Education Loan

General Norms:

• The maximum loan amount can be up to ₹15 Lakhs.
• No guarantee or collateral security is required for loans up to ₹5 Lakhs.
• Repayment starts after 1 year of course completion or 6 months of employment (whichever is earlier).
• Tax rebate available on interest under Section 80-E of the Income Tax Act 1961.
• Loan can be disbursed in full or in suitable installments directly to the institute.

Procedure:

1. Contact any Public or Private Sector Bank
2. Register on www.vidyalakshmi.co.in
3. Bank will issue Demand Draft in favor of the Institute (Semester/Year wise)

Documents Required:

• Mark sheets / Passing Certificates of SSC, HSC, Degree
• Proof of Income (Parent’s Income Certificate)
• Photos of Student & Parents
• Bank Statement of past 6 months
• KYC Documents
• Admission Letter of the Institute with fee schedule