The Vidya Lakshmi Portal was created by the Indian government to serve as a platform for students searching for educational loans to study in the country or abroad. This portal lets students access detailed information on 139 student loan schemes offered by more than 40 Indian banks. The government launched the Vidya Lakshmi portal in 2015 with the cooperation of the Ministry of Finance, the Ministry of Education and the Indian Banks Association (IBA) to resolve the process of comparing different educational loans for studying abroad.
Vidya Lakshmi portal has eased out the process of comparing different study abroad loans and loans for higher studies and simplified the application and tracking process. Also, if the students cannot repay the loan amount of less than 8 lakh to study in the country itself, then the government will take full responsibility for giving it back to the bank.
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What is Vidya Lakshmi Portal?
Many students opt for education loans from banks or financial institutions to fund their studies abroad. It can be not easy to compare the various loan options available to international students. In response to this issue, the Indian government established the Vidya Lakshmi Portal in August 2015. The Vidya Lakshmi Portal is being developed by the Ministry of Finance, the Ministry of Education, and the Indian Banks Association (IBA) to assist students. Apart from that, researching school loans through the Vidya Laxmi platform was more convenient than using previous methods.
| Portal Name |
Vidya Lakshmi Portal
|
| Portal Purpose | Education Loan |
| No of Loan Schemes | 139 |
| No of Banks | 40 |
| No of Colleges | 37 |
| Requirements |
Pan/Aadhar Card, 6Months Bank Statements, 10th/12th Marksheets
|
| Vidya Lakshmi Portal Link |
www.vidyalakshmi.co.in
|
Along with offering details on student loans, the Vidya Lakshmi Portal enables students to submit applications and track the progress of their loan requests. 139 education loans were supported by the 45 Indian banks to support and fund the education abroad dream of many students. Vidya Lakshmi portal offers a 360 approach to this matter and provides many options like exploring different loans, applying, and tracking the loan process.
Vidya Lakshmi Portal Application form
The Vidya Lakshmi Portal application form is available on their official website: www.vidyalakshmi.co.in. Visit the official website and apply in a few easy steps; apart from that, students can compare different scholarships and easily track their application process 24/7 under the Vidya Lakshmi portal. Before hopping into the Vidya Lakshmi portal application form, there are certain documents required like the last 6 months Bank statement, Basic KYC documents like an Aadhaar card and PAN card, a mark sheet of class 10 and 12, a Guarantor form, the physical copy or e-copy of the admission form of the university with fee brochure.
To fill out the Vidya Lakshmi portal application form, follow the given steps:
- Visit the official website of the Vidya Lakshmi portal: www.vidyalakshmi.co.in
- Click on the Register option.
- Put in all the necessary details like name on Aadhaar, phone number, email, etc.
- Create your account with your ID and Passcode.
- Fill in the Captcha code.
- Click on Agree for the ‘terms & conditions’
- An activation link will be shared with the email you provided.
- By clicking on your activation link, you will get yourself registered and fill out the Vidya Lakshmi application form by choosing the best Education loan for yourself.
Vidya Lakshmi portal student login
Vidya Lakshmi portal student login web page is a one stop solution for all the queries related to Vidya Lakshmi education loan. Students must create an account and password on the Vidya Lakshmi portal student login page by adding essential details like name (as registered on adhaar), phone number, email address, etc. Please fill out the Captcha code, and an activation link will be shared with the student’s provided email ID, which will help them log in.
The government of India supports this platform through the government’s guarantee coverage scheme for Indian banks. In the event that a student who has taken a loan of 7.5 lakhs to pursue studies in India is unable to repay the amount, the government will step in and cover the outstanding sum. Vidya Lakshmi, a portal student login, offers access to all the comparable data of education loans on one screen, and there is no need to visit the banks. It reduces extra fees or processing charges as it is coordinated by the giving of India itself.
Canara Bank Vidya Lakshmi portal
Canara Bank Vidya Lakshmi portal offers the lowest interest rate of 8.4% per annum on the education loan amount. The Canara Bank Vidya Lakshmi portal has been made in cooperation with the Indian Education Ministry. Banks apply charges known as marginal charges and these are the Marginal Cost of Credit-Based Lending Rates that are used to calculate student loan interest rates, also known as ROI. Banks typically add 2% to 6% on top of their assigned MCLR. Knowing the MCLR allows students to compare projected interest rates for education at various banks.
Canara Bank offers an attractively low interest rate of 8.4 % on school education loans of up to 4 Lakhs and an interest rate of 8.65% for other loans, and this all can be accessed directly on the Vidya Lakshmi Canara Bank portal.
