Vidya Lakshmi Portal for Education Loan Scheme: Objectives, Benefits & How to Apply

The Government of India has brought forward various financing schemes for higher education, a significant one being the Vidya Lakshmi scheme. Under this scheme, students can apply for an education loan through a common application form called CELAF. Track your application status online on this portal or find government scholarships through the National Scholarship portal link it provides.

Register on the Vidya Lakshmi portal first to apply for this loan. Proceed with your Vidya Lakshmi login details and fill up the common application form.

Ample funding up to Rs. 10.50 crore*

Apply for a high loan amount to ensure that lack of funds does not get in the way of quality education.
Convenient repayment

Pay EMIs over a flexible tenor of up to 15 years while accounting for income from a future job.
Secure & easy balance transfer

Avail our loan against property balance transfer facility for attractive interest rates and a high-value top-up loan.
Hassle-free application

Save time with our simple eligibility criteria and minimal documentation.
Disbursal in 3 days*

Get the money in your bank account within 72 hours* of approval and secure admission at your preferred institute.

Education loan for Vidya Lakshmi scheme

The Vidya Lakshmi Scheme introduced by the Government of India helps students apply for an education loan to a maximum of three financial institutions with one application. To avail of this facility, create an account on the Vidya Lakshmi portal. Use your Vidya Lakshmi login details to fill up the common application form (CELAF). The eligibility criteria, interest rates, and loan disbursal process vary from one financial institution to the other.

If you are looking for an alternative education loan scheme or need more funding, you can apply for the Bajaj Finserv education loan on property. With our high-value loan, you can access funds up to Rs. 10.50 crore* for any purpose including overseas tuition fees, living expenses, and flight tickets. With our competitive education loan interest rates and a flexible tenor of up to 15 years*, you can pay comfortably at your own pace. Bring down your EMIs by up to 45%* when you choose to pay interest-only EMIs with our Flexi facility during the initial tenor.

For salaried

Nationality

Resident of India, owning property in the following BHFL locations:

Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad
Age

You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity
Employment

Salaried employee of any private, public or multinational organization

Nationality

Resident of India, owning property in the following BFL locations:

Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad
Age

You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity
Employment

Self-employed individual with a steady income from business