udaan

PUNJAB NATIONAL BANK RAD CIRCULAR No 54/2016RETAIL 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) iv) Insurance premium for student borrower.. 2013 are not required to obtain Eligibility Certificate from the Medical Council of India. which shall also form a part of appraisal note.*** viii)Any other expense required to complete the course . fee waiver etc. if required for completion of the course. project work. “Any Indian citizens. However. iii) Travel expenses/ passage money for studies abroad.*** ix) While computing loan required. iii) In terms of Section 1(2) of the IMC Ordinance. . Where Sanctioning Authority considers employability and earning potential as unfavorable. 2013. However. the same requires concurrence of the Circle Head. v) Caution deposit. x) If the scholarship component is included in the loan assessment. * Lodging and boarding charges be considered in case the student chooses / is required to opt for outside accommodation. In case. if any available to the student borrower may be taken into account. 2013 with effect from 15th May. Building fund/refundable deposit supported by Institution bills/receipts. it may be ensured that the scholarship amount gets credited to the loan account when received from the Government.” 2(iii) Expenses considered for loan: i) Fee payable to college/ school/ hostel. ii) The assessment of employability and earning potential be done on the basis of placement record of the Institute.* ii) Examination/ Library/ Laboratory fee..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. etc. if applicable. thesis. the charges being levied by other colleges/ educational institutes in the area shall be applicable. 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. 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. scholarships.like study tours. ** vi) Purchase of books/ equipments/ instruments/ uniforms. no such facility is provided by the college/ educational institute.*** vii) Purchase of computer at reasonable cost. these charges should not exceed the charges stipulated by the respective college/ University for the accommodation/ hostel facilities provided by them. in cases where these facilities are not being provided by any educational institutes in the area where the respective institute is situated. who intend to obtain primary medical qualification from any foreign country on or after 15th May. However. for which education loan has already been sanctioned. Reimbursement of expenses incurred by student borrower towards lodging and boarding charges. The reimbursement will. Therefore.00 lac for studies Abroad. Requirement of additional Education Loan for the same course. Quantum of Finance: Need Based Finance to meet the expenses as per Para-2(iii) above be considered (taking into account the prescribed Margin). be within the sanctioned limit and subject to production of proper receipt/ documentary evidence or proof of payment to the satisfaction of the bank. vi. 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. Max. 3. ** 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. . a realistic assessment may be made of the requirement under these heads. 4.20. vii & viii may be capped at 20% of the total tuition fees payable for completion of the course. however. 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. subject to the following ceilings: Studies abroad . 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. Circle Heads and above have full discretion for sanctioning higher quantum of loan keeping in view the merits of the case. in case they opt for outside accommodation other than that provided by College/ University. Rs. vii & viii above may not be available in the schedule of fees and charges prescribed by the college authorities. the maximum expenses included under vi.00 lac Branch Head of RAPC (CM & above) is vested with powers for sanctioning upto Rs. *** It is likely that expenditure under Item Nos.40. Reimbursement after a period of more than six months may be considered at Circle Head level. However. the guidelines of which have been issued vide RAD Cir no. However in such cases the security norms shall be as under : b1) Up to Rs.Tangible collateral security of suitable value acceptable to bank. collateral security in the form of suitable third party guarantee be taken. . Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis. ii) Above Rs. No Security.00 lac . Sanctioning Authority to consider joint-borrower (other than parent/ guardian acceptable to the Bank. all eligible education loans upto Rs.7.00 lac and upto Rs.5. 4. Security i) Up to Rs.09.50 lac sanctioned on and after 16.NIL Above Rs. b) Education Loan to children of PNB’s Employees where employee is either co-borrower or guarantor are exempted for coverage under CGFSEL scheme.03. waive third party guarantee. at its discretion. 7.00 lac . 4.50 lac: Besides the parent(s)/guardian executing the documents as joint borrower(s). 4. if satisfied with the net-worth/ means of parent/s who would be executing the document as joint borrower(s). 6. However.15% . in case of adverse credit history of the parent/ guardian of the student borrower. a) However. Margin Up to Rs. 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.2016.7.50 lac: Parent(s)/guardian be made joint borrower (s). 7. b2) Above Rs.00 lac: Parent(s)/guardian be made joint borrower (s). No tangible Security and /or 3rd party guarantee be obtained.Scholarship/ assistantship be included in margin. 19/2016 dated 31.2015 shall be covered under the Credit Guarantee Fund Scheme on Education Loan (CGFSEL). in exceptional cases.50 lac: Parent(s)/guardian be joint borrower(s). 