Vidya Lakshmi Portal Documents Required: To apply for an education loan through the Vidya Lakshmi Portal, students must prepare and submit several important documents. These documents help the banks to verify the personal, financial, and academic details of the applicant. Ensure that all documents are current and accurately reflect your information. Let’s check all the details about the Vidya Lakshmi Portal documents required.
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Vidya Lakshmi Portal Documents Required for Education Loan to Study Abroad
Original and valid documents are one of the important aspects of successfully applying for an education loan via the Vidya Lakshmi portal. Vidya Lakshmi Portal provides a single window for Students so that they can check information on different education loan schemes provided by the participating banks.
After completing the registration process for Vidya Lakshmi Portal Education Loan you will be required to fill out the complete application form and upload the necessary documents like previous marksheets, university letters etc. Please note that all the documents will be uploaded only in jpeg, .png, .pdf, and .tiff format and the max 2 MB in size for a total size of all the documents is allowed. Check the details of all important Vidya Lakshmi Portal documents required below:
Document | Description |
---|---|
Passport-size Photos | Two recent passport-sized photographs of both the student and co-applicants. |
Government-approved Photo ID | Valid identification such as a PAN card, Aadhaar card, or Voter ID. |
Birth Certificate | Proof of the applicant’s date of birth. |
Academic Documents | 10th and 12th grade passing certificates or equivalent. |
Any additional educational qualifications (e.g., graduation certificates). | |
Letter of Admission | An official admission letter from the institution along with the detailed fee structure of the course. |
Valid Passport and Visa | For students applying to study abroad, a valid passport and study visa approval are required. |
Proof of Income | If applicable, salaried applicants must provide salary slips, IT returns, and Form-16. |
Bank Statements | Last six months’ bank statements for the applicant and co-applicant. |
KYC Documents | Know Your Customer (KYC) documents as per bank requirements. |
Schedule of Expenses | A detailed breakdown of expected expenses for the course as provided by the institution. |
Mandatory Documents Required for Vidya Lakshmi Loan
The set of documents you need to upload on Vidya Lakshmi in order to get an education loan has been divided into two categories i.e. mandatory documents and optional documents. Check the list of mandatory documents required for Vidya Lakshmi education loan below:
- Marksheet of last qualifying examination.
- Proof of Admission/University Acceptance Letter
- Schedule of Expenses from the University
- Proof of Income or assets
- Latest salary certificate if you are in a job
- Form No.16 (if you are in a job)
- Income Tax Returns
- Copy of Land records/assets
- Undertaking letter in the absence of PAN and Aadhar card.
- Passport-size photographs of the applicant/parent / Co-applicant / Guarantor
Registering with Documents on the Vidya Lakshmi Portal
To get yourself registered on the portal and apply for an education loan to study abroad follow the below-mentioned steps:
- Visit the official website of Vidya Lakshmi Portal i.e. www.vidyalakshmi.co.in
- On the home page click on ‘APPLY NOW’
- Enter basic details like Name, Contact Number, Email ID etc.
- After submitting the details you will get an email for verification.
- Click on the verification link sent on the email ID and activate your account
- Login again with your email ID and password and complete the process of application.
Also Read: Minority Education Loan to Study Abroad
Important Guidelines for Students Applying for Education Loan on Vidya Lakshmi Portal
It is very important to understand all the terms and conditions of the education loan provided by the partner bank. Also, you need to be very careful while applying for a loan on the portal ensuring zero mistakes. Check some of the basic guidelines that you need to follow:
- Keep a regular check on your Vidya Lakshmi portal dashboard and your email inbox so that you can get regular updates regarding your application
- Always check loan details and eligibility criteria properly before applying for an education loan
- You are supposed to respond to the bank’s query within 15 days if the loan amount does not exceed INR 7.5 lakhs and 30 days if the amount exceeds the earlier.
Vidya Lakshmi portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), the Department of Higher Education (Ministry of Education) and the Indian Banks Association (IBA). It is available for all students seeking an education loan to pursue higher education. Whenever you apply for an education loan on this portal make sure that you have all important documents handy.
FAQs
You need your last qualifying examination mark sheet, proof of admission, schedule of expenses, and proof of income/assets.
Submitting ITR is good while taking a loan. However, it’s not mandatory if you are not a working professional.
Yes, essential documents include academic certificates, admission letters, and financial proofs as specified by the bank.
For studying abroad, you need a valid passport, study visa approval, and additional documentation from the institution.
If you don’t have a PAN card, an undertaking letter explaining the situation and expected submission date is acceptable.
While submitting ITR is beneficial, it is not mandatory if you are not a working professional.
A letter of admission from the university along with the detailed fee structure is required as part of the application.
Yes, you must provide marksheets from your last qualifying examination (10th and 12th grade or equivalent).
Government-approved photo ID such as PAN card or Aadhaar card is necessary for KYC verification.
You will need two passport-size photographs of both the student and co-applicants.
Yes, a birth certificate or equivalent proof of age is typically required as part of the documentation process.
To know more about education loans, the best international bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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