HOW MUCH EDUCATION LOAN CAN I GET

How Much Education Loan Can I Get

How Much Education Loan Can I Get

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Vidya Lakshmi Portal: What is the maximum amount for an education loan application?

Introduction

How Much Education Loan Can I Get? The Vidya Lakshmi Portal, which was introduced by the Indian government, is a one-stop shop that links students with several banks to apply for College loans.It simplifies the process of comparing, applying, & tracking student loans from both public & private banks through a single digital window.

But a common question among students is: How much education loan can you apply for through the Vidya Lakshmi Portal? The answer depends on several factors, including the course, institution, loan type, & the bank you choose.

Understanding Vidya Lakshmi Portal



  • Official site:

  • Developed by NSDL e-Gov in collaboration with the Department of Financial Services, Ministry of Education, and Indian Banks' Association (IBA)

  • Links you to over 40+ banks, including SBI, PNB, Canara Bank, Bank of Baroda, HDFC Credila, etc.


Loan Limits via Vidya Lakshmi Portal

























Type of Education Typical Loan Limit (Unsecured) Loan Limit (With Collateral)
Undergraduate (India) Up to ₹7.5 lakh ₹10 – ₹20 lakh+
Postgraduate (India) ₹7.5 lakh – ₹10 lakh ₹20 lakh+
Abroad (UG/PG) ₹15 – ₹20 lakh (unsecured with top banks) ₹40 lakh – ₹1.5 crore (with collateral)

Note: The student's course, the institution's ranking, the income of the co-applicant, and any applicable collateral all affect loan approvals.

Factors Affecting Loan Amount, 

  1. Duration and Course: Higher loan eligibility is associated with high-value programs such as engineering, MBA, MBBS, MS, and others.

  2. Collateral Offered: Property, FD, or other security is frequently needed for loans beyond ₹7.5 lakh.

  3. Profile of the Student and Co-Applicant: The guardian's creditworthiness and academic background are important factors.

  4. Bank Policies: The portal's partner banks each have their maximum limit and requirements.


Benefits of Using Vidya Lakshmi to Apply

  • Use a single Common Education Loan Application Form (CELAF) to submit applications to several banks.

  • Clear monitoring of loan status without the need for in-person bank visits

  • comprises Central Sector Interest Subsidy Scheme (CSIS) loans.


How to Increase the Amount of Your Loan

  • Select reputable establishments (internationally ranked foreign universities, IITs, and IIMs).

  • Make sure the co-applicant has a high credit score and a consistent source of income.

  • To increase your loan eligibility, add collateral.

  • Apply as soon as possible for admission.

  • Maintain offer letters and academic records on hand for validation. n


Conclusion

How Much Education Loan Can I Get in 2025? Students in India and beyond who are looking for College loans continue to find the Vidya Lakshmi Portal to be a useful resource. Depending on the student's profile and academic path, most banks provide up to ₹7.5 lakh without collateral and ₹20 lakh to ₹1.5 crore with collateral, while the platform itself does not specify a set maximum cap.

Whether you're studying for an MS in the US or a B.Tech in India, the Vidya Lakshmi platform helps you find suitable lenders and expedites the procedure.

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