4. The Sanctioning Authority may. 10% EDSTM either co-borrower or guarantor. 10. Rate of Interest: As advised by IRMD. gold.04. enforceable under MCLR + 1. the unencumbered portion be taken as security on second charge basis provided it covers the required loan amount.25% for outstanding above Rs. Others MCLR+0.00 lacs and 0. NSC. securities/ Public Sector Bonds/Units of UTI. ii) Rebate of 0. in terms of L&A Cir no 41/2016 dated 09.60% EA75M Loans irrespective of amount (where 100% tangible collateral security in the shape of IP.50 lac MCLR + 2.00% E75CM (covered under CGFSEL Scheme) Loan above Rs.2016 for the cases under MCLR system as under:-: Parameter ROI for all fresh Interest sanctions made Table Code on and after 01. iv) Wherever the land/ building is already mortgaged.50% in ROI permitted to women beneficiaries for outstanding up to Rs.7. HO from time to time.7.04. 10. KVP. i) Simple interest is charged during the Repayment holiday/ Moratorium period.2016 Loan upto Rs. and/or liquid security is available) Loan for a.00 lacs.06.60% EDUCM universities and CGFSEL Scheme educational institutes (201) under PNB Udaan (Annexure II) b.10% EDUSM SARFAESI Act. presently.7. 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. and shares/mutual fund units/debentures. .50 lakh education from covered premier foreign under MCLR +0. iii) The security can be in the form of land/ building/ Govt.2016 ROI effective from 01.10% EDUUM Education Loan to children of PNB’s Employees where employee is MCLR + 0. 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. life policy. Loan upto pursuing Rs.50 lac MCLR + 2. benefit of concession is given only once (at the time of closure of loan) during entire tenure of the loan. 8.10%.e. as the case may be. and loans extended to children of PNB’s Employees where interest rate charged is MCLR+0.60%. full course period + 1 year.iii) No concession shall be available for pursuing courses at 201 Education institutes where interest rate charged is MCLR+0. shall be done with the concurrence of the Circle Head of the branch concerned and conveyed to the student stating reason for rejection. i. iii) Rejection of loan application. 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. the future income prospect of the student will be looked into. v) The benefit of concession as at (iv) above is not passed twice. The said 1% concession in ROI be allowed at the closure of education loan for full tenure of the loan.e. 25000/ as applicable to Retail Advances presently 2% on the default/irregular portion.10%.. as the case may be. up to Rs. vii) Penal interest @ 2% is charged (subject to provisions of Priority Sector).10% or MCLR +0. 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.. after providing all concessions in Rate of interest as stated hereinabove.50% / MCLR+0. Upon receipt of application. as the case may be. viii) The rate of interest to children of PNB’s 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. 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. . while appraising the loan. if any.60% / MCLR+0. ii) In the normal course. 25000/ .e.50%. 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. ROI at any time is not below BR+0. and in all the remaining accounts ROI at any time is not below BR / MCLR of Bank. Appraisal/Sanction/Disbursement: i) Applications will be received either directly at bank branches or through on- line mode. The concession shall not be available where the interest rate charged is MCLR+0. vi) In all accounts covered under CGFSEL scheme.NIL and above Rs. i. Sanctioning Authority may at his discretion. iii If the student is not able to complete the course within the scheduled time for reasons beyond his control. keeping in view the genuineness. on declaration by the applicant and production of bills). However. the sanction of loan will be as per delegation of powers. professionals like Doctors). However. 9. Loan to be sanctioned by the Branch/Retail Asset Processing Centre nearest to the place of residence of the parents of the student. (Branch manager empowered to permit extension in moratorium period up to maximum two years in deserving cases under reporting to Circle Head). The amount of loan be disbursed in stages as per requirements/demand. iv) Normally. . In case the student discontinues the course midway. Repayment of the loan will be in equated monthly installments (EMIs) for a period of 15 years for all categories. for sanctioning and disbursement at a branch other than the said Branch/Retail Asset Processing Centre. v. amount may be disbursed/reimbursed by crediting his/her Savings account. v) Education loan is to be disbursed in the shape of Term Loan. iv The accrued interest during the repayment holiday period be added to the principal and repayment in Equated Monthly Installments (EMI) fixed. 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.g. Note: No prepayment penalty be levied for prepayment of loan. Repayment i. accessibility and aspect of recovery of loan. Circle Head of the respective Circle can consider the same on the merits of individual case. 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. Repayment holiday/Moratorium: Course period + 1 year. ii. 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. loan application will be accepted by the branch nearest to the residence of parents. 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. 07. provide as under: “The charges prescribed for change in terms & conditions sought by the borrower. 