Indian bank education loan application form download

Helping young Indians dream bigger by making educational loans more accessible

What is Vidyalakshmi?

VidyaLakshmi is a first of its kind portal for students seeking education Loan. It has been developed by Protean under the guidance of Department of Financial Services (Ministry of Finance), Department of Higher Education (Ministry of Education) and Indian Banks Association (IBA). Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal.

Empowering the leaders of tomorrow

Protean (earlier NSDL) has always been a trusted partner for implementation of NPS in Railways. The efforts taken by your team along with railway officials in conducting meetings/training sessions for resolution of issues as the ground level have helped immensely in streamlining the processes in implementing NPS in Indian Railways

The Server Integration Project has considerably reduced manual work and we look forward to integrating all facilities/modules of NPS such that a “hands free” NPS operating process is established with monitoring being the core activity of our officials.

Protean eGov Technologies Ltd. (Formerly NSDL e-Governance Infrastructure Ltd.), has been our steady partner in all aspects of NPS. I recollect our initial meetings and how with continuous support from their officials, we managed to improve NPS penetration.

The portal has been designed to make it simple and easy for aspiring students to move forward with their aspirations. The portal provides:

• Information about educational loan schemes of banks
• Common Educational Loan Application Form for students
• Apply to multiple banks for educational loans
• Facility for banks to download student loan applications
• Facility for banks to upload loan processing status
• Facility for students to email grievances/queries relating to educational loans to banks
• Linkage to National Scholarship Portal for information and application for government scholarships
• Path to avail subsidy related education loan scheme, through www.jansamarth.in

Our aim is to ensure that no aspiring student misses out on higher education for lack of funds

• By providing a single-window access to search for government scholarships and loans available from banks
• A single destination to view, apply and track the education loan applications to banks
• In our quest to promote sustainable development through various innovative technology solutions, one of our areas of focus has been to bring about inclusivity in education

Simplifying your educational journey

• The platform provides a common education loan application form for students and also facilitates access to banks to process applications made by students for education loans
• Through VidyaLakshmi, students can also track their application status and also communicate online with banks. The system also allows monitoring and analysis of the portal by various stakeholders including Central Government

Enabling education for all

• Improving accessibility to education and skill financing through creation of efficient digital marketplaces
• Enabling discovery of financial resources
• Since the launch of the portal on August 15, 2015, the facility of online submission of education loan applications is available in respect of 40 banks which have registered 76 educational loan schemes on the VidyaLakshmi portal and more than 3.2 million students have registered on the portal, as of December 31, 2022
• The portal facilitates tracking the loan right from application to sanction or otherwise
• The portal provides information on educational loan schemes of various banks, application process, helps download loan applications and offers loan processing status, offers linkage to the national scholarship portal for information and application for government scholarships, and has a facility to email grievances/queries

Our Impact

Reimagining the future of technology

By Dharmesh Parekh, CIO & Executive VP, Protean eGov Technologies Ltd.

Creating a sustainable digital public infrastructure

By Suresh Sethi, Managing Director & CEO, Protean eGov Technologies Ltd.

Frequently asked questions

What are the features of VidyaLakshmi Portal?

• VidyaLakshmi Portal provides single window for Students to access information and make application for Educational Loans provided by Banks and Govt Scholarships. It has the following features:
• i. Information about Educational Loan Schemes of Banks
• ii. Common Educational Loan Application Form for Students
• iii. Apply to multiple Banks for Educational Loans
• iv. Facility for Banks to download Students Loan Applications
• v. Facility for Banks to upload loan processing status
• vi. Facility for Students to email grievances/queries relating to Educational Loans to Banks
• vii. Linkage to National Scholarship Portal for information and application for Govt Scholarships

What is Common Educational Loan Application Form (CELAF)?

The Common Educational Loan Application Form is the single form which students can fill to apply for Educational Loan to multiple banks / schemes. CELAF is the application form prescribed by Indian Banks Association (IBA) and accepted by all banks. This form is provided on VidyaLakshmi portal to apply for Educational loan.

What if I forget password of my Login ID?

You can click on Forgot password option provided on the Login page of Vidya Lakshmi portal and you will be asked to provide your registered e-mail address. Vidya Lakshmi portal will send a system generated password through an e-mail.

Why is my loan application rejected?

You may not be eligible as per the norms laid down by the selected banks. Please contact the selected banks for more details.

How is the money/educational loan disbursed?

Approved Educational Loan of an applicant will be disbursed directly by the bank outside the Vidya Lakshmi Portal. To know more, contact the bank you have selected.