Vidyalakshmi Scheme Eligibility Criteria on Education Loan

What are the Eligibility Criteria for Vidyalakshmi Scheme on Education Loan?

The Vidyalakshmi education loan scheme provides students with access to education loan-related information from a single platform. Learners can get complete information on education loans from different lenders on this central IT-based portal.

They can also apply for the advance with multiple lending institutions via one CELAF, the Vidyalakshmi loan application form.

Benefits of Seeking Education Loan via Vidyalakshmi Portal

• No hidden charges due to the transparency
• No branch visit is required
• Zero involvement of loan agents

Eligibility Criteria for Students

Students can avail Vidyalakshmi scheme on education loan on qualifying the following parameters:

• They must secure admission to their preferred course after qualifying at the entrance exam conducted by the concerned institute.
• No minimum qualifying score is there to apply for an education loan in India under the Vidyalakshmi scheme.
• They must be the citizens of India.

Courses Covered Under this Scheme

If you pursue higher education in India, a student loan in India can be availed for the following courses via Vidyalakshmi portal:

1. Regular diploma and degree courses such as shipping, pilot training, engineering, etc.
2. Regular degree as well as diploma courses from IIM, IIT and other autonomous institutions.
3. Central or State Government-approved nursing courses, teacher training courses, etc.
4. Degree and diploma courses of professional and technical disciplines, post-graduate and graduate courses. These must be pursued from universities or colleges affiliated to UGC, AICTE, Govt., etc.

Additional Read: What are various Education Loan Schemes?

If you enrol in a foreign institute, the following courses are covered:

1. Courses which are conducted by Certified Public Accountant (CPA) in the USA, Chartered Institute of Management Accountants (CIMA) in London, etc.
2. MBA, MCA, MS and such other job-oriented diploma and degree courses from reputed educational institutions overseas.

In case you need a higher amount of funding, Bajaj Finserv’s Loan Against Property for Education can be your choice. Our study loan on property offers up to Rs. 3.5 Crore to cover all expenses adequately.

What is a Loan Against Property?

What is a Mortgage Loan?

What are the Features of a Mortgage Loan?

What is the process for Loan Against Property?

Can I get tax benefits on a Loan Against Property?

How does a Mortgage Loan work?

What is the minimum CIBIL score required for a Loan Against Property?

Education Loan Procedure – How to Apply for It?

How to Get Education Loan?

How to Finance using an Education Loan?

What are the 6 mortgage types in India?

Mortgage Loan For Self-Employed - How To Use The Money For Business Activities?

Who Can Be The Co-Applicant For A Loan Against Property?

What is Loan to Value in Mortgage Loan?

Do You Need A Guarantor For A Loan Against Property?

What Is The Repayment Tenure For A Loan Against Property?

What is a Reverse Mortgage?

How is Reverse Mortgage a Boon for Senior Citizens?

What are the Benefits of Reverse Mortgage?

Questions to Ask Before You Avail Reverse Mortgage Loan

How to Use a Mortgage Loan Calculator?

How to prepay Loan Against Property?

How to Get a Secured Business Loan?

What is Microfinance and What Does It Bring?

Know The Equipment Financing Rates Of Interest and Associated Charges:

What is a Term Loan Calculator?

What Advantages Does Invoice Discounting Bring?

Factoring and Bill Discounting

What is a Credit Score?

How To Avail Padho Pardesh Scheme For Minority?

What Are The Eligibility Criteria For Education Loan?

What Are The Documents Required For Education Loan?

What is Education Loan Subsidy?

Step by Step Process for Padho Pardesh Scheme on Education Loan

Courses for which Education Loans are available in India

Step-by-step process for education loan through Vidyalakshmi Scheme

What are the important features of the Vidyalakshmi Scheme?

How To Take An Education Loan For Studying Abroad?

What Is Education Loan Interest Subsidy Scheme?

What Is The Complete Process Of Getting Education Loan For Abroad?

Loan Against Property Interest Rates: Fixed vs Floating

Fixed Loan Against Property Interest Rates

Floating Loan Against Property Interest Rates

What is Lal Dora Certificate

Benefits of Lal Dora Land in Delhi

How to Invest in Lal Dora Property?

Carpet Area Versus Built-Up Area

How to Calculate Carpet Area?

What is Unemployed Loan?

How to Avail Pradhan Mantri Rozgar Yojana

Step by Step Process for Loan for Unemployed

Unemployed Loan

Property Rates in Delhi NCR

Property Rates in Pune

Property Rates in Chennai

Property Rates in Kolkata

Property Rates in Mumbai

What are the Documents Required for Loan Against Property

Why is Loan Against Property Prepayment not possible

What kind of Property be Mortgaged

How can a CIBIL defaulter get Loan Against Property

How Much Loan One can get Against Property

What is Overdraft Loan Against Property?

What is a Personal Property Loan

What is the working of Commercial Property Loan

What Types of Property are accepted by lenders for providing Loan Against Property?

What is Loan Tenure and Factors which affect Loan Amount and Tenure?

Reasons for Loan Application Rejection

How Can You Sell Your Property While It’s Under Debt?

Loan Against Property: Procedure and Must Dos

How to get an Education Loan for an undergraduate degree in BA

How can I get 100% Loan Against Property?

What Is The Difference Between Loan And Overdraft?

How To Avail Loan Against Property Without Income Proof Or ITR?

What Is The Difference Between Mortgage And Loan?

Start-Up India Scheme- Overview

Start-Up India Scheme Eligbility Criteria