| Scheme Name | PNB Udaan Education Loan |
| Objective | To provide financial support to meritorious students pursuing higher education abroad |
| Eligible Applicant | Resident Indian |
| Study Location | Abroad |
| Admission Requirement | Admission to a higher education course in a recognised institution abroad through Entrance Test / Merit-Based Selection after HSC (10+2) or equivalent |
| Eligible Graduation Courses | Job-oriented professional/technical courses offered by reputed foreign universities |
| Eligible Post-Graduation Courses | MCA, MBA, MS, etc. |
| Professional Courses | Courses conducted by CIMA – London, CPA in USA, etc. |
| Government Subsidy Courses | Courses covered under various Government Subsidy Schemes |
| Other Eligible Courses | Degree/Diploma courses such as Aeronautical, Pilot Training, Shipping, etc., if recognised by the competent regulatory bodies abroad for employment abroad |
| Diploma/Certificate Courses | May be considered if backed by 125% liquid security in the form of FDRs/NSCs/surrender value of Life Insurance Policies, along with financial credentials of family members |
| Loan Amount | Need-based finance, subject to applicable margin guidelines |
| Reimbursement | Fees paid within the preceding 6 months may be reimbursed on individual merits |
| Margin – Up to ₹4 lakh | Nil |
| Margin – Above ₹4 lakh | 15% |
| Scholarship / Assistantship | Can be included in margin |
| Margin Contribution | Can be brought in year-to-year on a pro-rata basis along with disbursements |
| Security – Up to ₹7.50 lakh | Parents/guardian as joint borrower(s); no tangible security or third-party guarantee required |
| Security – Above ₹7.50 lakh | Parents/guardian as joint borrower(s) plus tangible collateral security of suitable value acceptable to PNB |
| Eligible Expenses | College/school/hostel fees, examination, library and laboratory fees |
| Insurance | Life insurance premium for student borrower, if applicable |
| Deposits | Caution deposit, building fund and refundable deposit supported by institution bills/receipts |
| Books & Equipment | Books, equipment, instruments and uniforms |
| Computer | Computer purchase at reasonable cost if required for completion of the course |
| Other Course Expenses | Study tours, project work, thesis and other expenses required to complete the course |
| Personal Living Expenses | Covered |
| Two-Wheeler Cost | Covered |
| Maximum Repayment Period | 15 years |
| Moratorium | Course period + 1 year |
| Prepayment Charges | Nil |
| Rate of Interest | As per PNB’s prevailing education-loan interest-rate structure |
| Processing / Upfront Fee | As per PNB’s prevailing applicable charges |
| Documentation Charges | As per PNB’s prevailing applicable charges |
| Key Benefit | Education financing for higher studies abroad, with nil margin up to ₹4 lakh and collateral-free financing up to ₹7.50 lakh |
| Important Note | These are the salient features published by PNB; final sanction and applicable rates/charges are subject to PNB’s rules and branch assessment. |
| Last Updated | 07 February 2025 |
