11.60% and 10.60%/11.10% respectively by tenure.View source
Current page states 8.10% for the specified medical/collateral route, 9.35%/8.85% floating collateral-backed rates, and 10.10%/9.60% floating CGFSEL rates, with fixed-rate terms by tenure.
Source
PNB interest rates on advances — Saraswati section
Page / section
Education Loan for Study in India: PNB Saraswati; current rate table
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Floating-rate benchmarkRLLR + BSPView source
The floating-rate entry is expressed as +; the previous value had an erroneous numeric suffix and is replaced with the formula only.
Source
PNB interest rates on advances — Saraswati section
Page / section
Education Loan for Study in India: PNB Saraswati; current rate table
Accessed
5 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Need-based finance for eligible course expenses
  • Nil margin up to ₹4 lakh; 5% above ₹4 lakh
  • No tangible security or third-party guarantee up to ₹7.50 lakh under the published Saraswati terms
  • Repayment up to 15 years, with course period + 1 year moratorium
  • Nil processing and documentation charges for studies in India

Eligibility

  • Any Indian national admitted to an eligible higher-education course; the published lists parents, grandparents, spouse and parents-in-law as possible co-obligants.

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

Documents the bank lists

  • PNB's general education-loan checklist: bank-format application, photograph, student identity/address and age proof, (before disbursement if unavailable at sanction), qualifying-exam pass proof, admission letter and course prospectus with fees.
  • Aadhaar where applicable; co-applicant/guarantor documents and other case- or purpose-specific papers where applicable.

Related official documents

Education Loans — PNB official catalogueofficial-product-page · current · accessed 30 Aug 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
↗
PNB education-loan FAQ — current official pageofficial-faq · reviewed · accessed 5 Oct 2026
↗
PNB Services Charges Related to Retail Advances — current scheduleofficial-fee-schedule · current · accessed 12 Sept 2026
↗
PNB Retail Advances — current Saraswati and Udaan rate matricesofficial-interest-rate-page · current · accessed 12 Sept 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
↗
PNB Retail Advances Interest Ratesofficial-rate-sheet · current · accessed 30 Aug 2026
↗
PNB Saraswati Education Loan — current pageofficial-product-page · current · accessed 12 Sept 2026
↗
PNB Saraswati Education Loan — current official product pageofficial-product-page · reviewed · accessed 5 Oct 2026
↗
PNB Saraswati — official FAQofficial-product-page · 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₹21,067twenty-one thousand sixty-seven rupees
Interest paid over the full loan₹25,56,046twenty-five lakh fifty-six thousand forty-six rupees
Everything you repay₹50,56,046fifty lakh fifty-six thousand forty-six 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.

PNB Saraswati · Study destination / audienceHigher education in India

This value is copied from PNB education loans — current published rates and key terms. Check the table notes before relying on it.

Source: PNB current education rate table, product scheme pages and retail-advance charge schedule · Saraswati, Pratibha and Udaan rate rows; linked scheme and education-fee terms Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 3 rows · 5 columnsPNB education loans — current published rates and key termsCurrent official PNB education rate groups, margins/security and the relevant education-charge route. Institute- or borrower-specific conditions are kept in the cells.View tableHide table

Scroll sideways to view every column

PNB education loans — current published rates and key terms
ProductStudy destination / audienceCurrent interest-rate bandsMargin / securityPublished charges / finance
PNB SaraswatiHigher education in India8.10% medical route above ₹7.50 lakh with 100% collateral; otherwise 9.35%/8.85% floating when fully collateralized; CGFSEL up to ₹7.50 lakh: 10.10%/9.60% floating. Fixed bands depend on student category and tenure.Nil margin up to ₹4 lakh; 5% above. No tangible security/third-party guarantee up to ₹7.50 lakh; suitable tangible collateral above.Need-based course finance; India processing and documentation charges NIL.
PNB PratibhaListed premier institutes/programmes in IndiaFor loans above ₹7.50 lakh: floating 6.95%, 7.25% or 7.85% by institute group; fixed rates 7.95%–9.35% by group and tenure.Margin is linked to institute/course Annexure A/B; no universal scheme-wide percentage is stated on the product page. Parents/guardian are joint co-borrowers.Need-based finance subject to repayment capacity and institute terms; India processing and documentation charges NIL.
PNB UdaanEligible higher education abroad8.10% medical/top-50 routes; other fully collateralized routes 9.35%/8.85% floating; CGFSEL up to ₹7.50 lakh 10.10%/9.60% floating. Fixed bands depend on student category and tenure.Nil margin up to ₹4 lakh; 15% above. No tangible security/third-party guarantee up to ₹7.50 lakh; suitable collateral above.Need-based course finance; studies-abroad processing fee 1%, minimum ₹10,000, refundable after first disbursement.
PNB current education rate table, product scheme pages and retail-advance charge schedule · Saraswati, Pratibha and Udaan rate rows; linked scheme and education-fee terms · accessed 5 Oct 2026Open official source ↗
Table 2 · 6 rows · 5 columnsPNB Saraswati and Udaan — current education-loan rate bandsCurrent floating and fixed rates by medical/institute band, collateral, student category and amount.View tableHide table

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PNB Saraswati and Udaan — current education-loan rate bands
BandSaraswati floatingSaraswati fixedUdaan floatingUdaan fixed
Medical MBBS/MD/MS/PG above ₹7.50 lakh; minimum 100% collateral8.10% (+)—8.10% (+)—
100% collateral; non-female student9.35%10.35% up to 10 years; 10.85% above 10 years9.35%10.35% up to 10 years; 10.85% above 10 years
100% collateral; female student8.85%9.85% up to 10 years; 10.35% above 10 years8.85%9.85% up to 10 years; 10.35% above 10 years
CGFSEL-covered loan up to ₹7.50 lakh; non-female student10.10%11.10% up to 10 years; 11.60% above 10 years10.10%11.10% up to 10 years; 11.60% above 10 years
CGFSEL-covered loan up to ₹7.50 lakh; female student9.60%10.60% up to 10 years; 11.10% above 10 years9.60%10.60% up to 10 years; 11.10% above 10 years
Top 50 institute; minimum 100% collateral (Udaan-specific)——8.10%9.10% up to 10 years; 9.60% above 10 years
PNB current Saraswati and Udaan interest-rate sections · Saraswati and Udaan education-loan rate tables · accessed 5 Oct 2026Open official source ↗
Table 3 · 5 rows · 3 columnsPNB education-loan repayment and chargesCurrent repayment terms from the Saraswati and Udaan pages; education charges from PNB's current retail-advance schedule. A blank cell means the schedule gives no separate charge for that route.View tableHide table

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PNB education-loan repayment and charges
RulePNB Saraswati (India)PNB Udaan (abroad)
Maximum repaymentUp to 15 yearsUp to 15 years
Repayment holidayCourse period + 1 yearCourse period + 1 year
PrepaymentNILNIL
Processing/upfront feeNIL1% of loan amount; minimum ₹10,000; refundable after first disbursement
Documentation chargeNIL
PNB Saraswati and Udaan pages; current retail-advance charge schedule · Education Loan charge table (studies in India/abroad); repayment, moratorium and prepayment sections · accessed 5 Oct 2026Open official source ↗
Table 4 · 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

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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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