Punjab and Sind Bank Education Loan

The Punjab and Sind Bank Education Loan is a need-based student loan product offered to Indian residents to cover study-related expenses for domestic and foreign study. The scheme includes different sub-products such as Excellence Education Loan for IITs/IIMs/ISB, Skill Education Loan for vocational courses, and standard loans for study in India or abroad. Loan features stated include interest rate ranges, moratorium periods, repayment tenures and collateral requirements for secured loans. The product covers tuition, examination and library fees, books, equipment (laptop), living and travel expenses among other study-related costs.

Covers tuition fees, examination fees, lab/library fees, books, laptop/computer, living expenses, hostel/accommodation costs, food, travel expenses, insurance and other miscellaneous study-related expenses; unsecured Excellence Loan up to ₹20 lakhs for specific institutes; Skill Loan up to ₹150,000.

Applicants should be Indian residents and should have secured admission to a recognised university or eligible course; specific sub-schemes require admission to particular institutes (e.g. IITs, IIMs, ISB Hyderabad).

Applicants are advised to speak to a WeMakeScholars financial officer for details; application is processed through Punjab and Sind Bank (branch or bank's application channels).