Vidya Lakshmi is a first-of-its-kind portal for students seeking Education loans. The website is developed under the guidance of the Department of Financial Services (Ministry of Finance), Department of Higher Education (Ministry of Education), and the Indian Banks Association and is developed and being maintained by NSDL eGovernance Infrastructure Limited. These three organizations realized that the biggest challenges faced by students are hefty college fees and cumbersome education loan processes. In order to solve this problem, the Vidya Lakshmi online Portal was developed. The VidyaLakshmi Portal in education loan is meant for students to explore, compare, and apply for educational loans and scholarships.
The Vidyalakshmi portal is very user-friendly and easy
to access subtracting the hassles and confusion that often cause a roadblock on
other education loan websites. You can look for the option of Search and Apply
for a Loan Scheme. After registering yourself, you can fill out the required
form and research which options you want to choose. At the Vidyalakshmi
portal, you can browse through their collection of 127 education loans provided
by 38 registered banks and pick three loans you want to shortlist. You can get
an education loan of up to ₹4 lakhs for a tenure of up to 15 years without any
collateral.
JOIN SURVEYEAH!
The
documents required to avail of a loan through the Vidyalakshmi portal are the
last qualifying examination’s mark sheet, a relevant letter stating the proof
of admission to the course, the statement of the expenses for the course, and
the required number of passport size photographs of the student and their
parent or guarantor. To erase the clutter and help students narrow down
their options regarding relevant and reputable education loans, the Vidyalakshmi
portal compiled a list of 38 registered banks and the 127 education loans they
provide. This helps students compare the benefits and features of a large
variety of education loans on one portal itself and make an informed choice
about what fits their needs the best. The applicant of the loan through
the Vidyalakshmi portal should be an Indian citizen and their course of choice
should be listed in the list of courses provided on the website. The income of
the parents should not exceed ₹4.5 lakhs per annum.
The main benefits for students looking for Student Loans from
Vidyalakshmi Education Loan Portal are:-
·
One Centralized Education Loan application service for all banks
·
Remote Service with no need for Branch Visit
·
Compliance to CSIS (Central Sector Interest Subsidy) for Education Loan
Interest benefits
·
Maximum Loan Amount possibility
·
Online troubleshooting and complaint management
·
Direct transfer without any Loan agents in between
·
Faster processing and elimination of hidden charges
The interest rate offered varies depending on the bank and the scheme you select and apply for. Students can browse through 127 loan schemes offered by 38 Indian banks.
Official Website www.vidyalakshmi.co.in
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