Vidya Lakshmi
Vidya lakshmi
Education Loan - Vidya Lakshmi Yojana
- SBI.
- Interest Rates @9.10%
- Lowest EMI Per Lakh ₹ 1,272 for 10 Years.
- 3.5/5.0.
What is the maximum amount of education loan?
There is no restriction on maximum amount of loan that can be sanctioned under the education loan scheme. For NRI students Maximum quantum Rs. 20 Lakhs & Rs. 30 Lakhs for premium institutes.
Which loan is best for education?
| Name of Bank | Interest Rate (p.a.) | Processing Fees |
|---|---|---|
| SBI | 7.50% onwards | Up to Rs.10,000 |
| Axis Bank | 13.70% to 15.20% | At the discretion of the bank |
| Bank of Baroda | 7.95% onwards | 1% of loan amount up to Rs.10,000 |
| HDFC Bank | 9.55% to 13.25% | Up to 1% of loan amount + tax |
Which bank has lowest interest rate on education loan?
Abroad Education Loan Interest Rate in 2022
- State Bank of India. Starts @ 9.05 % p.a.
- Bank of Baroda. Starts @ 9.7% p.a.
- Axis. Starts @ 10.5% p.a.
- ICICI. Starts @ 10.5% p.a.
- HDFC Credila. Starts @ 9.75% p.a.
- Avanse. Starts @ 11.0% p.a.
- InCred. Starts @ 11.5% p.a.
Who is eligible for Vidya Lakshmi loan?
Regular diploma and degree courses such as shipping, pilot training, engineering, etc. Regular degree and diploma courses from IIM, IIT, and other autonomous institutions. Central or State Government-approved nursing courses, teacher training courses, etc.
Who is eligible for Vidya Lakshmi education loan?
The annual incomes of the parents should be less than Rs. 4/5 lakhs per annum. Students enrolled in technical or professional courses only from National Assessment and Accreditation Council (NAAC) or technical/professional programmes accredited by Central Funded Technical Institutions (CFTIs) can avail education loans.
Is education loan free of interest?
The interest rates will be floating for entire period of loan. Education Loan Portalmean rate of interest 8.67%.
How do I repay my education loan?
Repayment of education loan is not a big process as such. You just need to get in touch with your bank manager who will take note of your account details and start the repayment on an auto deduction mode. You can also check out the various education loan repayment schemes available in India.
Can I get education loan without parents?
Students pursuing full-time courses need to have a co-applicant who can be either parent/guardian or spouse/parent-in-law (in case of married candidates). The co-applicant must have a regular income source. A strong academic record facilitates speedy loan approval.
Which bank gives study loan easily?
Axis Bank brings you Education Loans for studies both in India and abroad starting from Rs. 50,000 at attractive interest rates. With an Axis Bank Education Loan you can enjoy a host of benefits such as simple documentation, quick loan disbursal, tax benefit u/s 80(E), long repayment tenure, etc.
Which bank gives fastest education loan?
Bank of Baroda offers various education loans at attractive interest rates with repayment tenure of up to 15 years. No collateral needs to be provided for education loans of up to Rs. 40.00 lakh for the identified premier institutes.
How much interest is on a student loan?
Federal student loans for undergraduates currently have an interest rate of 4.99 percent for the 2022-23 school year, while graduate students have interest rates of 6.54 percent or 7.54 percent for unsubsidized loans or PLUS loans, respectively.
Where is the cheapest education loan in India?
At 6.95 percent, Central Bank of India's interest rate is currently the lowest, as per Bankbazaar's data. The equated monthly installment for a Rs 20-lakh loan with seven-year tenure will amount to Rs 30,136.
Can we pay education loan while studying?
They are as follows: Students Have To Pay Zero Interest During The Moratorium. Students Have To Pay Partial Interest During The Moratorium. Students Have To Pay Full Interest During The Moratorium.
How can I pay my education loan without interest in India?
No, it is not possible to get an education loan at zero rate of interest from the bank. However, you can apply for various scholarships or check for government subsidies to get an interest-free education loan.
Which bank provides Vidya Lakshmi?
Govt launches portal for students seeking education loans The government on Thursday said it has a launched a website, vidyalakshmi.co.in, for students seeking educational loans and five banks including SBI, IDBI Bank and Bank of India have integrated their system with the portal.
What are the documents needed for Vidya Lakshmi loan?
Vidya Lakshmi - Education Loan
- Mark sheet of last qualifying examination;
- Proof of admission (should compulsorily consist the name of institution and course)
- Proof of income / assets (if any)
- Photos to be provided for Student / Parent / Guarantor, whose income details have been provided.
How long does it take to get a loan from Vidya Lakshmi?
What is the loan processing time taken by the banks listed on the Vidyalakshmi portal? After submitting the duly filled application form along with the relevant documents, it generally takes around 15 days for banks to process and approve the loan application.
What is the interest rate of Vidya Lakshmi education loan?
| Abhyudaya Co-Operative Bank | Karnataka Bank | Central Bank of India |
|---|---|---|
| Andhra Bank | Corporation Bank | DNS Bank |
Is Vidya Lakshmi good for education loan?
I had applied for an education loan. Within a week it got approved. Vidya Lakshmi is the best option.
Post a Comment for "Vidya Lakshmi"