| Scheme Name | PNB Concessional Education Loan |
| Target Beneficiaries | Students / Persons with Disabilities (PwDs) |
| Eligibility | Student must have 40% or more disability |
| Disability Proof | Valid Disability Certificate issued by an authority empowered under applicable Central/State/UT Government rules |
| Purpose | Higher education and other eligible education expenses under PNB’s education-loan schemes |
| Study in India | Maximum ₹50 lakh |
| Study Abroad | Maximum ₹50 lakh |
| Loan Amount | Need-based finance, subject to prescribed margin and applicable ceiling |
| Two-Wheeler Expense | Cost of a 2-wheeler up to ₹50,000 can be included within the overall loan ceiling |
| Maximum Repayment Period | 10 years after commencement of repayment |
| Repayment Start | Repayment starts 1 year after completion of the course |
| Interest Rate | 4% p.a. |
| Interest Rate – Up to ₹50 lakh | 4% p.a. for studies in India and abroad |
| Interest During Moratorium | Simple interest is charged during the repayment holiday/moratorium period |
| Interest After Moratorium | Interest is compounded after commencement of repayment |
| Default | In case of default, normal applicable interest plus penal interest is charged, or the concessional rate as specified, whichever is higher |
| UDID Requirement | UDID registration is mandatory irrespective of the loan amount |
| UDID Authority | Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice & Empowerment, Government of India |
| NHFDC Linkage | Repayment period is aligned with the guidelines of the NHFDC scheme |
| Refinance Condition | Loans with repayment beyond the prescribed 10-year ceiling are not eligible for refinance under the scheme |
| Higher Education Concession | No additional rebate/concession in interest rate is available for higher education |
| Processing / Upfront Fee | As per PNB’s applicable charges |
| Documentation Charges | As per PNB’s applicable charges |
| Key Benefit | Eligible PwD students can obtain education finance of up to ₹50 lakh at only 4% p.a. for studies in India or abroad |
| Last Updated | 15 May 2026 |
