The Government of India has brought forward various financing schemes for higher education, a significant one being the Vidya Lakshmi scheme. Students can apply for an education loan to multiple financial institutions with one consolidated application on this portal. Bajaj Finserv offers this facility for students to help finance their higher education in the form of the Vidya Lakshmi education loan 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. Apply to a maximum of three financial institutions with that same form depending on the eligibility criteria. On approval, loan disbursal happens directly from the concerned institution.
The Vidya Lakshmi education loan interest rates offered by various institutions follow the guidelines issued by the RBI and IBA, concerning standard lending rates. These may vary from one institution to another.
While the Vidya Lakshmi education loan is a convenient financing option for higher education, it may not always cover the entire cost of the course, especially if you are seeking admission to universities overseas.
Bajaj Finserv, thus, alternatively brings to you education loans on property with a high loan value. Fund all the expenses related to your own or your child’s higher education including admission fees, tuition fees, living expenses, and more, easily with this loan.
Get money in bank in just 4 days* with a Loan Against Property.Apply now
Gift your child the best education loan with a high amount of up to Rs. 3.5 Crore from Bajaj Finserv. Salaried individuals can avail up to Rs. 1 Crore.
You can pay back the loan over a long tenor going up to 20 years, with flexible repayment schemes to make the EMIs more affordable.
You can also transfer your existing property loan using the loan against property balance transfer facility with Bajaj Finserv at attractive interest rates. Get a top-up loan of high value to finance additional expenses, when you apply.
Get your education loan on property disbursed within 72 hours* of approval on your application.
Loan approval from Bajaj Finserv involves minimal documentation with doorstep document collection benefit to make the process more convenient for you.
Know the easy-to-meet education loan eligibility criteria and documentation required to get approval on this secured loan from Bajaj Finserv. If opting for the Vidya Lakshmi education loan, you need to meet the eligibility requirements of each financial institution you are applying to.
The application process for the Bajaj Finserv Education Loan on Property is as simple as the Vidya Lakshmi loan application procedure. Follow these steps:
Apply for our education loan on property by filling up the online application form.
Within 24 hours* of filling the online form, our representative will contact you.
Submit your documents to our representative and receive the loan amount in your specified account within 72 hours*.