Vidya Lakshmi Portal Application Form
Vidya Lakshmi portal application form pdf can be directly downloaded through its official government website: www.vidyalakshmi.co.in. Vidya Lakshmi portal eases the process of choosing the best education loan by eliminating the non-trusted & less reliable ones and only offers the best education loans provided by the best banks with the ease of a single portal only where you need not ponder on different places. Vidya Lakshmi portal application form pdf can be filled with some basic requirements like official ID (aadhaar), PAN, Marksheet of 10+2 or degree program, Proof of admission of the college/institute in which you want to get in, income/salary proof along with form-16 of the co-applicant and documents for ownership of assets.
Students have the option to utilize CELAF, a widely used application form, to search and compare 36 different banks offering education loan schemes, and to apply online. Additionally, students can monitor the progress of their loan applications, communicate with the banks via email, and access government scholarships through the National Scholarship Portal. Furthermore, students can take advantage of the CSIS, which provides loan interest subsidies for eligible courses and categories.
Vidya Lakshmi Portal College List
| Sr. No. | College Name |
| 1 |
THE KARNATAKA STATE DR. GANGUBAI HANGAL UNIVERSITY OF MUSIC AND DRAMA.
|
| 2 |
GOVT POST GRADUATE COLLEGE FOR GIRLS
|
| 3 |
CENTRAL AGRICULTURAL UNIVERSITY, IMPHAL
|
| 4 |
MAHARAJAHS PG COLLEGE
|
| 5 |
NATIONAL INSTITUTE OF TECHNOLOGY PUDUCHERRY
|
| 6 |
MIZORAM UNIVERSITY, AIZWAL
|
| 7 |
DR RAM NARESH SINGH YADAV MAHADALIT DEGREE, COLLEGE-ARWAL
|
| 8 |
MAULANA AZAD COLLEGE
|
| 9 |
SHOOLINI UNIVERSITY OF BIO TECHNOLOGY AND MANAGEMENT SCIENCES, OACHGHAT, SOLAN
|
| 10 |
BHAGWANT UNIVERSITY, AJMER
|
| 11 |
ZAKIR HUSAIN COLLEGE
|
| 12 |
AHMAD INSTITUTE OF HEALTH SCIENCES
|
| 13 |
SARAH TUCKER COLLEGE, PERUMALPURAM, PALAYAMKOTTAI
|
| 14 |
SARDAR PATEL COLLEGE
|
| 15 |
DOON INSTITUTE OF MANAGEMENT & TECHNOLOGY
|
| 16 |
SCHOOL OF NURSING VISHVAKALYAN SOCIETY IDAR
|
| 17 |
INDIRA GANDHI TEACHERS TRAINING INSTITUTE
|
| 18 |
COLLEGE OF INFORMATION TECH. & APPLIED SOCIAL SCIENCE BILASPUR
|
| 19 |
GOUTHAMI SAI DEGREE & PG COLLEGE OPP: SHIVALAYAM, MARKANDEYA COLONY, GODAVARIKHANI
|
| 20 |
AL-AMEEN COLLEGE OF LAW
|
| 21 |
RAJIV GANDHI UNIVERSITY, ITANAGAR
|
| 22 |
DR.B.R. AMBEDKAR INSTITUTE OF TECHNOLOGY
|
| 23 |
GOVERNMENT POLYTECHNIC
|
| 24 |
AMITY UNIVERSITY
|
| 25 |
MAHATMA GANDHI UNIVERSITY, TURA, WEST GARO HILLS
|
| 26 |
MANGALDAI COLLEGE
|
| 27 |
CALICUT UNIVERSITY CENTRE, KADAMAT
|
| 28 |
DIPLOMA (ELECTRONICS & COMMUNICATION ENGINEERING E.C.E)-3YEARS
|
| 29 |
MADHYA PRADESH
|
| 30 |
GANGTOK, RANIPOOL – COLLEGE OF AGRICULTURAL ENGINEERING AND POST-HARVEST TECHNOLOGY
|
| 31 |
REGIONAL CENTRE (IGNOU)
|
| 32 |
JJARSGUDA BLACK DIAMOND COLLEGE OF ENGINEERING AND TECHNOLOGY, OR BDCET
|
| 33 |
SREE NARAYANA GURU COLLEGE, CHELANNUR
|
| 34 |
DR B B A GOVERNMENT POLYTECHNIC
|
| 35 |
GRD COLLEGE FOR WOMEN, PHAGWARA
|
| 36 |
APEEJAY STYA UNIVERSITY, SOHNA
|
| 37 |
AGNEL POLYTECHNIC, VERNA
|
People Also Ask
Which bank is best for an education loan on Vidya Laxmi Portal?
Punjab National Bank (PNB), Canara Bank, State Bank of India (SBI), Bank of Baroda (BOB) and Axis are some of the best banks on Vidya Laxmi portal for education loan.
What is the Vidya Lakshmi Portal interest rates?
The interested rates for loans available through Vidya Lakshmi Portal is starting from 8.40% and can go as higher as 18%.
Vidya Lakshmi Portal Details
Official Website: www.vidyalakshmi.co.in/Students/
Vidya Lakshmi Portal helpline number: 020-2567 8300 | 2335 3817
