PNB Education Loan (Saraswati / Pratibha)

PNB offers collateral-free education loans up to ₹7.5 Lakhs under the CGFSEL government guarantee scheme. For loans up to ₹40 Lakhs at premier institutions under the Pratibha scheme (IIT, IIM, AIIMS, NIT, BITS Pilani, ISB), no tangible collateral is required — only a third-party guarantee from the co-applicant. For all other loans above ₹7.5 Lakhs, PNB requires collateral: residential property (LTV 80–90%), fixed deposits with PNB (LTV 95%), LIC endowment policies with surrender value, government bonds, or NSCs. PNB's empanelled valuers complete property valuation in 10–15 working days. Properties accepted include residential apartments, independent houses, and commercial property (with reduced LTV). Agricultural land and ancestral property without clear title chain are not accepted.

PNB's Saraswati scheme covers loans for studies at any UGC-recognised university in India and any institution recognised by the destination country's accreditation body for studies abroad — meaning PNB has one of the most inclusive approved lists among PSU banks. The Pratibha scheme provides preferential terms (0.50% rate concession) for premier institutions: all IITs, IIMs (including baby IIMs), NITs, IIITs, BITS Pilani, AIIMS Delhi and new AIIMS, XLRI, ISB, FMS Delhi, MDI Gurgaon, SPJIMR, NLSIU, NLU Delhi, JIPMER, and equivalent. For abroad studies, PNB covers most universities in their global approved list (about 4,000 institutions), with the highest unsecured limits applying to QS Top 200. Coverage includes UG, PG, professional courses (CA, CS, ICWA), and select diploma programs from recognised institutions.