Vidya Lakshmi Education Loan | Fully Explained
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- Опубліковано 9 вер 2024
- Looking for the best education loan in India? If yes, then Vidya Lakshmi portal can be your saviouR. Vidya Lakshmi Portal offers a comprehensive list of banks for easy comparison. All you need to do is fill up the Vidya Lakshmi portal application form to complete the Vidya Lakshmi portal registration process and discover competitive education loan options through Vidyal= Lakshmi portal by knowing which bank has lowest interest rate on education loan.
Vidya Lakshmi Portal is your ultimate answer to questions like best education loan in India, best bank for education loan in India, and even how education loan works? You can even compare top education loans in India to find the one that suits your needs, whether it's the lowest interest rate or the best terms.
Find out which bank has the lowest interest rate on education loans and make an informed decision about your future. With Vidya Lakshmi portal registration, getting the best study/student loan in India is easier than ever. Explore your options today and pave the way for a brighter tomorrow.
Don't let financial constraints hinder your dreams. Explore the Vidya Lakshmi portal today to make an informed decision.
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This video is going to be a clear eye-opener for students🎓
Sir i have paid 1st year fees of my btech , wanting loan from 2 nd year to 4 th , so what should i do while filling form
To apply for an education loan for your 2nd to 4th-year fees through the Vidya Lakshmi portal, follow these steps:
*Register on Vidya Lakshmi Porta
*Complete the Common Education Loan Application Form (CELAF) with your details.
*Choose multiple banks to apply to and upload necessary documents (admission letter, fee receipts, ID proof, academic records).
*Review and submit the application.
It's practical to apply for the total amount required for the 2nd to 4th years in one go to ensure comprehensive funding and avoid multiple application processes. Determine the total amount required for the 2nd to 4th years, including tuition, books, and other expenses and provide a breakdown of fees for the upcoming years. This ensures secure funding for your entire B.Tech program.
Hello brother.... Yh jo first year loan apne nikala h .... Iska repayment kab krna pdega
Sir ye loan college account me jayega ya hamara account me ayega
Aur is loan se laptop le sakte hai ki nanhi sir
The Vidya Lakshmi education loan is typically disbursed directly to the college's account to cover tuition fees and other academic expenses. However, if you need funds for other expenses like purchasing a laptop, some banks allow a portion of the loan to be disbursed to your personal account. You should check with the bank processing your loan to see if they offer this flexibility. Make sure to explain your need clearly to the bank, as laptops are often considered essential for studies.
Thankyou so much for this video sir. I have a question that after cap round for admission starts and after seat acceptance we have to pay the fees and hostel fees, how long does a bank sanction loan and disburse the amount to institute, do banks pay the institute within the deadline for tuition fees and hostel fees or we are required to pay upfront and then bank reimburses?
Great question! When it comes to the Vidya Lakshmi education loan, here's how it typically works:
Loan Sanctioning Time: The time for loan sanctioning can vary depending on the bank and the completeness of your application. It generally takes a few weeks, so it's best to apply as early as possible.
Fee Payment: Banks usually have processes in place to ensure that the tuition and hostel fees are paid directly to the institute within the required deadlines. However, this is contingent on timely submission and processing of all necessary documents.
Upfront Payment: In some cases, if the loan processing takes longer than expected, you might have to pay the fees upfront. The bank can then reimburse you once the loan is sanctioned and disbursed.
Communication with the Institute: It's important to inform your institute about your loan application status. They may offer some flexibility with deadlines if they are aware that a loan is being processed.
Follow-Up: Keep in regular contact with your bank and ensure that all documents and requirements are fulfilled to avoid delays in disbursement.
In summary, banks strive to disburse the amount to the institute within the deadline. However, it's wise to have a backup plan for upfront payment, just in case. Always stay in touch with both your bank and institute for smooth processing.
Hello sir i want to apply for this loan but i have a doubt that whether they will pay for my room fees(not hostel) and food other than college fees
Hello! Yes, Vidya Lakshmi education loans generally cover not just tuition fees but also other expenses like room rent (even if it's not a hostel) and food. These loans are designed to support students with various educational expenses. However, it's always a good idea to check the specific terms and conditions with the bank you're applying to.
Sir i want benefits of csis scheme, so if i apply through jansamarth portal, then is their any problem to sanction of loan??
Great question! The CSIS (Central Sector Interest Subsidy) scheme offers significant benefits, including covering the interest on your educational loan during your course and up to a year after completion. This helps make higher education more affordable by reducing your financial burden.
Applying through the Jansamarth portal is actually a smart choice. It simplifies the application process with a user-friendly interface, provides real-time updates on your application status, and integrates various government schemes, including CSIS. The portal streamlines the process and can help expedite loan sanctioning by centralizing all necessary information and reducing paperwork.
Applying Through the Jansamarth Portal
The Jansamarth portal is an online platform designed to streamline and simplify the process of applying for educational loans and availing of various government schemes. Applying through the Jansamarth portal provides several advantages:
Streamlined Process: The portal offers a user-friendly interface that simplifies the application process for educational loans and government schemes like CSIS. It reduces paperwork and provides a clear, step-by-step process for applying.
Transparency: The portal enhances transparency by providing real-time updates on the status of your application. This helps in tracking the progress of your loan sanctioning and ensures you are informed throughout the process.
Centralized System: By centralizing various financial aid schemes and loan options in one place, the Jansamarth portal makes it easier for students to apply for multiple schemes and compare different options.
