PUNJAB NATIONAL BANK RAD CIRCULAR No 54/2016

RETAIL ASSETS DIVISION, HEAD OFFICE:

ATMARAM HOUSE, 1- TOLSTOY MARG; NEW DELHI
Phone: 011-23325066; Fax: 011-23357898
Email: [email protected]

Date: 10.08.2016

In supersession of
GIST
RAD Circular 07/2015 dated 17.01.2015 PNB UDAAN
RAD Circular 111/2015 dated 04.12.2015 Education Loan Scheme For pursuing
RAD Circular 29/2016 dated 02.05.2016 Higher Studies abroad Consolidated
RAD Circular 38/2016 dated 16.06.2016
RAD Circular 40/2016 dated 28.06.2016
Guidelines

TO ALL OFFICES

RETAIL ASSETS DIVISION CONSOLIDATED CIRCULAR NO. 54 / 2 0 1 6

PNB UDAAN
Education Loan Scheme for pursuing Higher studies abroad
CONSOLIDATED GUIDELINES

Detailed Guidelines regarding PNB UDAAN- Education Loan Scheme for

pursuing Higher Studies Abroad have been issued vide RAD Circular No. 111/2015
dated 04.12.2015 and subsequent Circulars issued on the subject from time to time.

2. To obviate frequent references, the instructions advised through aforesaid

Circulars have been consolidated and are available as at Annexure- I.

3. All concerned are advised to go through the guidelines carefully and ensure
meticulous compliance of the same.

(Naveen Kumar)
General Manager

Encl: AA
Index: Education Loan Scheme- PNB UDAAN
 Annexure- I

'PNB UDAAN'
Education Loan Scheme for pursuing Higher Education abroad

1. Objective

The Education Loan Scheme PNB UDAAN aims at providing financial support to
meritorious students for pursuing higher education abroad. The main emphasis
is that a meritorious student is provided with an opportunity to pursue education
with the financial support from the banking system with affordable terms and
conditions.

2. Eligibility Criteria

2(i) Student eligibility

a) Should be an Indian National.

b) Should have secured admission to a higher education course in recognized

institutions abroad through Entrance Test/ Merit Based Selection process
after completion of HSC(10 plus 2 or equivalent). However, entrance test
or selection purely based on marks obtained in qualifying examination may
not be the criterion for admission to some of the post graduate courses or
research programmes.

Sanctioning Authority shall take a decision as per Note for ascertaining

eligibility criteria given below.

c) While considering the Eligibility

i) Where the student has obtained admission in eligible course through merit
based selection process, he/she could be considered meritorious.
Generally, admission to professional and technical courses is through
Common Entrance Tests and those who get admission through this
process be considered meritorious.

ii) Where the admission is purely based on marks scored in qualifying

examinations, cut off percentage of marks of 50% for SC/ST and 60% for
General category be considered.

However, Circle Heads & above may consider the cases on merit, where
admission is purely based on marks scored in qualifying exam and the
applicant student borrower has scored less than the stipulated cut-off
marks of 50% for SC/ST and 60% for General category.
2(ii) Courses Eligible

i) Graduation: For job oriented professional/technical courses offered by reputed

universities.

ii) Post graduation: MCA, MBA, MS, etc.

iii) Courses conducted by CIMA- London, CPA in USA etc.

iv) Degree/Diploma courses* like aeronautical, pilot training, shipping etc.

provided these are recognized by competent regulatory bodies in abroad for
the purpose of employment in abroad.

*Diploma Course and certificate courses shall not be covered under the
eligible courses for study abroad except as mentioned above. However, Post
Graduate studies leading to PG Degrees and PG Diplomas offered by reputed
institutes/ universities only are covered under the Education Loan Scheme
PNB UDAAN.

v) Education loan to students for pursuing diploma & certificate courses other
than aeronautical, pilot training, shipping etc from abroad, not otherwise
covered under the Scheme may be considered by Incumbents of Scale IV &
above, where the loan is backed by liquid security valuing 125% of loan
amount in the shape of FDRs/ NSCs/ surrender value of Life Insurance
Policies along with establishing the financial credentials of family members
(either joint borrower or guarantor) subject to the condition that the said
course(s) is recognized/ accredited one. However, it be ensured that out
standing in the Education Loan account, at any point of time during
entire tenor, does not exceed the value of available securities. Further,
Circle Heads & above have been empowered to accord permission to
consider such cases where loan is backed by mortgage of immoveable
property, enforceable under SARFAESI Act, having realizable value of at
least 200% of loan amount after.

vi) Further, in case of wards of staff members, Education Loan for Diploma/
Certificate Courses for studies abroad may also be permitted by Circle Head
and above subject to availability of:

a) Collateral Security in the shape of Immovable Property equivalent to the

amount of loan.
OR

b) Where the residual value of immovable property already mortgaged with

the Bank in respect of any loan raised by staff member is sufficient to
cover the loan amount.

vii) Education loans may be extended for pursuing Research programmes

abroad from reputed universities subject to assessment of employment
potential of future prospects.
Reference: www.webometrics.info (indicative only)
NOTE: For ascertaining Eligibility criteria:

i) Sanctioning Authority to assess employability and earning potential

in respect of courses leading to be pursued by student borrower. Where
Sanctioning Authority considers employability and earning potential as
unfavorable, the same requires concurrence of the Circle Head.

ii) The assessment of employability and earning potential be done on the

basis of placement record of the Institute, average salary offers/ drawn by
the students on completion of such courses and be formed part of the
appraisal note at the time of sanction.

iii) In terms of Section 1(2) of the IMC Ordinance, 2013 with effect from 15th
May, 2013, Any Indian citizens, who intend to obtain primary medical
qualification from any foreign country on or after 15th May, 2013 are not
required to obtain Eligibility Certificate from the Medical Council of India.

2(iii) Expenses considered for loan:

i) Fee payable to college/ school/ hostel.*

ii) Examination/ Library/ Laboratory fee.
iii) Travel expenses/ passage money for studies abroad.
iv) Insurance premium for student borrower, if applicable.
v) Caution deposit, Building fund/refundable deposit supported by Institution
bills/receipts. **
vi) Purchase of books/ equipments/ instruments/ uniforms.***
vii) Purchase of computer at reasonable cost, if required for completion of the
course.***
viii)Any other expense required to complete the course - like study tours, project
work, thesis, etc.***
ix) While computing loan required, scholarships, fee waiver etc., if any
available to the student borrower may be taken into account.
x) If the scholarship component is included in the loan assessment, it may be
ensured that the scholarship amount gets credited to the loan account when
received from the Government.

* Lodging and boarding charges be considered in case the student chooses /

is required to opt for outside accommodation. However, these charges should
not exceed the charges stipulated by the respective college/ University for the
accommodation/ hostel facilities provided by them. In case, no such facility is
provided by the college/ educational institute, the charges being levied by
other colleges/ educational institutes in the area shall be applicable. However,
in cases where these facilities are not being provided by any educational
institutes in the area where the respective institute is situated, sanctioning
authority to take a decision in the matter after taking a realistic view regarding
expenses on boarding/ lodging based on local enquiries/ market reports etc.,
which shall also form a part of appraisal note.
 Reimbursement of expenses incurred by student borrower towards lodging
and boarding charges, in case they opt for outside accommodation other than
that provided by College/ University, be allowed on the basis of self-
declaration of the students borrower in having incurred these expenses to
the extent the amount was taken into consideration at the time of sanction of
loan.

** These expenses could be considered subject to the condition that the amount
does not exceed 10% of the total tuition fees for the entire course.

*** It is likely that expenditure under Item Nos. vi, vii & viii above may not be
available in the schedule of fees and charges prescribed by the college
authorities. Therefore, a realistic assessment may be made of the
requirement under these heads. However, the maximum expenses included
under vi, vii & viii may be capped at 20% of the total tuition fees payable for
completion of the course.

