Single-window portal to apply to multiple banks for education loans
Register on vidyalakshmi.co.in with your details.
Fill a Common Education Loan Application Form (CELAF) and submit it to multiple banks simultaneously.
Track offers and follow up with the selected bank for disbursal.
You can also apply directly at a bank branch instead of, or alongside, the portal.
Varies by bank; typically a few weeks once all documents are submitted.
Track application status by logging in on vidyalakshmi.co.in.
Download your CELAF application and any offer letters from the portal.
Update details by logging in before final submission to a bank; post-submission changes go through the bank directly.
Not applicable — loans are disbursed per academic term/year as per the sanctioned schedule.
Not always — many banks offer collateral-free loans up to a certain amount (often under government-backed credit guarantee schemes), but this depends on the loan amount and bank policy.