Efficient Processing: The use of the portal can potentially expedite the processing of your application as it reduces the need for physical documentation and manual processing, allowing for quicker approvals and disbursements.
Impact on Loan Sanctioning
Applying through the Jansamarth portal does not negatively impact the sanction of your loan. In fact, using the portal can be advantageous for several reasons:
Enhanced Coordination: The portal ensures better coordination between the banks, educational institutions, and the students, which can lead to a more efficient processing of loan applications.
Access to Multiple Lenders: The portal provides access to a range of lenders and schemes, increasing your chances of finding a suitable loan option that meets your needs.
Government Schemes Integration: The portal integrates various government schemes, including CSIS, ensuring that you can easily apply for and benefit from these schemes without needing to navigate multiple platforms.
So, using the Jansamarth portal will not negatively impact your loan approval-in fact, it can make the process smoother and more efficient. If you have any more questions or need further details, feel free to ask!
Hope this helps! 👍
@@propelld mujhe chat gpt ka answer nhi chahiye tha , mujhe aapki raaye chahiye thi 😭😭
Sir main btech private se karne ja rha hu to mujhe ye loan milega ya nhi please reply sir
Yes, you can get an education loan from the Vidya Lakshmi portal for a B.Tech course in a private college. Here's how it works in simple terms:
*Vidya Lakshmi Portal: It is a government website where you can apply for education loans from multiple banks.
*Eligibility: Most banks listed on the portal offer loans for students attending private colleges.
*Application Process:
-Register on the Vidya Lakshmi portal.
-Fill out the Common Education Loan Application Form (CELAF).
-Submit your application to multiple banks through the portal.
*Approval: The loan approval depends on the bank's criteria, which usually include your academic record, the college's reputation, and your family's financial situation.
So, yes, you can apply and potentially get an education loan for a B.Tech in a private college through the Vidya Lakshmi portal.
Sir, Can i Apply for Vidyalaxmi Educational Loan for Self Financing B. Ed for State Govt approved University?
Yes, you can apply for a Vidya Lakshmi Educational Loan to finance your B.Ed course at a State Government approved university. Make sure the university is recognized by the relevant authorities and that the course you're enrolling in meets the eligibility criteria for the loan. It's always a good idea to check with the bank or lender about any specific requirements. Best of luck with your application!
Why no one is talking about if annual income is more than 4.5 you're not Eligible
Sorry to hear this. Can you specify where you faced this rejection because of annual income above 4.5L?
4.5 lakh income criteria is for csis scheme and not fot getting education loan, if you need an ed loan why should there be any income limit 🤦♂
Hii sir , can I get loan from csis scheme of jansamarth, this is the scheme only for ews students , and my college is saitm ,gurgaon affiliated by maharishi dayanand University ,Is this college is in the list of jansamarth csis scheme ???please tell me
Yes, the CSIS scheme of Jansamarth is dedicated to EWS students. SAITM, Gurgaon, which is affiliated with Maharishi Dayanand University, is listed in the Jansamarth CSIS scheme.
How soon does the repayment process begin? After I finish my education or while studying?
Repayment starts After 1 year of program completion or 6 months of getting a job after post graduation whichever is earlier
In the context of Indian education loans, the repayment process typically begins after the completion of your education. Here’s a general overview of how the repayment process works:
Moratorium Period (Study Period + Grace Period):
Most education loans in India have a moratorium period, which includes your study period and a grace period afterward. During this time, you are not required to make any repayments.
The study period typically includes the duration of your course plus an additional grace period after completing your studies, which could range from 6 months to 1 year depending on the lender.
Start of Repayment:
Repayment of the education loan usually begins after the moratorium period ends. This means you will start making monthly repayments once you secure employment or as per the agreed schedule with the lender.
Some lenders may offer flexible repayment options, allowing you to start repaying earlier if you choose to do so.
Interest Accrual During Moratorium:
While you are not required to make repayments during the moratorium period, interest typically accrues on the loan amount from the disbursal date.
Depending on the loan terms, you may have the option to pay interest during the moratorium period to reduce the overall loan burden.
Repayment Schedule:
The repayment schedule, including the amount and frequency of repayments, is determined at the time of loan disbursement and is based on factors such as the loan amount, interest rate, and tenure.
You will receive a repayment schedule outlining the monthly installment amounts and due dates.
Postponement or EMI Holiday:
Some lenders may offer options for postponement of EMIs (Equated Monthly Installments) or an EMI holiday under certain circumstances, but this can vary among lenders.
It’s important to carefully read and understand the terms and conditions of your education loan agreement, including the repayment schedule and any provisions related to interest rates and penalties for late payments. Planning your finances accordingly during and after your education can help ensure a smooth transition into the repayment phase of your education loan.
Sir one doubt
Is this loan only applicable after studying for one year cause you stated as we should mention our academic score and others etc
Thank you for your question! The Vidya Lakshmi education loan portal allows students to apply for loans before starting their studies or at any point during their academic journey. The requirement to mention your academic scores and other details helps lenders assess your eligibility and the amount you can borrow. You can apply for the loan as soon as you have your admission details and necessary documents ready
Hello sir !! Kya jisme mera account hai ussi bank ko choose kare ya koi bhi ?? Aur kya ek hi bank choose kar skate hai ya 2-3 tak loan k liye
U can apply upto 3 banks, and u dont necessarily need an account in the bank to apply for ed loan, it can be opened later for repayment
You can choose any bank for your education loan, not necessarily the one where you already have an account. However, it might be more convenient to use your existing bank. You can apply to multiple banks for a loan, but ultimately, you can only secure the loan from one bank. It's best to compare the offers and choose the one that suits your needs the most.
