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Cent Vidyalaxmi Scheme

Collateral-free, guarantor-free education loan routed through the Vidyalaxmi portal for students admitted to selected institutions, with nil processing and published income-subvention bands.

Interest rateNot published as a standalone percentage on the scheme page; Central Bank links its latest education-loan rate table.Maximum amountNo separate rupee ceiling is published on the PM Vidyalaxmi scheme page; the finance amount is need-based and subject to the selected institution category and sanction terms.Moratorium and repaymentCourse period plus one year moratorium; repayment up to 15 years excluding moratorium.
Official product page ↗Compare category

Quick eligibility check

Cent Vidyalaxmi Scheme

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Indian student admitted to a selected quality higher-education institution?

Published source: Eligibility

2Do you meet this requirement: AAA/AA category permits parent, guardian, spouse or parents-in-law as joint borrower, while A category requires a joint borrower?

Published source: Eligibility

3Does your annual income meet this requirement: For subvention: up to ₹4.5 lakh family income receives 100% interest subvention for technical/professional courses and 3% for other courses?

Published source: Family-income bands

4Do you meet this requirement: ₹4.5–₹8 lakh receives 3% under PM Vidyalaxmi?

Published source: Family-income bands

5Do you meet this requirement: joint-borrower rules differ by AAA/AA versus A category?

6Document checkDo you have this required document or proof: Admission evidence, KYC, verified family-income certificate and parent/guardian joint-borrower documents where required?

Published source: Eligibility
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 6 Sept 2026 · active
Offered byCentral Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeCollateral-free and guarantor-free education term loan under PM Vidyalaxmi for selected quality higher-education institutions.View source
The official page describes the Vidyalaxmi education loan and states collateral and guarantor are not required.
Source
Cent Vidyalaxmi Scheme
Page / section
Purpose and security
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndian student admitted to a selected quality higher-education institution; AAA/AA category permits parent, guardian, spouse or parents-in-law as joint borrower, while A category requires a joint borrower.View source
The page publishes institute-category and joint-borrower conditions.
Source
Cent Vidyalaxmi Scheme
Page / section
Eligibility and co-borrower
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
MarginAAA and AA category: nil. A category: nil up to ₹4 lakh and 5% above ₹4 lakh.View source
The margin table gives nil AAA/ margin and the A-category ₹4 lakh breakpoint.
Source
Cent Vidyalaxmi Scheme
Page / section
Margin
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Moratorium and repaymentCourse period plus one year moratorium; repayment up to 15 years excluding moratorium.View source
The official repayment rows publish the moratorium and 15-year maximum.
Source
Cent Vidyalaxmi Scheme
Page / section
Moratorium and repayment
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
ChargesProcessing nil; API integration ₹81 plus GST; CIC ₹50 plus GST per CIC per borrower; VLP ₹200 plus GST; pre-payment nil.View source
The charges section itemises processing, , , and pre-payment rows.
Source
Cent Vidyalaxmi Scheme
Page / section
Charges
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Family-income bandsFor subvention: up to ₹4.5 lakh family income receives 100% interest subvention for technical/professional courses and 3% for other courses; ₹4.5–₹8 lakh receives 3% under PM Vidyalaxmi.View source
The official table publishes family-income and subvention bands; it is not a minimum loan-income threshold.
Source
Cent Vidyalaxmi Scheme
Page / section
Annual family income and subvention
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Interest rateNot published as a standalone percentage on the scheme page; Central Bank links its latest education-loan rate table.View source
The page links the current rate table without embedding a single scheme rate.
Source
Cent Vidyalaxmi Scheme
Page / section
Rate of interest
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR calculation on the reviewed page.View source
No calculation is shown.
Source
Cent Vidyalaxmi Scheme
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
PrepaymentNil.View source
The charges section states pre-payment charges are nil.
Source
Cent Vidyalaxmi Scheme
Page / section
Charges
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
BenchmarkThe PM Vidyalaxmi page links Central Bank's current education-loan rate table but does not name a single benchmark on the scheme page.View source
The complete scheme page provides a rate-table link without a named benchmark.
Source
Cent Vidyalaxmi Scheme
Page / section
Rate of interest
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amountNo separate rupee ceiling is published on the PM Vidyalaxmi scheme page; the finance amount is need-based and subject to the selected institution category and sanction terms.View source
The full page publishes margin, security and repayment rules but no maximum rupee quantum.
Source
Cent Vidyalaxmi Scheme
Page / section
Quantum / scheme terms
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndian student admitted to a selected quality higher-education institution; AAA/AA category permits parent, guardian, spouse or parents-in-law as joint borrower, while A category requires a joint borrower.View source
The manually reviewed product record states: “Indian student admitted to a selected quality higher-education institution; AAA/ category permits parent, guardian, spouse or parents-in-law as joint borrower, while A category requires a joint borrower.”.
Source
Cent Vidyalaxmi Scheme — official product page
Page / section
Published product metadata
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • No collateral or guarantor
  • Up to 15-year repayment after course-plus-one-year moratorium
  • Nil processing and pre-payment charges
  • Vidyalaxmi portal application and interest subvention

Eligibility

  • Indian student admitted to a selected quality higher-education institution; joint-borrower rules differ by AAA/ versus A category.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Admission evidence, , verified family-income certificate and parent/guardian joint-borrower documents where required

Related official documents

Cent PM Vidyalaxmi Schemeofficial-product-page · current · accessed 6 Sept 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Vidyalaxmi · Amount / purposeSelected institutions; income-subvention bands

This value is copied from Central Bank education and vehicle variant terms. Check the table notes before relying on it.

Source: Central Bank education and vehicle variant catalogue · Variant product pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 5 columnsCentral Bank education and vehicle variant termsPublished terms transcribed from official Central Bank product pages.View tableHide table

Scroll sideways to view every column

Central Bank education and vehicle variant terms
ProductAmount / purposeMargin or securityTenureCharges
VidyalaxmiSelected institutions; income-subvention bandsAAA/ nil margin; no collateral/guarantorCourse + 1 year moratorium; up to 15 yearsProcessing and prepayment nil; // charges apply
Cent Tech VidyarthiIIT/NIT; up to ₹15 lakhIncome and life-policy assignment; guarantee waivedCourse + 1 year moratorium; up to 15 yearsNo processing; ₹81 + ; ₹100 +
Cent Combo VehicleNew personal-use 4W; amount inherits vehicle schemeExisting home-loan standard asset; nil SMAVehicle scheme terms apply0.50% + , ₹2,000–₹20,000; waiver through 31 Dec 2026
Cent Vehicle BusinessNew business vehicle; up to ₹3 crore15% on-road margin; collateral nilUp to 60 monthsNot published on page
  • Standalone is not published on these pages; current rate tables or underlying Cent Vehicle terms apply where stated.
Central Bank education and vehicle variant catalogue · Variant product pages · accessed 6 Sept 2026Open official source ↗

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