3. Quantum of Finance:

Need Based Finance to meet the expenses as per Para-2(iii) above be

considered (taking into account the prescribed Margin), subject to the following
ceilings:

Studies abroad - Max. Rs.20.00 lac

Branch Head of RAPC (CM & above) is vested with powers for sanctioning
upto Rs.40.00 lac for studies Abroad.

However, Circle Heads and above have full discretion for sanctioning higher
quantum of loan keeping in view the merits of the case.

Requirement of additional Education Loan for the same course, for which
education loan has already been sanctioned, be dealt with by taking it as a part of
the original project and considered on merits by the competent authority within
the vested powers under the Education Loan Scheme PNB UDAAN.

4. Re-imbursement of fees:

Branch Manager may permit reimbursement of fees paid by the student/

guardian at the time of admission or subsequent stages within six months from
the date of payment of fees on individual merits of the case. Reimbursement
after a period of more than six months may be considered at Circle Head level.
The reimbursement will, however, be within the sanctioned limit and subject to
production of proper receipt/ documentary evidence or proof of payment to the
satisfaction of the bank.
5. Margin

Up to Rs. 4.00 lac - NIL

Above Rs. 4.00 lac - 15%

- Scholarship/ assistantship be included in margin.

Margin may be brought-in on year-to-year basis as and when disbursements are
made on a pro-rata basis.

6. Security

i) Up to Rs. 7.50 lac: Parent(s)/guardian be made joint borrower (s). No tangible

Security and /or 3rd party guarantee be obtained.

a) However, all eligible education loans upto Rs.7.50 lac sanctioned on and
after 16.09.2015 shall be covered under the Credit Guarantee Fund Scheme
on Education Loan (CGFSEL), the guidelines of which have been issued vide
RAD Cir no. 19/2016 dated 31.03.2016.

b) Education Loan to children of PNBs Employees where employee is

either co-borrower or guarantor are exempted for coverage under
CGFSEL scheme. However in such cases the security norms shall be
as under :

b1) Up to Rs. 4.00 lac:

Parent(s)/guardian be made joint borrower (s). No Security.

b2) Above Rs. 4.00 lac and upto Rs. 7.50 lac:

Besides the parent(s)/guardian executing the documents as joint

borrower(s), collateral security in the form of suitable third party guarantee
be taken. The Sanctioning Authority may, at its discretion, in exceptional
cases, waive third party guarantee, if satisfied with the net-worth/ means of
parent/s who would be executing the document as joint borrower(s).

ii) Above Rs.7.50 lac: Parent(s)/guardian be joint borrower(s).Tangible

collateral security of suitable value acceptable to bank.

Note:
i) Assignment of future income of the student for payment of instalments
to be taken in all the cases.

ii) The loan documents should be executed by the student and the parent/
guardian as joint-borrower. However, Sanctioning Authority to
consider joint-borrower (other than parent/ guardian acceptable to
the Bank, in case of adverse credit history of the parent/ guardian of
the student borrower.
 iii) The security can be in the form of land/ building/ Govt. securities/
Public Sector Bonds/Units of UTI, NSC, KVP, life policy, gold, and
shares/mutual fund units/debentures, bank deposit in the name of
student / parent / guardian / any other third party or any other tangible
security acceptable to the bank with suitable margin.

iv) Wherever the land/ building is already mortgaged, the unencumbered

portion be taken as security on second charge basis provided it covers
the required loan amount.

v) In case of IPs being offered as Collateral Securities for sanction of

Education Loan Sanctioning authorities must ensure enforceability of
SARFAESI Act on such securities

7. Rate of Interest: As advised by IRMD, HO from time to time. presently, in terms

of L&A Cir no 41/2016 dated 09.06.2016 ROI effective from 01.04.2016 for the
cases under MCLR system as under:-:

Parameter ROI for all fresh Interest

sanctions made Table Code
on and after
01.04.2016
Loan upto Rs.7.50 lac
MCLR + 2.00% E75CM
(covered under CGFSEL Scheme)
Loan above Rs.7.50 lac MCLR + 2.60% EA75M
Loans irrespective of amount (where
100% tangible collateral security in
the shape of IP, enforceable under MCLR + 1.10% EDUSM
SARFAESI Act,
and/or liquid security is available)
Loan for a. Loan upto
pursuing Rs.7.50 lakh
education from covered
premier foreign under MCLR +0.60% EDUCM
universities and CGFSEL
Scheme
educational
institutes (201)
under PNB Udaan
(Annexure II) b. Others MCLR+0.10% EDUUM

Education Loan to children of

PNBs Employees where employee is MCLR + 0.10% EDSTM
either co-borrower or guarantor.

i) Simple interest is charged during the Repayment holiday/ Moratorium period.

ii) Rebate of 0.50% in ROI permitted to women beneficiaries for outstanding up

to Rs. 10.00 lacs and 0.25% for outstanding above Rs. 10.00 lacs.
iii) No concession shall be available for pursuing courses at 201 Education
institutes where interest rate charged is MCLR+0.60% / MCLR+0.10%, as the
case may be, and loans extended to children of PNBs Employees where
interest rate charged is MCLR+0.10%.

iv) 1% concession in ROI shall be available from the date of first disbursement of
the loan subject to interest being serviced on monthly basis as and when
debited during the repayment holiday moratorium period i.e. full course period
+ 1 year. The said 1% concession in ROI be allowed at the closure of
education loan for full tenure of the loan, if interest is serviced promptly as and
when applied during the moratorium period including course duration and
regular repayment of loan is made during the repayment period. The
concession shall not be available where the interest rate charged is
MCLR+0.10% or MCLR +0.60%.

v) The benefit of concession as at (iv) above is not passed twice, i.e., benefit of
concession is given only once (at the time of closure of loan) during entire
tenure of the loan.

vi) In all accounts covered under CGFSEL scheme, ROI at any time is not below
BR+0.50% / MCLR+0.50%, as the case may be, and in all the remaining
accounts ROI at any time is not below BR / MCLR of Bank, as the case may
be, after providing all concessions in Rate of interest as stated hereinabove.

vii) Penal interest @ 2% is charged (subject to provisions of Priority Sector), i.e.,

up to Rs. 25000/ - NIL and above Rs. 25000/ as applicable to Retail Advances
presently 2% on the default/irregular portion.

viii) The rate of interest to children of PNBs Employees where employee is either
co-borrower or guarantor shall continue as per repayment schedule even after
the employee retires provided the loan has been availed during the service
period of the employee. This will be applicable for employees who retire under
Voluntary Retirement Scheme but not to those employees who resign from
the service of the Bank.

8. Appraisal/Sanction/Disbursement:

i) Applications will be received either directly at bank branches or through on-

line mode. Upon receipt of application, standard acknowledgement giving a
reference number be issued containing contact details of the bank official who
could be contacted in case of delay in disposal of application.

ii) In the normal course, while appraising the loan, the future income prospect of
the student will be looked into.

iii) Rejection of loan application, if any, shall be done with the concurrence of the
Circle Head of the branch concerned and conveyed to the student stating
reason for rejection.
 iv) Normally, loan application will be accepted by the branch nearest to the
residence of parents. However, the sanction of loan will be as per delegation
of powers.

Loan to be sanctioned by the Branch/Retail Asset Processing Centre nearest

to the place of residence of the parents of the student. However, for
sanctioning and disbursement at a branch other than the said Branch/Retail
Asset Processing Centre, Circle Head of the respective Circle can consider
the same on the merits of individual case, keeping in view the genuineness,
accessibility and aspect of recovery of loan.

v) Education loan is to be disbursed in the shape of Term Loan. The amount of

loan be disbursed in stages as per requirements/demand, directly to the
institutions (Preferably through electronic channel wherever facility of such
remittance is available) / vendors of the books/equipments/instruments to the
extent possible as per terms of sanction (in case of purchase of stationery and
books, amount may be disbursed/reimbursed by crediting his/her Savings
account, on declaration by the applicant and production of bills).

