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Is Vidyalakshmi portal useful?

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Is Vidyalakshmi portal useful?

Vidya Lakshmi Portal provides single window for Students to access information and make application for Educational Loans provided by Banks and Govt Scholarships. It has the following features: Information about Educational Loan Schemes of Banks. Common Educational Loan Application Form for Students.

How long does it take to get a loan from Vidyalakshmi?

around 15 days
What is the loan processing time taken by the banks listed on the Vidyalakshmi portal? After submitting the duly filled application form along with the relevant documents, it generally takes around 15 days for banks to process and approve the loan application.

What are the documents needed for Vidyalakshmi loan?

Vidya Lakshmi – Education Loan

  • Mark sheet of last qualifying examination;
  • Proof of admission (should compulsorily consist the name of institution and course)
  • Proof of income / assets (if any)
  • Photos to be provided for Student / Parent / Guarantor, whose income details have been provided.
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What is Vidya Lakshmi portal?

Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.

Which bank is best for VidyaLakshmi loan?

Vidya Lakshmi education loan scheme is extended to 39 banks and 130 loan schemes. The interest rate starts from 8.40\%, and the loan is up to INR 4 Lakh….List of Banks Registered with Vidya Lakshmi Education Loan.

Abhyudaya Co-Operative Bank Karnataka Bank Central Bank of India
Bank of Baroda RBL Bank Federal Bank

Is VidyaLakshmi portal for abroad studies?

VidyaLakshmi portal for education loan is an education loan information and application gateway for students planning to study abroad or in India. You are allowed to apply to the utmost 3 banks through VidyaLakshmi portal for education loan. You can track the status of your application via the portal.

How can I submit Vidyalakshmi portal?

Steps to register on the Vidya Lakshmi Portal

  1. Step 1: Visit the portal and register using a Login ID and a strong password.
  2. Step 2: Provide details such as date of birth, age, name, phone number, and email ID accurately.
  3. Step 3: On submitting, a confirmation link will be sent to your registered email ID.
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How can I contact Vidyalakshmi portal?

  1. 020-2567 8300.
  2. vidyalakshmi[at]nsdl[dot]co[dot]in.

How much loan can I get from Vidya Lakshmi?

Applicants can apply in up to three banks with a single application form. The interest rate on Vidya Lakshmi education loan starts from 8.40\%. This education loan is available up to ₹ 4 Lakh without any collateral for a tenure of up to 15 years.

How do I repay my education loan?

The most common method to keep your education loan repayment organized and self-driven is EMI (easy-monthly-installment). EMIs are fixed amount of sum decided at the time of taking a loan which students can pay every month to repay the study loan step-by-step.

What is the interest rate of Vidyalakshmi loan?

8.40\%
The interest rate on Vidya Lakshmi education loan starts from 8.40\%. This education loan is available up to ₹ 4 Lakh without any collateral for a tenure of up to 15 years.

What are the features of Vidya Lakshmi portal?

Vidya Lakshmi Portal provides single window for Students to access information and make application for Educational Loans provided by Banks and Govt Scholarships. It has the following features: How can I apply for Educational loan through Vidya Lakshmi?

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How many banks can a student apply through Vidya Lakshmi portal?

A student can apply to a maximum of three Banks through Vidya Lakshmi portal using CELAF. What is rate of interest for the Educational loan? The interest rate varies from bank to bank and scheme to scheme. Therefore, the applicant/student is requested to check the same on Loan Search page after login.

What is the Vidyalakshmi portal dashboard?

The Vidyalakshmi portal dashboard has a facility where banks can upload the progress report of a candidate’s loan application, and a candidate can view the status of their application. This feature is especially beneficial for students residing in remote areas, where commutation is an issue.

How do I know if my Vidya Lakshmi loan is approved?

Once registration is done and the CAF is filled, the applicant will be updated about loan approval or disapproval on the Vidya Lakshmi portal. If the loan is approved, the loan amount will be transferred directly to your account. If the loan is disapproved, you have to contact the bank itself. One ma