How to get education loan to take admission in your college as I cannot afford to pay the big amount? Please tell me about loan.

Question

Ashish Sharma · Answer

Hi Sakshi, Taking an Education from LPU depends on your passion and willingness not on affordability because the government, the banks and Lovely Professional University, all are striving to provide education. In Lovely professional University, there is a separate department for loan assistance. They do not provide loan but yes they will assist you to get loan from the banks. They will provide you a loan letter having final details of all the applicable fee after confirming the scholarship amount. For maximum scholarship benefits you should take admission prior to 31st August 2020.

Dharamveer Dheer · Answer

Hi there, Let me break it for you point by point: 1. The initial fee for registration is only Rs 10000 2. You can very well apply for education loan, whatever documents are required by bank from university, they will be provided. 3. Also do check the scholarships in your preferred programme, your fee will be dependent on it. The scholarships are available in many categories. 4. If you fall in a lower scholarship or don't fall at all in any of the scholarship categories as off now, you can write LPU NEST which can make you avail 35% of the fee ! So don't worry, visit the portal and check your eligibility, scholarship on admission portal. Various scholarship schemes are: # Scholarship on the basis of Percentage in qualifying exam/ Qualification previous to Eligibility Qualification # COVID-19 Frontline Scholarship for the Frontline Workforce # Scholarship on the basis of LPUNEST # Scholarship on the basis of Performance in Sports, Cultural, R&D, Co-curricular and Social Service Bravery Awards. # Special Scholarships and Fee Concessions It is advisable to finish your registration process before August 31 2020 to avail the highest slabs. Hope this helps DVD.

pradeep kumar · Answer

LPU offers various types of scholarships to deserving students as given below. 1. Scholarship on the basis of Percentage in qualifying exam/ Qualification previous to Eligibility Qualification 2. LPUNEST 3. Scholarship on the basis of Performance in Sports, Cultural, R&D, Co-curricular and Social Service Bravery Awards. 4. Fee Concession for Defence and Central Armed Police Forces (CAPF) personnel and their dependents 5. Special Scholarship for Toppers of Education Board. 6. Scholarship for Orphan Applicants. 7. Scholarship for Person with Certain Disability. So your first priority should be avail these scholarships. However the university has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years. For more details please call at the below phone number. Phone: +91-1824-444583.

Avtar Dhillon · Answer

Lovely Professional University has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie-ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years. The Students who want to apply for Educational Loan from any Bank need an offer letter from the University. The University will provide the requisite offer letter or alike document as required by the concerned bank for loan purposes, as and if deemed appropriate. LPU has MOUs with the following banks: Central Bank of India Punjab National Bank Oriental Bank of Commerce Karur Vysya Bank There are a number of banks and financial institutions that have given proposals or recommendations to extend loans to LPU students such as Canara Bank, Bank of Baroda, Andhra Bank, HDFC, IDBI, SBI Union Bank of India, Allahabad Bank, United Bank of India, and many more. However, the students, who are availing this facility, and their parents are liable for any course of the D.Ed. The responsibility for getting loan letter, the sanction of loan, repayment of the loan, and any other liability lie solely with the students/parents. The university will not be liable and responsible in this regards. LPU also has different bank branches inside the campus: State Bank of India Punjab National Bank Oriental Bank of Commerce Karur Vysya Bank ICICI Bank.

Lipika Dhingra · Answer

Being an alumni I can proudly say that LPU lend financial assistance in numerous ways so that the money could not form a hurdle in the way of the building of the career. Lovely Professional University deliberately provide Loan Assistance to all eligible & already admitted students in all possible ways so that fulfilling the fees criteria should not be the obstacle for any of the students to get quality education. LPU is having dedicated Loan Assistance department (01824-444583) for this reason. LPU is having tie ups / MOU with all the leading Government & Private banks of India like Punjab National Bank, Oriental Bank of Commerce, State Bank of Patiala, Central Bank of India, Karur Vysya Bank etc. LPU is having tie-ups with some of the NBFC even like Afinoz, Credenc, Eduvanz etc. In this regard. Loan Assistance Process: Once any student took admission, students need to mail their Loan Letter requirement to the Loan department mail ID. Loan letter can be sent to the applicant only after students submits one loan application form to the Student Loan Assistance team. Loan Letter processing takes generally maximum of 2 weeks. Hope your query is resolved. For more details you can contact Tel: +91-1824-404404 Toll Free: 1800 102 4431 Toll Free: 1800 274 0615T industries recruit Mechanical students here. Companies like Microsoft, Wipro, etc.

Arnav Sethi · Answer

Yes of course even I had taken a loan to study at LPU. The process is so smooth if you have good financial records and your intuitions are fine. The university has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie-ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years.

Poonam Angural · Answer

Hi, The university has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years. You may visit the website for the phone number and the email on which you may approach. University has different bank branches inside the campus. State Bank of India Punjab National Bank Oriental Bank of Commerce Karur Vysya Bank ICICI Bank The Students who want to apply for Educational Loan from any Bank need an offer letter from the University. The University will provide the requisite offer letter or alike document as required by the concerned bank for loan purposes, as and if deem appropriate. All the desiring students who want a Loan letter (offer letter) need to follow the following steps:Download, print and fill the Application Form for Loan Letter. Submit the duly filled and signed copy of the form to the University via one of the following means: In Person to the Student Loan Assistance Cell on the University Campus or at the Designated or By Post /Courier on the address mentioned on the website or by email on the email address provided on the website. On receiving the duly filled and signed document the University shall process the application and will revert back to the student as soon as possible.

Neetu Singh · Answer

LPU provides loan assistance to its students. They have tie-ups with reputed public and private banks. They provide you with a loan letter after the admission thus facilitating the process of loan from the bank. There is a separate cell to assist you about the loan procedure. It is also mentioned clearly in the prospectus too. Student Loan Assistance Cell was of great help. They are available for your assistance obviously according to their office timings. The University has banks inside the university itself. Some of them are State Bank of India, PNB, ICICI Bank and Oriental Bank of Commerce along with four ATMs which can be reached at easy locations. University has different bank branches inside the campus. State Bank of India Punjab National Bank Oriental Bank of Commerce Karur Vysya Bank ICICI Bank. Once you will apply for loan from bank, bank may ask you for some documents, so you can apply documents from the university For more information kindly visit Lovely Professional University websites or call on Tel: +91-1824-404404.

Vibha Gupta · Answer

Lovely professional university is having various tie-ups with the banks. In Lovely professional University, there is a separate department for loan assistance. They provide the documents which are required from the university based on which you can proceed for the loan. They will provide you a loan letter having final details of all the applicable fee after confirming the scholarship amount. Hope this information helps.

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