Education and Career Forum

Dear Sir/Madam, can anyone of you please let me know that in the new scheme of Laxmi Vilas Bank which is Vidya Laxmi Loan Scheme, there is any kind of margin also? I have searched alot but couldn’t get the answer. Please help me to know asap.

Yes, you can get margin under Laxmi Vilas Bank education loan scheme, which is as follows.

- For studies in India : up to a minimum of 5%
- For studies abroad : up to a minimum of 15%

It will be offered on year-on-year basis and scholarship/assistantship will be included in the margin.

Margin available under Laxmi Vilas Bank Vidya Laxmi Loan Scheme are as follows.

For loans up to Rs. 4.00 lacs: No margin

For loans above Rs. 4.00 lacs:-

Studies in India: Minimum of 5%.

Studies Abroad: Minimum of 15%.

Scholarship/assistantship are included in the margin.

For more details you should visit the below mentioned website link.
https://www.lvbank.com/vidhya_lakshmi_loan.aspx