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. shall be 0. except in CDR/restructuring cases.2014 which.e.and Maximum Rs. as circulated L&A Circular 87/2014 dated 12. vi) Request for extension in Repayment period from the Education Loan borrowers is obtained and held on record. wherever applicable.” 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. in ‘repayment period’ is (a) need based. which are ‘standard’ in the books of Bank as on the date of allowing such extension. if any. .10. and the same shall not be treated as restructuring. 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.000/. • Supplementary Agreement (in case of student borrower being ‘Minor’) as per Annexure B. vii) Charges for change in terms & conditions of sanction are recovered in terms of guidelines. ii) Extension is allowed only in Education Loan accounts. • Consent of Guarantor. iv) Such accounts are not treated as restructured accounts. All Incumbents to ensure that: i) Extension. Extension in Repayment Period: i) Existing Education Loan borrowers. iii) Such Extension in Repayment Period is not allowed with retrospective effect. interalia. and (b) is allowed only after taking into account the repaying capacity of the borrowers. 5 lakh).02% of loan amount (Minimum Rs.1. before and after allowing such extension) not to exceed the maximum permissible ‘Repayment Period’ allowed under the Scheme. as the case may be. v) Total Repayment Period (i. For this purpose financial and other supporting documents may be obtained from applicant.00 lac .7. 15.upto Rs.270/.exclusive of service tax and education cess). (Presently Rs. any number of applicants belonging to the same family may be sanctioned loans upto Rs.above Rs. 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.000/. 12.) 16. 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. Capability Certificate Incumbents may also issue the capability certificate for students going abroad for higher studies. 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. Reference may be made to the relevant circulars issued from time to time by Retail Assets Division. . Documentation Charges As prescribed from time to time be recovered. 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’. if required. (Some of the foreign universities require the students to submit a certificate from their bankers about the sponsors' solvency/ financial capability. 13. HO on the subject.11. 14. In other words.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. 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. 4 lac and Rs.450/.4.50 lac individually without insisting for any security/guarantee.10. The loan is to be mandatorily covered under CGFSEL scheme. Processing Charges/Upfront fee Upfront fee @ 1% with a minimum of Rs. 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..00 lacs taking into account the absolute threshold exposure).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. any number of applicants belonging to the same staff member may be sanctioned loans upto Rs. *ABSOLUTE THRESHOLD EXPOSURE for this purpose (in terms of IRMD. It is further clarified that whenever such top up loans are extended.52/2014 dated 28. 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. the powers to consider top up loan shall also be vested with Circle Head & above. i. with appropriate re-schedulement of existing loan taking into account absolute threshold exposure. . where employee is either co- borrower or guarantor. Circle Heads and above shall have discretion for sanctioning higher quantum of loan keeping in view the merits of the case. The repayment of loans will commence after completion of the second course and further moratorium period as provided under the scheme. plus additional loan limit proposed to be sanctioned. accessibility. however. recovery of loan and subject to taking required security. sanctioning authority of existing education loan. ROI. be within the overall eligibility limit. future repaying capacity of the student borrower.00 lac individually without insisting for any security/guarantee. Further. L&A Circular No.4.40. The sanction shall. For education loan to children of PNB’s Employees. irrespective of the amount of top up loan. 17.e.04. where existing education loan has been sanctioned by Circle Head & above. 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. However. genuineness. in cases. 23. . 22. In case of married person. Further. Confidential Report i) Borrower: No CR be compiled as the loan application form will indicate the required information. confirmation from student be obtained as per PNB 1147. Loaning Powers As per Loaning Power Chart in force from time to time. In case parents are not alive.Agreement (PNB 1116) duly stamped be taken. grandparent(s) be taken as joint borrower.Agreement (PNB 1117) duly stamped be taken. acceptable to the Bank. Documentation i) PNB 1218 . Change of Address In order to safeguard bank’s interest. No Dues Certificate No dues certificate need not be insisted upon as a pre-condition for considering education loan.Loan Application. 24. 20. ii) Guarantor(s) / Joint borrower(s): CR be compiled on 282(C). 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. in case of adverse credit history of the parent/ guardian of the student borrower. 19. v) Letter of Guarantee (PNB 58) duly stamped as an Agreement be taken where applicable. joint borrower can be spouse or the parent(s)/parent(s)-in-law. However. Joint Borrower Joint borrower should be parent(s)/guardian of the student borrower. Minimum Age There is no specific restriction with regard to the age of the student to be eligible for education loan. Sanctioning Authority may consider joint borrower (other than parent/ guardian). 