Education Loan

Lexicon Management Institute of Leadership & Excellence, Pune assist education Loans for students looking to study in India and abroad from its various education loan channel partners.

Common Documents for Education Loan KYC documents:-

Two Passport Size Photos – Applicant and Co-Applicant
Photo ID – Applicant and Co-Applicant (Any one of the following) :-

  • Permanent Account Number (PAN) Card
  • Passport
  • Driving License
  • Aadhaar Card
  • Voter's ID Card
    • Documents Required form the Student :-

  • Mark sheet/Certificate of 10th Exam
  • Mark sheet/Certificate of 12th Exam
  • Mark sheet/Certificate of Subsequent Years of Education e.g. BE, B.Com, B.Sc., etc.
  • Mark sheet of Any Entrance Exam taken e.g. CAT, CET, etc. (If applicable)
  • GRE/GMAT/TOEFL/IELTS, etc. Mark sheets (If applicable)
  • Scholarship Documents (if applicable)
  • Bank Statement / Pass Book of last 6 months
  • Copy of admission letter of the Institute along with fees schedule
  • Fee Demand letter from institute
  • Loan agreement signed by applicant, co-applicants (Provide by respective bank)
  • Sanction letter signed by applicant, co-applicants (Provide by respective bank)
  • Disbursement request form signed by applicant, co-applicants (Provide by respective bank)
  • Receipts of margin money paid to the institute
  • Documents for collateral security (if applicable)

    • Education Loan Channel Partner: :-

    1. Grad RightMark (https://gradright.com): On GradRight, find each lender (Domestic or International, Bank or NBFC) who does student loans. Save time by submitting your profile and getting your eligibility checked with every single one, whether you plan to finance your study in India or abroad.
    2. Credenc (https://www.credenc.com):Credenc is disrupting the domestic higher education financing market with its future income prediction model which ensures the best students of our country are not starved for funds for their higher education.
    3. Vidya Lakshmi (https://www.vidyalakshmi.co.in): This portal has been developed under the guidance of Department of Financial Services, (Ministry of Finance) , Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA). Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal.
    4. Bank of Maharashtra (https://www.bankofmaharashtra.in) : Bank of Maharashtra offers education loan for Lexicon-Management Institute of Leadership and Excellence students on Pan INDIA basis. Student can apply through Vidya Lakshmi website for the same.
    5. Avanse (https://www.avanse.com) : This is a Non Banking Financial Company rendering loans at competitive interest rates for India & Abroad education. It also covers course fees, travel, living and other costs.
    6. Canara Bank (https://www.canarabank.com) : Canara Bank offers education loan to students on Pan INDIA basis. Student can apply through Vidya Lakshmi website for the same.
    7. HDFC Credila (https://www.hdfccredila.com) : This is a Non Banking Financial Company rendering loans for India & A broad education at reasonable interest rates. For Any other assistance for education loan you can reach to institute Representative Mr. Vijay Bohra (8218381206)