Bank of Punjab Student Education Loan Scheme

Eligibility  
You are eligible if you : Are a resident of India.
Have an offer / admission letter / are bonafide student of a college / university in India or abroad.
 
Expenses Covered   
The following expenses can be claimed under the scheme

• Admission / Tuition fee to be payable to College / University / Institution.
• Air fare / Travel Expenses.
• Boarding and Lodging expenses.
• Books and Stationery expenses.
• Instruments / equipment / computer expenses required for the course undertaken.
• Examination / Library / Laboratory fee.
• Any other expense required to complete the course - like study tours, project work, thesis, etc.

 
 
Rate of Interest
 
As applicable from time to time.
 
Repayment Plan
 
 
Repayment of loan starts after studying & moratorium* period and can go up to a maximum of 7 years. 
 
* Moratorium period is a max. of 6 months after course completion or one month after getting a job whichever is earlier. 
 
Documents Required
 
The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.
 

 
NOTE :
1. All loans are at the sole discretion of Centurion Bank of Punjab Ltd.
2. Repayment of Loan through Post Dated Cheques (PDCs).