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Home › Education Loan › Punjab National Bank

Punjab National Bank Education Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Punjab National Bank advertises education loan rates starting from 7.1% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹23,325 a month.

Starting rate7.1%per annum
EMI per month₹23,325₹20 lakh, 10 years
Total interest₹7,98,989over the full term
Max tenuren/aas stated by the bank

PNB education loan rates and charges

Starting interest rate7.1% per annum
Applies toListed premier institutes (IIMs, IITs and others); loans up to ₹7.5 lakh from 8.60%
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Punjab National Bank official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

PNB education loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹10 lakh for 7 years₹10 lakh for 10 years₹10 lakh for 15 years₹20 lakh for 7 years₹20 lakh for 10 years₹20 lakh for 15 years₹30 lakh for 7 years₹30 lakh for 10 years₹30 lakh for 15 years

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Frequently asked questions

What is the Punjab National Bank education loan interest rate?

Punjab National Bank's website advertises education loan rates starting from 7.1% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹20 lakh education loan from Punjab National Bank?

At the starting rate of 7.1% over 10 years the EMI is about ₹23,325 a month, with total interest of about ₹7,98,989. A higher personal rate would raise this.

What is the processing fee for a Punjab National Bank education loan?

The Punjab National Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Punjab National Bank charge prepayment charges on a education loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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