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| Image credit: www.vidyalakshmi.co.in |
Vidya Lakshmi Portal | Find a Suitable Education Loan
Getting an education loan was never this easy. Vidya Lakshmi Portal is a
web-based portal for students seeking education loan. It was
initiated by the Union Government of India for the benefit of students for their studies. It provides a single window
to access information about education loan schemes of various banks.
Vidya Lakshmi Portal
The Vidya Lakshmi online portal was launched on 15th August 2015. It provides a single window electronic platform to access
information and a common application form for education loan and Government scholarships. It is maintained by NSDL e-Governance Infrastructure Limited.
Objectives of Vidya Lakshmi Portal
The main objective of Vidya Lakshmi Portal is to bring on board all
banks providing education loan. It is started with a view to enable all poor and middle class students to pursue higher education without any
constraints of funds.
It is expected that students throughout the country will be benefited by this portal and no student misses out on higher education for lack of funds.
It provides an easy and effective system of getting students loan of all banks at a single window.
It is expected that students throughout the country will be benefited by this portal and no student misses out on higher education for lack of funds.
It provides an easy and effective system of getting students loan of all banks at a single window.
Features of Vidya Lakshmi Portal
This portal has the following features
1. It provides education loan schemes of various
banks.
2. There is a common application form for students to avail the loan. This form is called Common Educational Loan Application Form (CELAF).
3. Facility to apply for education loan to multiple banks.
4. Student's loan applications can be downloaded by the banks.
5. Banks can also upload loan processing status.
6. Students can send email grievances or queries relating to the loan to the bank.
7. It also provides a link to National Scholarship
Portal for information and application for Government Scholarships.
How to register for Vidya Lakshmi Portal?
If you want to apply for education loan on Vidya Lakshmi Portal, you are
required to complete sign up process to
register on this portal.
3. Select your title from the
dropdown list and enter your name as mentioned on 10th standard mark sheet or
the mark sheet attached with your loan application.
4. Enter a valid mobile number. You can provide mobile number of parent
or guardian.
5. Enter your email Id. You will not be allowed to change your email Id
later. All necessary communications related to your loan will be sent
to this email Id.
6. Enter a password and confirm your password by re-entering it.
7. Enter Captcha code and tick the
box to agree to terms and conditions.
8. Now click on “Submit” tab.
How to apply for education loan on Vidya Lakshmi Portal?
You must register yourself on this portal. Click on “Login” tab
and then choose “Student Login” to log in
to the portal. Fill up the Common Education Loan Application Form (CELAF) by entering the required details.
CELAF is a single form which you can fill to apply for students loan to multiple banks/schemes. Once CELAF is filled then you can search for loan and apply as per your needs and eligibility.
CELAF is a single form which you can fill to apply for students loan to multiple banks/schemes. Once CELAF is filled then you can search for loan and apply as per your needs and eligibility.
An education loan can also be searched just after login and then apply by filling
the CELAF. Using CELAF on this portal, you can apply for a loan to a
maximum of three Banks.
How to check the status of the loan on this Portal?
1. Login to the portal.
2. Just, click on “Application Status” tab to check your loan status.
3. The bank will upload the loan processing status of the application on this portal.
Registered banks on Vidya Lakshmi Portal
Presently, there are 42 banks have already registered their 84 Education
Loan Schemes on the Vidhya Lakshmi Portal and integrated their system with this portal for providing the loan processing status to
students.
Below is the list of some banks registered on this portal
Below is the list of some banks registered on this portal
1. Abhyudaya Co-operative Bank Ltd
2. Allahabad Bank
3. Andhra Bank
4. Bank of Baroda
5. Dena Bank
6. Bank of India
7. Bharatiya Mahila Bank
8. Central Bank of India
9. Canara Bank
10. Corporation Bank
11. Cosmos Bank
12. Dombivli Nagari Sahakari Bank Ltd
13. Federal Bank
14. HDFC Bank
15. IDBI Bank
16. ICICI Bank
17. Indian Bank
18. Indian Overseas Bank
19. Kotak Bank
20. Karur Vysya Bank
21. Bank of Maharashtra
22. Oriental Bank of Commerce
23. GP Parsik Bank
24. Punjab National Bank
25. RBL Bank
26. State bank of India
27. Syndicate Bank
28. Union Bank
29. UCO Bank
30. United Bank of India
31. Vijay Bank
32. Axis Bank
Also read: SBI Student Loan Scheme | SBI Education Loan
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Vidya Lakshmi Portal | Find a Suitable Education Loan
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