Punjab & Sind Bank Education Loan | Education Loan in India | Student Loan in India

Student Loans by Punjab and Sind Bank


Candidate’s Eligibility
Candidates applying for the education loan need to satisfy certain eligibility criteria as specified by the Punjab and Sind Bank

  • Applicants should be Indian Nationals
  • Candidates will be considered eligible if they get admission to various courses through entrance examination or a selection process based on merit.

Courses Eligible for Punjab and Sind Bank Education Loans

There are plenty of courses, which are considered eligible for the Punjab and Sind Bank student loan.

Studies in India

Various graduation, post graduation and professional courses in the areas of Management, Medicine, Dental Science, Veterinary Science, Agriculture and others. Computer certificate courses offered by renowned institutes approved by the Department of Electronics or certified by the University, are also eligible.
IIM, XLRI, IIT -courses, evening courses, regular diploma and degree courses as well as courses like CFA, ICWA, CA are eligible for the Punjab and Sind Bank student loan.
Studies Abroad

Job oriented graduation courses, post graduation courses and courses conducted by CPA-USA and CIMA-London.

Expenses Covered by Punjab and Sind Bank education loans

The education loan offered by Punjab and Sind Bank covers examination fee, tuition fee, expense of educational tours, hostel charges, cost of purchasing books and refundable deposits. The loan also includes travel expenses and passage money of students traveling abroad.

Quantum of Finance

A maximum education loan amount of Rs.7.5 lacs and Rs.15 lacs are offered for studies in India and abroad respectively.


There is no margin for loan amount up to Rs.4 lacs. For education loans above Rs. 4 lacs, the margin is 5% (studies in India) and 15% (studies abroad) respectively.


Punjab and Sind Bank demands various kinds of securities for issuing education loans.
Loans more than Rs.4 lacs- A collateral security
Loans more than Rs. 7.5 lacs- collateral security or guarantee of third party.