PSB Bank Education loan application form Download

PSB Bank Education loan application

The provided document is the official Punjab & Sind Bank Application Form for Education Loan, used by students and their guardians to request financial assistance for higher education in India or abroad (ENGLISH.pd… pp. 1, 4).

Key Rules & Moratorium Guidelines

Moratorium Period (Repayment Holiday): The repayment starts 1 year after the completion of the course or 6 months after getting a job, whichever is earlier (ENGLISH.pd… pp. 1, 4).
Repayment Tenure for India & Abroad:
- Loans up to ₹7.50 Lacs: Repayment extends up to 10 years after the moratorium ends (ENGLISH.pd… p. 4).
- Loans above ₹7.50 Lacs: Repayment extends up to 15 years after the moratorium ends (ENGLISH.pd… p. 4).
Vocational Courses: Loans for vocational or skill development courses are repaid in 2 to 5 years (for courses up to 1 year) or 3 to 7 years (for courses exceeding 1 year) (ENGLISH.pd… p. 4).
Property Collateral: If immovable property is offered as security, title deeds and scaled plans must be submitted (ENGLISH.pd… p. 9). All inspection, evaluation, and legal query costs are charged to the applicant regardless of whether the loan is sanctioned (ENGLISH.pd… p. 9).

Key Sections of the Application Form

Particulars of the Student (Section A): Captures basic identity details, past academic history, scholarship achievements, and details of the course being pursued (ENGLISH.pd… pp. 1-2).
Financial Breakdown Matrix:
- Cost of the Course Table: A detailed year-wise breakdown covering tuition fees, examination fees, books, uniforms, lodging/boarding, and travel money for overseas studies (ENGLISH.pd… p. 3).
- Sources of Finance Table: Captures expected funding from the loan, scholarships, and the applicant’s own financial sources (ENGLISH.pd… p. 3).
Co-Applicant / Guardian Details (Section B): Requires identity information, relationship validation, and a net monthly income surplus calculation worksheet (ENGLISH.pd… p. 5). Guarding applicants must attach the past 3 years of Income Tax Returns (ITR) and income slips (ENGLISH.pd… p. 5).
Guarantor Particulars (Section C): Collects the demographic and employment details of independent financial guarantors (ENGLISH.pd… p. 7).
Credit Report & Worth Proforma (Form No. 187): Financial declarations tracking separate fixed assets, liquid assets, and market liabilities for both the applicant and the guarantor (ENGLISH.pd… pp. 10-12).
Receipt / Acknowledgment Slip: A detachable receipt signed by the Branch Manager acknowledging application submission with a listed checklist (ENGLISH.pd… p. 14).