Vidya Lakshmi Education Loans : How To Reapply In Vidyalakshmi Portal ( Vidhya Laxmi Education Loan )

Vidya Lakshmi : Introduction

Vidya lakshmi Is A Single Window Web Portal Launched By The Indian Government That Provides Information About Various Educational Loan Schemes Available For Students In India. Its Aim Is To Help Students Access Financial Assistance For Pursuing Higher Education. 

The Platform Acts As A Mediator Resource To Educate Students About The Variously Education Loan Options, Eligibility Criteria, Interest Rates, And Other Essential Details Associated With Each Scheme. By Providing This Information, Vijay Laxmi Education Loan Aims To Operate Easier Access To Educational Loans, Making It Possible For More Students To Pursue Their Academic Aspirations Without Being Distracted By Financial Matter. 

Vidya lakshmi Was Launched On August 15, 2015. The Indian Government Introduced This Web Portal To Provide Students With Information On Various Educational Loan Schemes Available To Support Their Higher Education .The Platform Has Been Helping Millions Of Students Access Financial Assistance And Make Informed Decisions About Getting Educational Loans.

This Portal Has Been Developed & Maintained  Under The Guidance Of Department Of Financial Services, (Ministry Of Finance) , Department Of Higher Education (Ministry Of Education) And Indian Banks Association (IBA). Students Can View, Compare ,Apply And Track The Education Loan Applications To Banks By Accessing The Portal. The Portal Also Linked To National Scholarship Portal, Through Which Student Can Also Apply For Various Prt Time Or Full Time Jobs.

Vidya laxmi Doesn’t Not Require Individual Registrations For Students To Access The Information On Educational Loan Schemes. It Was A Web Portal Accessible To Everyone, And Students Could EasilyVisit The Official Website Without The Need For A Specific Registration Process.

To Access The Information On Vidyalaxmi, You Can Simply Visit The Official Website Or Use The Web Portal’s Url In Your Web Browser. Once On The Website, You Should Be Able To Browse Through The Available Educational Loan Schemes, Their Details, Eligibility Criteria, And Other Relevant Information Without Creating An Account.

You Can Easily Compare The Loans And Features Offered By Various Banks.

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What are the features of Vidya Lakshmi Portal?

It Has The Following Features:

  1. Information about Educational Loan Schemes of Various Banke Associated With Vidya Laxmi Scheme.
  2. A Common Educational Loan Application Form for Students.
  3. Students Can Apply To Multiple Banks For Educational Loan At A Time.
  4. After Apply Students Can Download Students Loan Applications Form.
  5. As Student Can Apply To A Maximum Of Three Banks Through Vidya Lakshmi Portal Using CELAF.
  6. Students Can Track Loan Processing Status Vidya Lakshmi Application Status.
  7. Students Can Email Grievances/Queries/Any Doubts/Any Problems Relating To Educational Loans To Bank A.
  8. Students Can Also Apply For Govt Scholarships ThroughNational Scholarship Portal That Is Linked With This Portal.

Application Process 

The Application Process For Vidya-lakshmi Scheme Is As Follows :

  • The Applicant Must Register And Login To Vidya Lakshmi Portal By Giving Personal Details Like Name, Address, Email Id & Mobile Number .
  • Then Fill-up The Common Education Loan Application Form (CELAF) By Providing All The Necessary Details.
  • After Filling The Form, The Applicant Can Search For Various Educational Loans And Apply As Per Their Convenience, Eligibility And Needs .
  • Alternatively, The Applicant Can Also Search For Educational Loan After Login And Apply For The Suitable Educational Loan By Filling The CELAF.
  • Applicant Can Also Search For Various Govt Scholarships & Apply .

Various Banks & Their Interest Rates 

Vidyalakshmi Banks ListAllahabad BankAndhra BankBank of BarodaBank of IndiaBank of MaharashtraCanara BankCentral Bank of IndiaCorporation BankDena BankIDBI BankIndian BankIndian Overseas BankOriental Bank of CommercePunjab and Sind BankPunjab National BankState Bank of IndiaSyndicate BankUCO BankUnion Bank of IndiaUnited Bank of IndiaVijaya BankAxis Bank Ltd.Bandhan Bank Ltd.Catholic Syrian Bank Ltd.City Union Bank Ltd.Development Credit Bank Ltd.Dhanalaxmi Bank Ltd.Federal Bank Ltd.HDFC Bank Ltd.ICICI Bank Ltd.IDFC Bank LtdIndusind BankJammu and Kashmir Bank  Ltd.Karnataka Bank Ltd.Karur Vysya Bank Ltd.Kotak Mahindra BankLaxmi Vilas Bank Ltd.Nainital BankRBL BankSouth Indian Bank Ltd.Tamilnad Mercantile Bank Ltd.Yes Bank Ltd.
MCLR8.658.758.658.658.758.658.658.908.809.058.658.708.758.858.458.558.658.708.608.858.758.9010.459.909.3010.859.999.258.798.7909.209.9999.429.559.259.98.510.259.459.29.35

Faqs

How To Reapply For Loan In Vidyalakshmi Portal ?

Steps For How To Reapply In Vidyalakshmi Portal
To Edit the Loan Application Form and Reapply to the same scheme again, request all applied banks to Close/Reject your applications on Vidya Lakshmi. Once all applications gets Closed/Rejected, ‘Reapply for New Loan Scheme’ option would get enabled in Loan Application Form tab.

How many applications for Education Loan can be applied by an applicant ?

A student can apply to a maximum of 3 Banks through Vidya Lakshmi portals by using CELAF.

Why is my loan application getting rejected?

You may not be eligible as per the norms laid down by the selected banks. Or May Be You Have Entered Incorrect Information In The Application. You Can contact the selected banks for more details.

How will I know once Education Loan is approved On vidyalaxmiportal ?

The Bank will update the status of the application on vidyalaxmiportal . Students can view the status of the application on the applicant’s dashboard on the portal.

What if I forget password of my Login ID?

You can click on Forgot password option provided on the Login page of Vidya lakshmi yojana and you will be asked to provide your registered e-mail address. Vijay Laxmi Education Loan will send a system generated password through an e-mail.

How To Edit Loan Application Form In Vidyalakshmi Portal ?

To Edit the Loan Application Form and Reapply to the same scheme again, request all applied banks to Close/Reject your applications on Vidhya Laxmi.
Once all applications gets Closed/Rejected, ‘Reapply for New Loan Scheme’ option would get enabled in Loan Application Form tab.

What Is The Official Website Of Vidya Lakshmi Education Loan Portal ?

vidyalakshmi.co.in

Where Can I Find vidyalaxmi portal bank of maharashtra LOAN APPLICATION FORM?

Click Here To Download in vidyalaxmi portal bank of maharashtra LOAN APPLICATION FORM 👇

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