9. Repayment

i. Repayment of the loan will be in equated monthly installments (EMIs) for a

period of 15 years for all categories.

ii. Repayment holiday/Moratorium:

Course period + 1 year.

(Branch manager empowered to permit extension in moratorium period up to

maximum two years in deserving cases under reporting to Circle Head).

iii If the student is not able to complete the course within the scheduled time for
reasons beyond his control, Sanctioning Authority may at his discretion,
consider such extension of time for completion of course as may be deemed
necessary to complete the course up to maximum period of 2 years.

In case the student discontinues the course midway, appropriate repayment

schedule be worked out in consultation with the student/parent subject to full
and final repayment of loan by the borrower (s) within the original repayment
tenor/ period.

iv The accrued interest during the repayment holiday period be added to the
principal and repayment in Equated Monthly Installments (EMI) fixed.

v. Sanctioning Authority may consider telescoping of the repayment with

stepped up installment with passage of time over the repayment period in
cases where salary levels at the start of the career do not facilitate
comfortable payment of EMI (e.g. professionals like Doctors).

Note: No prepayment penalty be levied for prepayment of loan.

10. Extension in Repayment Period:

i) Existing Education Loan borrowers, who had availed Education Loan with a
repayment period upto 10 years shall have the opportunity of getting the
repayment period extended upto 15 years, as the case may be, and the same
shall not be treated as restructuring.

ii) The powers for allowing such extension in repayment period under
Education Loan Scheme to the existing Education Loan borrowers have been
vested with respective Sanctioning Authority.

All Incumbents to ensure that:

i) Extension, if any, in repayment period is (a) need based; and (b) is allowed
only after taking into account the repaying capacity of the borrowers;

ii) Extension is allowed only in Education Loan accounts, which are standard in
the books of Bank as on the date of allowing such extension;

iii) Such Extension in Repayment Period is not allowed with retrospective effect;

iv) Such accounts are not treated as restructured accounts.

v) Total Repayment Period (i.e. before and after allowing such extension) not to
exceed the maximum permissible Repayment Period allowed under the
Scheme;

vi) Request for extension in Repayment period from the Education Loan
borrowers is obtained and held on record;

vii) Charges for change in terms & conditions of sanction are recovered in terms
of guidelines, as circulated L&A Circular 87/2014 dated 12.07.2014 which,
interalia, provide as under:

The charges prescribed for change in terms & conditions sought by the
borrower, except in CDR/restructuring cases, shall be 0.02% of loan amount
(Minimum Rs.1,000/- and Maximum Rs. 5 lakh).

viii) Following documents be obtained at the time of allowing such extension in

repayment period:

Supplementary Agreement (in case of student borrower being

Major) as per Annexure-A.
Supplementary Agreement (in case of student borrower being
Minor) as per Annexure B.
Consent of Guarantor, wherever applicable.
11. Insurance

Life Insurance policy of the students availing Educational Loan be taken at the
option of the Student borrower in terms of guidelines issued from time to time.
Presently Bank is having tie up with PNB MetLife for Optional Group Life
Insurance cover for Education Loan borrowers in the name & style of Met
Loan & Life Suraksha. Reference may be made to the relevant circulars issued
from time to time by Retail Assets Division, HO on the subject.

12. Processing Charges/Upfront fee

Upfront fee @ 1% with a minimum of Rs.10,000/- be recovered which shall be

refunded after first disbursement has been made in the Account towards fee/
other expenses sanctioned for Education loan ensuring that the student has
taken admission and joined the institute.

13. Documentation Charges

As prescribed from time to time be recovered. (Presently Rs.270/- upto Rs. 4 lac
and Rs.450/- above Rs.4.00 lac - exclusive of service tax and education cess).

14. Disposal of Application

Loan applications have to be disposed of within a period of one week (cases of

Branch/ Retail Asset Processing Centre (RAPC) level) and within two weeks
(cases falling under the powers of Circle Head & above) from the date of receipt
of complete application.

15. Capability Certificate

Incumbents may also issue the capability certificate for students going abroad for
higher studies. For this purpose financial and other supporting documents may
be obtained from applicant, if required.

(Some of the foreign universities require the students to submit a certificate from
their bankers about the sponsors' solvency/ financial capability, with a view to
ensure that the sponsors of the students going abroad for higher studies are
capable of meeting the expenses till completion of studies.)

16. Sanction of Loan to more than one child from the same family

Existence of an earlier education loan to the brother(s) and/or sister(s) will not
affect the eligibility of another meritorious student from the same family obtaining
education loan as per Education Loan Scheme PNB Udaan. In other words, any
number of applicants belonging to the same family may be sanctioned loans upto
Rs.7.50 lac individually without insisting for any security/guarantee. The loan is to
be mandatorily covered under CGFSEL scheme.
 For education loan to children of PNBs Employees, where employee is either co-
borrower or guarantor, any number of applicants belonging to the same staff
member may be sanctioned loans upto Rs.4.00 lac individually without insisting
for any security/guarantee.

17. Top up loan:

Top up loan to students for pursuing further studies be considered on merits at

the level of Incumbents of Scale IV & above subject to maximum permissible
Ceiling of amount under the Scheme (Presently Rs 10 lacs for studies in India
and Branch heads of RAPC (CM & Above) upto Rs.40.00 lacs taking into account
the absolute threshold exposure).

Further, Circle Heads and above shall have discretion for sanctioning higher
quantum of loan keeping in view the merits of the case.

However, in cases, where existing education loan has been sanctioned by Circle
Head & above, the powers to consider top up loan shall also be vested with
Circle Head & above, i.e., sanctioning authority of existing education loan,
irrespective of the amount of top up loan.

The sanction shall, however, be within the overall eligibility limit, with appropriate
re-schedulement of existing loan taking into account absolute threshold
exposure, genuineness, accessibility, future repaying capacity of the student
borrower, recovery of loan and subject to taking required security.

The repayment of loans will commence after completion of the second course
and further moratorium period as provided under the scheme.

It is further clarified that whenever such top up loans are extended, ROI, Security
& Margin applicable on the existing as well as proposed loan shall be determined
on the basis of ABSOLUTE THRESHOLD EXPOSURE* made available to the
borrower.

*ABSOLUTE THRESHOLD EXPOSURE for this purpose (in terms of IRMD,

L&A Circular No.52/2014 dated 28.04.2014 on Credit Exposure Norms and
other circulars issued from time to time) shall mean:

a) WHERE EARLIER SANCTIONED LIMIT HAS NOT BEEN FULLY AVAILED:

Sanctioned limit or actual outstanding whichever is higher, plus additional loan
limit proposed to be sanctioned.

b) WHERE EARLIER SANCTIONED LIMIT HAS BEEN FULLY AVAILED AND

THERE IS NO SCOPE FOR REDRAWING ANY PORTION OF THE
SANCTIOED AMOUNT: Actual outstanding plus additional loan limit
proposed to be sanctioned.
18. No Dues Certificate

No dues certificate need not be insisted upon as a pre-condition for considering

education loan. However, a declaration/an affidavit confirming that no loans are
availed from other banks may be obtained.

19. Minimum Age

There is no specific restriction with regard to the age of the student to be

eligible for education loan.

20. Change of Address

In order to safeguard banks interest, the permanent address of the student

borrower be captured besides obtaining his/her present address in the loan
application form and the same shall also be got confirmed from the records
available at the educational institution concerned.

21. Joint Borrower

Joint borrower should be parent(s)/guardian of the student borrower. In case of

married person, joint borrower can be spouse or the parent(s)/parent(s)-in-law. In
case parents are not alive, grandparent(s) be taken as joint borrower.

Further, Sanctioning Authority may consider joint borrower (other than parent/
guardian), acceptable to the Bank, in case of adverse credit history of the parent/
guardian of the student borrower.

22. Loaning Powers

As per Loaning Power Chart in force from time to time.

23. Confidential Report

i) Borrower: No CR be compiled as the loan application form will indicate the

required information.

ii) Guarantor(s) / Joint borrower(s): CR be compiled on 282(C).

