Benefits of Vidya Lakshmi Portal Education Loan Scheme
- The students get information about educational loan schemes of banks.
- Common educational loan application form is available to students.
- There is a provision to apply to various banks for educational loans through a single form.
- The site is linked to the national scholarship portal for information and to apply for government scholarships.
- Students can view the status of their loan application at any time and at any place with an easy access to the dashboard facility of the website.
- Students can also send to the banks e-mail grievances/queries for any kind of issues or difficulties relating to educational loans.
- Banks can also upload loan processing status.
- Banks can also download student's loan applications.
How to apply for educational loan through the Vidya Lakshmi portal?
- Register yourself on the portal.
- Fill up the Common Application form for scholarship referred as the Common Education Loan Application Form (CELAF). This form is prescribed by Indian Banks Association (IBA) and is accepted by all banks.
- Based on the eligibility criteria, the portal itself suggests the various schemes for which a student is eligible.
- The applicant can now choose Educational Loan as per his/her requirements, eligibility and convenience.
Names of prominent banks which have integrated their system with the online portal are:
- SBI
- IDBI
- Bank of India
- Canara Bank
- Union Bank of India
- Corporation Bank
- Dena Bank
- Punjab National Bank
- Punjab and Sindh Bank
- Oriental Bank of Commerce
- Central Bank of India
- Kotak Mahindra Bank
- Vijaya Bank
- Punjab and Sind Bank
- Bank of Baroda
- Andhra Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- Axis Bank
- UCO Bank
- Indian Bank
- Bank of Maharashtra
- Indian Overseas Bank
- RBL Bank
- Syndicate Bank
- Abhyudaya Co-operative Bank Limited
- DNS bank
- Karur Vysya Bank
- Tamilnad Mercantile Bank Ltd