Sir Is loan kliye father ka account De sakte he kyaa
Yes, you can provide your father's bank account details as a co-applicant when applying for an education loan through the Vidya Lakshmi portal. Typically, a co-applicant is required for education loans, and this can be a parent or guardian. The co-applicant’s financial details, including their bank account, will be necessary for the loan processing. Make sure that the account is active and regularly used, as it will be associated with loan disbursement and repayment.
Sir Recedenctial certificate na ho Or father ka income yearly 120000 ho toh Vidya Laxmi Portal main education loan milega ya nahi?
Even if you do not have a residential certificate and your father's annual income is ₹120,000, you may still be eligible for an education loan through the Vidya Lakshmi Portal. The bank will consider your financial situation, the cost of the course, and other factors before making a decision. Please proceed by filling in your details and uploading the required documents on the Vidya Lakshmi Portal to start the application process.
Sir i want to take education loan with subsidy (CSIS) for my msc (biochemistry) from DAVV indore so am i eligible for it and i should i apply for loan through vidhya Lakshmi portal or jansamath portal because i was told that there is a problem if you apply in jan samath poratal them you can not apply in vidhya lakshi but bank is asking to apply via vidhya lakshi
Certainly! Here is a detailed and clear reply to the comment on your UA-cam channel video:
Dear [Commenter's Name],
Thank you for your question. Here is some information to help clarify your concerns:
Eligibility for Education Loan with Subsidy (CSIS):
The Central Sector Interest Subsidy Scheme (CSIS) is available for students pursuing professional/technical courses in India.
To be eligible for CSIS, you should meet the specific criteria set by the scheme, such as family income not exceeding a certain limit and the course being recognized by the relevant authorities.
For specific eligibility criteria, you may need to check the official guidelines or consult with the bank.
Application Portals: Vidya Lakshmi vs. Jan Samarth:
Vidya Lakshmi Portal: This is a common education loan portal developed by NSDL e-Governance Infrastructure Limited under the guidance of the Department of Financial Services, Department of Higher Education, and the Indian Banks Association (IBA). It allows students to apply for education loans and scholarships.
Jan Samarth Portal: This portal is designed to connect borrowers with lenders, offering various credit-linked government schemes, including education loans.
Important Consideration:
If your bank has specifically asked you to apply via the Vidya Lakshmi portal, it is advisable to follow their instructions to avoid any complications in your loan application process.
It is true that applying through one portal might restrict you from applying through another, so it’s essential to choose the correct portal as guided by your bank.
Next Steps:
Confirm your eligibility for the CSIS by checking the scheme's detailed criteria.
Proceed with the application through the Vidya Lakshmi portal as recommended by your bank to ensure a smooth process.
Hello sir i heard about Vidya nidhi portal can we get education loan from there
The Vidya Nidhi portal is another initiative aimed at providing education loans to students in India. Similar to the Vidya Lakshmi portal, it connects students with banks and financial institutions to facilitate the process of obtaining an education loan.
Here’s how you can proceed with the Vidya Nidhi portal:
1. **Registration**: First, register on the Vidya Nidhi portal by providing your personal and academic details.
2. **Application**: Fill out the application form with details about the course you wish to pursue, the institution, and the loan amount required.
3. **Documentation**: Upload the necessary documents, such as proof of admission, academic records, identity proof, address proof, and income details of the co-borrower.
4. **Selection of Banks**: Choose the banks from which you want to apply for the loan. The portal allows you to apply to multiple banks simultaneously.
5. **Processing**: Once your application is submitted, the banks will review your application and contact you for any additional information or documentation if required.
6. **Approval**: The approval of the loan will depend on the criteria set by the individual banks, including academic performance, the course and institution, and the financial stability of the co-borrower.
While academic performance is a factor in the approval process, having a strong co-borrower and fulfilling other criteria can enhance your chances of getting a loan. It’s advisable to reach out to the banks you are interested in through the portal to discuss your specific situation and get more detailed guidance.
Hi sir,
I wanna take loan for my higher studies in abroad.
So which bank is better, could you please help me by providing this information and I would be highly obliged to you
When planning to take a loan for higher studies abroad, several Indian banks offer competitive education loans with varying terms and conditions. Here are some of the top Indian banks that provide education loans for studying abroad:
State Bank of India (SBI)
SBI Global Ed-Vantage Scheme: Specifically designed for students pursuing studies abroad. Offers loans up to INR 1.5 crore.
Interest Rate: Competitive rates with concessions for female students.
Repayment: Up to 15 years.
Collateral: Required for loans above a certain amount.
HDFC Bank
HDFC Credila Education Loan: Customizable loan products for studies abroad.
Interest Rate: Varies, often floating.
Repayment: Flexible repayment options.
Collateral: Depending on the loan amount.
Punjab National Bank (PNB)
PNB Udaan: Education loan scheme for studying abroad.
Interest Rate: Competitive rates.
Repayment: Up to 15 years.
Collateral: Required for higher amounts.
Bank of Baroda
Baroda Scholar: Education loan for students aiming for international education.
Interest Rate: Preferential rates for reputed institutions.
Repayment: Up to 15 years.
Collateral: Required for certain amounts.
Axis Bank
Axis Bank Education Loan: Covers a wide range of expenses for studying abroad.