24. Documentation

i) PNB 1218 - Loan Application.

ii) In case the student is Minor - Agreement (PNB 1116) duly stamped be taken.
iii) On attaining majority, confirmation from student be obtained as per PNB
1147.
iv) In case the student is Major - Agreement (PNB 1117) duly stamped be taken.

v) Letter of Guarantee (PNB 58) duly stamped as an Agreement be taken where

applicable.
 vi) In case Coll. Security is taken in the shape of Mortgage of IP, procedure given
in Book of Instruction on Loans and other guidelines issued from time to time
be followed.

25. Transfer of Account

In order to facilitate hassle free deposit of repayment dues, and to have proper
monitoring, branches will have the discretion/freedom in intra-Circle and inter-
Circle transfer of existing as well as new loan accounts to the nearby branch of
the place of posting/residence/domicile of the student borrower after getting
necessary proof in support thereof. However, this should be duly communicated
to the borrower.

26. Classification

Advances allowed to individuals under the PNB Udaam Scheme up to Rs.20.00

lacs, irrespective of the sanctioned amount, will be considered as eligible for
classification under the Priority Sector.

27. Illustrative Check List

i) Loan application on Bank's format.

ii) Passport size photograph.
iii) Proof of Address.
iv) Proof of Age.
v) Copy of PAN of student Borrower*.
vi) Proof of having cleared last qualifying examination.
vii) Letter of admission.
viii)Prospectus of the course wherein charges like Admission Fee, Examination
Fee, Hostel Charges etc. are mentioned.
ix) Details of Assets & Liabilities of parents/co-obligants/guarantors.
x) In case loan is to be collaterally secured by mortgage of IP, copy of Title
Deed, Valuation Certificate and Non-encumbrance Certificate from approved
Lawyer of the Bank be obtained at the cost of the borrower.
xi) Photocopy of Passport & Visa
xii) Any other document/information, depending upon the case and purpose of the
loan.

*If PAN is not available at the time of sanction, the same be obtained within
one year of disbursement of loan

28. Post Sanction Supervision

i) The Bank shall reserve the right of giving loan under Education Loan
Scheme PNB Udaan to any student borrower or continue/ discontinue the
yearly disbursement to a borrower under the Education Loan Scheme
PNB Udaan. Sanctioning Authority may allow disbursement of subsequent
instalments depending upon:

a. whether or not he/she shows good results at the institution he/she has
joined for studies and where institution/college allows student to
 move to the higher class even if they fail in a few subjects in the
examination for previous year/semester and provided he/she has been
allowed to keep terms;

b. Whether or not reports about his/her conduct are satisfactory.

(Such reports will be required to be produced to the Incumbent Incharge

of the lending office before the start of each academic year subsequent to
the first year.)

ii) Loan pass book be issued to the borrower containing details such as date of
sanction of loan, amount of loan sanctioned, subsidy received (if any) rate of
interest, amount due under each installment, due date of installment etc.

iii) Incumbents to contact college/ university authorities to send the progress

report to the bank at regular intervals in respect of students who have availed
loans.

iv) Branches to ensure whereabouts of the student borrowers and joint-borrowers

on half yearly basis even after completion of their studies / placement and a
record of the same be maintained in the loan file.

v) Monitoring of loans be done by branch.

vi) Circle Heads to ensure constant monitoring of follow up/ tracking.

vii) PAN of the student be obtained at the time of sanction. However, obtention
of PAN should not be made a pre-condition for sanction/ disbursement of
education loans. In case PAN is not available at the time of sanction, the
same be obtained within one year of disbursement of loan.

An undertaking from the student borrower be taken on the following lines at

the time of disbursement of the loan:

I/ We undertake to deposit PAN Card at the time of disbursement of 2nd

Installment of the loan but not later than one year from the date of 1st
disbursement. I shall request disbursement of next installment of loan
only after submission of PAN card.

viii)Tracking of Student after completion of the course be coordinated with the

Educational Institutions. Help of Alumni Forums of Educational Institutions
be also taken for valuable feedback.

ix) Branches to obtain/ receive the progress reports of the student borrower
electronically wherever possible.
29. Treatment of interest accrued during moratorium period in case of account
becoming NPA:

Interest accrued during repayment holiday period on Education Loans is

added to the principal and repayment in Equated Monthly Instalments (EMIs)
is fixed accordingly. As such, there may not be any reversal of interest
accrued during the repayment holiday period if an education loan account
based on IBA Model Education Loan Scheme becomes non-performing
asset.

As and when the Education Loan Account slips into NPA Category, Branch
Managers to ensure that proper reason code from FOLLOWING CODE is
entered at the field Free Code -1 available at 7th page under CUMM menu
option G details.

i) Genuinely Stress (GENST)

ii) Untraceable (UNTRC);
iii) Capable but not paying (CABNP)

30. General

i) The loan applications are often passed to other banks/branches of banks

stating that the applicant does not fall within the area of operation of a
particular branch. Some of the reasons quoted are:

a) Place of domicile of applicant falls under service area of another bank.

b) To approach another bank as per arrangement among local banks.
c) To approach another bank functioning nearer to place of their residence.

The guidelines under the Education Loan Scheme PNB UDAAN be

implemented in right perspective and as far as possible not to reject any
genuine requests and try to accommodate the student community as far as
possible within the broad framework of the scheme.

Further, no Education Loan application be rejected for the reason that

residence of the borrower does not fall under the Banks service area.

ii) Under the Education Loan Schemes, financing is being done for various
courses and considerable share of outstanding under the scheme is for
studies abroad. It has, however, been observed that once the student goes
abroad/ gets the status of NRIs/settles abroad, relationship with him/her is not
continued beyond the transactions relating to Education Loan.
 As soon as the student starts earning abroad, he becomes a good source of
generating foreign exchange/Deposits. It should, therefore, be our endeavour
to continue banking relationship with such students. Opening of NRE
accounts of all those students financed for study abroad upon their getting the
status of NRI will go a long way in building such relationship. It is, therefore,
advised that the branches should ensure opening of NRE accounts of all the
students financed for study abroad upon their acquiring the status of
NRIs. Progress in this be monitored on monthly basis at the level of Circle
Offices.

iii) Branches to capture the course details through CDEDU menu in CBS. This
will facilitate to track the student after completion of the course effectively if
co-ordinated with the education institutions. The guideline for capturing course
details is available at Annexure C.

iv) Branches to enter CGFEL against Guarantee cover code under V detail in
CBS. Filling of this field is mandatory being the only identifier of the accounts
opened under CGFSEL scheme.

v) The PAN No. of all student borrowers should also be captured in the
respective field available in CBS.

vi) In all EL Accounts under PNB Udaan Scheme the Passport No. of students
be entered under Free Text 12 of V details of loan account.

vii) The revised loan application PNB 1218 is available at Annexure D

viii) Incumbents are advised to ensure that Interest Certificate is issued to all
Education Loan Borrowers for the complete financial year on actual basis
alongwith Statement of Account without waiting for any specific request from
the borrowers and dispatched immediately but not later than 30th April every
year. Interest certificates can be generated by invoking Menu Options
INTCERT in Finacle, PNBRPT 3/56g and 3/56h in MIS.

