Need Suggestion – Best bank for Education Loan under PM Vidya Lakshmi Yojana

[Hope]

Hi everyone,
My brother has been allotted Maulana Azad National Institute of Technology (MANIT, Bhopal) through JOSAA counselling.
We’re now planning for his education loan under PM Vidya Lakshmi Yojana ( this college falls under eligible institute)

Total 5Y programme (B Arch)fee will be ~7-8L

In PM vidyalakshmi scheme this subsidy is available and annual income is 5L. ( anyone here availed this benefit ? Do bank ask father salary slip/itr ?)


• interest rates
Sbi :- 7.45% college comes under PMVL- Uttam

PNB:- found nothing i could understand on their website
Union: 7.85-8.05%


And if anyone have availed education loan any type please guide which bank will be good to go.

I am considering above three banks SBI/UNION/PNB and suggest if any other bank offers better rate.

Thankyou.

 

[Hope]

Update:
Loan disbursed today with College sbi branch (7.45% floating interest rate PMVL- Uttam) only student details and all payments reciept. And income certificate by govt. Further no documents asked all the amount i gave to college disbursed in brothers account.

Interest subvention applied after disbursal in pmvl portal. Branch said its upto govt mostly they don't give.

Thankyou everyone