Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Education coveredRegular degree or diploma courses conducted by one of 860 quality higher-education institutes in India; parents or guardians join as co-borrowers.View source
The page states 860 quality higher-education institutes and regular degree/diploma courses.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Eligibility / Courses Covered
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeThe page does not publish one universal maximum loan amount; finance is for the documented cost of the approved course and expenses.View source
The reviewed page lists expense categories and institute eligibility but no single maximum amount.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Expenses Covered
- Accessed
- 30 Aug 2026
- Confidence
- high
Interest rateStarting from 7.00% p.a. under the PM-Vidyalaxmi page; current rate sheet also publishes Star Vidyalaxmi categories: Category A 6.85%, Category B 7.50% and Category C 8.40% p.a., subject to category terms.View source
The page states starting from 7.00%; the current rate sheet provides Star Vidyalaxmi category rates.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Rate of interest
- Accessed
- 30 Aug 2026
- Confidence
- high
Repayment periodMoratorium up to the course period plus 1 year; repayment up to 15 years from commencement of repayment.View source
The page publishes course-plus-one-year moratorium and 15-year repayment period.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Repayment Period
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNil processing charge. VLP portal and third-party charges may apply where stated by the scheme.View source
The advantages and charges sections state nil processing charges.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Advantages / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Margin and securityLoan up to ₹4 lakh has nil margin; above ₹4 lakh, margin is 5%. No collateral security is required; parents/
The page publishes nil/5% margin and no-collateral security terms.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Margin / Security
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilityIndian National including NRI student admitted through open competitive examination or merit selection to a degree/
The eligibility section names Indian/students, admissions route and 860-institute list.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Eligibility / Courses Covered
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeFor the PM-Vidyalaxmi facility, the page does not publish a universal minimum income threshold. It does publish interest-subvention family-income bands of up to ₹4.50 lakh and above ₹4.50 lakh to ₹8 lakh for specified support, which are subsidy conditions rather than a general eligibility floor.View source
The page distinguishes subsidy income bands from a general minimum-income requirement.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Interest Subsidy
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkThe page refers to RBLR; the current rate sheet publishes Star Vidyalaxmi category spreads against RBLR, with present rates of 6.85%, 7.50% and 8.40% p.a.View source
The rate sheet names RBLR and lists category spreads/present rates.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 4: Star Vidyalaxmi Scheme
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure or methodology is published.View source
The page and rate sheet give and charges but no calculation.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Rate of interest / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment penalty.View source
The manually reviewed product record states: “No prepayment penalty published”. The issuer's current sanction terms should still be confirmed before applying.
- Source
- Star -Vidyalaxmi Education Loan — official product page
- Page / section
- Fees and prepayment
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureMoratorium up to the course period plus 1 year; repayment up to 15 years from commencement of repayment.View source
The page publishes course-plus-one-year moratorium and 15-year repayment period. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
- Source
- Star -Vidyalaxmi Education Loan
- Page / section
- Repayment Period — comparison field: Tenure
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsIndian National including NRI student admitted through open competitive examination or merit selection to a degree/
The manually reviewed product record states: “Indian National including student admitted through open competitive examination or merit selection to a degree/diploma course at one of 860 quality higher-education institutes.”.
- Source
- Star -Vidyalaxmi Education Loan — official product page
- Page / section
- Published product metadata
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- No collateral security
- Nil processing charges
- No prepayment penalty published
- Interest-subvention conditions published
Eligibility
- Course must be at one of the listed 860 quality higher-education institutes; apply through Vidya Lakshmi Portal.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Identity/address proof, admission and academic records, expense schedule, photographs, co-borrower income evidence and references.
Related official documents
Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗Star PM-Vidyalaxmi Education Loanofficial-product-page · current · accessed 30 Aug 2026
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