PNB Udaan Education Loan for Abroad Studies
पीएनबी उड़ान विदेश शिक्षा ऋण योजना
Specialized overseas study loan by PNB offering up to ₹1 Crore for postgraduate, STEM, and management studies abroad with 15-year repayment tenure.
Max Loan Amount
Up to ₹7.5 Lakh (No Collateral) / Up to ₹1 Crore (With Tangible Security)
Interest Rate
8.80% – 10.40% p.a. (RLLR-linked with concessions for top QS universities)
Moratorium Period
Course duration + 1 year
Repayment Tenure
Up to 15 years
✦ What the Loan Covers (Eligible Expenses)
Tuition fees, overseas accommodation/dormitory charges, mandatory health insurance, visa fees, airfare (return economy ticket), and equipment.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
15% margin money must be proven and deposited prior to disbursement; currency conversion fluctuation risks are borne entirely by the borrower; property mortgaged as collateral must have clear marketable title vetted by bank's empanelled advocate; visa rejection cancels sanction.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
Nil up to ₹7.5 Lakh; 100% tangible security (land/building/fixed deposits/LIC policies) required for amounts exceeding ₹7.5 Lakh.
Margin Money (Borrower Contribution):
15% for all overseas loans. Scholarship amount can be factored into margin money.
✦ Eligibility Requirements
Indian national who has secured admission to higher professional, technical, or post-graduate degree/diploma courses offered by reputed foreign universities.
✦ Government Subsidies & Rate Concessions
Eligible for Dr. Ambedkar Central Sector Scheme interest subsidy for OBC/EBC students studying overseas.
✦ Required Documents Checklist
CELAF form, I-20 / CAS / COE admission confirmation document, GRE/GMAT/IELTS/TOEFL scorecard, valid Passport with copy, parent/sponsor KYC & income tax returns for past 2 years, valuation and legal scrutiny report of collateral property.
✦ How to Apply Step-by-Step
1. Fill CELAF on Vidya Lakshmi choosing PNB Udaan.
2. Submit admission offer and I-20 copy.
3. Provide property documents for legal and valuation assessment.
4. Branch issues Sanction Letter necessary for Visa processing.
5. Disbursal directly to foreign university via SWIFT transfer.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
Can PNB Udaan be sanctioned before receiving student visa?▼
Yes. PNB issues an in-principle sanction letter that can be submitted to foreign embassies as proof of funds to obtain student visa. Final disbursement occurs after visa is stamped.
What is the margin required for PNB Udaan?▼
A margin of 15% is required for loans sanctioned under PNB Udaan. Any scholarship or fellowship secured by the student can be counted towards the margin.
Does PNB Udaan cover living expenses abroad?▼
Yes, boarding, lodging, books, study material, and international student health insurance are covered up to realistic limits.