PNB Rajasthan to disburse Rs 45 cr study loan

JAIPUR: Public sector Punjab National Bank on Wednesday announced to provide easy study loans to students and target Rs 45 crore loan disbursement in this academic session.

"No security, no margin money will be effected to students applying for education loan up to Rs 7.50 lakh for studying in India and up to Rs 15 lakh for studying abroad," PNB General Manager, Rajasthan Zone, S P Singh told a press conference here.

The bank has also come out with reverse mortgage scheme, PNB Baghban, for the senior citizens, he said.

PNB would hold awareness camps for education loan at engineering and professional colleges in the state, he said.