21. a declaration/an affidavit confirming that no loans are availed from other banks may be obtained. ii) In case the student is Minor .18. iv) In case the student is Major . iii) On attaining majority. vi) Proof of having cleared last qualifying examination. x) In case loan is to be collaterally secured by mortgage of IP. iv) Proof of Age. irrespective of the sanctioned amount. are mentioned. Transfer of Account In order to facilitate hassle free deposit of repayment dues. 26. and to have proper monitoring. 27. vii) Letter of admission. 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. 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. Illustrative Check List i) Loan application on Bank's format. will be considered as eligible for classification under the Priority Sector. copy of Title Deed. Examination Fee. whether or not he/she shows good results at the institution he/she has joined for studies and where institution/college allows student to . this should be duly communicated to the borrower. viii)Prospectus of the course wherein charges like Admission Fee. Classification Advances allowed to individuals under the PNB Udaam Scheme up to Rs. xi) Photocopy of Passport & Visa xii) Any other document/information. depending upon the case and purpose of the loan. Valuation Certificate and Non-encumbrance Certificate from approved Lawyer of the Bank be obtained at the cost of the borrower. procedure given in Book of Instruction on Loans and other guidelines issued from time to time be followed. However.00 lacs. vi) In case Coll.20. 25. iii) Proof of Address. ii) Passport size photograph. v) Copy of PAN of student Borrower*. Hostel Charges etc. the same be obtained within one year of disbursement of loan 28. ix) Details of Assets & Liabilities of parents/co-obligants/guarantors. Sanctioning Authority may allow disbursement of subsequent instalments depending upon: a. Security is taken in the shape of Mortgage of IP. *If PAN is not available at the time of sanction. v) Monitoring of loans be done by branch.) ii) Loan pass book be issued to the borrower containing details such as date of sanction of loan.” viii)Tracking of Student after completion of the course be coordinated with the Educational Institutions. In case PAN is not available at the time of sanction. vii) PAN of the student be obtained at the time of sanction. 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. I shall request disbursement of next installment of loan only after submission of PAN card. 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. ix) Branches to obtain/ receive the progress reports of the student borrower electronically wherever possible. obtention of PAN should not be made a pre-condition for sanction/ disbursement of education loans. . vi) Circle Heads to ensure constant monitoring of follow up/ tracking. However. (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. amount of loan sanctioned. the same be obtained within one year of disbursement of loan. 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. b. Help of Alumni Forums of Educational Institutions be also taken for valuable feedback. subsidy received (if any) rate of interest. 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. Whether or not reports about his/her conduct are satisfactory. due date of installment etc. amount due under each installment. 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. 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. financing is being done for various courses and considerable share of outstanding under the scheme is for studies abroad. been observed that once the student goes abroad/ gets the status of NRIs/settles abroad. c) To approach another bank functioning nearer to place of their residence. i) ‘Genuinely Stress’ (GENST) ii) ‘Untraceable’ (UNTRC). Further. As such. . no Education Loan application be rejected for the reason that residence of the borrower does not fall under the Bank’s service area. 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. however. It has. b) To approach another bank as per arrangement among local banks. iii) ‘Capable but not paying’ (CABNP) 30. ii) Under the Education Loan Schemes. 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. 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. relationship with him/her is not continued beyond the transactions relating to Education Loan. As and when the Education Loan Account slips into NPA Category.29. Some of the reasons quoted are: a) Place of domicile of applicant falls under service area of another bank. 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. 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. This will facilitate to track the student after completion of the course effectively if co-ordinated with the education institutions. he becomes a good source of generating foreign exchange/Deposits. ********* . of students be entered under Free Text 12 of V details of loan account. Interest certificates can be generated by invoking Menu Options ‘INTCERT’ in Finacle. be our endeavour to continue banking relationship with such students. v) The PAN No. As soon as the student starts earning abroad. 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. It is. Filling of this field is mandatory being the only identifier of the accounts opened under CGFSEL scheme. iv) Branches to enter “CGFEL” against Guarantee cover code under V detail in CBS. therefore. 