Vidya Lakshmi Portal provides a single window for students to access information and make application for Educational Loans provided by Banks. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.
This portal has been developed under the guidance of
- Department of Financial Services (Ministry of Finance)
- Department of Higher Education (Ministry of Human Resource Developmen
- Indian Banks Association (IBA)
- Information about Educational Loan Schemes of Banks
- Common Educational Loan Application Form for Students
- Apply to multiple Banks for Educational Loans
- Facility for Banks to download Students Loan Applications
- Facility for Banks to upload loan processing status
- Facility for Students to email grievances/queries relating to Educational Loans to Banks
- Linkage to National Scholarship Portal for information and application for Govt Scholarships
How to apply for Educational loan through Vidya Lakshmi ?
- The applicant must and login to Vidya Lakshmi portal and 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 Educational Loan and APPLY as per his/her needs, eligibility and convenience.
- Alternatively, the applicant can also search for Educational Loan after login and apply for the suitable Educational Loan by filling the CELAF.
What is Common Educational Loan Application Form (CELAF) ?
The Common Educational Loan Application Form is the single form which students can fill to apply for Educational Loan to multiple banks / schemes. CELAF is the application form prescribed by Indian Banks Association (IBA) and accepted by all banks. This form is provided on Vidya Lakshmi portal to apply for Educational loan.
How many applications for Educational Loan can be submitted by a student?
A student can apply to a maximum of three Banks through Vidya Lakshmi portal using CELAF.
How will an applicant know the status of his/her application?
The Bank will update the status of the application on Vidya Lakshmi portal. Students can view the status of the application on the applicant's dashboard on the portal.
How is the money/educational loan disbursed?
Approved Educational Loan of an applicant will be disbursed directly by the bank outside the Vidya Lakshmi Portal. To know more, contact the bank you have selected.
Which are the banks one can apply for Educational loan through Vidya Lakshmi portal?
- State Bank of India
- IDBI bank
- Canara bank
- Union Bank of India
- Bank of India
- Central Bank
- Corporation Bank
- Dena Bank
- Kotak Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab and Sind Bank
- Vijaya Bank
- United Bank of India
- HDFC
- Allahabad Bank
- Andhra Bank
- State Bank of Patiala
- Bank of Maharashtra
- Syndicate Bank
- Indian Bank
- State Bank of Travancore
- Bank of Baroda
- Bharatiya Mahila Bank
- UCO Bank
- ICICI Bank
- State Bank of Bikaner and Jaipur
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