Punjab & Sind Bank

Objective of the scheme:

The educational loan scheme outlined below aims at providing financial support from the banking system to deserving and / meritorious students for persuing higher education in India and abroad.


Eligibility Criteria:


I Student Eligibility:

Student should be an Indian National

Secured admission to professional / technical courses in India or abroad through entrance Test / Merit Based Selection process.

II Courses Eligible:


A) Studies in India:

Graduation courses,Post Graduation courses, Professional courses,Courses like ICWA , CA , CFA etc., Courses conducted by IIM, IIT, IISc , XLRI, NIFT, etc.

Other courses leading to diploma / degree etc. conducted by colleges/ universities approved by UGC/ Govt/ AICTE /AIBMS/ ICMR etc.

Courses offered by National Institutes and other reputed private



B) Studies Abroad:

Graduation For job oriented professional/technical courses offered by reputed universities.

Post Graduation MCA,MBA,MS etc.,Courses conducted CIMA-Londin, CPA in USA etc.


Quantum of Finance:

Studies in India - Maximum Rs. 7.50 lacs

Studies abroad - Maximum Rs. 15.00 lacs.


Interest Rate

Up to Rs.4 Lac :

BPLR(-)1.00% (General Public)

BPLR(-)2.25% (Staff)


Above Rs.4 Lac :

BPLR(-)0.50% (General Public)

BPLR(-)1.50% (Staff)



Maximum of 6 years


Repayment :

Repayment holiday/Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier. 

The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time , extension of time for completion of course may be permitted for a maximum period of 2 years.



Delhi Tel: 011-25726939 /23710882

Bangalore Tel:080-22210771,22275629

Chennai Tel: 044-25399170

Hyderaba Tel: 040-23210013,23243970

Kolkata Tel: .033-22306222/22305580

Mumbai Tel: 022-24924607/24960893