Interest Rate: Competitive.
Repayment: Flexible tenure.
Collateral: Required based on the loan amount.
ICICI Bank
ICICI Bank Education Loan: Suitable for students pursuing higher education abroad.
Interest Rate: Competitive with flexible options.
Repayment: Up to 10 years.
Collateral: Required based on the amount.
Factors to Consider When Choosing a Bank:
Interest Rates: Compare interest rates and see if there are any concessions for female students or specific courses.
Loan Amount: Ensure the bank provides sufficient coverage for tuition fees, living expenses, travel, and other costs.
Repayment Terms: Look for flexible repayment options and tenure that align with your expected income after graduation.
Processing Fees: Check if the bank charges any processing fees and other hidden costs.
Customer Service: Choose a bank with good customer service and support for overseas education loans.
Conclusion:
Each bank has its own set of benefits and terms. State Bank of India (SBI) is often recommended due to its extensive network and specific schemes for international education. However, it's essential to compare the offerings of different banks based on your specific needs and preferences.
@@propelld Thank you so much for your indpeth information sir🙏🏻
Sir mene vidyalaxmi portal kliye apply kardiya hai
Likin
Bank walo ne bol rahe hai kii koi application show nanhi kar raha hai tumhara
Mene 2 din pehle kardia hai apply kya karu sir ...
Sir apke sath kaise baat karu
Hello, it usually takes a few days for the bank to receive and process applications from the Vidya Lakshmi portal. Please make sure your application has been submitted successfully and check the status on the portal. If the issue persists, you can contact Vidya Lakshmi support or visit the bank with your application reference number for further assistance. It’s also a good idea to follow up with the bank after a couple of days.
Sir kya ye loan first year ka v khud se pay kr denge ya hme hi krna hoga?
Please leave a reply sir please
When you apply for an education loan through the Vidya Lakshmi portal:
*Loan Disbursement Process:
After your loan application is approved by a bank, they typically disburse the loan amount directly to the educational institution where you are studying.The disbursement is usually done in installments based on the fee schedule provided by the institution.
*Payment Responsibility:
The bank pays the loan amount to the college on your behalf; you do not need to pay it directly to the bank unless specified otherwise. You are responsible for ensuring that all necessary documents (like admission letter, fee receipts, etc.) are provided for smooth disbursement.
*Monitoring and Repayment:
The bank may monitor your academic progress and may disburse subsequent installments based on satisfactory performance and other conditions. Repayment of the loan begins after the moratorium period ends or as per the terms agreed upon with the bank.
In summary, once your education loan is approved through the Vidya Lakshmi portal, the bank disburses the funds directly to your college. You do not pay the bank directly for tuition; instead, the bank handles the payment to the institution on your behalf.
Sir my college is in list B of sbi scholar loan I have every document but my family income is low will that be any issue in approving my loan as I’m eligible for SBI scholar loan of 20 lakh collateral free loan
If your college is in List B of the SBI Scholar Loan scheme and you have all the required documents, your family's low income should not be an issue for loan approval. Make sure to discuss all your concerns with the bank representative to ensure a smooth application process.
Kindly check your eligibility using the below link:
sbi.co.in/web/student-platform/sbi-scholar-loan-scheme
Sir meri in institute ka name nhi aa re ha plz halp or other opinion ma be nhi aa re ha
If your institute's name is not showing up on the Vidya Lakshmi portal or in the list of options while applying for an education loan, it may indicate that your institute is not registered with the portal. Here’s what you can do:
Check with Your Institute: First, contact the administration or financial aid office of your institute to confirm whether they are registered with the Vidya Lakshmi portal. If they are not, you can request them to initiate the registration process so that students like you can apply for education loans through the portal.
Explore Alternative Options: If your institute is not listed and cannot be registered immediately, consider applying for an education loan directly through a bank. Many banks offer education loans even if the institute is not listed on Vidya Lakshmi. You can visit the bank's branch or website to inquire about the process and eligibility criteria for such loans.
Contact Vidya Lakshmi Support: If you believe there might be an error or if you need further assistance, it’s a good idea to reach out to Vidya Lakshmi customer support. They can provide guidance on what to do next and may help resolve the issue.
It’s important to act quickly to ensure you meet any deadlines for your loan application. Don’t hesitate to explore all available options to secure the financial support you need for your education.
Dear Sir/Madam,
I wrongly registered in Jansamarth portal for loan subsidiary,
Now for Loan Sanctioning bank says to apply through Vidya Lakshmi Portal,but i am unable to furnish my application form.Shows already registered with jansamarth portal, now I can't deactivate my jansamarth account
If you're encountering an issue where the Jansamarth portal indicates that you're already registered and you're unable to deactivate your account, here are some steps you can take, particularly in relation to Vidya Lakshmi:
Steps to Resolve Account Issues on Jansamarth Portal
Check Registration Details:
Ensure that you are entering the correct details such as your name, date of birth, email ID, and phone number. Small discrepancies can cause such issues.
Use Forgot Password Option:
If you believe you are already registered, try using the "Forgot Password" option on the Jansamarth portal to reset your password and regain access to your account.
Contact Support:
Jansamarth Support: Reach out to the customer support team of Jansamarth. They can assist with account-related issues, including deactivation.
Email: You can find a support email on the Jansamarth portal.
Helpline: Call the helpline number provided on the portal for direct assistance.
Vidya Lakshmi Support: Since Vidya Lakshmi and Jansamarth are interconnected for educational loan schemes, you can also contact Vidya Lakshmi support.
