SA_Scholarships & Loans

Usually government banks are considered to be the best for borrowing overseas education loans but if your credit report is good then you can try private banks also. Popular banks providing education loans to students wanting to study abroad include HDFC, State Bank of India (SBI), Axis Bank, ICICI Bank, Punjab National Bank and the Bank of Baroda to name a few. 

Generally, banks and NBFCs prefer to give loans for undergraduate and postgraduate courses. Also, the majority of banks prefer to give education loans abroad for pursuing job oriented and professional courses. Note that, if the university you are applying is reputated then you will face less issue while applying for loan.

Yes, a 12th-pass student can get a study loan from a bank or NBFC to study abroad. The only condition is fulfilling the eligibility criteria decided by the banks for offering loans. It can vary for different banks and financial institutions. We have mentioned some general eligibility below:

• Secure admission to a recognised foreign university or institution.
• Have a co-applicant.
• Meet the minimum academic requirements.
• Must have all required documents (Academic and personal).

Here is the list of required documents for the education loan application. It can vary slightly depending on the bank or lender you choose:

• Filled application form
• KYC Documents (Know Your Customer) such as ID proof, residence proof, and more
• Academic Transcripts and Mark Sheets
• Co-applicant/Guarantor Documents such as ID proof, income proof and bank statement.

Check out point wise eligibility criteria for education loans.

• You must be a citizen of India.
• Age should be between 18 and 35 years.
• Admission offer letter from university or college.

Apart from this, there may be other requirements for a student loan from a bank.

Yes, one can absolutely get a 100% education loan to study in Spain from private banks and Non-Banking Finance Companies (NBFCs). However, other banks may require students to pay some amount of the costs included in studying abroad by self-financing. 

Yes, you can easily get an education loan to study in Spain. To be eligible to aply for an education loan in Spain, the applicant must be a citizen of India and enrolled with a Spanish higher education institute. 

Well, do not worry! You can recover your password in three easy steps. However, for this, you must have your registered email id and then follow the below mentioned process:

• On the Vidya Lakshmi Portal student login page, click on "Forget Password".
• Mention your registered email id, and portal will send a system generated email to reset your password.
• Follow the instructions and change the password.