Education Loan – Vidya Lakshmi Scheme

The Government of India has brought various financing schemes for higher education, a significant one being the Vidya Lakshmi portal. Students can apply for education loan to multiple financial institutions with one application on this portal. Bajaj Finserv brings this facility for students to help finance their higher education in the form of Vidyalakshmi Education Loan scheme.

Under this scheme, students can apply for an Education Loan through a common application form CELAF. Track your application status online at this portal. Or, find the government scholarships through the National Scholarship Portal link it provides.

Register on the portal first to apply for this loan. Proceed with Vidyalakshmi login details, and fill up the common application form. Apply to a maximum of three financial institutions with that same application form depending on the eligibility and needs. On approval, loan disbursal happens directly from the concerned institution.

The Vidyalakshmi Education Loan interest rates offered by various institutions follow the guidelines issued by the RBI and IBA, concerning the standard lending rates. It may vary from one institution to another.

While the Vidyalakshmi Loan is a convenient financing option for higher education, it may not always suffice the cost of education. Seeking admission to overseas universities may be far costlier.

Bajaj Finserv, thus, alternatively brings Education Loan on Property with high loan value. Fund all the expenses related to your child’s education including admission fees, tuition fees, expenses for living, etc. Meet their travelling expenses by funding the flight tickets to another city or country with this loan.
 

Features and Benefits of Education Loan on Property