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. PNBRPT ‘3/56g’ and ‘3/56h’ in MIS. therefore. Progress in this be monitored on monthly basis at the level of Circle Offices. It should. The guideline for capturing course details is available at Annexure C. iii) Branches to capture the course details through “CDEDU” menu in CBS. Annexure II (RAD Circular 54/2016 dated 10. 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 Zürich – Swiss Federal Institute of Technology Zürich 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-Universität München Germany 31 University of Wisconsin-Madison United States 32 University of British Columbia Canada 33 University of Melbourne Australia 34 École Polytechnique Fédérale de Lausanne Switzerland 35 London School of Economics and Political Science (LSE) United Kingdom 36 University of Edinburgh United Kingdom .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.08. 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 École 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-Universität Göttingen Germany 68 Ohio State University United States 69 Rice University United States 70 Universität 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 Universität Basel Switzerland 76 University of Southern California United States . 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. Santa cruz United States 110 university of New South wales.Rank Name of Institution Location 77 University of Amsterdam Netherlands 78 École Normale Supérieure France 79 Utrecht University Netherlands 80 Humboldt-Universität zu Berlin Germany 81 Freie Universität 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. 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 . 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 Universität München Germany 100 Uppsala University Sweden 101 Maastricht University Netherlands 102 Purdue University United States 103 University of Helsinki Finland 104 Université Pierre et Marie Curie France 105 University of Warwick United Kingdom 106 University of Zürich Switzerland 107 University of Geneva Switzerland 108 queen Mary university of London United Kingdom 109 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 115 University of York United Kingdom 116 Case Western Reserve University United States 117 University of Groningen Netherlands 118 Royal Holloway. 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. University of London United Kingdom 119 Lund University Sweden 120 Université 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 Universität Dresden Germany 136 Université de Lausanne Switzerland 137 VU University Amsterdam Netherlands 138 Trinity College Dublin Republic of Ireland 139 Boğaziçi 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. 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 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 École Normale Supérieure de Lyon France 162 University of Utah United States 163 Albert-Ludwigs-Universität 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 Université 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 Université Joseph Fourier. Grenoble France 180 University of Delaware United States 181 Université Paris Diderot . 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 ************* . Rank Name of Institution Location 193 Fudan University China 194 Iowa State University United States 195 Universität Bonn Germany 196 Lomonosov Moscow State University Russian Federatio 197 St George's. The “Borrowers”. WHEREAS the Borrowers have approached the Bank and requested for extension of repayment period of aforesaid education loan. a Branch Office at ____________________________ (the “said BO”). resident of ___________________________________. and the singular includes the plural and vice versa. the “Student” and the “Parent/Guardian” are collectively referred to as the “Borrowers”. WHEREAS the said education loan is secured by guarantee of____________________________/and/or mortgage of property situated at___________________________________of the Borrowers. WHEREAS the Bank has. resident of ___________________________________. Bhikhaiji Cama Place. 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___________________. 1970. .____________________________ (Rupees __________________________ only) from the Bank and have executed an Agreement on ____________ in respect of the said facility detailing the terms and conditions thereof. having its Head Office at 7. WHEREAS the Borrowers are unable to keep up repayment schedule. New Delhi and. amongst others. legal representatives. successors. an Education Loan of Rs. a body corporate. The masculine gender is to be taken to include females. include each one of them and their liability shall be JOINT & SEVERAL) WHEREAS the Borrowers have been availing. The Borrowers confirm that the balance due in the above said education loan account is Rs. etc. NOW IN CONSIDERATION OF THE BANK agreeing to extend the repayment period as aforesaid to the Borrowers agree as under: 1. (hereinafter called the “Parent/Guardian”). hereinafter called the “Bank”. AND Punjab National Bank. (hereinafter called the “Student”) and Shri/Ms_______________________son/ daughter/ wife of Shri___________________. at the request of the Borrowers has agreed for extension of repayment period by_______years from________. as agreed in the Loan Agreement dated _______. assigns. (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._____________ as on _________ and acknowledge the liability to repay the same. inter-alia. constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act. On the amounts in default from the date of default.