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Education Loan

Education Loan

The institute assists students avail education loan from leading lenders, including nationalized banks, private banks, multi-national banks and NBFCs (non-banking financial companies). The education loan is offered on the basis of the academic performance of the student, who is the applicant for the loan, and the credit history of the co-applicant, who is a parent or guardian of the student.

Education loan application process:

Application for an education loan can be made online or offline.


The student/applicant can visit the nearest branch of a bank to obtain the application form. The application form is to be submitted along with all the documents specified by the bank.


The student/applicant can apply online for a loan from a nationalized bank through the Vidya Lakshmi portal at The student/applicant should visit the web site and follow the steps.

Vidya Lakshmi is a portal that is the first of its kind to help students seeking education loans from nationalized banks. The portal has been developed under the guidance of the Department of Financial Services of the Ministry of Finance and the Department of Higher Education of the Ministry of Education of the Government of India, along with the Indian Banks Association (IBA). The portal has been developed and is maintained by NSDL e-Governance Infrastructure Limited. Students can view, apply and track their loan applications to a bank any time and from anywhere by accessing the portal.

Details of the education loan MoUs are available here.