Can I apply twice in Vidyalakshmi portal?
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Can I apply twice in Vidyalakshmi portal?
Students can apply to 3 different banks simultaneously. The Vidyalakshmi portal has a facility where students can write to banks regarding their grievances at any time.
How much loan can I get from Vidya Lakshmi?
The Vidya Lakshmi education loan interest rate starts from 8.40\%. However, they can avail of education loans up to INR 4 Lakh without any collateral for a tenure of up to 15 years.
What are the documents required for Vidyalakshmi portal?
Mark sheet of last qualifying examination • Proof of admission to the course • Schedule of expenses for the course, from the Institution • Passport size photographs of the applicant / parent / Co-obligant / Guarantor (2 copies each) • Proof of income / assets (if any) • Latest salary certificate and form No.
What are the documents required for Vidyalakshmi education loan?
Vidya Lakshmi – Education Loan
- Mark sheet of last qualifying examination;
- Proof of admission (should compulsorily consist the name of institution and course)
- Proof of income / assets (if any)
- Photos to be provided for Student / Parent / Guarantor, whose income details have been provided.
What is Vidya Lakshmi portal?
Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.
Is Vidyalakshmi portal mandatory?
“The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through the NSDL portal. Vidya Lakshmi is the IT-based Student Financial Aid Authority to administer and monitor scholarships as well as education loan schemes.
What are the documents required for applying Vidyalakshmi education loan?
How can I get education loan from Bank?
Documents required for Education Loan
- KYC documents.
- Bank Statement / Pass Book of last 6 months.
- Optional – Guarantor Form.
- Copy of admission letter of the Institute along with fees schedule.
- Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses.
How will I know once education loan is approved on Vidya Lakshmi?
Vidya Lakshmi portal will send a system generated password through an e-mail. 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.
What is the Vidya Lakshmi portal?
Vidya Lakshmi Portal (VLP) provides a platform wherein students apply for loans to their preferred bank and bank processes and disburses the loan. Each Bank has its own set of norms for dealing with defaulters. How much time does it take to approve and sanction the loan?
Which is the best online portal to apply for education loans?
Vidya Lakshmi is the best option. The process to apply for education loans is fast and easy with the help of Vidya Lakshmi. It is the best portal to apply for loans,gives access to all bank schemes which is really convenient. Portal features are quite satisfying. I found the portal of Vidya Lakshmi really helpful.
How to apply for education loans?
The process to apply for education loans is fast and easy with the help of Vidya Lakshmi. It is the best portal to apply for loans,gives access to all bank schemes which is really convenient. Portal features are quite satisfying. I found the portal of Vidya Lakshmi really helpful. This saved me a lot of time and money.