Vidya Lakshmi Portal Apply For Education Loan : vidyalakshmi.co.in

Organisation : Vidya Lakshmi Portal
Facility : Apply For Education Loan

Register Here : https://www.vidyalakshmi.co.in/Students/signup
Home Page : https://www.vidyalakshmi.co.in/Students/index

Apply For Education Loan :

** Vidya Lakshmi Portal provides single window for Students to access information about various loan schemes provided by banks and make applications for Educational Loans.

Related : Union Bank of India Education Loan Application Procedure : www.statusin.in/10324.html

** If you want to apply for education loan on Vidya Lakshmi portal, you must register on portal.
** Please provide essential details as mentioned in registration form.

Important Instructions :
** Please ensure that the registration details filled in are correct
** Please enter password in required format

Guidelines for Registering :
Name- Please enter student name as per 10th class marksheet or as per the marksheet attached with your loan application
Mobile Number- Enter a valid mobile number. Student can provide mobile number of parent/guardian
Email ID- Enter a valid email ID. Email ID will not be allowed to change. All necessary communications will be sent on this email ID.

1. 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:
** Information about Educational Loan Schemes of Banks
** Common Educational Loan Application Form for Students
** Apply to multiple Banks for Educational Loans
** Facility for Banks to download Students Loan Applications
** Facility for Banks to upload loan processing status
** Facility for Students to email grievances/queries relating to Educational Loans to Banks
** Linkage to National Scholarship Portal for information and application for Govt Scholarships

2. How can I apply for Educational loan through Vidya Lakshmi?
The applicant must register and login to Vidya Lakshmi portal and then fill-up the Common Education Loan Application Form (CELAF) by providing all the necessary details. After filling the form, the applicant can search for Educational Loan and APPLY as per his/her needs, eligibility and convenience.

Alternatively, the applicant can also search for Educational Loan after login and apply for the suitable Educational Loan by filling the CELAF.

3. What is Common Educational Loan Application Form (CELAF)?
The Common Educational Loan Application Form is the single form which students can fill to apply for Educational Loan to multiple banks / schemes. CELAF is the application form prescribed by Indian Banks Association (IBA) and accepted by all banks. This form is provided on Vidya Lakshmi portal to apply for Educational loan.

4. What is Sign up?
Students are required to complete sign up process to register on Vidya Lakshmi portal. Only Students who have completed “Sign up” / “Registration” process can apply for educational loan through Vidya Lakshmi portal.

5. What if I forget password of my Login ID?
You can click on Forgot password option provided on the Login page of Vidya Lakshmi portal and you will be asked to provide your registered e-mail address. Vidya Lakshmi portal will send a system generated password through an e-mail.

6. How will I know once Education Loan is approved?
The Bank will update the status of the application on Vidya Lakshmi portal. Students can view the status of the application on the applicant’s dashboard on the portal.

7. Why is my loan application rejected?
You may not be eligible as per the norms laid down by the selected banks. Please contact the selected banks for more details.

8. What is on hold status of Loan application?
The Bank will mark the loan application status to on hold when the bank requires some further information or documents to be submitted by the student. The requirement will be indicated in the Remarks column and Student can check the same in the dashboard.