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 Punjab National Bank - India (for Education Loan) |
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Bank Name: |
Punjab National Bank |
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Study In: |
India |
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Type of Courses Eligible: |
CA,Commercial Pilot,Diploma/ Degree courses,Graduation courses,LLB,MBA,MBBS,Others,Post Graduation courses |
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Cost Covered: |
Fee payable to College / Hostel, Examination / Library / Laboratory fee, Purchase of books / equipments / instruments, Caution Deposit / Building Fund |
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Moratorium Period: |
Course period + 1 year or 6 months after getting job, whichever is earlier |
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Interest Rate Type: |
Floating |
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Interest Rate: |
11.25 |
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Processing Fee: |
Nil |
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Prepayment Charges: |
Nil |
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Collateral Description: |
upto Rs 4 lakh- Co-Obligation of parents, above Rs 4 lakh & upto Rs 7.5 lakh- Co-Obligation of parents along with 3rd party guarantee , above Rs 7.5 lakh- Co-Obligation of parents along with collateral security of suitable value along with assignment of future income of the student |
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Guarantor Description: |
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Margin: |
5% |
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