*********
 Annexure II

(RAD Circular 54/2016 dated 10.08.2016)

List of premier foreign universities and educational institutes (201)

under PNB Udaan

Rank Name of Institution Location

1 California Institute of Technology (Caltech) United States
2 Harvard University United States
3 University of Oxford United Kingdom
4 Stanford University United States
5 University of Cambridge United Kingdom
6 Massachusetts Institute of Technology (MIT) United States
7 Princeton University United States
8 University of California, Berkeley United States
9 Imperial College London United Kingdom
10 Yale University United States
11 University of Chicago United States
12 University of California, Los Angeles (UCLA) United States
13 ETH Zrich Swiss Federal Institute of Technology Zrich Switzerland
14 Columbia University United States
15 Johns Hopkins University United States
16 University of Pennsylvania United States
17 University of Michigan United States
18 Duke University United States
19 Cornell University United States
20 University of Toronto Canada
21 Northwestern University United States
22 University College London (UCL) United Kingdom
23 The University of Tokyo Japan
24 Carnegie Mellon University United States
25 National University of Singapore (NUS) Singapore
26 University of Washington United States
27 Georgia Institute of Technology United States
28 University of Texas at Austin United States
29 University of Illinois at Urbana-Champaign United States
30 Ludwig-Maximilians-Universitt Mnchen Germany
31 University of Wisconsin-Madison United States
32 University of British Columbia Canada
33 University of Melbourne Australia
34 cole Polytechnique Fdrale de Lausanne Switzerland
35 London School of Economics and Political Science (LSE) United Kingdom
36 University of Edinburgh United Kingdom
 Rank Name of Institution Location
37 University of California, Santa Barbara United States
38 New York University (NYU) United States
39 McGill University Canada
40 King's College London United Kingdom
41 University of California, San Diego United States
42 Washington University in St Louis United States
43 The University of Hong Kong Hong Kong
44 Karolinska Institute Sweden
45 Australian National University Australia
46 University of Minnesota United States
47 University of North Carolina at Chapel Hill United States
48 Peking University China
49 Tsinghua University China
50 Seoul National University Republic of Korea
51 Hong Kong University of Science and Technology Hong Kong
52 Korea Advanced Institute of Science and Technology Republic of Korea
(KAIST)
53 University of Manchester United Kingdom
54 Brown University United States
55 University of California, Davis United States
56 KU Leuven Belgium
57 Boston University United States
58 Pennsylvania State University United States
59 Kyoto University Japan
60 University of Sydney Australia
61 cole Polytechnique France
62 Nanyang Technological University Singapore
63 Scuola Normale Superiore di Pisa Italy
64 Leiden University Netherlands
65 University of Queensland Australia Australia
66 Pohang University of Science and Technology (Postech) Republic of Korea
67 Georg-August-Universitt Gttingen Germany
68 Ohio State University United States
69 Rice University United States
70 Universitt Heidelberg Germany
71 Delft University of Technology Netherlands
72 Erasmus University Rotterdam Netherlands
73 Wageningen University and Research Center Netherlands
74 University of Bristol United Kingdom
75 Universitt Basel Switzerland
76 University of Southern California United States
Rank Name of Institution Location
77 University of Amsterdam Netherlands
78 cole Normale Suprieure France
79 Utrecht University Netherlands
80 Humboldt-Universitt zu Berlin Germany
81 Freie Universitt Berlin Germany
82 Michigan State University United States
83 Durham University United Kingdom
84 Monash University Australia
85 Middle East Technical University Turkey
86 University of Arizona United States
87 University of Notre Dame United States
88 University of California, Irvine United States
89 Tufts University United States
90 Ghent University Belgium
91 University of Massachusetts United States
92 University of Pittsburgh United States
93 Emory University United States
94 University of Glasgow United Kingdom
95 McMaster University Canada
96 Vanderbilt University United States
97 University of Colorado Boulder United States
98 Stockholm University Sweden
99 Technische Universitt Mnchen Germany
100 Uppsala University Sweden
101 Maastricht University Netherlands
102 Purdue University United States
103 University of Helsinki Finland
104 Universit Pierre et Marie Curie France
105 University of Warwick United Kingdom
106 University of Zrich Switzerland
107 University of Geneva Switzerland
108 queen Mary university of London United Kingdom
109 University of california, Santa cruz United States
110 university of New South wales, Australia
111 University of St Andrews United Kingdom
112 University of Sussex United Kingdom
113 University of Montreal Canada
114 Eberhard Karls Universitat Tubingen Germany
Rank Name of Institution Location
115 University of York United Kingdom
116 Case Western Reserve University United States
117 University of Groningen Netherlands
118 Royal Holloway, University of London United Kingdom
119 Lund University Sweden
120 Universit Paris-Sud France
121 University of Rochester United States
122 University of Sheffield United Kingdom
123 Technical University of Denmark Denmark
124 University of Alberta Canada
125 University of Cape Town South Africa
126 Boston College United States
127 University of Florida United States
128 KTH Royal Institute of Technology Sweden
129 Chinese University of Hong Kong Hong Kong
130 University of Virginia United States
131 Lancaster University United Kingdom
132 University of Bern Switzerland
133 University of Maryland, College Park United States
134 University of Southampton United Kingdom
135 Technische Universitt Dresden Germany
136 Universit de Lausanne Switzerland
137 VU University Amsterdam Netherlands
138 Trinity College Dublin Republic of Ireland
139 Boazii University Turkey
140 Radboud University Netherlands
141 Colorado School of Mines United States
142 Texas A&M University United States
143 Tokyo Institute of Technology Japan
144 Eindhoven University of Technology Netherlands
145 Rutgers, The State University of New Jersey United States
146 University of Leeds United Kingdom
147 Brandeis University United States
148 University of Birmingham United Kingdom
149 Sungkyunkwan University (SKKU) Republic of Korea
150 University of California, Riverside United States
151 Indiana University United States
152 Dartmouth College United States
153 Aarhus University Denmark
 Rank Name of Institution Location
154 University of Exeter United Kingdom
155 National Taiwan University Taiwan
156 RWTH Aachen University Germany
157 University of Liverpool United Kingdom
158 Osaka University Japan
159 University of Western Australia Australia
160 University of Copenhagen Denmark
161 cole Normale Suprieure de Lyon France
162 University of Utah United States
163 Albert-Ludwigs-Universitt Freiburg Germany
164 University of Adelaide Australia
165 Istanbul Technical University Turkey
166 Karlsruhe Institute of Technology Germany
167 Pompeu Fabra University - Barcelona Spain
168 Tohoku University Japan
169 University of Miami United States
170 University of Antwerp Belgium
171 Universit Catholique de Louvain Belgium
172 University of Nottingham United Kingdom
173 Georgetown University United States
174 University of Victoria Canada
175 University of Auckland New Zealand
176 University of Iowa United States
177 Syracuse University United States
178 University of Aberdeen United Kingdom
179 Universit Joseph Fourier, Grenoble France
180 University of Delaware United States
181 Universit Paris Diderot - Paris 7 France
182 Arizona State University United States
183 Sabanci University Turkey
184 University of Vienna Austria
185 Northeastern University United States
186 University of Oslo Norway
187 Yeshiva University United States
188 University of Ottawa Canada
189 Stony Brook University United States
190 Tel Aviv University Israel
191 University at Buffalo United States
192 City University of Hong Kong Hong Kong
 Rank Name of Institution Location
193 Fudan University China
194 Iowa State University United States
195 Universitt Bonn Germany
196 Lomonosov Moscow State University Russian Federatio
197 St George's, University of London United Kingdom
198 University of East Anglia United Kingdom
199 University of Leicester United Kingdom
200A Florida Institute of Technology United States
200B George Washington University United States

*************
 Annexure A

SUPPLEMENTARY AGREEMENT
FOR EXTENSION IN REPAYMENT PERIOD OF EDUCATION LOAN
(For Major Student)

THIS SUPPLEMENTARY AGREEMENT is made on this ____day of

__________20____ between Shri/Ms _______________________son/ daughter/
wife of Shri___________________, resident of
___________________________________, (hereinafter called the Student) and
Shri/Ms_______________________son/ daughter/ wife of
Shri___________________, resident of ___________________________________,
(hereinafter called the Parent/Guardian), the Student and the Parent/Guardian
are collectively referred to as the Borrowers;

AND Punjab National Bank, a body corporate, constituted under the Banking
Companies (Acquisition & Transfer of Undertakings) Act, 1970, having its Head
Office at 7, Bhikhaiji Cama Place, New Delhi and, amongst others, a Branch Office
at ____________________________ (the said BO), hereinafter called the Bank.

