Punjab & Sind Bank Education Loan has various benefits for meritorious students. The loan can be availed by any deserving student for higher studies in India or abroad. The loan can be availed for numerous regular and skilled based courses, however the bank does not provide loan for correspondence courses. Punjab & Sind Bank Education Loan can be availed through the banks hassle free procedure and easy documentation process and has been successful in providing the much needed assistance to all those students who have not been able to qualify for a full time scholarship program due to scores or financial problem.

Punjab & Sind Bank Education Loan Interest Rate:

The Punjab & Sind Bank Education Loan interest rate is competitive and attractive and can be availed for study in India and abroad.

Punjab & Sind Bank Education Loan rate is based on Base Rate or a minimum floor rate which is subject to change and ranges between 10.75% for girls and 11.25% for boys. Most students looking for Bank finance for higher education find Punjab & Sind Bank Education Loan interest rate competitive and affordable for repayment. The Bank also provides a 0.50% discount for female students and 1% discount for students of IIT? and IIMs etc.

Punjab & Sind Bank Education Loan Eligibility And Expenses Covered:

Punjab & Sind Bank Education Loan can be availed by any resident Indian. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

B.A., B.Com, B.Sc, Masters and P.hd, Engg., Medical, Agriculture, Medicine, Law etc.

• ·ICWA
• ·CA, CFA
• ·IIM
• ·IIT, XLRI, NIFT, IISc
• ·Skill Development courses

Punjab & Sind Bank Education Loan rate is also offered for courses by UGC/Govt./AICTE/ICMR programs that qualify for Punjab & Sind Bank Education Loan eligibility. Correspondence courses do not qualify.

The loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For Punjab & Sind Bank Education Loan Interest Rate And Eligibility Are:

1For Punjab & Sind Bank Education Loan eligibility the candidate should be an Indian National.

2Admission to technical courses in India is possible through Punjab & Sind Bank Education Loan eligibility.

3A co-applicant is required for full time courses.

4The maximum loan for studies in India is at the maximum is Rs.10 lacs

5The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The expenses covered under the loan is

1. College Fee

2Hostel and Library charges

3Money to go abroad

4Money for Study tours, Project work, Computer etc.

Punjab & Sind Bank Education Loan Review And Documentation:

According to the Punjab & Sind Bank Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

Punjab & Sind Bank Education Loan Review And Documentation For The Salaried Co- Borrower:

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

Punjab & Sind Bank Education Loan Review And Documentation For The Self Employed Individual:

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

Punjab & Sind Bank Education Loan Review And Application Procedure:

Punjab & Sind Bank Education Loan application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch. The loan will be disbursed in installments to the college or institute directly.

Punjab & Sind Bank Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 5 to 7 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. Check with your nearest branch for pre closure charges or late fee charges.

Punjab & Sind Bank Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Punjab & Sind Bank Education Loan eligibility and Punjab & Sind Bank Education Loan Rate etc. are on the official site at

http://www.psbindia.com/education.php