Vidya Lakshmi Education Loan Portal 2016-17 Scheme Apply Online

By | June 16, 2016

Vidya Lakshmi Education Loan Portal 2016-17 Scheme Apply Online. Vidya Lakshmi Education Loan online portal was initiated by the Union Government of India to cater to the students in the nation that require to take education loans for their studies. To make the task of applying and registering for a loan or applying for a national scholarship under the Government of India the web portal is one stop for all the students. This website was launched on 15th August 2015. On its launch a large number of students were gathered. This scheme is great for candidates who are looking forward to take further studies but lack funding. With the help of the website they can view the interest rates at which the banks registered with Vidya Lakshmi Education Loan Scheme are providing the loans on. This way the candidates can choose from a list of options according to their best interests.

Vidya Lakshmi Education Loan 2016-17

Applying for a education loan has never been this easy as the candidates can download the application form from the website itself. They can fill the online forms and apply to multiple banks at a single time also. From their dashboard the registered candidates can view the status of their application and also the processing status of their loan. Currently thirteen major banks of India are registered under the Vidya Lakshmi Education Loan Apply Online to provide education loans by online mode.

These registered banks for Vidya Lakshmi Education Loan 

  1. State bank of India
  2. IDBI Bank
  3. Canara Bank
  4. Union Bank
  5. Bank of India
  6. Vijaya Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Kotak Bank
  11. Oriental bank of commerce
  12. Punjab National Bank

The government of India wants to include all the banks and invites more banks to join the online scheme for providing education loans. The currently registered banks are providing 22 education loan schemes by the Vidya Lakshmi Education LoanPortal .

Using the portal the candidate can apply for the Common Educational Loan Application form (CELAF). This form entitles the applicant to apply for more than a single scheme under more than a single bank. Through this the applicants can apply to a maximum of 3 banks by a single application. On the dashboard the applicant can check whether or not he is approved for the loan. If you are not approved for an applied loan you might not be meeting the standards of eligibility set for the loan for more information you will have to visit the local branch of the bank.

Vidya Lakshmi Education Loan Apply Online

Also available on the Apply Online Vidya Lakshmi Education Loan is the National Scholarship program, which is a great solution for candidates who are looking to avail the opportunity for applying to scholarship program offered by the government of India. This was the candidate can apply from a single form to all the scholarships that are currently being offered and can check the application status for the same. Once the candidate has entered the required details the system will generate the scholarships to which the candidate is eligible to apply by testing the eligibility standards.  If you are selected for a scholarship you will be sent the money through Direct Benefit Transfer (DBT).

Procedure for the Whole Vidya Lakshmi Education Loan is give Below.

  1. Open the website
  2. Click on register and create a new log in ID and password for yourself.
  3. Once you have registered successfully log in with the password and ID and fill in the Common Educational Loan Application Form (CELAF).
  4. You can now search for the educational loan schemes that are being offered by the various banks registered with the site.