Email: helpdesk@vidyalakshmi.co.in
Phone: 022-4090 1515 (available from 10 AM to 5 PM on weekdays)
Documentation:
Prepare necessary documents and information, such as your Aadhaar number, registered mobile number, email ID, and any other relevant details. This will help support teams address your issue more efficiently.
Alternative Approach:
If you urgently need to apply for an education loan and are unable to resolve the issue quickly, consider visiting the bank directly. Explain the situation to them, and they may provide an alternative way to proceed with your application.
Raise a Complaint:
If the issue remains unresolved, consider raising a formal complaint through the portal's grievance redressal system. This might expedite the resolution process.
Key Contacts
Jansamarth Portal: Look for the "Contact Us" section on their official website.
Vidya Lakshmi Portal:
Email: helpdesk@vidyalakshmi.co.in
Phone: 022-4090 1515
By following these steps and reaching out to the appropriate support channels, you should be able to resolve the issue with your Jansamarth account and proceed with your application process through the Vidya Lakshmi portal.
@@propelld bhaiya I already mailed them one year ago, yes u read it right, I tried from last one year to resolve this issue for my sister's education loan, but no one reply from their side, also not helping from call, first of all bank deny to give loan for absence of father, after that I want to be a guarantor then they say to apply to vidya lakshmi, from last one year this problem arise, whenever I mailed jansamarth they create a ticket number for my problem, and that's it, it continues from last one year. Now I really in struggle
Same problem, if your problem gets solved please do share what you did to resolve the issue
@@dikshachauhan1275 it's not solved
Hii sir i applied for Education loan through vidyalakshmi portal in sbi Now how to check the status of my education loan
Hi! You can easily check the status of your education loan application submitted through the Vidya Lakshmi portal. Here’s how you can do it:
Log in to Vidya Lakshmi Portal: Go to the Vidya Lakshmi website and log in with your credentials.
Check Application Status: Once logged in, navigate to the 'Application Status' section. Here, you will be able to see the status of your loan application submitted to SBI.
Contact SBI: If you need further assistance, you can contact the SBI branch where you applied or the education loan department. They can provide detailed updates on your application status.
Follow Up: Ensure to follow up regularly and provide any additional documents or information requested by the bank.
Sir I wanted and am eligible for subsidy edu loan
But i heard if i apply on vidya lakshmi portal I won't get subsidy
Is this true?!
It's great that you're considering a subsidy for your education loan. The Vidya Lakshmi portal is actually designed to help students apply for both education loans and subsidies. You can still be eligible for subsidy schemes like the Central Sector Interest Subsidy Scheme (CSIS) even if you apply through the Vidya Lakshmi portal. Here’s what you should know:
Check Subsidy Eligibility: Ensure you meet the criteria for subsidy schemes like CSIS, which generally include family income limits and admission to recognized institutions.
Use Vidya Lakshmi Portal: Applying through the Vidya Lakshmi portal does not disqualify you from getting subsidies. In fact, the portal helps in coordinating with banks for such schemes.
Mention Subsidy Requirement: While filling out the application, clearly mention your need for a subsidy. The banks will take this into consideration and guide you accordingly.
Consult Bank Representatives: After applying, follow up with the bank to ensure they process your subsidy request.
My college fee is very minimal...but i want loan for upsc prep
If your college fees are minimal but you require a loan for UPSC preparation, there are specific steps and considerations to take into account, especially through the Vidya Lakshmi portal.
Vidya Lakshmi Portal and Education Loans for UPSC Preparation
Eligibility:
Generally, education loans through the Vidya Lakshmi portal are for higher education courses. However, some banks might offer loans for professional and competitive exam preparation, including UPSC.
Loan for Competitive Exam Preparation:
Some banks provide loans specifically for the preparation of competitive exams like UPSC. These loans might cover expenses such as coaching fees, study materials, and other related costs.
Steps to Apply for a Loan for UPSC Preparation via Vidya Lakshmi Portal:
Register on the Vidya Lakshmi Portal:
Go to the Vidya Lakshmi portal.
Register yourself with the required details.
Fill the Common Education Loan Application Form (CELAF):
Complete the CELAF with accurate information about your educational background, the course, and the purpose of the loan (in this case, UPSC preparation).
Select the Bank:
From the list of available banks, choose those that offer loans for competitive exam preparation. Research each bank’s specific offerings as not all banks may provide loans for UPSC preparation.
Submit Required Documents:
Typical documents required include identity proof, address proof, proof of academic records, and proof of admission to a coaching institute (if applicable).
Some banks may require a detailed plan of your UPSC preparation, including the cost breakdown.
Loan Approval and Disbursement:
Once submitted, the bank will review your application and may require additional documentation or an interview.
If approved, the loan amount can be disbursed directly to your bank account or to the coaching institute, depending on the terms of the loan.
Key Points to Consider:
Interest Rates and Terms:
Interest rates for loans intended for exam preparation can vary. Ensure you understand the terms, including the interest rate, repayment schedule, and any moratorium period.
Repayment Schedule:
Many banks offer a moratorium period during which you don’t have to repay the principal amount. This period usually includes the preparation time plus an additional grace period.
Collateral and Co-borrower:
Depending on the loan amount, some banks may require collateral or a co-borrower. This is more common for larger loan amounts.
