Vidyalakshmi Portal Login 2023-24, and Registration| Education Loan Scheme

Vidyalakshmi Portal Login 2023-24, and Registration| Education Loan Scheme| Vidyalakshmi Portal Registration Status|

Dear Friends today I am going to discuss a New Scheme for education loans. Here we will tell you how to fill out online application forms and how to apply for Vidyalakshmi Portal Registration for the education loan scheme. For that applications are invited through the official portal of this scheme. With this scheme, students who wanted to study higher studies but don’t pay for fees and other expenses will get an education loan facility for higher studies in several recognized colleges and universities in India.

As we know that this scheme was launched by the finance ministry of the Indin Government and the students who need money, can make online registration and fill out the registration form for education loan application at the Vidhya Lakshmi portal.

Vidyalakshmi Portal Login 2023-24, and Registration| Education Loan Scheme

For that candidates need to make students log in and list of banks and all the required documents. Vidya Lakshmi Education loan scheme on a web portal is a Central education Loan portal to provide students loans for their studies. This is a medium that helps students to apply for student loans online through a dedicated website from home.

Through Vidya Lakshmi scheme it provides a common medium that allows students to apply for multiple banks with a single Vidya Lakshmi common education loan application Form (CELAF) and also helps students in managing their Education Loan and updates of Status on the Vidyalakshmi Portal and also keeps the information of applicant or student and their parents and government ensure the safety of their personal data. when someone applies for a loan through this scheme then no need to visit a bank whether offline or online.

Vidyalakshmi Portal Registration

Under this education loan scheme, students from all over the country who wanted to apply for a loan will be able to get an education loan from many private as well as public sector banks in India. Students just need to fill out the online application form for education loans through the Vidhya Lakshmi portal. This portal is the property of the Indian Government as it is been developed under the supervision of the Ministry of Finance & Ministry of Human Resource Development along with the Indian Banks Association.

Vidyalakshmi Portal Registration Education Loan Benefits

On this website portal, students will get all details step by step and category-wise of various loan schemes and other benefits provided by the government for pursuing higher education from any Indian college or university.

  • Information about Educational Loan Schemes of Banks is on one portal.
  • Students can apply to multiple banks for Educational Loans on the same application.
  • It provides the facility for Banks to have students’ Loan Applications in their database.
  • At the same time, the portal facilitates the Banks to upload loan processing status on this portal.
  • This system also facilitates Students to email queries and recent updates related to Educational Loans to their respected Banks.
  • There are links available to National Scholarship Portal for information and application for the Government Scholarship program.
  • Vidya Lakshmi loan scheme is a portal that provides solutions for students looking for study loans and how to access them.
  • Students apply for Education Loans on Vidyalakshmi Website and also compare student loan services available on the web and apply for education loans, what are interest subsidy rates you can also improve your student loan scheme that you have thought.
  • The government of India has started this portal for students who are seeking education loans for higher studies and this is the only portal that has all these qualities and fulfills the finical needs of students. Now the student can register themselves on the official website and how to do that, the procedure is given below.

Vidyalakshmi Portal Login and Registration Education Loan Scheme 2023

These are the steps given below to fill Vidya Lakshmi portal application form-

  • First of all, need to visit the official website at
  • Now there are two options for going forward one is If someone already has an account on the portal.
  • Then just log in to the application and start filling out the application form. Or click on the Register link to fill in all the details in the registration/sign-up form.
  •  Click on the terms and conditions link to read all the T&Cs and accept it to continue by clicking the checkbox and then clicking the “Submit” button at bottom of the form.
  • Once registration is done, then the student will get a link on their email – id. Now further procedure will continue further by using that link, a candidate can log in using his/her email and password on the portal.

Information given below of Portal in a screenshot and all the options on the portal given:-

Vidyalakshmi Portal

Now the students have to click on Loan Application Form or can click on “Search for loan scheme” if already has knowledge of the scheme he is looking for.

Search for Loan

After that, a new tab will open.

On this new tab, the student can search all details of the loan scheme by filling in the details as shown in the screenshot.

Now there is a link to “Loan Application Form” click on that, and an application form will appear on the screen where the student needs to fill in all the required details on the specified fields.

Loan Application Form

Now After filling in the details on the specified fields click on the “Submit” button but please check once again for any mistakes before submitting the form.

Application numbers will be provided to the students, After submitting the form who has applied on the application.

Vidyalakshmi Application Status

Students can check the status of the application by clicking on the “Application Status” link in the user login dashboard that reference number can later be used to check the status.

Vidyalakshmi Education Loan Bank List

Indian Banking Association and this is called Marginal cost of Credit-based Lending Rates, All Indian Banks will provide education loans on the basis of standard rates as set by the Reserve Bank of India for this scheme. All the Student Loan interest rates known as ROI is based on a percentage addition to these basic amount rates.

Approximately all banks provide and offer a range of 2% to 6% higher than their designated MCLR. This MCLR provides a system that allows students to analyze their own expected interest rates of loans for various banks available under this scheme.                                   

Sr. No.

Bank Name


Allahabad bank


Andra Bank


Bank of Baroda


Bank of India


Bank Of Maharastra


Bharatiya Mahila Bank


Canara Bank


Central Bank


central Bank of India


Dena Bank




Indian Bank


Oriental Bank of Commerce


Punjab & Sind Bank


Punjab National Bank


State Bank of Bikaner & Jaipur


State Bank of Hyderabad


State Bank of India


State bank of Mysore


State Bank of Travancore


Syndicate Bank


UCO Bank


Union Bank of India


United Bank of India


Vijaya Bank


Axis Bank Ltd






Kotak Mahindra Bank

So friends if there is any question or suggestion related to this scheme and if wanted to know how to apply for a specific type of loan then write us in the comment box so we can provide you with that information till then stay connected with us.

Thank You.

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