(hereinafter referred to as the “Benchmark Rate”) i. the Borrower to pay increased interest @ ___ % p. 4. presently being ………. as prescribed by the Bank from time to time. In the event of there not being any Spread and/or Reference Rate.. 3. ._____________________ and further interest and monies thereof in the said education loan as per the revised schedule of repayment specified in Schedule-I herein. 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.. applicable Interest Tax and incidental charges. The Borrowers agree and undertake to repay the outstanding amount of Rs. 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. 5. etc. if any. 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. whether debited or not in the Loan account.2.% as spread over _____________ Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank.e ……. Notwithstanding any other clause of the agreement.%. or b. The Borrowers agree to repay the outstanding loan amount alongwith interest at……….. with agreed rates over and above the agreed rate as under: a. 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.% per ________ with _______ rests plus applicable interest tax. The _____________ MCLR will be changed from time to time by the Bank subject to the reset of interest rate after an interval of ___________ months.a. The Spread may also change from time to time and the revised rate of interest shall accordingly be charged from time to time. On the amount outstanding from the date of recall or from the date the account becomes irregular.. as and when due / leviable. 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. BORROWERS FOR PUNJAB NATIONAL BANK . 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. 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 PARTIES HAVE SIGNED THESE PRESENTS ON THE DAY. 8. IN WITNESS WHEREOF. MONTH AND YEAR FIRST ABOVE MENTIONED. 6. This agreement is supplemental to and not in derogation of earlier agreements/documents executed in favour of Bank. (hereinafter referred as ‘‘Borrower”) for himself/ herself and for and on behalf of Shri/Ms_______________________.____________________________ (Rupees __________________________ only) from the Bank and has executed an Agreement on ____________ in respect of the said facility detailing the terms and conditions thereof. a Branch Office at ____________________________ (the “said BO”). 1970. inter-alia. WHEREAS the said education loan is secured by guarantee of____________________________/and/or mortgage of property situated at___________________________________of the Borrower. Bhikhaiji Cama Place. a body corporate. successors. WHEREAS the Borrower is unable to keep up repayment schedule. assigns. AND Punjab National Bank. New Delhi and. and the singular includes the plural and vice versa. hereinafter called the “Bank”. etc. constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act. as agreed in the Loan Agreement dated _______. as natural/ court appointed guardian. resident of ___________________________________. WHEREAS the Bank has. at the request of the Borrower has agreed for extension of repayment period by_______years from________. The “Borrower”. legal representatives. having its Head Office at 7. include each one of them and their liability shall be JOINT & SEVERAL) WHEREAS the Borrower has been availing. WHEREAS the Borrower has approached the Bank and requested for extension of repayment period of aforesaid education loan. a minor born on __________________________ ( the “Student”) son/ daughter/ wife of Shri___________________________________. amongst others. (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. resident of _________________________________________________________________ __. The masculine gender is to be taken to include females. 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___________________. an Education Loan of Rs. NOW IN CONSIDERATION OF THE BANK agreeing to extend the repayment period as aforesaid to the Borrower agree as under: . In the event of there not being any Spread and/or Reference Rate.e ……. whether debited or not in the Loan account. etc..% per ________ with _______ rests plus applicable interest tax. ii. with agreed rates over and above the agreed rate as under: 1. The Borrowers agree to repay the outstanding loan amount alongwith interest at………. The Spread may also change from time to time and the revised rate of interest shall accordingly be charged from time to time.a. .. 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.. The Borrower agrees and undertakes to repay the outstanding amount of Rs. as prescribed by the Bank from time to time. 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 _____________ MCLR will be changed from time to time by the Bank subject to the reset of interest rate after an interval of ___________ months. if any. iii. On the amount outstanding from the date of recall or from the date the account becomes irregular.. iv. the Borrower to pay increased interest @ ___ % p. presently being ………. i._____________________ and further interest and monies thereof in the said education loan as per the revised schedule of repayment specified in Schedule-I herein. or 2. Notwithstanding any other clause of the agreement. 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. 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.(hereinafter referred to as the “Benchmark Rate”) i. applicable Interest Tax and incidental charges. 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. On the amounts in default from the date of default.% as spread over _____________ Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank. as and when due / leviable. IN WITNESS WHEREOF. viii. 