Contacting Banks for Specific Information:
Research and Contact Banks:
Directly contact banks listed on the Vidya Lakshmi portal that might offer loans for UPSC preparation. Each bank might have different criteria and offerings.
Bank Helplines and Branch Visits:
Visit the branches of the selected banks or use their helplines to get detailed information and clarify any doubts.
By following these steps and carefully selecting the right bank, you can secure a loan for your UPSC preparation through the Vidya Lakshmi portal, ensuring you have the necessary financial support to achieve your goals.
Not applicable for bachelor course
Sorry, not sure what is not applicable for bachelor course. Can you explain?
@@propelld interest amount will be?how much% interest we have pay them ?
Sir my college id imprecal school of agri business..ISAB ...in greater Noida...and i come under ews...is this cllg listed?
Imperial School of Agri Business (ISAB) is indeed listed under the National Capital Region (NCR) of India. Specifically, it is located in Greater Noida, which is part of the NCR. ISAB is recognized as a premier institution specializing in agribusiness management and is known for its 100% placement record for graduates.
The college offers various programs focused on food and agribusiness management and is supported by numerous industry partnerships, enhancing its educational offerings and placement opportunities for students.
Hii sir I applied 2banks in the vidhya lakshmi portal sir I want to change my loan application form in a vidhayalakshmi portal so I ask the bank they will rejected my application sir but in my application showed one bank is in process ask again they said already reject so what will I do sir please tell me sir
If you need to change your loan application form on the Vidya Lakshmi portal but are facing issues with the application status, here’s what you can do:
Contact Vidya Lakshmi Support:
Reach out to the Vidya Lakshmi portal support team. You can contact them via email at vidyalakshmi@nsdl.co.in or use the contact form available on the portal. Explain your situation in detail, including the application IDs and the banks you applied to.
Check with the Bank:
Visit or call the bank branch directly. Sometimes, the rejection might not be updated on the portal immediately. By discussing this directly with the bank officials, you might get quicker insights and possibly expedite the update process.
Update or Resubmit Application:
Once the rejection is confirmed and reflected on the Vidya Lakshmi portal, you should be able to edit or resubmit your application. If the portal doesn’t allow you to make changes, you might need to submit a new application altogether.
Clear Cache and Cookies:
Occasionally, the browser cache can cause outdated information to display. Clear your browser cache and cookies and then check the application status again.
Monitor Portal Status:
Regularly check the status on the Vidya Lakshmi portal. Once the status is updated to reflect the rejection, you should be able to proceed with making the necessary changes.
If you still face issues, you may need to escalate the matter through the bank's grievance redressal mechanism or seek assistance from the educational institution's financial aid office.
Sir agr hum first year ki fee pay lr dete h and losn ke liye apply karte h fir kya hume first year ke liye loan milega jinse liya tha unko dene ke liye ?
If you have already paid your first-year fees and now wish to apply for a loan to cover these expenses retrospectively, here's how you can approach the situation through the Vidya Lakshmi portal:
Applying for an Education Loan via Vidya Lakshmi After Paying First-Year Fees
Eligibility:
Banks typically prefer to disburse loans for future expenses rather than reimbursing past payments. However, some banks may consider your application if you provide sufficient justification and documentation.
Documentation:
Gather all relevant documents, including:
Proof of payment for the first-year fees (receipts, bank statements).
Admission letter and fee structure from your college.
Academic records and identity proof.
Explanation letter stating why you need the loan for the first year's fees reimbursement.
Fill the Common Education Loan Application Form (CELAF):
Register on the Vidya Lakshmi portal.
Complete the CELAF with accurate details about your course and the total loan amount required, including the first-year fees.
Select the Bank:
Choose banks that are more flexible and might consider your request for reimbursement. Each bank has different policies, so it's essential to review them before applying.
Submit the Application:
Submit your application along with all required documents, including the justification letter for the reimbursement of first-year fees.
Bank Review Process:
The bank will review your application. They might ask for additional information or documents to support your request for reimbursement.
Be prepared to explain your situation clearly and provide any required details promptly.
Loan Approval and Disbursement:
If the bank approves your loan, the amount may be disbursed directly to your bank account. You can then use these funds to cover the expenses already paid for the first year.
Points to Consider
Interest Rates and Terms:
Understand the interest rates, repayment terms, and any moratorium period offered by the bank.
Repayment Schedule:
Ensure you are clear about the repayment schedule, including when the repayments will start and any grace period provided.
Contact Information for Assistance
Vidya Lakshmi Portal Support:
Email: helpdesk@vidyalakshmi.co.in
Phone: 022-4090 1515 (available from 10 AM to 5 PM on weekdays)
Bank Helplines and Branch Visits:
Visit the selected bank's branch or contact their helpline for detailed information and to clarify any doubts.
By following these steps and ensuring all necessary documentation and justifications are in place, you can apply for a loan through the Vidya Lakshmi portal to cover your first-year fees retrospectively
Thanks for this precious information@@propelld
Hi sir iappliDear sir,
I am Lakshmi kattepogu i had applied for education loan from Vidya Lakshmi portal to SBI and Canara bank, due to some account descpeincy with father account, bank official asked me to Apply with new loan application from my Mother's account details for which my Previous Applicant should be in rejected status to then only my application editibility is possible, when I approach the Field officer he said the application has been rejected but in Vidya Lakshmi portal the status has not yet changed since it is showing still process instead of Rejected, i would request to please confirm me the same by mail confirmation saying that my application got rejected so that I can raise new loan application in Vidya Lakshmi portal
Kindly revert with positive feedback, mail confirmation was asked by Vidya Lakshmi portal help desk.. this is my problem sir 😭 please tell me the solution sir
Dear Lakshmi,
Thank you for reaching out and explaining your situation.
