I opted for education loan of 7.5 lakhs through vidyalakshmi portal facilitated by SBI. I applied for it from the SBI bank located in the campus. convenient process. The final disbursal of loan and approval takes place in main branch located in udyog bhawan. Parents need to be the guarantor and student should have the joint account with the parent. They will see the income statement of the parent, marksheets, bonafide from college and once approved, you are supposed to submit fee circular Everytime you need disbursal and they will deduct interest from the joint account till the time you get employed.
I availed for loan of 2.75lakh from the vidhya Laxmi portal I applied there loan at the portal and the Bank Accepted it and process was fine.
I am not availed of any scholarship/loan provided by college. SPM is subsidiary of Pandit Deendayal petroleum university so scholarship/loans can be provided by them.
Yes most of students do take Loans , scolarship is only for quota students and not for general ones as in my batch but in current seniors. I am not aware of college do provides fees for programs like ERP.
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