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 PARTIES HAVE SIGNED THESE PRESENTS ON THE DAY. 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. vi. This agreement is supplemental to and not in derogation of earlier agreements/documents executed in favour of Bank. vii. 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. 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: . Moratorium Period: User is required to enter maximum 2 digit numerical number denoting the month for which the moratorium has been allowed. System will check the account number and display the name of account holder. Course Code: User is required to press “F2” key and select the appropriate code/course by using the key “Shift-F4”. Loan Account: User is required to enter sixteen digit account no. 6. 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”. 3. .1. a separate field will be displayed which the user has to fill manually. 4. of the eligible borrower and press F4 key. 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”. User can cross check the eligible account for which data is intended to be entered. 2. Course Duration: User is required to enter maximum 2 digit numerical number denoting the month for which the course is being pursued. If course selected is “014-OTHERS”. 5. Otherwise the field shall be disabled. 16. 15. 9. User is required to enter ‘Y’ and press key F4. Free Text 1: User to presently keep the field blank. 8. authorized official is required to invoke the same menu option ‘CDEDU’ and to press key F4 after entering value ‘V’ in function field. . 18. ________. 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”. 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. 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”. 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”. 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”. The following message will appear on the bottom of the screen “RECORD INSERTED FOR A/C NO. 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. 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. 14.e.g for all IIT’s the group should be defined as “IIT” and for all IIM’s the group should be defined as IIM. 10. All the un-authorised entries will be visible in the background. 11. Continue Y/N : After entering appropriate values in all the fields. For verification. The record so saved is required to be verified by the authorized official other than the enterer. 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. Free Text 2: User to presently keep the field blank. Authorized official is required to enter ‘Y’ in the field ‘SAVE Y/N’ and press key F4 to verify the record. PLEASE VERIFY”. 12. 17.7. system will prompt to enter ‘Y’ in this field to save the record. 13. 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. The modification done by a user is also required to be verified by authorized official with appropriate work class.3 HELPING MESSAGE/SUPPORT IS ALSO AVAILABLE THROUGH ‘F2’ KEY. 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).4 FOR ANY RECTIFICATION IN THE FIELD “CTRL-F” BE USED FOR REMOVAL OF THE EXISTING DATA. 21. the authorized official is required to modify the record through function ‘M’. USER IS REQUIRED TO PRESS ‘F4’ KEY BEFORE MOVING TO NEXT FIELD TO VALIDATE THE VALUE. . 21. WHEREVER APPLICABLE.19. 20. IMPORTANT: USER TO ENSURE THAT: 21.2 AFTER ENTERING OF DATA IN ONE FIELD. 21. In case it is noticed that record entered and verified by the authorized official has some mistakes and requires some modification. Record duly entered and verified can be seen through function ‘I’. * (c)(i) Voter ID No. What the Student at present is doing . Details of Bank Account.* 8 a) Nationality b). (with STD code) : 7(a) Income Tax Pan No. 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. if any 9. Telephone No. Annexure-D APPLICATION FORM FOR TERM LOAN FOR PURSUING HIGHER EDUCATION Branch Office: ____________ Date of Application: ________ Part – I Student Applicant's information 1. Mobile 6.* these (iii) Driving Licence No. if any Bank Branch A/C No . Applicant’s Name Last: First: Middle: 2.* Any one of (ii) Passport No.Particulars of Scholarships / Prizes won for academic distinction. if applicable 7 (b) Aadhar No. Age ___ Yrs. 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.* . 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. Category SC/ST/OBC/MINORITY/OTHERS 5A E-Mail id 5B. Father’s/Husband’s/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. Past experience. if any 12.A Income from all sources (Amt in Rupees) th 10. art – I A Co-borrower's information 14. Co-borrower's Name Last: First: Middle: 15.* 20 (b) Aadhar No. * (c)(i) Voter ID No. Occupation. if yes.Status of current residence ❏Owned ❏Rented ❏Other. securities Others Total Total Net Worth (Actual in `) .* Any one of these (iii) Driving Licence No.(a) Income Tax Pan No. a/c no. (please specify) 25. Income from all sources 22 Work Experience in Service/business/profession 23. of dependents f) Banking with us Yes/No. Telephone No. 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. 24. (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. 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. (with STD code) 19 Relationship with student 20. give complete particulars 21A. / Customer Id. already availed for the student or any member(s) of the family from PNB or any other Bank/financial institution: 27.* 21. if any. Father’s/Husband’s Name 16.* (ii) Passport No. if earning e) No. Present Banker detail Bank Branch A/C No 26 Details of Education Loan(s). 