To resolve this issue, please follow these steps:
Contact Bank Official: Request the field officer or the bank official who handled your application to provide you with a written confirmation via email stating that your previous application has been rejected. This confirmation is essential for the Vidya Lakshmi portal to update your application status.
Forward Confirmation to Vidya Lakshmi: Once you receive the email confirmation from the bank, forward it to the Vidya Lakshmi portal help desk. This will help them verify the rejection and update your application status to "rejected."
Follow Up: After forwarding the confirmation, follow up with the Vidya Lakshmi help desk to ensure they have received the email and are processing the update.
New Application: Once your previous application status is updated to "rejected," you can proceed with submitting a new loan application using your mother's account details on the Vidya Lakshmi portal.
Sir I want to do Bsc in Cyber Security. Will I get living expenses like PG expenses and I need to do some certifications like CCNA, OSCP. Can I get these too? Please reply sir. I am in crying need😢😢
The Vidya Lakshmi education loan scheme can be a great option for students pursuing higher education, including a BSc in Cyber Security. This scheme is designed to help students manage the financial burden of education. Here’s how it can assist you:
Living Expenses:
The education loan typically covers not only the tuition fees but also other expenses related to your education. This includes accommodation, such as PG (Paying Guest) expenses, food, travel, and other living costs. Ensure you check with the specific bank for the detailed coverage and limits.
Certifications:
Certifications like CCNA and OSCP, which are essential for a career in Cyber Security, can also be covered under the education loan. These certifications are often seen as part of the course-related expenses, so make sure to include them in your loan application.
@@propelld But sir PNB completely denied to approve my living expenses let alone other certification costs!!!!!!!!!!!
What should I do sir?
@@debjyotichoudhury4989mujhe bhi yahi bola hai
Sir can I get education loan for fees + private hostel/flat and private mess ?
Yes, the Vidya Lakshmi loan covers expenses for fees, private hostels/flats, and private messes. However, for costs related to laptops, private messes, and private hostels, you will need to pay upfront and then submit the bills and receipts to the bank for reimbursement.
I need loan for Canada for my future study 14 lakh tution fee, 13 lakh GIC can i get loan?
Hi! Applying for an education loan for studying in Canada is a great step. Through the Vidya Lakshmi portal, you can apply for a loan that covers both your tuition fee and GIC. Here’s how you can proceed:
Register on Vidya Lakshmi Portal: Visit the Vidya Lakshmi website and register yourself(www.vidyalakshmi.co.in/Students/signup).
Fill the Common Education Loan Application Form (CELAF): Complete the form with all necessary details, including your requirement for Rs. 14 lakhs for tuition fees and Rs. 13 lakhs for the GIC.
Submit to Multiple Banks: The portal allows you to apply to multiple banks like SBI, HDFC, ICICI, etc. at once.
Check Eligibility: Ensure you meet the eligibility criteria for the banks you are applying to, which often include a good academic record, admission to a recognized Canadian institution, and a strong financial co-applicant.
Prepare Documents: Gather necessary documents such as your admission letter, fee structure, co-applicant’s income proof, and details about the GIC.
Track Application Status: After submitting, you can log in to the portal to track the status of your application and follow up with the respective banks if needed.
Sir I need your help
We would be happy to help you, Kindly share you information through the Link below:
propelld.com/site/lp/study-loan-eligibility?
@@propelld sir can I got a loan for private mbbs in India with 250 marks in neet and I provide collateral as a I think u understand
Yes. You can. However more details will be required to understand your loan eligibility like:
1. Academic Background: Admission to recognized institutions boosts eligibility.
2. Course Selection: Accredited courses often have better approval rates.
3. Loan Purpose: Loan should be for tuition, fees, books, and related expenses.
4. Repayment Ability: Co-applicant's income stability or collateral can assure repayment.
5. Credit History: A good credit score enhances approval chances.
6. Loan Amount: Meeting lender's criteria for loan-to-income ratio.
7. Age: Typically, applicants should be within certain age brackets.
8. Documentation: Submission of academic records, admission letter, and other required documents.
sir me nepal se mbbs karne ja raha kya me CSIS scheme ke liye eligble hu ?
According to the guidelines provided by the Medical Council of India (MCI), Indian students pursuing MBBS in Nepal may be eligible for the Central Sector Interest Subsidy (CSIS) scheme, provided they meet certain criteria. The CSIS scheme offers interest subsidy on educational loans to students from economically weaker sections (EWS).
Here are the eligibility criteria for the CSIS scheme:
Nationality: The student must be an Indian citizen.
Course: The scheme is applicable to recognized professional/technical courses, including MBBS.
Institution: The MBBS course should be from an institution recognized by the relevant authority. If you are pursuing MBBS in a recognized medical institution in Nepal that is approved by MCI (now NMC), you may be eligible.
Parental Income: The annual parental income should be less than ₹4.5 lakh.
Loan Sanctioned: The loan must be sanctioned by an Indian bank under the IBA model education loan scheme.
To ensure your eligibility:
*Verify that your institution and course are recognized by the NMC/MCI.
*Ensure that the education loan is taken from a bank in India.
For more details and the application process, you should contact your lender bank or visit the official CSIS scheme portal. Make sure to have all your documents ready and ensure that you meet all the required criteria.
