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PNB Udaan Scheme: Rates, Eligibility, and How It Works

Udaan is Punjab National Bank's study-abroad education loan scheme. Its headline offer is a fixed rate for students admitted to one of 50 top-ranked universities worldwide — here's the rate structure, the full list, and how it compares.

Written by Deepak Agrawal, Founder & CEO, FundMyCampus · MBA, IIM BangaloreReviewed by Ashmita Agarwal, Senior Education Loan Counsellor, FundMyCampusUpdated on

Quick answer

  • 50 listed universities: fixed 8.35%, with collateral.
  • Other top universities: from 8.7%, negotiable.
  • Other universities: 9%–9.3%.
  • Any destination — the listed universities span 13 countries.

PNB Udaan interest rates

PNB Udaan rates by university tier
Your universityInterest rateCollateral
On PNB's 50-university list8.35% fixedRequired
Other top universitiesFrom 8.7% (negotiable)Required
Other universities9% – 9.3%Required

Rates as of October 2026. The final offer depends on your profile and the collateral offered.

A fixed rate means your EMI is known in advance. Most other education loans in India are floating — they move when the RBI repo rate changes. Here's what each tier costs on a ₹50 Lakh loan repaid over 10 years:

EMI at each PNB Udaan rate tier
TierRateMonthly EMITotal interest
Listed university (fixed)8.35%₹61,592₹23,91,093
Other top university8.7%₹62,529₹25,03,474
Other university (upper end)9.3%₹64,153₹26,98,304

Try other amounts and include the moratorium in the education loan EMI calculator.

The 50 universities on PNB's Udaan list

Admission to any of these universities qualifies for the fixed 8.35% rate. The list covers 13 countries, led by the USA and the UK.

PNB Udaan fixed-rate universities
UniversityCountryUniversityCountry
1. University of OxfordUnited Kingdom26. Northwestern UniversityUnited States
2. Harvard UniversityUnited States27. University of WashingtonUnited States
3. University of CambridgeUnited Kingdom28. Carnegie Mellon UniversityUnited States
4. Stanford UniversityUnited States29. University of EdinburghUnited Kingdom
5. Massachusetts Institute of TechnologyUnited States30. Technical University of MunichGermany
6. California Institute of TechnologyUnited States31. University of Hong KongHong Kong
7. Princeton UniversityUnited States32. University of California, San DiegoUnited States
8. University of California, BerkeleyUnited States33. LMU MunichGermany
9. Yale UniversityUnited States34. University of MelbourneAustralia
10. Imperial College LondonUnited Kingdom35. King's College LondonUnited Kingdom
11. Columbia UniversityUnited States36. Nanyang Technological UniversitySingapore
12. ETH ZurichSwitzerland37. London School of Economics and Political ScienceUnited Kingdom
13. The University of ChicagoUnited States38. Georgia Institute of TechnologyUnited States
14. University of PennsylvaniaUnited States39. The University of TokyoJapan
15. Johns Hopkins UniversityUnited States40. University of British ColumbiaCanada
16. Tsinghua UniversityChina41. École Polytechnique Fédérale de LausanneSwitzerland
17. Peking UniversityChina42. KU LeuvenBelgium
18. University of TorontoCanada43. Universität HeidelbergGermany
19. National University of SingaporeSingapore44. Monash UniversityAustralia
20. Cornell UniversityUnited States45. Chinese University of Hong KongHong Kong
21. University of California, Los AngelesUnited States46. McGill UniversityCanada
22. UCL (University College London)United Kingdom47. Paris Sciences et Lettres – PSL Research University ParisFrance
23. University of Michigan-Ann ArborUnited States48. University of Illinois at Urbana-ChampaignUnited States
24. New York UniversityUnited States49. Karolinska InstituteSweden
25. Duke UniversityUnited States50. University of Texas at AustinUnited States

How Udaan compares

Compare Udaan with every other lender — rates, collateral, co-applicant rules and countries — in our study abroad education loan comparison, or see education loan interest rates at every bank. For PNB's regular education loans, see our PNB education loan guide.

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PNB Udaan Scheme — FAQs

Straight answers to the questions students ask us most

PNB Udaan has three tiers, all with collateral: a fixed 8.35% at the 50 universities on PNB's list, from 8.7% (negotiable) at other top universities, and 9%–9.3% at other universities.
The list has 50 globally top-ranked universities across 13 countries — including Oxford, Harvard, Cambridge, Stanford, MIT, Imperial College London, ETH Zurich and the National University of Singapore. The full list is on this page.
Yes. The Udaan rates above are for loans with collateral. If you can't offer collateral, look at SBI (from 9.2% without collateral at highly ranked universities), HDFC Credila (from 9.7%) or Avanse Global (from 12%, no collateral at all).
At a listed university, Udaan's fixed 8.35% is lower than SBI's 8.65% collateral rate and HDFC Credila's 9.7%. At other universities, SBI's rate is similar or lower. See our full lender comparison for collateral and co-applicant rules side by side.

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