SA_Scholarships & Loans

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.

Fixed rate of interest remains same for your entire education loan's tenure. Floating rates of loans can change over time, depending on market conditions and repo rate. RBI decides repo rate. It is suggested to choose fixed ROI, if you want stability, and floating ROI if you can handle fluctuations.

Yes, you can get it easily. Many Indian banks and NBFCs offer education loan without collateral for MBBS studies, especially for reputed universities.

The maximum collateral-free limit is not same for every lender. It generally falls between INR 7.5 Lacs to INR 75 lakh, depending on the lender and your eligibility.

The student loan ammount depends on various factors such as student's academic profile, university reputation, collateral value and credit score of co-applicant. If everything goes right, you can get up to 3 Cr for covering the cost of study. 

Banks offer upto INR 7.5 Lacs without collateral to study in India or abroad.

Education loans for MBA abroad typically cover tuition and admission fees. This includes cost of books, study materials, travel expenses like airfare, and living costs such as boarding and lodging. Bank may cover health insurance premiums. It depends on lenders.