Education loan Availing

Education loan can be claimed by Vidhyalakshmi Website which seves as a portal to register a loan at any desired public/private sector banks

"Click here for Loan"

Before that let us Know about it in detail!


Nationalised public sector Banks provide comparatively less rate of interest than Private sector banks like HDFC.

Best Public Sector Banks

SBI provides a floating rate of interest(ROI) of 8.30 to 11.50%

Punjab National Bank provides a floating ROI of 8.55 - 11.25% well suggested by experts.


Loan and Eligibility

The students who have successfully passed the 10th and 12th school exams have the eligibility to apply loan for any undergraduate degrees. For engineering candidates, who have recieved a seat through counselling is provided with a maximum ammount of 7.5 lakhs without any security requirement.

The students can receive this amount (<7.5L) for the four years of the college and one year moratorium period, during this period the students are meant to search their respective jobs and loan or interest amount will not be asked from the student during this period.

After 5 years(4year degree + moratorium period) the students must settle the total principal amount (loan + interest) within a time period of maximum 15 years.

For girl students the rate of interest will be reduced by 0.5% every year.

Required documents for Vidyalakshmi loan

  1. Aadhar card
  2. Admission letter of respective college
  3. Fees receipt
  4. 10th and 12th Marksheet
  5. Community certificate
  6. PAN card of the student.

"Click here" for vidyalakshmi loan registration demo video.