(The Borrowers and the Bank are collectively referred to as the Parties and
individually as the Party and unless it be repugnant to the subject or context the
Borrowers and the Bank shall include their heirs, legal representatives,
successors, assigns, etc; The masculine gender is to be taken to include females;
and the singular includes the plural and vice versa. The Borrowers, include each
one of them and their liability shall be JOINT & SEVERAL)

WHEREAS the Borrowers have been availing, inter-alia, an Education Loan of

Rs.____________________________ (Rupees __________________________
only) from the Bank and have executed an Agreement on ____________ in respect
of the said facility detailing the terms and conditions thereof.

WHEREAS the said education loan is secured by guarantee

of____________________________/and/or mortgage of property situated
at___________________________________of the Borrowers.

WHEREAS the Borrowers are unable to keep up repayment schedule, as agreed in

the Loan Agreement dated _______.

WHEREAS the Borrowers have approached the Bank and requested for extension of
repayment period of aforesaid education loan.

WHEREAS the Bank has, at the request of the Borrowers has agreed for extension
of repayment period by_______years from________.

NOW IN CONSIDERATION OF THE BANK agreeing to extend the repayment period

as aforesaid to the Borrowers agree as under:

1. The Borrowers confirm that the balance due in the above said education loan
account is Rs._____________ as on _________ and acknowledge the liability
to repay the same.
2. The Borrowers agree and undertake to repay the outstanding amount of
Rs._____________________ and further interest and monies thereof in the
said education loan as per the revised schedule of repayment specified in
Schedule-I herein.

3. The Borrowers agree to repay the outstanding loan amount alongwith interest
at...% as spread over _____________ Marginal Cost of Funds
Based Lending Rate (MCLR) of the Bank, presently being
..%,(hereinafter referred to as the Benchmark Rate) i.e ..% per
________ with _______ rests plus applicable interest tax, if any, as and
when due / leviable, whether debited or not in the Loan account, applicable
Interest Tax and incidental charges, etc. as prescribed by the Bank from time
to time. The _____________ MCLR will be changed from time to time by the
Bank subject to the reset of interest rate after an interval of ___________
months.

The Spread may also change from time to time and the revised rate of interest
shall accordingly be charged from time to time.

Notwithstanding any other clause of the agreement, the Spread and the
Benchmark Rate of interest payable by the Borrower and the periodicity of
rests shall be subject to the changes/variations made by Reserve Bank of
India/the Bank as the case may be from time to time.

In the event of there not being any Spread and/or Reference Rate, the
borrower agrees to pay the interest at the rate as prescribed by the Bank from
time to time

The interest shall be calculated on daily balance basis due to the Bank and
shall be charged monthly so long as the amount due under the Loan is not
repaid in its entirety and shall form part of the principal and carry interest at
the Applicable Interest Rate.

4. In case of default in payment of interest or installments on the due date and/or

in case the entire loan is recalled by the Bank and/or in case the account
becomes irregular for any reason whatsoever, the Borrower to pay increased
interest @ ___ % p.a. with agreed rates over and above the agreed rate as
under:
a. On the amounts in default from the date of default, or
b. On the amount outstanding from the date of recall or from the date the
account becomes irregular.

5. The Borrowers agree that if the Borrowers default in payment of interest

/installment the bank shall be entitled to recall the entire amount outstanding
under the above said education loan account.
 6. The Borrowers agree to pay a sum of Rs_______________on account of
change in terms and conditions of original sanction dated___________ and
authorise the Bank to debit the said amount from our A/c_____________with
the Bank.

7. The Borrowers confirm that all other terms and conditions as already agreed
to and mentioned in the loaning and security documents executed
on__________in respect of education loan above referred to shall continue
and remain in force. The Borrowers further confirm that the security created in
respect of the above education loan shall continue and shall remain in force
till the entire dues are paid off and the account is closed.

8. This agreement is supplemental to and not in derogation of earlier

agreements/documents executed in favour of Bank.

IN WITNESS WHEREOF, THE PARTIES HAVE SIGNED THESE PRESENTS ON

THE DAY, MONTH AND YEAR FIRST ABOVE MENTIONED.

BORROWERS FOR PUNJAB NATIONAL BANK

 Annexure B

SUPPLEMENTARY AGREEMENT
FOR EXTENSION IN REPAYMENT PERIOD OF EDUCATION LOAN
(For Minor Student)

THIS SUPPLEMENTARY AGREEMENT is made on this ____day of

__________20____ between Shri/Ms _______________________son/ daughter/
wife of Shri___________________, resident of
___________________________________, (hereinafter referred as Borrower) for
himself/ herself and for and on behalf of Shri/Ms_______________________, a
minor born on __________________________ ( the Student) son/ daughter/ wife
of Shri___________________________________, resident of
_________________________________________________________________
__, as natural/ court appointed guardian;

AND Punjab National Bank, a body corporate, constituted under the Banking
Companies (Acquisition & Transfer of Undertakings) Act, 1970, having its Head
Office at 7, Bhikhaiji Cama Place, New Delhi and, amongst others, a Branch Office
at ____________________________ (the said BO), hereinafter called the Bank.

(The Borrower and the Bank are collectively referred to as the Parties and
individually as the Party and unless it be repugnant to the subject or context the
Borrower and the Bank shall include their heirs, legal representatives,
successors, assigns, etc; The masculine gender is to be taken to include females;
and the singular includes the plural and vice versa. The Borrower, include each one
of them and their liability shall be JOINT & SEVERAL)

WHEREAS the Borrower has been availing, inter-alia, an Education Loan of

Rs.____________________________ (Rupees __________________________
only) from the Bank and has executed an Agreement on ____________ in respect of
the said facility detailing the terms and conditions thereof.

WHEREAS the said education loan is secured by guarantee

of____________________________/and/or mortgage of property situated
at___________________________________of the Borrower.

WHEREAS the Borrower is unable to keep up repayment schedule, as agreed in the

Loan Agreement dated _______.

WHEREAS the Borrower has approached the Bank and requested for extension of
repayment period of aforesaid education loan.

WHEREAS the Bank has, at the request of the Borrower has agreed for extension of
repayment period by_______years from________.

NOW IN CONSIDERATION OF THE BANK agreeing to extend the repayment period

as aforesaid to the Borrower agree as under:
 i. The Borrower confirms that the balance due in the above said education
loan account is Rs._____________ as on _________ and acknowledges
the liability to repay the same.

ii. The Borrower agrees and undertakes to repay the outstanding amount of
Rs._____________________ and further interest and monies thereof in the
said education loan as per the revised schedule of repayment specified in
Schedule-I herein.

iii. The Borrowers agree to repay the outstanding loan amount alongwith
interest at...% as spread over _____________ Marginal Cost of
Funds Based Lending Rate (MCLR) of the Bank, presently being
..%,(hereinafter referred to as the Benchmark Rate) i.e ..%
per ________ with _______ rests plus applicable interest tax, if any, as
and when due / leviable, whether debited or not in the Loan account,
applicable Interest Tax and incidental charges, etc. as prescribed by the
Bank from time to time. The _____________ MCLR will be changed from
time to time by the Bank subject to the reset of interest rate after an interval
of ___________ months.

The Spread may also change from time to time and the revised rate of
interest shall accordingly be charged from time to time.

Notwithstanding any other clause of the agreement, the Spread and the
Benchmark Rate of interest payable by the Borrower and the periodicity of
rests shall be subject to the changes/variations made by Reserve Bank of
India/the Bank as the case may be from time to time.

