Vidya Lakshmi Portal 2024:- As we all know many students want to study abroad but due to financial problem they are unable to complete their dream of studying abroad. And if they want to apply for education loan there is no proper portal is available for it. So to solve this problem Vidya Lakshmi Portal has been started. In this portal students can apply for loans in all banks through a single application service.
Read the full article because in this article we are going to provide you complete details about the Vidya Lakshmi Portal, its features and benefit, its objective, Procedure for registration on Vidya Lakshmi Portal, etc. and if you still have any doubt you can comment below we will try to solve it as soon as possible.
Table of Contents
About Vidya Lakshmi Portal 2024
Vidya Lakshmi Portal is a central IT-Based education loan platform. This platform was maintain and supervise by NSDL e-Governance Infrastructure Limited. This portal is 100% secure and authentic because it was launched in the supervision of the Ministry of Finance, Indian Banks Association and Ministry of Education. In this portal students can apply for Education loans in all banks through a Common Education Loan Application Form (CELAF). There are more than 130 loans schemes are available for students. As we all know loan process take a lot of time and energy but using this portal you can apply for loan by sitting at your home. The interest on loans depends on the requirement usually it range between 8.4% to 18%.
Vidya Lakshmi Portal Key Highlights
| Name of the portal | Vidya Lakshmi Portal |
| Beneficiaries | Indian students |
| Objective | To provide educational loan |
| Application Mode | Online |
| Interest Range | Between 8.4% to 18% |
| Year | 2024 |
| Official Website | https://www.vidyalakshmi.co.in/Students/ |
Vidya Lakshmi Portal 2024 Objective
The main objective of this portal is to provide loans to the students who wanted to go abroad for further studies in a time bound manner. Students can apply for loan in multiple bank through a Common Education Loan Application Form (CELAF). With the help of this portal students can take loan without going to the banks.
Vidya Lakshmi Portal Features
- Vidya Lakshmi Portal is a central IT-Based education loan platform. This platform was maintain and supervise by NSDL e-Governance Infrastructure Limited.
- This portal is 100% secure and authentic because it was launched in the supervision of the Ministry of Finance, Indian Banks Association and Ministry of Education.
- Common Education Loan Application Form (CELAF) to apply for loans in all banks.
- Remote service is available so there is no need to visit bank branch.
- You can apply for maximum loan amount.
- You can register complains and grievance online.
- There is no hidden charges and faster processing.
- Loan amount will be directly sent to your bank account.
- Compliance to CSIS (Central Sector Interest Subsidy) for Educational loan benefits.
Vidya Lakshmi Portal Benefits
- Students can get information about all banks education loan scheme at one place.
- Students can apply for Education loans in all banks through a Common Education Loan Application Form (CELAF).
- Banks can upload loan processing status in the portal.
- Students can registered complains and grievance online.
- Banks can check student loan application form online.
- Students can get information about government scholarship programmed in this portal because this portal is linked with National Scholarship Portal.
Eligibility Criteria
- The applicant should be indian citizen.
- The applicants must complete class 11th to 12th.
- Applicants must have secure 50% marks in previous year final exam.
