Education Loan: Studying abroad is a dream that excites almost every student, but the moment families calculate tuition fees, living costs, and travel expenses, that dream suddenly feels far away. Not every parent has the savings to cover ₹20 or 30 lakh at once. That’s where Punjab National Bank’s Udaan Education Loan steps in like a real support system, making sure money doesn’t stand between you and your future.
What Makes Udaan Education Loan Special
Unlike regular loans, PNB Udaan is designed specifically for students heading abroad. It covers more than just tuition expenses like exam fees, books, hostel charges, laptops, and even travel tickets are included. And here’s the big relief repayment doesn’t start while you are studying. The bank allows you to focus on your education first, and once the course is over, only then the EMI journey begins.
Read more: CIBIL Score: What Should Be Your CIBIL Score to Get a ₹20 Lakh Loan?
How Much Loan Can You Get?
The amount you can borrow depends on your university and course. For many students, the bank approves up to ₹7.5 lakh without asking for collateral. But if your education costs are higher say ₹20 lakh or more you can still get the loan by providing collateral security like property or fixed assets.
| Loan Category | Loan Amount | Margin Money | Interest Rate (Approx) | Repayment Period |
|---|---|---|---|---|
| Without Collateral | Up to ₹7.5 lakh | 15% | Around 9% – 11% | Up to 15 years |
| With Collateral | Above ₹7.5 lakh (up to ₹1 crore) | 15% | Around 9% – 11% | Up to 15 years |
So whether you’re planning a short course abroad or a full-time professional degree, this scheme has a space for you.
Who Can Apply for the Loan
The loan is open to any Indian student who has secured admission into a recognized foreign university or institute. Admission can be based on merit or an entrance exam, but proof of selection is necessary. Parents are taken in as co-borrowers, ensuring repayment responsibility is shared. Imagine a student who secures admission to a master’s program in the UK. With the admission letter, fee structure, and documents in hand, he or she can approach PNB for Udaan loan approval making the impossible suddenly feel possible.
The Application Process
Applying is straightforward. Students can walk into their nearest PNB branch or apply through the bank’s online portal. You’ll need your admission letter, fee details, academic records, ID proofs, and your parents’ income documents. Once the bank verifies the course and repayment capacity, the loan is sanctioned. The beauty of this process is its simplicity. It doesn’t feel like a long bureaucratic battle; instead, it feels like the bank is walking alongside you toward your future.
Why Families Trust Udaan
When it comes to something as delicate as a child’s education, families don’t want uncertainty. PNB Udaan gives them confidence with a repayment period of up to 15 years. That means when the student finally starts earning, the EMI burden doesn’t crush their early career. It’s not just a loan it’s a bridge between a dream and reality. For many students, it truly feels like their dreams of studying abroad have been given wings.
Conclusion
PNB Udaan Education Loan is more than a financial product — it’s a lifeline for families who want to see their children studying abroad without worrying about money. With easy approvals, flexible repayment, and coverage of almost every expense, this scheme makes foreign education possible for thousands of students. If you’re planning to study overseas, this could be the step that turns your dream into a real journey.
Disclaimer
This article is meant only for educational and general knowledge purposes. Loan amounts, interest rates, and terms may vary depending on bank policy and government guidelines. Please check with Punjab National Bank’s official sources or consult directly with the bank before applying.
