Education Loans in India
Tuesday, June 9, 2026
Education & Career
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Centurion Bank of Punjab Education Loan Scheme

 

Eligibility : 

One is eligible for the loan if he/she

  • is a resident of India.
  • have an offer / admission letter / are bonafide student of a college / university in India or abroad.

Loan Details

Coverage of expenses 

  • Admission / Tuition fee to be payable to College / University / Institution.
  • Air fare / Travel Expenses.
  • Boarding and Lodging expenses.
  • Books and Stationery expenses.
  • Instruments / equipment / computer expenses required for the course undertaken.
  • Examination / Library / Laboratory fee.
  • Any other expense required to complete the course - like study tours, project work, thesis, etc.

Documents Required 

The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.

Documents Required from both the student / co-applicant.

  • Identity Proof : Copy of Passport / Driving Licence / Voters Identity Card / Income Tax Pan Card.
  • Residence Proof : Copy of Passport / Driving Licence / Voters Identity Card / Utility Bills
  • Age Proof : Copy of Passport / Driving Licence / Income Tax Pan Card / Birth Certificate.
  • Signature Verification.
  • One Singed Photograph ( On the face).

Documents required from students for studies abroad

  • Offer / Admission / Bonafide student letter from the university / college in India or Abroad.
  • Cost of the Course ( including living).
  • Copy of last examination passed result.
  • Copy of Passport in case of study abroad.

Documents required from the co-applicant

  • Income Proof : Form 16 or Income tax returns for the last two years.
  • Collateral Security Papers ( if any).
  • Any other document / information as needed by Bank, depending upon the case and purpose of loan.

Rate of Interest

As applicable from time to time.


Repayment

Repayment of loan starts after studying & moratorium period and can go up to a maximum of 7 years.

Moratorium period is a max. of 6 months after course completion or one month after getting a job whichever is earlier.
Repayment of Loan through Post Dated Cheques (PDCs).

 

Contact Details
Head Office - Centurion Bank of Punjab
Shanta Durga Niwas, M. G. Road, Panaji - 403 001, Goa
Phone : +91-832-222 9112 / 222 9113
Fax : +91-832-222 9114

Corporate Offices:

Mumbai

Nariman Point
1201, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai - 400 021
Phone : +91-22- 2204 7234 / 2204 7238
Fax: +91-22-2284 5860
Mahalaxmi
Modern Centre, Ground Floor, "C" Wing, Sane Guruji Marg, Mahalaxmi, Mumbai 400 011
Phone : +91-22-6754 0000
Fax: +91-22-6754 0011 / 22

Gurgaon
Khandsa Road, Near Sector 10-A, Gurgaon - 122 001
Phone : +91-124-2373951
Fax: +91-124-2373958

Chandigarh
SCO 46 - 47, Sector 9D, Chandigarh - 160 017
Phone : +91-172-2741196 / 2743892
Fax: +91-172-2743894 / 5001013

Website : visit


Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.