List Of Bank Providing Loan In Vidya Lakshmi Portal
| Banks List | Loan Schemes (Each Bank) |
| Abhyudaya Cooperative Bank Limited | Educational Loan Under The Scheme Of Abhyudaya Gyan Vardhini |
| Allahabad Bank | Education Loan |
| Andhra Bank | Dr. Pattabhi Vidya Jyothi Scheme |
| Axis Bank | Axis Bank Education Loan Scheme |
| Bank Of Baroda Baroda | GyanBaroda ScholarBaroda Education Loan To Students Of Premier InstitutionsBaroda VidyaBaroda Education Loan For Executive Development Programmes (India)Baroda Education Loan For Executive Development Programmes (Abroad)Skill Loan Scheme |
| HDFC Bank | Education Loan |
| ICICI Bank | Education Loan |
| Bank Of Maharashtra | Model Educational Loan Scheme |
| Bank Of India | BOI Star Education Loan Scheme |
| Canara Bank | IBAS Model Education Loan Scheme For Study In India And Abroad IBA Skill Loan Scheme |
| Central Bank Of India | Cent Vidyarthi |
| Corporation Bank | Corp Vidya Loan Scheme |
| Dena Bank | Skill Loan Scheme ( Kaushal Wrin Yojana)Dena Vidya Laxmi Education Loan Scheme For Pursuing Higher Education In India And Abroad |
| Dombivli Nagari Sahakari Bank Limited | Vidyavardhini Education Loan SchemeSuvidya Education Loan Scheme |
| Federal Bank | Federal Special Vidya Loan SchemeFed Scholars |
| GP Parsik Bank Ltd | Vidya Siddhi |
| IDBI Bank | Education Loan For Vocational CoursesEducation Loan Scheme For Other Management Quota StudentsEducation Loans For Students Studying In Premier Education InstitutesEducation Loan For Courses Offered By ICAIEducation Loan For Special CoursesEducation Loan To Physically Challenged Persons Under NHFDC SchemeEducation Loan For Non-Vocational Courses |
| Indian Bank | Revised IBA Educational Loan Scheme – 2011IB Skill DevelopmentIB Educational Loan Prime NitIB Educational Loan PrimeNon- IBA Educational Loan |
| Indian Overseas Bank | Vidhyajyothi Educational LoanIOB ScholarIOB Vidya SurakshaVidya Jyothi Educational Loan SchemeIOB Career DreamIOB Vidya ShrestSkill Loan Scheme |
| Karnataka Bank Limited | KBL Vidyanidhi Scheme Skill Loan Scheme |
| Karur Vysya Bank | KVB Educational Loan |
| Kotak Mahindra Bank Limited | Kotak Mahindra Bank Ltd |
| New India Cooperative Bank Limited | Vidya Vikas Loan Scheme |
| Oriental Bank Of Commerce | Oriental Bank Of Commerce |
| Pragathi Krishna Gramin Bank | Vidya Sagar Education Loan |
| Punjab And Sind Bank | Model Education Loan Scheme For Pursuing Higher Education In India And AbroadSkill Loan SchemePsb Excellence- Education Loan Scheme For Premier Institutions (i.e. IITs/IIMs And ISB Hyderabad) |
| Punjab National Bank | PNB KaushalPNB SaraswatiPNB PratibhaPNB Udaan |
| RBL Bank Limited | Education Loan |
| State Bank Of India | SBI Student Loan SchemeSBI Global Ed-Vantage SchemeSBI Scholar Loan SchemeSBI Skill Loan Scheme |
| Syndicate Bank Skill Loan | SyndvidyaSyndsupervidya |
| Tamilnad Mercantile Bank Limited | TMB Education LoanTMB-Skill Development LoanTMB-Super Education Loan Scheme |
| UCO Bank | UCO Education LoanUCO Super Premier Educational LoanUCO Premier Educational Loan Scheme |
| Union Bank Of India | Union Education |
| United Bank Of India | United Education LoanUnited Superb Education LoanUnited Education Loan Under Management Quota |
| Vijaya Bank | Education Loan To Students Admitted Under Management Quota (Non-IBA)Skill Loan SchemeIBA Model Education Loan – Top Rated Institutions – IndiaIBA Model Education Loan – Other Institutions – IndiaIBA Model Education Loan -Abroad |
| Yes Bank | Yes Education Loan |
Procedure For Registration On Vidya Lakshmi Portal
- Firstly, You have to visit the official website.
- On homepage click on Register option.
- Now enter the required details such as name, Age, DOB etc.
- Read the Official Terms and Conditions, by clicking on the text “website (click wrap) agreement terms & conditions” at the bottom of registration page. Mandatory!!.
- Click on submit button.
- After this a confirmation mail will be sent to your email Id.
- Now you have to click on confirmation link to complete the registration process.
Procedure To Loan On Vidya Lakshmi Portal
- Firstly you have to login in your Account.
- On student homepage click on Search for loan scheme option.
- A new page will open.
- Now select your loan category base on Location of Education, Type of Course and Loan Amount required from the left panel options.
- Click on Search button.
- After this a list of all the banks along with their loan scheme will open.
FAQ,s
The interest rate depends on the requirement usually but it range between 8.4% to 18%.
The main objective of this portal is to provide loans to the students who wanted to go abroad for further studies in a time bound manner.
Indian citizen.