SA_Scholarships & Loans

Becoming a guarantor for a loan is a huge responsibility. As a guarantor will have a legal obligation to pay in case borrower defaults on their payment. If loan amount exceeds INR 4 lacs, then the bank may ask for a guarantee from a third party. If borrower is not able to repay loan amount irrespective of circumstances. Guarantor holds liability to repay complete amount to banks.

If you are unable to log in to the Vidya Lakshmi portal, make sure that you are using the login and password correctly. If you forget, then reset it.

Second option is to make sure internet connection is stable or working. If problem persists, try reconnecting.

If both don't work, connect on toll free number of the portal. You will get customer support for technical assistance.

Both terms refer to same online platform for applying for education loans in India. “Vidyalaxmi Portal” and “Vidyalakshmi Portal” are simply spelling variations of same thing.

Official portal introduced by the government is called “Vidya Lakshmi Portal, ” and it helps Indian students to apply for multiple education loan schemes offered by different banks through one application form.

To apply for an Avanse Education Loan, you'll need:

• KYC documents (ID & address proof)
• Academic records (marksheets, certificates)
• Admission letter from the institute (India or abroad)
• Course fee structure
• Co-borrower's financial documents (ITR, salary slips, bank statements)
• Collateral papers (only for secured loans)

Collateral or security is not always required for an Avanse Education Loan. The lender offers both secured loans (with collateral like property) and unsecured loans (without collateral). It totally depends on the student's profile, repayment capacity, and loan amount applied for.

Only a few scholars enrolled on a PhD in third countries, who are selected by the Euroculture Erasmus Mundus Consortium, are eligible to contribute to this joint programme. Therefore, requests generated only through the officially established channels are considered, and no unsolicited requests for the same are encouraged or accepted.