Education loan interest rates are determined by the bank and are based on the Marginal Cost of Funds-based Lending Rate (MCLR) or the Repo rate. It is crucial for students to pay close attention to the interest rate charged by Punjab National Bank (PNB) for education loans, as this will affect the future EMI repayment … Read more

The State Bank of India is one of the top government banks in India, offering student loans. The best thing about SBI education loans is that there are multiple categories of study loans that applicants can choose from depending on their needs. For example, the SBI Scholar Loan is specifically for those students who are … Read more

The Assam Abhinandan Education Loan Subsidy Scheme is a flagship initiative by the Government of Assam designed to provide financial relief to students pursuing higher education. This scheme offers a one-time subsidy of ₹50,000 on education loans, helping students and their families manage the burden of repayment.  Launched on September 5, 2024, by Chief Minister … Read more

Higher education is a crucial stepping stone to a successful career, but the rising cost of tuition and other expenses can be a significant financial burden. To bridge this gap, ICICI Bank offers education loans designed to help students pursue their academic dreams in India and abroad. With flexible repayment options, competitive interest rates and … Read more

Getting an education loan sounds simple right? Apply, get approved and start your journey abroad. But in reality, the process is more complicated than it seems. Many students find themselves caught in a maze of strict eligibility criteria, collateral requirements and skyrocketing interest rates that can make loan procedure very complicated. For some, the challenge … Read more

The PM-Vidyalaxmi Scheme is a groundbreaking initiative approved by the Union Cabinet under the leadership of Prime Minister Narendra Modi. Designed to support meritorious students, the scheme ensures that financial constraints do not hinder access to higher education. This initiative aligns with the National Education Policy (NEP) 2020, which emphasizes financial assistance for students pursuing … Read more

Imagine Prakash, a professional software developer born & brought up in a small town in Uttar Pradesh, recently joined an MNC in Bangalore. He completed his BTech with the help of a student loan, and now that he has a job, his EMIs have started. Having spent his life in a small town, his dreams … Read more

Education is an important asset for any student aspiring to achieve success in life. However, financial constraints at home often make it challenging for them to pursue their dreams. To eliminate this gap, the Vidyalakshmi portal serves as a one-stop solution by providing them the required financial assistance.  If you are planning to study in … Read more

Soumya, a bright and ambitious student from India, had always dreamed of pursuing her Master’s degree in the United States. Luckily, she managed to secure admission to a renowned university with a partial scholarship, but the remaining educational expenses were beyond her family’s financial limits. Soumya didn’t want to give up on her dreams, so … Read more

Education loans help bridge the gap between educational aspirations and financial limitations. They are especially beneficial for meritorious students who cannot afford higher education. However, the process of filling out the education loan application form can be complex, and students often have many doubts about it. They may not understand how to fill out the … Read more