TLDR Vidyalakshmi is a portal that provides easy access to education loans for students who have completed their studies, offering a hassle-free application process and a wide range of loan options from various banks.
Key insights
📚”Vidyalakshmi is a portal which has been designed for those students who have completed their studies.”
📚Students can easily apply for an education loan through the portal by following three simple steps, making the loan application process hassle-free and accessible.
💰”You can get loan from: Till. Now 45 banks are registered on this site and 139 loan schemes are available.”
🕒According to the Indian Banks Association, education loans should be approved within 15 days of filling the application form.
💰The loan can be obtained based on the student’s merit or by passing an entrance test, highlighting the importance of academic achievements in securing financial support for education.
💰You can take a loan up to Rs. 4 lakh for education without any collateral for a duration of 15 years.
🌍The eligibility criteria for an education loan include factors such as the location of further studies, gross family annual income, social category, and the desired course of study.
📚Vidya Lakshmi offers loans for various sectors including agriculture, business, livelihood, and renewable energy, showcasing the diverse range of opportunities available for individuals seeking financial support.
Highlights
🎓00:00 Vidya Lakshmi Education Loan is a solution for students who need financial assistance to complete their education.
💡00:57 Apply for an education loan through the Vidya Lakshmi portal in three easy steps, with the ability to track the loan process.
💰01:20 Apply for education loans from 45 registered banks with 139 loan schemes available, and choose the bank with the best interest rate for you.
💡01:58 Education loans should be approved within 15 days of application according to the Indian Banks Association.
🎓02:16 Indian citizens who have passed the AAV and gained admission to a reputable institute can apply for Vidyalakshmi Education Loan.
💰02:42 You can get an education loan up to Rs. 4 lakh for 15 years without collateral, and access government schemes and subsidies through the Vidya Lakshmi app.
💡03:22 More than 200 lenders on the site, enter details to check eligibility for different loan schemes, including education loans.
📚03:58 Get a loan for education or other dreams through Vidya Lakshmi with a simple process and digital approval from the bank, but it requires hard work and time.