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`PNB HONHAAR` Education Loan Scheme

`PNB HONHAAR` Education Loan Scheme for pursuing Higher Education and Skill Development courses in Delhi
Objective The Scheme aims at providing financial support for pursuing higher education in Delhi
Purpose
  • Fee payable to college/ school/ hostel
  • Examination/ Library/ Laboratory fee
  • Insurance premium for student borrower
  • Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts
  • Purchase of books/ equipment / instruments / uniforms
  • Purchase of computer at reasonable cost, if required for completion of the course
  • Any other expense required to complete the course - like study tours, project work, thesis, etc
  • While computing the loan required, scholarships, fee waiver etc., if any available to the student borrower may be taken into account.
  • If the scholarship component is included in the loan assessment, it may be ensured that the scholarship amount gets credited to the loan account when received from the Government.
Eligibility
  • Should be an Indian national.
  • Students who wish to pursue diploma or degree or Specified skill development courses in Delhi and have done their Class-X and Class –XII from Delhi are eligible under this Scheme
  • The student should have secured admission to a higher education course or specified Skill development courses (diploma or degree including bachelors, Masters and Doctoral Degree) in recognized institutions in Delhi through Entrance Test/ Merit Based Selection process after completion of Secondary Examination/ Senior Secondary Examination/ required qualifying examination.
Quantum of Finance Need Based finance to meet expenses on course subject to Max Rs 10.00 lacs
Margin NIL
Security Parent(s)/guardian as joint borrower.No tangible Security and /or 3rd party guarantee is required.
Repayment (Maximum) Max 15 years
Repayment Holiday/ Moratorium Course period + 1 year
Prepayment Charges NIL
Rate of Interest Click Here
Processing Charges/ Upfront fee Click Here
Documentation Charges Click Here

Above are only salient features of the scheme. For details please contact nearest branch

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