Vidya Lakshmi Loan Application Form Apply for Multiple Banks Educational Loan

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Vidya Lakshmi Loan Application Form Apply for Multiple Banks Educational Loan. Are you a Student seeking for Educational Loan in India? Vidya Lakshmi is a online portal which help the students to get Education Loan. Do you like to apply for Vidya Lakshmi Education Loan 2018? This portal is developed under guidance of Ministry of Finance, Ministry of Human Resource Development and Indian Banks Association (IBA). Students who wish to apply for Educational loan can do it with help of easy 3 steps. Initially you have to register then fill up the single application form. Once you done that candidates can apply for loan with Multiple Banks.

How to Apply for Vidya Lakshmi Education Loan to different Banks?
As soon as you complete the registration process candidates suppose to fill application form then you can apply for Multiple Banks. Once after that candidates can view and apply also can track the education loan applications of bank.

Candidates note that you can also check details regarding National Scholarship Portal. Aspiring students note that Vidya Lakshmi Educational loan provide single window for students to access information and fill application for Educational Loans. Loan provided by different Banks and Government Scholarships options. Candidates can find the list of Loan providing Bank details below.

How to fill Vidya Lakshmi Education Loan Application Form?
1) Logon to https://www.vidyalakshmi.co.in official portal. then follow the below 3 Easy Steps Process for submission of loan application.
2) Register with your basic details the agree the terms and conditions.
3) Once you register fill up the Common Education Loan Application Form (CELAF).
4) Then you ca search for Educational Loan and apply as per students needs. You also should needs to check eligibility and convenience.

As of now there was 13 banks have registered for 22 educational loan schemes on Vidya Lakshmi portal. Also there was 5 banks integrated their system with their portal.

What is the Interest Rate for Vidya Lakshmi Education Loan?
Candidates those who apply for Education Loan via this scheme can check Interest Rates as below:
For Male Students:

  • Upto Rs. 7.5 Lacs – 10.00% p.a. as on 01.01.2017*
  • Above Rs. 7.5 lacs – 10.75% p.a. as on 01.01.2017*

For Female Students:

  • Upto Rs. 7.5 Lacs – 9.50% p.a. as on 01.01.2017*
  • Above Rs. 7.5 lacs – 10.25% p.a. as on 01.01.2017*

Concession: 1% concession for full tenure of the loan.
There will be no processing fee

What are the Eligible Courses to Apply for Vidyalakshmi Education Loan in India?

  • Major courses like B.A., B.Com., B.Sc. etc, Masters and Ph.D.
  • Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Management, Computer, etc.
  • Complete course details candidates can find it using the below given official portal.

What is the Student Eligibility to apply for Vidyalakshmi Education Loan?

  • Candidates should be an Indian National. After 10th or 12th class should be secured admission in Professional/ Technical courses through Entrance exam or though some form of Counselling selection process.
  • Complete Eligibility details candidates can check in given official portal.

Official Website: https://www.vidyalakshmi.co.in

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