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Process Required For Vidyalakshmi Loan & Education Loan

Higher Study is an expensive affair and can supposedly incur substantial financial stress on the candidate as well as on his/her family. Many opt to avail of an education loan to mitigate the financial requirement for such courses. Education loan is a feasible financial product, as it offers affordable interest rates for the applicants along with a flexible loan tenor facility. Read more at https://www.bajajfinserv.in/education-loan-on-property

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Process Required For Vidyalakshmi Loan & Education Loan

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  1. All to Know About Vidyalakshmi Loan & Education Loan

  2. About Vidyalakshmi scheme In 2015, the Government of India had launched theVidyalakshmi Scheme to support students for their educational progress. This initiative provides financial assistance to the eligible persons for their educational progress. To avail the benefits of this scheme you need to be a student, aged within 24 years. This scheme offers subsidized education loans to aid students to meet their educational expenses.

  3. The registration process is as follows: Step 1: Visit Vidhyalakshmi official website Step 2: Enter personal and educational details. Step 3: Get the Vidhyalakshmi link on the registered email ID. Step 4: Click on the provided link to be registered to the portal. Step 5: Submit all login details and opt for the most suitable loan terms. Step 6: Fill up CELAF and research for the best education loan provider. Step 7: Continue checking for your application approval.

  4. Education loan against property

  5. Pursuing higher-studies can become expensive. Many lenders offer customized loans to meet educational expenses. Among such schemes, you can consider availing an education loan against property.

  6. 5 things to know before applying for education Loan: Factor I: Check Your Credit Score Before Applying Factor II: Learn About the Rate of Interest Factor III: Estimate Your Needs & Plan Your Repayment Before Applying Factor IV: Choose a Lender After Thorough Comparison Factor V: Keep a Tab on the Tax Benefits

  7. Education loan on property or Loan against Property for Education is a secured loan offered by Bajaj Finserv. You can avail this loan by mortgaging your property to fund your child’s educational expenses in India or abroad.

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