PNB Saraswati Education Loan
Punjab National Bank's Saraswati scheme offers education loans for higher studies at recognised Indian institutions with rates from 6.85% p.a. The scheme covers UG/PG courses at premier institutes including IIMs, IITs, NIFT, and NID.
Last checked on September 1, 2026. We may earn a commission when you click through.
PNB Saraswati Education Loan
Updated 13 days agoAPR
6.85–11.6%
Amount
₹100,000–₹5,000,000
Term
12–180 mo
Requirements
Resident Indian
Admission through entrance test or merit-based selection
Decision
7-14 business days
Rate Lock
Our Verdict
PNB's Saraswati scheme offers some of the lowest education loan rates in India at 6.85% p.a. for premier institutes. The 0.50% concession for female students and nil processing fees are genuine advantages. However, the scheme is heavily focused on merit-based admissions and may not suit students at non-premier institutions.
Best For
Merit-based students admitted to premier Indian institutions (IITs, IIMs, NIFT, NID, IISc) who want rock-bottom PSU rates and don't mind the paperwork.
Watch Out
The 6.85% rate is for secured loans above ₹7.5 lakh only. Unsecured loans (up to ₹7.5 lakh) come at 9.90%. Management quota admissions are considered case-by-case. Branch service quality varies significantly.
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About this mortgage
Punjab National Bank's Saraswati scheme offers education loans for higher studies at recognised Indian institutions with rates from 6.85% p.a. The scheme covers UG/PG courses at premier institutes including IIMs, IITs, NIFT, and NID.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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