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. subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.) 30 Whether related to Chairman/ Directors/ employee of our bank or any other banks. 28. 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. 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. Summary of Fee etc. details of relationship 30A. If yes. Any other useful information: . _________________________________________________ 6. he/she should also fill up the guarantor information (Part II). (Signature and Name of student applicant) (Signature and Name of co. 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.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 *. 32.31. 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. _________________________________________________ 5./ AIBMS/ ICMR etc…) affiliated to _______________________________. I. in words). _________________________________________________ 2. _________________________________________________ 3. List of documents enclosed: 1. premium for which may be financed by the Bank/ shall be contributed by me from my own sources. 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. The undersigned has been informed of the charges / fee to be levied by the Bank and agrees to pay upfront fee. It is declared that: The information given in the loan application is true and nothing has been concealed.______________________ (`__________________________________________________________________. documentation charges. ______________________ (name of student applicant) am opting/ not opting for Life Insurance Cover from __________________________ (Name of Insurance Company). I/We hereby apply for a term loan (Education loan) of `. as applicable and charged by the bank. _________________________________________________ . _________________________________________________ 4. etc. If there is guarantor. Gender (male/female) _______________________________________________________ 7B. Office. Part – II Guarantor information 1. Date of Birth (dd/mm/yyyy):* _______________________________________________________ 7A. E-mail Id _______________________________________________________ e.: Residence _______________________________________________________ (with STD code) Office _______________________________________________________ 5. Voter ID No*. Category _______________________________________________________ (SC/ST/OBC/MINORITY/OTHERS) _______________________________________________________ 8. Name _______________________________________________________ 2. Address a. Passport No. Branch and Account No _______________________________________________________ Total Annual Income (`) Last Year: Year before last: . (a)If Self His/her firm is ❏Proprietorship ❏Partnership ❏Pvt.* _______________________________________________________ 10 A. Residence* _______________________________________________________ _______________________________________________________ _______________________________________________________ Recent Location/City____________________________________________ District ____________ Pin Code_____________ Country___________ b. Any one of 12. _______________________________________________________ _______________________________________________________ _______________________________________________________ Location/City____________________________________________ District ________________ Pin Code________Country___________ c. Father’s/Husband’s Name _______________________________________________________ 3. Driving Licence No.12 or 13 13. Is he/she is an Income-tax payer? _______________________________________________________ 10. Mobile _______________________________________________________ 4.* _______________________________________________________ 11.) _______________________________________________________ 6. Age (yrs. Occupation of Guarantor ❏Self Employed ❏Salaried ❏ Professional ❏ Others 15. Ltd. ❏ 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. Co. Telephone No. Income Tax PAN no. Aadhar No. 16 Digit account no.* 14. and if no details of Salary Account Salary a/c with PNB with Bank. If yes. Qualification _______________________________________________________ 9.* 11. Permanent Address _______________________________________________________ _______________________________________________________ _______________________________________________________ Location/City____________________________________________ District ________________ Pin Code________Country___________ d. I have agreed to furnish my guarantee for repayment of the loan. 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./Miss___________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ Son/Wife/Daughter of Shri________________________________________________________________ __________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ . Having fully apprised myself of the particulars submitted in loan application dated ________________for ______________________________ (mention purpose ) loan of `.16. Whether related to Chairman/ Directors/ employee of our bank or any other banks. If yes. of years.A. The information furnished by me is true and correct to the best of my knowledge & belief. securities Others Total Total Net Worth (Actual in `) (Enclose photocopies of documentary evidence in support of the above) 16. (Signature and name of Guarantor) Date: Place: PNB 1218 . details of relationship 17. __________________________ to be considered by the Bank to Shri/Smt. I hereby declare that I know the above mentioned applicant (s) very well for the last _________ no.