Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Interest rateCurrent PNB rate sheet: MCLR + 2.10% (11.50% currently) up to ₹4 lakh; MCLR + 3.10% (12.50%) above ₹4 lakh to ₹7.50 lakh; MCLR + 2.60% (12.00%) above ₹7.50 lakh; and MCLR + 1.10% (10.50%) where 100% tangible collateral is available.View source
The current PNB table publishes spreads and present rates by loan slab and collateral condition.
- Source
- Interest Rate on Retail Advances — PNB
- Page / section
- Education loan — PNB Saraswati
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeNeed-based, subject to the student's and co-obligant's repayment capacity; the FAQ does not publish a universal maximum amount.View source
The official answers maximum amount as need-based and subject to repayment capacity.
- Source
- PNB Saraswati
- Page / section
- Education Loan — PNB Saraswati, maximum amount
- Accessed
- 30 Aug 2026
- Confidence
- high
MarginNil up to ₹4 lakh; 5% above ₹4 lakh. Scholarship/
The publishes nil/5% margin bands and scholarship treatment.
- Source
- PNB Saraswati
- Page / section
- Margin
- Accessed
- 30 Aug 2026
- Confidence
- high
SecurityUp to ₹7.50 lakh: no tangible security and/
The official gives the ₹7.50 lakh security breakpoint.
- Source
- PNB Saraswati
- Page / section
- Security
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNo processing/upfront or documentation charge is published for PNB Saraswati in the reviewed current product communication; confirm any applicable service charge before disbursal.View source
The current PNB education-loan communication states nil processing/upfront/documentation charges for Saraswati/Pratibha; the directs customers to current charges.
- Source
- PNB Saraswati
- Page / section
- Charges and documentation
- Accessed
- 30 Aug 2026
- Confidence
- medium
RepaymentRepayment starts after the repayment holiday/moratorium; outstanding moratorium interest is added to the loan and EMI is determined at commencement. The reviewed catalogue does not publish a single maximum tenure.View source
The official explains repayment after the holiday and capitalization of moratorium interest without a universal tenure number.
- Source
- PNB Saraswati
- Page / section
- Repayment determination
- Accessed
- 30 Aug 2026
- Confidence
- high
Loan typeEducation loanView source
The official product name identifies this as “PNB Saraswati Education Loan”.
- Source
- PNB Saraswati Education Loan — official product page
- Page / section
- Official product name and loan classification
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNot published by PNB for PNB Saraswati; the reviewed rate and charge pages publish interest-rate bands and fee rules, but no APR calculation.View source
The complete and linked rate/charges pages list interest bands, margin, security, repayment and fees but do not publish an figure.
- Source
- PNB Saraswati and retail charges
- Page / section
- Education Loan — PNB Saraswati; charges and interest
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNot published. PNB describes the maximum as need-based and subject to repayment capacity, without a numeric student or co-obligant income threshold.View source
The states any Indian national is eligible and finance is need-based subject to repayment capacity; it gives no minimum income number.
- Source
- PNB Saraswati
- Page / section
- Education Loan — PNB Saraswati, eligibility and maximum amount
- Accessed
- 30 Aug 2026
- Confidence
- high
Prepayment / foreclosureNIL prepayment charges.View source
The PNB education-loan records the prepayment charge as NIL for the scheme.
- Source
- PNB Saraswati
- Page / section
- Education Loan — PNB Saraswati, prepayment charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountEducation finance for meritorious students pursuing higher education in India, with nil margin up to ₹4 lakh and 5% above ₹4 lakh.View source
The manually reviewed product summary states: “Education finance for meritorious students pursuing higher education in India, with nil margin up to ₹4 lakh and 5% above ₹4 lakh.”.
- Source
- PNB Saraswati Education Loan — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkMCLR + 2View source
The manually reviewed product record states: “Current PNB rate sheet: + 2.10% (11.50% currently) up to ₹4 lakh; + 3.10% (12.50%) above ₹4 lakh to ₹7.50 lakh; + 2.60% (12.00%) above ₹7.50 lakh; and + 1.10% (10.50%) where 100% tangible collateral is available.”.
- Source
- PNB Saraswati Education Loan — official product page
- Page / section
- Published product metadata
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Need-based loan subject to repayment capacity
- Nil margin up to ₹4 lakh; 5% above ₹4 lakh
- No tangible security/
third-party guarantee up to ₹7.5 lakh under the route - No processing/upfront/documentation charges published for the scheme
Eligibility
- Any Indian national; parents, grandparents, spouse or parents-in-law may be co-obligants.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Admission letter, qualifying-exam marks, course prospectus/fee details, , income and collateral documents where applicable
Related official documents
Education Loans — PNB official catalogueofficial-product-page · current · accessed 30 Aug 2026
↗PNB Retail Advances Interest Ratesofficial-rate-sheet · current · accessed 30 Aug 2026
↗PNB Saraswati — official FAQofficial-product-page · current · accessed 30 Aug 2026
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