Education loan for Vidya Lakshmi scheme
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.
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Ample funding up to Rs. 5 Crore*
Apply for a high loan amount to ensure that lack of funds does not get in the way of quality education.
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Convenient repayment
Pay EMIs over a flexible tenor of up to 18 years while accounting for income from a future job.
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Secure & easy balance transfer
Avail our loan against property balance transfer facility for attractive interest rates and a high-value top-up loan.
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Hassle-free application
Save time with our simple eligibility criteria and minimal documentation.
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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. 5 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 20 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.
Eligibility criteria and documents required for education loan on property
Meet our simple education loan eligibility criteria and apply for an education loan on the property by submitting just a few documents.
For salaried
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Nationality
Resident of India, owning property in the following BHFL locations:
Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad
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Age
28 to 58
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Employment
Salaried employee of any private, public or multinational organization
For self-employed
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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
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Age
25 years to 70 years
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Employment
Self-employed individual with a steady income from business
If opting for the Vidya Lakshmi Loan, you need to meet the eligibility requirements of the financial institution you are applying to.
How to apply education loan on property
The application process for the Bajaj Finserv education loan on property is simple:
- 1 Apply with our online application form
- 2 Enter your personal and property details
- 3 Provide your income details for the best loan deal
Once you submit the form, our relationship manager will call you to guide you through the next steps.
*Conditions apply
