RMGOE

The Punjab and Sindh Bank Education Loan

The Punjab and Sindh is a government-owned bank. Headquarters of Punjab and Sindh bank is at New Delhi, It has 1554 branches spread across the country. Punjab and Sindh bank provide several facilities like Finance, FOREX, Retail Banking, Loan etc.

 

Brief Review

Profile

Description

Name of Bank 

Punjab and Sindh

Founded on

24 June 1908

Headquarter

Rajendra Place New Delhi, India

Type of Bank 

Government Bank

Number of Employees

9403 (2016)

CEO Name

S. Hari Shanker

Maximum Loan Amount 

Rs 30 Lakhs

Timeline for Loan Disposal

Maximum 15 Working days

Annual Revenue

Δ 8,744.34 crore (2016)

Processing Fees

No Processing Fee will be charged

Other Subsidiaries

  • Punjab & Sind Bank
  • Asset Management Arm

Category 

Education Loan in India

 

How to Apply

Online

  • Visit official Web Site of Punjab and Sindh (Click Here)
  • Find the Education Loan Section Apply Now Button
  • Fill online Application Form

Offline

  • Visit the nearest branch of Punjab and Sindh Bank to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.
 

Eligibility

  • The applicant should be an Indian national.
  • Applicant must have secured admission in a Government recognized Educational Institute.
  • The course Selected by Candidate must be supported by a ministry/government organization, an organisation supported by State Skill Mission/Corporation or National Skill Development Corporation.
 

Documents Needed

  • Identity Proof (Applicant and Co-borrower)
  • Residence Proof
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Schedule of expenses for the course
 

Expenses Considered

  • Tuition and course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other instruments.
  • Travel Expenses.
 

Return Policy

  • In the case of Punjab and Sindh education loan, repayment will start after the completion of course period+ 1 year or Moratorium period.
  • Repayment can be done in a maximum of 15 years.
  • Repayment also depends on a scheme of Loan taken by the candidate.
 

Contact Details

Head office 

1st Floor, 21, Rajendra Place, New Delhi-110008

Official website

www.psbindia.com

Apply for Loan 

Click Here

Contact Number

25728987, 25728930

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