This 27th episode will give you complete information on using the Vidyalakshmi Portal to apply for an education loan. If you need abroad education loan assistance, you can request a call back @ The Vidyalakshmi portal for education loan application is an initiative that was started under the Pradhan Mantri Vidyalakshmi Karyakram for the benefit of students seeking education loans to fund their studies.
Once you speak with the WeMakeScholars Financial officer, you will get assistance until the loan sanction. All the services offered by WeMakeScholars are free of cost as this initiative is supported by the IT Ministry, Govt. of India.
The Vidyalakshmi Portal is basically an online portal that lists about 96 different education loan schemes from 36 different banks. It enables students to go through the various education loan schemes from different banks and select the one which suits their financial requirements.
You will find information related to a wide variety of topics like why the Vidyalakshmi portal was created, how students can apply through the Vidyalakshmi portal for education loans, How to fill an application form through the Vidyalakshmi portal, etc. It will also tell you about the pros and cons of applying for student loans through the Vidyalakshmi Portal for education loans.
The following points are covered in this 27th episode:
- What is the Vidyalakshmi education loan portal?
- Why was the initiative for this online education loan portal started?
- What are the do’s and don’ts of filling the Vidyalakshmi portal form?
- How to create an education loan application form on the Vidyalakshmi portal?
Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan. The titles of our previous episodes in this series and their links are as follows:
#1. Introduction to study abroad education loan -
#2. Secured education loans -
#3. Abroad Education Loan without collateral -
#4. Documents for Education loan -
#5. SBI education loan for abroad studies -
#6. SBI Education Loan- Documents, Process & Timeline -
#7. Bank of Baroda Education Loan for abroad studies -
#8. Education loans from Government Banks, Issues and solutions -
#9. Unsecured education loan from NBFCs - An overview -
#10. International student loan: Prodigy finance student loan & MPower finance (Part 1) -
# 10. International student loan: Prodigy finance foreign education loan & MPower finance (Part 2) -
#11. Education loan for abroad: Public banks Vs. Private Banks/NBFCs -
#12. Education loan interest rate: Simple or Compound? -
Other episodes up to 26th one can be found in the Loanflix playlist @
The process of applying for an education loan through the Vidyalakshmi portal may seem like an easy task. However, it is always the small things that matter in any big process. Small details like creating a Vidyalakshmi portal student login profile, Cross-checking small details on the Vidyalakshmi portal form etc. matter a lot. Hope this video helps you in understanding these small but relevant details.
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Script editor- Arjun R Krishna
Shot, Edited & Directed by Sreeman Reddy
About the Presenter - Damini Mahajan is a visionary entrepreneur and co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned as "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of Silicon Valley Challenge by Action for India 2016 and was in Top 75 start-ups in the Power of ideas by Economic Times at IIM Ahmedabad.
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