Major Highlights Maximum Loan Amount: Up to 1.5 Crore Interest Rate: 8.5% to 14% Major Banks: SBI, PNB, BOB, HDFC Bank, etc. Repayment Periods: Up to 15 years
Eligibility Criteria - Overall academic performance must be outstanding. - Provide collateral for loans above 7.5 lakh - Confirmed admission in the university. - Age between 18 and 35 years. - Have a co-applicant with a stable source of income.
Interest Rates of Lenders - SBI Global Ed-vantage: 11.15% - Punjab National Bank: 9.25% to 11.25% - ICICI Bank: 9.5% to 14.25% - HDFC Credila: 10.5% to 14% - Avanse Financial Services: 14% to 16.5%
How to apply? - Register on the Vidya Lakshmi portal - Choose the lender and fill out the application form - Upload the required documents - Submit the form - Wait for the bank to verify the details