In the event of there not being any Spread and/or Reference Rate, the
borrower agrees to pay the interest at the rate as prescribed by the Bank
from time to time

The interest shall be calculated on daily balance basis due to the Bank and
shall be charged monthly so long as the amount due under the Loan is not
repaid in its entirety and shall form part of the principal and carry interest at
the Applicable Interest Rate.

iv. In case of default in payment of interest or installments on the due date

and/or in case the entire loan is recalled by the Bank and/or in case the
account becomes irregular for any reason whatsoever, the Borrower to pay
increased interest @ ___ % p.a. with agreed rates over and above the
agreed rate as under:
1. On the amounts in default from the date of default, or
2. On the amount outstanding from the date of recall or from
the
date the account becomes irregular.

v. The Borrower agrees that if the Borrower defaults in payment of interest

/installment the bank shall be entitled to recall the entire amount
outstanding under the above said education loan account.
 vi. The Borrower agrees to pay a sum of Rs_______________on account of
change in terms and conditions of original sanction dated___________ and
authorise the Bank to debit the said amount from our
A/c_____________with the Bank.

vii. The Borrower confirms that all other terms and conditions as already
agreed to and mentioned in the loaning and security documents executed
on__________in respect of education loan above referred to shall continue
and remain in force. The Borrower further confirm that the security created
in respect of the above education loan shall continue and shall remain in
force till the entire dues are paid off and the account is closed.

viii. This agreement is supplemental to and not in derogation of earlier

agreements/documents executed in favour of Bank.

IN WITNESS WHEREOF, THE PARTIES HAVE SIGNED THESE PRESENTS ON

THE DAY, MONTH AND YEAR FIRST ABOVE MENTIONED.

FOR self and on behalf of the student FOR PUNJAB NATIONAL BANK
BORROWER
 Annexure-C

USER MANUAL FOR CAPTURING COURSE DETAIL INFORMATION IN

EDUCATION LOAN ACCOUNTS

A new menu option CDEDU has been provided in the system for capturing the
course detail information. The screen will appear as under: (menu option CDEDU
and press enter)

User is required to enter option A and press F4 key. The following screen will
appear:
1. Loan Account: User is required to enter sixteen digit account no. of the
eligible borrower and press F4 key. System will check the account number
and display the name of account holder. User can cross check the eligible
account for which data is intended to be entered.
2. Course Code: User is required to press F2 key and select the appropriate
code/course by using the key Shift-F4. If course selected is 014-OTHERS,
a separate field will be displayed which the user has to fill manually.
Otherwise the field shall be disabled.
3. Course Category: User is required to press F2 key and select the
appropriate code/course denoting the category of the course which is being
pursued by using the key Shift-F4.

4. Course Type : User is required to press F2 key and select the appropriate
type of course denoting the type of the course which is being pursued by
using the key Shift-F4.
5. Course Duration: User is required to enter maximum 2 digit numerical
number denoting the month for which the course is being pursued.
6. Moratorium Period: User is required to enter maximum 2 digit numerical
number denoting the month for which the moratorium has been allowed.
7. Institute Name: User is required to enter maximum 100 digit Alpha data type
number denoting the name of the college/institute where the course is being
pursued.
8. Type of College: User is required to press F2 key and select the
appropriate code/institute denoting the type of college/institute where the
course is being pursued by using the key Shift-F4.
9. Institute Place: User is required to enter maximum 100 digit Alpha data type
number denoting the place of the college/institute where the course is being
pursued.
10. Institute District: User is required to press F2 key and select the
appropriate code/ district denoting the district in which the college/institute is
situated by using the key Shift-F4.
11. Institute State: User is required to press F2 key and select the appropriate
code/ state denoting the state in which the college/institute is situated by
using the key Shift-F4.
12. Institute Country: User is required to press F2 key and select the
appropriate code/ country denoting the country in which the college/institute is
situated by using the key Shift-F4.
13. Name of University: User is required to enter maximum 100 digit Alpha data
type number denoting the university to which the college/institute is affiliated.
14. Institution Group: User is required to enter maximum 100 digit Alpha data
type number denoting the Group name to which the college/institute is
affiliated.e.g for all IITs the group should be defined as IIT and for all IIMs
the group should be defined as IIM.

15. Free Text 1: User to presently keep the field blank.

16. Free Text 2: User to presently keep the field blank.
17. Continue Y/N : After entering appropriate values in all the fields, system will
prompt to enter Y in this field to save the record. User is required to enter Y
and press key F4. The following message will appear on the bottom of the
screen RECORD INSERTED FOR A/C NO. ________, PLEASE VERIFY.
18. The record so saved is required to be verified by the authorized official
other than the enterer. For verification, authorized official is required to invoke
the same menu option CDEDU and to press key F4 after entering value V in
function field. All the un-authorised entries will be visible in the background.
Authorized official is required to select the account by using the key Shift-F4
for which verification is required and the system will show the data/Values
entered for the account. Authorized official is required to enter Y in the field
SAVE Y/N and press key F4 to verify the record.
19. In case it is noticed that record entered and verified by the authorized official
has some mistakes and requires some modification, the authorized official is
required to modify the record through function M. The modification done by
a user is also required to be verified by authorized official with appropriate
work class.
20. Record duly entered and verified can be seen through function I.
21. IMPORTANT: USER TO ENSURE THAT:
21.1 ALL THE FIELDS EXCEPT FREE TEXT 1 & FREE TEXT 2 FIELDS
ARE REQUIRED TO BE ENTERED AS THE SYSTEM WILL NOT
ALLOW ANY FIELD TO BE LEFT BLANK BEFORE COMMIT (F4 KEY).
21.2 AFTER ENTERING OF DATA IN ONE FIELD, USER IS REQUIRED TO
PRESS F4 KEY BEFORE MOVING TO NEXT FIELD TO VALIDATE
THE VALUE.
21.3 HELPING MESSAGE/SUPPORT IS ALSO AVAILABLE THROUGH F2
KEY, WHEREVER APPLICABLE.
21.4 FOR ANY RECTIFICATION IN THE FIELD CTRL-F BE USED FOR
REMOVAL OF THE EXISTING DATA.
 Annexure-D
APPLICATION FORM FOR TERM LOAN FOR PURSUING HIGHER EDUCATION
Branch Office: ____________ Date of Application: ________
Part I Student Applicant's information
1. Applicants Name Last: First: Middle:

2. Fathers/Husbands/Guardian's Name
3 (a) Present Residential Address* _____________________________________
_____________________________________
City/Location __________________________ Recent Self Attested
District _____________________________ Photograph
Pin Code ___________ Country__________ of the applicant
(b) Permanent Residential Address* _____________________________________
_____________________________________
City/Location __________________________
District _____________________________
Pin Code ___________ Country__________

4. Category SC/ST/OBC/MINORITY/OTHERS
5A E-Mail id 5B. Mobile
6. Telephone No. (with STD code) :
7(a) Income Tax Pan No.* , if applicable
7 (b) Aadhar No.*
(c)(i) Voter ID No.*
Any one of
(ii) Passport No.*
these
(iii) Driving Licence No.*
8 a) Nationality
b). Age ___ Yrs. c) Date of Birth (dd/mm/yyyy)*:
d) Gender (Please tick) Male Female
e) Is Student Married (please tick) Married Unmarried Other
f) If married Name of Spouse and
Occupation
9. What the Student at present
is doing - Past experience, if
any
9.A Income from all sources (Amt in Rupees)
th
10. Educational Qualifications From Class 10 to upto date*
Board /Institutions Year of Passing Percentage of marks Attempts made Class/Divisi
Examination / University on/ Grade

11.Particulars of Scholarships / Prizes won for academic distinction, if any

12. Particulars of the course* Whether under: Merit/ Management Quota
(i) Name of the course
(ii) Duration of the course Dt of commencement Dt of completion
(iii) Full time/Part Time/ Distance learning
(iv) Name of college/ University
(v) Address
(vi)Approved by (vii) Affiliated with
(viii) Type of institute Govt/ Semi-govt/ Private
(vii) Whether loan sought is for study abroad
13. Details of Bank Account, if any Bank Branch A/C No
art I A Co-borrower's information
14. Co-borrower's Name Last: First: Middle:

