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
institutions
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)
Tenures:
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.
Contact:
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