How to apply in Vidya Lakshmi portal?
Steps to register on the Vidya Lakshmi Portal
List of Registered Banks for Education Loan at Vidyalakshmi Portal
How can I check my Vidya Lakshmi loan status?
How can you know your loan application status? On the Vidyalakshmi portal dashboard, banks can upload the progress report of a candidate's loan application, and candidates can also check the status of their application.31-Oct-2022
Who is eligible for education loan?
Any Resident Indian can apply for the loan. The loan applicant's minimum age should be 18 years and the maximum should be 35 years. Students should have secured admission to a higher education course in recognised institutions, Indian or abroad, through entrance tests.02-Apr-2022
8.40%
Which bank is best for Vidya Lakshmi loan?
Education Loan - Vidya Lakshmi Yojana
Regular diploma and degree courses such as shipping, pilot training, engineering, etc. Regular degree and diploma courses from IIM, IIT, and other autonomous institutions. Central or State Government-approved nursing courses, teacher training courses, etc.
Which banks are used for scholarship?
State Bank of India is one of the leading bank in the implementation of e-RUPI for other use cases by providing end-to-end solution to the Government of Karnataka for distribution of scholarships to the students for their studies.”28-Dec-2021
Through the Log in portal If you visit the official website of a bank. You will be able to view 'loan' under 'products' section. Under loans, you can click on 'personal loan' which will direct you to a new page. You can click on 'Login' and using your log in credentials you can view your personal loan statement.
How do I check my student loan balance?
StudentAid.gov is the U.S. Department of Education's comprehensive database for all federal student aid information. This is one-stop-shopping for all of your federal student loan information. At StudentAid.gov, you can find: Your student loan amounts and balances.
Here is how to check the personal loan eligibility:
Can education loan be rejected?
When it comes to education loans, most lenders have very strict policies regarding the CIBIL scores of both, education loan applicants, as well as their co-applicants. A CIBIL score lower than 600 is one of the reasons behind an education loan rejection in a majority of the cases.11-May-2022
How can I Reapply for Education Loan? To Edit the Loan Application Form and Reapply to the same scheme again, request all applied banks to Close/Reject your applications on Vidya Lakshmi. Once all applications gets Closed/Rejected, 'Reapply for New Loan Scheme' option would get enabled in Loan Application Form tab.
How many days does it take for education loan to be approved?
around 15 days
Compare Top Education Loan Offers 2022
Is student loan interest free?
The interest added depends on what you earn Student loan interest rates are usually based on the RPI rate of inflation (the rate at which prices rise). While studying, until the April following graduation, you're charged RPI + 3%. After that it depends on your annual earnings10-Nov-2022
etc. Students pursuing full-time courses need to have a co-applicant who can be either parent/guardian or spouse/parent-in-law (in case of married candidates). The co-applicant must have a regular income source. A strong academic record facilitates speedy loan approval.
What is the EMI for 5lakh loan?
For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120.
List of Educational Loans
Can I get education loan 7.5 lakhs I?
SBI generally offers upto 7.5 lakhs for SBI education loan without collateral. SBI also grants subsidies on interest rates for female candidates as well as a 0.5% discount on Rinn Raksha Credit Life Insurance policyholders.
How to apply in Vidya Lakshmi portal?