Coplident nhi ha to kya kra
A co-applicant is essential for an education loan because the financial lender relies on them if the primary applicant is unable to repay the loan due to unforeseen circumstances. It is a standard requirement for all banks to have a co-applicant for education loans.
If you have more queries about getting an education without Co-applicant contact us through the link below,
propelld.com/site/lp/study-loan-eligibility?
Sir loan lene ke baad interest lagna kbse start hota h?
Hi! Education loans typically have a moratorium period, during which you do not have to repay the loan. However, interest may still accrue during this period. Here are the general details:
Moratorium Period: This is usually the course duration plus 6 months to 1 year after course completion.
Interest Accrual: Interest generally starts accruing from the date of loan disbursement. However, repayment of this interest may not be required during the moratorium period.
Interest Payment Options:
Simple Interest: You may choose to pay only the interest during the moratorium period.
Compound Interest: If you do not pay the interest during the moratorium, it may be added to the principal amount, leading to compound interest.
Repayment Period: After the moratorium, you start repaying both the principal and interest.
For exact details, refer to your loan agreement or consult your bank.
Sir aapki website propelld maine apply kar diya magar abhi tak koi reply nahi aaya sir do bar kar chuka hu 15 days ke between but response nahi mila
Please feel free to contact us on support@propelld.com / 7375911702 for any queries. Our team will check and assist you further.
Sir i hv got only 49% in 12th will i get loan. M
Yes, you can apply for an education loan through the Vidya Lakshmi portal even if you have 49% marks. However, the approval of your loan application depends on several factors, including the specific requirements and criteria set by the participating banks.
Here are a few things to consider:
Eligibility Criteria: Different banks have different eligibility criteria for education loans. While academic performance is one factor, banks also consider other aspects such as the course you are planning to pursue, the institution, your co-borrower's financial stability, and your overall repayment capacity.
Co-Borrower: Having a strong co-borrower (usually a parent or guardian with a stable income) can significantly improve your chances of getting a loan.
Collateral: For higher loan amounts, banks often require collateral. Providing collateral can also improve your chances of loan approval.
Repayment Capacity: Banks assess the repayment capacity of the applicant and the co-borrower. A stable source of income for the co-borrower can be a positive factor.
Loan Amount and Course: The loan amount and the course you are planning to pursue can also affect the approval process. Loans for professional and job-oriented courses are generally considered less risky by banks.
I recommend checking the specific requirements of the banks you are interested in through the Vidya Lakshmi portal. Additionally, you might want to reach out to the banks directly to discuss your situation and get personalized advice.
Sir mai bsc nursing private krna chahti hu kya loan mil skta h or kaise
Absolutely, you may be able to get a loan for your BSc Nursing studies through the Vidya Lakshmi portal, even if you plan to attend a private institution. The Vidya Lakshmi portal is a one-stop platform for students seeking education loans. However, it's essential to check the specific loan requirements and eligibility criteria from different banks listed on the portal. They typically evaluate factors like your academic records, the credibility of the institution, and sometimes your family's financial background. It's best to research and apply through the Vidya Lakshmi portal to understand the terms and conditions from various lenders. Good luck!
hii
Third class video. only speaking & speaking
Hello sir i heard about Vidya nidhi portal can we get education loan from there
The Vidya Nidhi portal is another initiative aimed at providing education loans to students in India. Similar to the Vidya Lakshmi portal, it connects students with banks and financial institutions to facilitate the process of obtaining an education loan.
Here’s how you can proceed with the Vidya Nidhi portal:
1. **Registration**: First, register on the Vidya Nidhi portal by providing your personal and academic details.
2. **Application**: Fill out the application form with details about the course you wish to pursue, the institution, and the loan amount required.
3. **Documentation**: Upload the necessary documents, such as proof of admission, academic records, identity proof, address proof, and income details of the co-borrower.
4. **Selection of Banks**: Choose the banks from which you want to apply for the loan. The portal allows you to apply to multiple banks simultaneously.
5. **Processing**: Once your application is submitted, the banks will review your application and contact you for any additional information or documentation if required.
6. **Approval**: The approval of the loan will depend on the criteria set by the individual banks, including academic performance, the course and institution, and the financial stability of the co-borrower.
While academic performance is a factor in the approval process, having a strong co-borrower and fulfilling other criteria can enhance your chances of getting a loan. It’s advisable to reach out to the banks you are interested in through the portal to discuss your specific situation and get more detailed guidance.
Sir kya ye loan first year ka v pay krdenge ya hme hi krna hoga?
When you apply for an education loan through the Vidya Lakshmi portal:
*Loan Disbursement Process:
After your loan application is approved by a bank, they typically disburse the loan amount directly to the educational institution where you are studying.The disbursement is usually done in installments based on the fee schedule provided by the institution.
*Payment Responsibility:
The bank pays the loan amount to the college on your behalf; you do not need to pay it directly to the bank unless specified otherwise. You are responsible for ensuring that all necessary documents (like admission letter, fee receipts, etc.) are provided for smooth disbursement.
*Monitoring and Repayment:
The bank may monitor your academic progress and may disburse subsequent installments based on satisfactory performance and other conditions.
Repayment of the loan begins after the moratorium period ends or as per the terms agreed upon with the bank.
In summary, once your education loan is approved through the Vidya Lakshmi portal, the bank disburses the funds directly to your college. You do not pay the bank directly for tuition; instead, the bank handles the payment to the institution on your behalf.