Vidya Lakshmi Portal Documents Required: Check Complete List

Vidya Lakshmi Portal Documents Required

Vidya Lakshmi is a first-of-its-kind portal developed for students who want to pursue higher education with the help of an education loan. It has an established network with more than 40 banks in India. Students can apply, track and check the education loan with their respective banks through this portal. When you apply on the Vidya Lakshmi portal for an education loan to study abroad you need to fill and submit the detailed application form and submit the necessary documents. Let’s check all the details about the documents required for the Vidya Lakshmi Portal. 

How to Register on 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. 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.
  • 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

Documents Required for Vidya Lakshmi Education Loan to Study Abroad

After successfully completing the registration process 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 documents below:

Mandatory Documents

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 below:

  1. Marksheet of last qualifying examination.
  2. Proof of Admission/University Acceptance Letter
  3. Schedule of Expenses from the University
  4. Proof of Income or assets

Optional Documents

Some documents are not mandatory but you can submit them if you have those documents with you. However, it is suggested that you should submit even the optional documents as it will increase your credibility. Check all the optional documents below:

  1. Latest salary certificate if you are in a job
  2. Form No.16 (if you are in a job)
  3. Income Tax Returns 
  4. Copy of Land records/assets
  5. Undertaking letter in the absence of PAN and Aadhar card.
  6. Passport-size photographs of the applicant/parent / Co-applicant / Guarantor

Also Read: Vidya Lakshmi Portal Education Loan

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. 


What is Vidya Lakshmi Portal?

Vidya Lakshmi is a portal developed to help students seeking an education loan. You can apply here for an education loan from partner banks. 

Am I eligible for a Vidya Lakshmi Education Loan if I don’t have a PAN card?

Yes. If you do not have a PAN card you need to submit an undertaking letter stating the reasons behind it and the expected date of submission.

Is ITR necessary to be submitted for an education loan?

Submitting ITR is good while taking a loan. However, it’s not mandatory if you are not a working professional. 

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. 

To know more about education loans, the best 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. Follow our social media handles on Twitter, LinkedIn and Instagram

About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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