Punjab and sind bank
Education loan amount size
On the basis of students repaying the parents loan , the loan is provided.
For the students studying in India maximum amount of upto Rs.7,50,000 will be provided.
For the students studying in abroad , maximum amount of upto Rs.15,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than 4,00,000 Rs – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Till 4,00,000 Rs.
Bank employee: B.B.L.R – 1.00%
Other public: B.B.L.R – 2.00%
More than 4,00,000 Rs.
Bank employee: P.L.R – 0.50%
Other public:B.B.L.R – 1.50%
Way of repaying the loan:
One year after finishing the loan or right from 6th month after joining the job the repayment process is to be started..
No Property guarantor is required till 4,00,000 rs.
From 4,00,000 till 7,50,000 Rs. – Third party’s guarantee is required.
More than 7,50,000 Rs. – parents, student or the third party’s agreeing letter is required assuring the repayment of loan.