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Education Loan Scheme - `PNB Kaushal`

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Education Loan Scheme for pursuing Vocational Education & Training
Objective

The Scheme PNB Kaushal aims at providing financial support forpursuing skill development courses.

Students who secure admission in: Skill development courses of no minimum course duration;

Purpose

Tuition/ course fee.

Examination/ Library/ Laboratory fee.

Caution deposit.

Purchase of books, equipments and instruments.

Any other reasonable expenditure found necessary for completion of thecourse.

Eligibility

Should be an Indian national.

Student should have secured admission in a course run by IndustrialTraining Institutes (ITIs), Polytechnics or in a school recognizedby central or State education Boards or in a college affiliated torecognized university, training partners affiliated to National SkillDevelopment Corporation (NSDC)/Sector Skill Councils, State SkillMission, State Skill Corporation, preferably leading to a certificate /diploma / degree issued by such organization as per National SkillQualification Framework (NSQF).

Quantum of Finance

Need Based finance to meet expenses on course subject to the followingceilings:

Minimum Rs.5000/-

Maximum Rs 1,50,000/-

Margin NIL
Security Parent(s)/guardian as joint borrower.No collateral or third party guarantee is required.
Repayment (Maximum)

For Loans upto ? 50,000 - Upto 3 years.

For Loans between ? 50,000 to ? 1 lakh - Upto 5 years

For Loans above ? 1 lakh - Upto 7 years

Repayment Holiday/ Moratorium

For courses of duration upto 1 year - 6 months from the completion ofthe course.

For courses of duration above 1 year - 12 months from the completion ofthe courses.

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

Apply Online Application : Click Here

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