Bank of Punjab Education Loan

The high cost of education in premier institution need no longer stand between you and your career aspirations. If you have the drive, we will take care of your finances.
While you plan your education in world class universities, Education Loan will take care of all your expenses from accommodation and tuition fees to purchasing computers.
Yes, we believe in facilitating world class education to those who aspire. We believe in making careers happen !
Easily affordable terms and quick hassle free processing repayment on monthly installments.
So what are you waiting for ? Just walk into your nearest Centurion Bank of Punjab Branch and a team of executives will assist you in every way almost transporting you to your chosen university.

Eligibility
You are eligible if you : 

Are a resident of India.

Have an offer / admission letter / are bonafide student of a college / university in India or abroad.
Expenses Covered
The following expenses can be claimed under the scheme

Admission / Tuition fee to be payable to College / University / Institution.

Air fare / Travel Expenses.

Boarding and Lodging expenses.

Books and Stationery expenses.

Instruments / equipment / computer expenses required for the course undertaken.

Examination / Library / Laboratory fee.

Any other expense required to complete the course - like study tours, project work, thesis, etc.
 
Rate of Interest
As applicable from time to time.
 
Repayment Plan

Repayment of loan starts after studying & moratorium* period and can go up to a maximum of 7 years.
* Moratorium period is a max. of 6 months after course completion or one month after getting a job whichever is earlier.
 
Documents Required

The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.
Documents Required from both the student / co-applicant 

Identity Proof : Copy of Passport / Driving Licence / Voters Identity Card / Income Tax Pan Card.

Residence Proof : Copy of Passport / Driving Licence / Voters Identity Card / Utility Bills

Age Proof : Copy of Passport / Driving Licence / Income Tax Pan Card / Birth Certificate.

Signature Verification.

One Singed Photograph ( On the face).
Abroad 

Offer / Admission / Bonafide student letter from the university / college in India or Abroad.

Cost of the Course ( including living).

Copy of last examination passed result.

Copy of Passport in case of study abroad.

Documents required from the co-applicant 

Income Proof : Form 16 or Income tax returns for the last two years.

Collateral Security Papers ( if any).

Any other document / information as needed by Bank, depending upon the case and purpose of loan. 



NOTE :

1. All loans are at the sole discretion of Centurion Bank of Punjab Ltd.

2. Repayment of Loan through Post Dated Cheques (PDCs).



 For more Details  :       www.centurionbop.co.in