15. Fathers/Husbands Name

16. (a) Present Residential Address* __________________________________
______________________________City/L
ocation _____________________
District __________________________ Recent Self Attested
Pin Code ___________Country_______ Photograph
of co-borrower
(b) Permanent Residential Address* __________________________________
______________________________
________________________________Cit
y/Location _____________________
District __________________________
Pin Code __________ Country_______

17 Category SC/ST/OBC/MINORITY/OTHERS
18 a) E-Mail id 18 b) Mobile
19. Telephone No. (with STD code)
19 Relationship with student
20.(a) Income Tax Pan No.*
20 (b) Aadhar No. *
(c)(i) Voter ID No.*
(ii) Passport No.* Any one of these
(iii) Driving Licence No.*
21. Occupation, give complete particulars
21A. Income from all sources
22 Work Experience in Service/business/profession
23. a) Age yrs b) Date of Birth dd/mm/yyyy)*:
c) Gender (Please tick) Male Female
d) Details of income of any other member of the
family, if earning
e) No. of dependents
f) Banking with us Yes/No, if yes, a/c no. / Customer Id.
24.Status of current residence Owned Rented Other, (please specify)
25. Present Banker detail Bank Branch A/C No

26 Details of Education Loan(s), if any, already

availed for the student or any member(s) of the family
from PNB or any other Bank/financial institution:
27. Statement of Assets and Liabilities ( Amount `)
Liabilities Assets
Outstanding Loans/Advances Amount Amount
Immovable properties:
Land
Bank Building
Employer Movable properties:
Provident fund Cash
Relatives and friends Deposits with banks
Others Investment in govt.
securities
Others
Total Total
Net Worth (Actual in `)
 28. Summary of Fee etc. own sources and loan required (details as per table below):
st nd rd th th
Sl 1 year 2 year 3 year 4 year 5 year Total

A Fees:
I College / School
Ii Examination/Library/ Laboratory
Iii Other fee (please specify)
Iv TOTAL of A(i to iii)
B Cost of Books/ equipments/
maintenance
I Hostel
Ii Purchase of computers (If essential
for completion of course)
Iii Purchase of books/Equipments/
Instruments/ Uniform
Iv TOTAL of B(i to iii)
C Others
I Travel expenses/ Passage money
for studies abroad
Ii Insurance Premium for student (if
opted)
Iii Caution deposit, Building fund/
refundable deposit $
Iv Any other (please specify)
V TOTAL of C (i to iv)
D TOTAL of A(iv)+B(iv)+C(v)
E Sources of finance (apart from
Bank loan now applied for)
I Non-repayable scholarship/
fellowship or other financial
assistance
Ii Repayable scholarship/ fellowship
or other financial assistance
Iii Funds available from family
sources
Iv Other (Please specify)
V TOTAL of E (i to iv)
F Total Amount required
{F=D-E(v)}

$ supported by Institution Demand letter(s)/bills/receipts, subject to the condition that the amount does not exceed 10% of
the total tuition fees for the entire course.

29 Please specify in brief how the completion of the A: Expected income per month `
course is going to help the student in improving B: Anticipated monthly expenses `
his prospects of earning his livelihood: C:Amount available for repayment of loan `
29 A Details of collateral securities offered, if
applicable: (NSC/KVP/LIP/Immovable Property etc.)

30 Whether related to Chairman/ Directors/

employee of our bank or any other banks. If yes,
details of relationship
30A. Any other useful information:
31. I/We hereby apply for a term loan (Education loan) of `.______________________
(`__________________________________________________________________, in words), repayable in
___________ monthly installments beginning___________ years after the disbursal of the loan to enable
______________ ____________________(name of the student) to pursue higher education in
____________________________ (name of course) from________________________________________________
(name of Institution) approved by _________________ (AICTE/UGC/NEC/Govt./ AIBMS/ ICMR etc) affiliated to
_______________________________. I, ______________________ (name of student applicant) am opting/ not opting
for Life Insurance Cover from __________________________ (Name of Insurance Company), premium for which may be
financed by the Bank/ shall be contributed by me from my own sources.

32. It is declared that:

The information given in the loan application is true and nothing has been concealed. The undersigned undertakes to
inform the Bank any change in my residence / office address and to provide any further information that the Bank may
require. The undersigned has been informed of the charges / fee to be levied by the Bank and agrees to pay upfront fee,
documentation charges, etc. as applicable and charged by the bank. The undersigned hereby agree to be bound by
these terms and conditions or by the revised additional terms and conditions which may at any time hereafter be made
while the loan obtained by me/us is still outstanding.

(Signature and Name of student applicant) (Signature and Name of co- borrower (s))

Note: All columns of the form should be properly filled up and supporting documents duly signed by
applicant/co-applicant wherever required should be attached particularly those marked with a *. If there is
guarantor, he/she should also fill up the guarantor information (Part II).

List of documents enclosed:

1. _________________________________________________

2. _________________________________________________

3. _________________________________________________

4. _________________________________________________

5. _________________________________________________

6. _________________________________________________
 Part II Guarantor information

1. Name _______________________________________________________
2. Fathers/Husbands Name _______________________________________________________
3. Address a. Residence* _______________________________________________________
_______________________________________________________
_______________________________________________________
Recent
Location/City____________________________________________
District ____________ Pin Code_____________
Country___________
b. Office. _______________________________________________________
_______________________________________________________
_______________________________________________________
Location/City____________________________________________
District ________________ Pin Code________Country___________

c. Permanent Address _______________________________________________________

_______________________________________________________
_______________________________________________________
Location/City____________________________________________
District ________________ Pin Code________Country___________

d. E-mail Id _______________________________________________________
e. Mobile _______________________________________________________
4. Telephone No.: Residence _______________________________________________________
(with STD code) Office _______________________________________________________
5. Age (yrs.) _______________________________________________________
6. Date of Birth (dd/mm/yyyy):* _______________________________________________________
7A. Gender (male/female) _______________________________________________________
7B. Category _______________________________________________________
(SC/ST/OBC/MINORITY/OTHERS) _______________________________________________________
8. Qualification _______________________________________________________
9. Is he/she is an Income-tax payer? _______________________________________________________
10. Income Tax PAN no.* _______________________________________________________
10 A. Aadhar No.* _______________________________________________________
11. Voter ID No*.
Any one of
12. Passport No.*
11,12 or 13
13. Driving Licence No.*
14. Occupation of Guarantor Self Employed Salaried Professional Others

15. (a)If Self His/her firm is Proprietorship Partnership Pvt. Ltd. Co. Others
Employed/ Years in Business
Professional Total Income in Last 2 yrs(`) Last year: Year before last:
(b) If He/she works for Private sector Public sector (including govt. enterprise) Others
Salaried Designation _______________________________________________________
Name & Address of the _______________________________________________________
employer _______________________________________________________
Years with current employer Yes/No, If yes, 16 Digit account no. and if no details of Salary
Account
Salary a/c with PNB with Bank, Branch and Account No
_______________________________________________________
Total Annual Income (`) Last Year: Year before last:
16. Statement of Assets and Liabilities of the guarantor ( Amount `)
Liabilities Assets
Outstanding Loans Amount Amount
and Advances
Immovable properties:

Land
Bank Building
Employer Movable properties:
Provident fund Cash
Relatives and friends Deposits with banks
Others Investment in govt. securities
Others
Total Total
Net Worth
(Actual in `)
(Enclose photocopies of documentary evidence in support of the above)

16.A. Whether related to Chairman/ Directors/

employee of our bank or any other banks. If yes,
details of relationship

17. Having fully apprised myself of the particulars submitted in loan application dated ________________for
______________________________ (mention purpose ) loan of `. __________________________ to be
considered by the Bank to Shri/Smt./Miss___________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
Son/Wife/Daughter of Shri________________________________________________________________
__________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
,

I have agreed to furnish my guarantee for repayment of the loan. I hereby declare that I know the above
mentioned applicant (s) very well for the last _________ no. of years. The information furnished by me is
true and correct to the best of my knowledge & belief.

(Signature and name of Guarantor)

Date:

Place:

PNB 1218