Education Loan in Bank of Punjab ( BOP )

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Education Loan in Bank of Punjab ( BOP )

Name of the loan : BOP Bank of Punjab Education Loan.

Purpose of the Bank of Punjab Loan

To cover the cost of education in world class universities.

Eligibility for Educational Loan in Bank of Punjab

The individual must be an Indian citizen, aged 18years and above and must have secured admission to a particular course in a particular educational institution.

Education Loan Amount in Bank of Punjab

₹ 7.5 lacs for studies in India and ₹ 15 lacs for studies abroad

Interest rate for Educational Loan in Bank of Punjab

Upto ₹ 4 lacs : 12.5% ( PLR ) Above ₹ 4 lacs : 12.5% plus 0.5 %which is presently 13%.

Repayment of Education Loan in Bank of Punjab

Education Loan repayment can commence 6months after completion of the course or one month after getting employment, whichever is earlier.

JEE Main

Application Form Submission 16 Dec 2020 to 16 Jan 2021.