Punjab National Bank Education Loan interest rates · November 2026
Your education loan at PNB.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 7.10%, you repay ₹12.72 lakh: ₹10 lakh borrowed and ₹2.72 lakh interest.
From the first year, most of each EMI repays the loan.
Every 0.25% off the rate saves about ₹122 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 7.10% p.a.
- Rate type
- Floating
- Pricing published as
- RLLR − 1.25% + BSP
- Benchmark
- RLLR today: 8.35%
- Who it's for
- AAA · IIMs (22), IITs (23), IIFT Delhi, XIM University, BITS Pilani, MDI Gurgoan & XLRI Jamshedpur.
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare PNB's education loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| PM Vidyalaxmi7 borrower bands | 7.10%–8.85% | ₹15,142–₹16,013 | Selected |
| PNB Pratibha3 borrower bands | 7.20%–8.10% | ₹15,191–₹15,636 | |
| PNB Saraswati5 borrower bands | 8.35%–10.35% | ₹15,761–₹16,783 | |
| PNB Udaan (study abroad)7 borrower bands | 8.35%–10.35% | ₹15,761–₹16,783 |
*₹10 lakh over 7 years, before fees. Scheme names follow the bank's published wording.
Every education loan rate PNB publishes
22 rates across 4 schemes, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| PM VidyalaxmiAAA · IIMs (22), IITs (23), IIFT Delhi, XIM University, BITS Pilani, MDI Gurgoan & XLRI Jamshedpur. | As the band says | 7.10% | ₹15,142 | |
| PM VidyalaxmiAAA · NITs (31), MICA Ahmedabad, S. P. Jain Institute of Management and Research, SVKM`s Narsee Monjee Institute of Management Studies, Symbiosis Institute of Business Management, IMT & BITS Pilani (Mumbai,Goa & Hyderabad Campus) IIIT Bangalore & IIFT KOLKATA | As the band says | 7.30% | ₹15,240 | |
| PM VidyalaxmiAA · IIIT Bhagalpur, IIIT Ranchi, IIIT Dharwad, IIIT Srirangam, Bharathidasan Institute of Management (NIRF Code (N-4)), Birla Institute of Technology Ranchi & Indian Institute of Information Technology, Dharwad | As the band says | 7.45% | ₹15,314 | |
| PM VidyalaxmiAA · Indian Institute of Information Technology Vadodara & Indian Institute of Information Technology Vadodara International Campus DIU) | As the band says | 7.50% | ₹15,338 | |
| PM VidyalaxmiAA · Nirma University, Ahmedabad, Gujarat & 08 Constituent colleges | As the band says | 7.60% | ₹15,388 | |
| PM VidyalaxmiAA · 214 other Institutes | As the band says | 8.20% | ₹15,686 | |
| PM VidyalaxmiA · 1118 other Institutes | As the band says | 8.85% | ₹16,013 | |
| PNB PratibhaLoan amount above Rs.7.50 lakhs Student getting admission in IIMs & IITs (which are not covered under PM Vidya Laxmi Scheme), ISB Hyderabad, ISB Mohali | Loans above ₹7.5 lakh | 7.20% | ₹15,191 | |
| PNB PratibhaLoan amount above Rs.7.50 lakhs Student getting admission in NIT’s (which are not covered under PM Vidya Laxmi Scheme) & FMS-Delhi. | Loans above ₹7.5 lakh | 7.50% | ₹15,338 | |
| PNB PratibhaLoan amount above Rs.7.50 lakhs Student getting admission in other than above mentioned institutes listed under PNB PRATIBHA Scheme | Loans above ₹7.5 lakh | 8.10% | ₹15,636 | |
| PNB SaraswatiLoan amount above Rs. 7.5 Lakhs for pursuing MBBS/MD/MS/PG (in medical after completing MBBS) (where minimum 100% collateral security is available) | Loans above ₹7.5 lakh | 8.35% | ₹15,761 | |
| PNB SaraswatiLoan irrespective of amount (where minimum 100% collateral security is available) · Rate of Interest (Other than Female Student) | As the band says | 9.60% | ₹16,395 | |
| PNB SaraswatiLoan irrespective of amount (where minimum 100% collateral security is available) · Rate Of Interest (Female Student) | Women borrowers | 9.10% | ₹16,140 | |
| PNB SaraswatiLoan upto Rs.7.50 lakhs (covered under CGFSEL Scheme) · Rate of Interest (Other than Female Student) | Loans up to ₹7.5 lakh | 10.35% | ₹16,783 | |
