Vidyalakshmi Portal : -Friends, earlier you had to go to the bank to take education loan, meet the manager, submit your documents to the bank, after that the bank used to check your documents and most of the candidates refused to give loan. . But now it is not so, now you can apply for the loan online sitting at your home. This online loan applying portal is called vidyalakshmi portal.
vidya laxmi portal has been prepared by the Government of India and it is the first portal that works to provide loans to Indian students. In preparing this portal, efforts have been made by three departments of India which are Department of Financial Services, Department and Higher Education and Indian Banks Association.
Today in this article we are going to give complete information about vidyalakshmi education loan and also going to teach vidyalakshmi portal registration process. If you are still making rounds of the bank to take a loan, then leave it and register yourself on this portal. Because after registering on this portal, the bank will definitely entertain your application.
Table of Contents
Vidyalakshmi Portal Registration Process
To register on this portal, first of all it is necessary to open this portal. To open this portal, you can also open https://www.vidyalakshmi.co.in/Students/ by typing it in the browser or you can also open it by typing vidyalakshmi portal in Google search box.
Click on “Register” option on the home page of this portal
On the next page vidyalakshmi portal education loan application form will open.
In this page fill your details like title, first name, middle name, last name, mobile number, email id etc.
Create a password and confirm it by entering it again.
Enter the captcha code and check the below term and condition and click on submit.
After submitting the application an activation link will be sent to your email id.
You have to open your email id and click on this link to activate your account.
Your vidyalakshmi portal registration will be completed as soon as you click on the link sent on the email id.
How to Fill Vidyalakshmi Portal Education Loan Application Form?
To fill vidyalakshmi education loan application form, first login to vidyalaxmi portal with your email id and password.
After that click on the button of “Loan Application Form”.
The loan application form will open on the next page.
This application form will be completed in 7 to 8 steps.
Instructions are given in the first step, read it carefully and click on Next.
Vidyalakshmi Basic Information
On the next page, fill in your basic information. Tick all the options on this page to “Yes”.
Only show parents income more than 4.5 lakhs because if you enter parents income less than 4.5 lakhs then the portal will not allow to proceed.
There is not going to be any final process by entering income here, this application will go to the bank and the bank will collect your documents again.
Vidyalakshmi Institute and Course Details
In the next option, enter your institute and course details. First of all, select the name of the state, then select the name of an institute in the name of institute. Search the name of the institute in the search box, then all the institutes will come in the list.
In the next field, search for the course name and select the course name from the list below.
After filling all the details click on the Next button.
Vidyalakshmi Personal Details
Fill your personal details on the next page.
Enter your name on the left side and your parent’s name on the right side, you can fill father’s name or mother’s name in the parent’s name.
The name of the parents is there as the collateral security because if something happens to you then your parents are going to pay this loan.
Fill all the details of personal information like name, father’s name, date of birth, category, marital status, education and occupation.
After filling all the details correctly, click on Next.
Vidyalakshmi Application Form Bank Detail
The next part is the personal bank details part. In this part the bank details of both the student and the parent of the student will be filled.
First of all, enter the IFSC code of your bank, IFSC code will reveal the branch of your bank.
After that select the account type.
If a loan is already running in your name or your parent’s name, then fill in the details of it.
In the next part, fill the course details.
Select the course details like whether your course comes under Merits Management, what is the duration of the course.
You can select any date when the course will start and end.
After filling all the details click on Next.
Vidyalakshmi Loan Cost of Finance Details
In the next part you have to fill the cost of finance details.
In this part, fill the details related to the course fee such as tuition fee, exam fee, books, stationery, equipment or computer, hostel expenses and other types of expenses.
All these details are to be filled year wise.
Here you can fill in only those expenses which you know, leave the rest blank. Fill in any installation you like and click on Next.
Vidyalakshmi Documents Upload
The next part is the upload documents part.
In this part you upload your mark sheet.
You must also upload the proof of admission.
After uploading the required documents, accept the below terms and conditions and click on Next.
On the next page you can preview your vidyalakshmi education loan application form.
After preview the form a small window will open which says “Are you sure you want ot Search & Apply for loan scheme?” Click on Yes in the option.
How to apply Loan at Vidyalakshmi Portal
To apply for loan on vidyalakshmi portal, first you have to do vidyalakshmi portal registration. After registering on the portal and filling the application form, click on Search & Apply for loan scheme on the home page.
On the next step, first select your location.
After that select qualification.
In the next step, select your loan amount and click on Search.
The list of all the banks that can give loans according to your application will open on the screen.
Click on the loan apply button in front of the bank in which you want to apply for the loan.
On the next page, enter Bank Name, Branch Location, Branch Name and IFSC Code and click on Search.
All the details of that bank will open below.
Tick the box in front of that bank and submit. In this way your loan application will reach the bank
List of Banks in Vidyalakshmi Portal
- Canara Bank
- Bank of India
- Corporation Bank
- Punjab National Bank
- UCO Bank
- Indian Overseas Bank
- Axis Bank
- Federal Bank
- RBL Bank
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Dena Bank
- Central Bank of India
- IDBI Bank
- HDFC Bank
- State Bank of India
- Tamilnad Mercantile Bank Ltd.
- GP Parsik Bank
- New India Bank
- Union Bank of India
- Karur Vysya Bank
- Syndicate Bank
- Vijaya Bank
QNA
Q :- What are the documents required for Vidyalakshmi education loan?
Ans : – Initially mandatory document is mark sheet. Upload your mark sheet before submitting your application form .
Q :– How can I contact Vidyalakshmi?
Ans : – Call at 020-2567 8300 or send an email at [email protected]
Q :- How can I apply for Vidyalakshmi portal?
Ans:- First off all register on this portal then fill application form and apply for loan.
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