| PNB SaraswatiLoan upto Rs.7.50 lakhs (covered under CGFSEL Scheme) · Rate Of Interest (Female Student) | Women borrowers · Loans up to ₹7.5 lakh | 9.85% | ₹16,524 | |
| PNB Udaan (study abroad)Loan amount above Rs. 7.5 Lakhs for pursuing MBBS/MD/MS/PG (in medical after completing MBBS) (where minimum 100% collateral security is available) | Loans above ₹7.5 lakh | 8.35% | ₹15,761 | |
| PNB Udaan (study abroad)Loan irrespective of amount to student getting admission into top 50 institutes (where minimum 100% collateral security is available) · Rate of Interest(Other than Female Student) | As the band says | 8.35% | ₹15,761 | |
| PNB Udaan (study abroad)Loan irrespective of amount to student getting admission into top 50 institutes (where minimum 100% collateral security is available) · Rate Of Interest(Female Student) | Women borrowers | 8.35% | ₹15,761 | |
| PNB Udaan (study abroad)Loan irrespective of amount (where minimum 100% collateral security is available) · Rate of Interest(Other than Female Student) | As the band says | 9.60% | ₹16,395 | |
| PNB Udaan (study abroad)Loan irrespective of amount (where minimum 100% collateral security is available) · Rate Of Interest(Female Student) | Women borrowers | 9.10% | ₹16,140 | |
| PNB Udaan (study abroad)Loan upto Rs.7.50 lakhs (covered under CGFSEL Scheme) · Rate of Interest(Other than Female Student) | Loans up to ₹7.5 lakh | 10.35% | ₹16,783 | |
| PNB Udaan (study abroad)Loan upto Rs.7.50 lakhs (covered under CGFSEL Scheme) · Rate Of Interest(Female Student) | Women borrowers · Loans up to ₹7.5 lakh | 9.85% | ₹16,524 |
*₹10 lakh over 7 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How PNB compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates PNB's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 1 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 8.10% | |
| 1 month | 8.35% | |
| 3 months | 8.60% | |
| 6 months | 8.75% | |
| 1 year | 8.90% | |
| 3 years | 9.20% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
| Older benchmark | Rate | Effective from |
|---|---|---|
| Base rate | 9.50% | 1 Jul 2026 |
| Benchmark prime lending rate (BPLR) | 14.00% | 1 May 2012 |
Loans taken before April 2016 may still be linked to these.
Official Checked 15 Nov 2026 · Bank's own page
PNB education loan: questions borrowers ask
Which PNB education loan scheme has the lowest rate?
PM Vidyalaxmi, from 7.10% a year (priced as RLLR − 1.25% + BSP). Punjab National Bank publishes 4 education loan schemes we read; each has its own conditions, so check which you qualify for.
What is the PNB education loan interest rate?
As of 15 Nov 2026, Punjab National Bank publishes education loan rates of 7.10% to 10.35% a year (floating). The lowest, 7.10%, is for: AAA · IIMs (22), IITs (23), IIFT Delhi, XIM University, BITS Pilani, MDI Gurgoan & XLRI Jamshedpur.. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹10 lakh education loan from PNB?
At PNB's lowest published rate of 7.10%, a ₹10 lakh education loan over 7 years costs about ₹15,142 a month, or ₹2,71,895 in interest over the loan. Charges and insurance are extra.
Are PNB loans linked to the repo rate?
Punjab National Bank's repo-linked lending rate (RLLR) is 8.35% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is PNB's MCLR?
Punjab National Bank's 1-year MCLR is 8.90%, effective 1 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is PNB cheaper than other banks for a education loan?
Of the 6 banks we read for education loans, PNB's lowest published rate (7.10%) ranks number 3; the lowest is 6.95% at Central. Compare the charges as well as the rate.
Does RateScan get paid by PNB?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
More from PNB
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How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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