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.

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.

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Dear Samarth, Being alumni of LPU, I will tell you about the education loan facility. One of my friend has completed his MBA on education loan. There are many students in LPU who studying by education loan. You can take loan from any bank, and bank asks you for few documents like pan card, identity proof, photographs, Residential proof, 10th and 12th Marksheet and certificate. (other documents from your Guardian also). Few documents are also need which will given from LPU like original prospectus, Fee structure, proof of admission, etc. You should contact LPU members for a Loan letter, and they will give you a form. You must fill up the form with your and guardian signature. After fill up the form, they will provide you a loan letter. With the help of this loan letter and other documents you can easily apply for education loan in LPU. Bank will give your all fee to LPU via check or online money transfer to university account. So, be tension free and apply for an education loan. Hope this will help you, Thank you. All The Best.

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An education loan is a good idea and a commonly sought after resort. Pursuing higher studies usually involves high fees and an education loan comes in handy at this point. Banks provide education loans for graduation/PG, diploma or professional courses, at attractive interest rates. LPU fully assists the student in getting a loan. Usually, the student prefers taking a loan from his native place as it is easier there as far as the document process is concerned. The LPU provides all assistance through its dedicated loan assistance department. LPU is having tie-ups or MOUs with all the leading Government and 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 as well in this regard. Loan Assistance Process: There is a separate loan assistance cell that looks into such cases. A student has to mail their Loan Letter requirement to the Loan department through email after taking admission. Loan letters can be sent to the applicant only after a student submits one loan application form to the Student Loan Assistance team. This process may take two weeks. Many students in LPU are studying with the help of an education loan. You have to submit documents like pan card, identity proof, photographs, residential proof, 10th, and 12th Marksheet, and certificate to the bank plus a few documents about your guardian. The LPU will ask you to submit the original prospectus, Fee structure, proof of admission, etc. When you contact LPU members for a Loan letter, they will give you a form. You fill it and get it duly signed by your guardian. After filling up the form, they will provide you with a loan letter. With the help of this loan letter and other documents, you can easily apply for an education loan in LPU. Bank will give you all fees to LPU via check or online money transfer to the university account.

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<p>If you want to take admission in LPU but can't afford the full fees, you can apply for an education loan. LPU has tie-ups with many banks like SBI, PNB, ICICI, HDFC, etc., which provide easy education loans to students. You can visit the LPU website and check the "Financial Aid" or "Education Loan" section. LPU also gives support by providing admission letters, fee structure, and other documents needed for the loan. You can visit your nearby bank branch with these documents. LPU even has an on-campus help desk for loan guidance. Many students take loans and study without financial pressure. Don’t worry, just contact LPU support or visit campus, they will help you step by step.</p>

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<div><div><div><div><div>&nbsp;</div></div></div></div></div><div><div><div><div dir="auto" data-message-author-role="assistant" data-message-id="ecca44f2-1b89-4541-8925-b167201284ff" data-message-model-slug="gpt-4o-mini"><div><div><p>If you're considering higher education at <strong>Lovely Professional University (LPU)</strong> but are concerned about financing, an <strong>education loan</strong> can help cover tuition fees, living expenses, and other costs. Here’s a streamlined guide to applying for an education loan:</p><h3><strong>Eligibility Criteria</strong></h3><ul><li><strong>Indian Citizen</strong>: Must be an Indian national.</li><li><strong>Admission Confirmation</strong>: Must have secured admission at LPU (merit or LPUNEST).</li><li><strong>Age</strong>: Typically between 18-35 years.</li><li><strong>Academic Qualification</strong>: Must have completed 10+2 or equivalent.</li><li><strong>Co-applicant</strong>: A parent or guardian with stable income is required.</li></ul><h3><strong>Steps to Apply</strong></h3><ol><li><strong>Research Banks</strong>: LPU partners with major banks like <strong>SBI</strong>, <strong>ICICI</strong>, <strong>HDFC</strong>, and <strong>Axis Bank</strong> for student loans.</li><li><strong>Calculate Loan Amount</strong>: Loans can cover up to 100% of tuition and living costs. Loans under ?4 lakh need minimal documentation, while loans above ?4 lakh may require collateral.</li><li><strong>Gather Documents</strong>: Required documents include:<ul><li><strong>Admission letter</strong> from LPU</li><li><strong>10th &amp; 12th mark sheets</strong></li><li><strong>ID proof</strong> (Aadhaar, Passport, etc.)</li><li><strong>Co-applicant's income proof</strong> (ITR, salary slips)</li></ul></li><li><strong>Apply</strong>: Submit the loan application online or visit a branch for assistance.</li><li><strong>Loan Processing</strong>: The bank will assess eligibility and may ask for collateral if the loan exceeds ?7.5 lakh.</li><li><strong>Loan Sanction &amp; Disbursement</strong>: If approved, the loan is disbursed in installments to LPU based on the fee structure.</li></ol><h3><strong>Key Loan Terms</strong></h3><ul><li><strong>Loan Amount</strong>: Up to 100% of tuition and additional expenses.</li><li><strong>Interest Rates</strong>: Typically between 8% to 15% per annum.</li><li><strong>Repayment</strong>: Generally between 5 to 15 years, with a 6-12 month grace period post-course completion.</li><li><strong>Collateral</strong>: Required for loans above ?7.5 lakh.</li></ul><h3><strong>LPU-Specific Support</strong></h3><p>LPU collaborates with banks to help students access education loans. The <strong>Financial Aid Office</strong> assists students in choosing the best loan options and navigating the application process.</p><h3><strong>Other Financial Assistance</strong></h3><p>LPU also offers <strong>merit-based scholarships</strong> and external financial aid programs to help reduce the financial burden.</p><p><strong>Lovely Professional University</strong><br>Jalandhar-Delhi, G.T. Road,<br>Phagwara, Punjab, India - 144411<br>Tel: +91-1824-517000 | +91-1824-404404</p></div></div></div></div></div></div>

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<p>In case of worries regarding the payment of tuition fee in Lovely Professional University (LPU) then loan education is a very good idea towards financing your education. LPU has tie-ups with major financial institutions and leading banks which provide good education loans with easy repayment conditions and low-interest rates. The university ensures that it gives all the required information such as the admission letters and fee structures making the loan application process through the university free of hassles. Loans that are without a security but have an upper limit are also available in many banks and hence making education affordable to deserving students. LPU also provides scholarships and fee waivers on the basis of merit and result of entrance test which in itself may ease your financial load of payment. The university has a set of financial aid personnel who assists students in the loan application process so that you get the best. Through these facilities, LPU gives students of all classes a chance to study good education without straining them financially.</p>

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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

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Hi Samarth, being alumni of Lovely Professional University I must say LPU is a student friendly University &amp; it's always intends to provide all kind of support for the well being of the students. Let me quote the student friendly initiatives taken by LPU in this context. Lovely Professional University always intends to provide Loan Assistance to all eligible &amp; already admitted students in all possible ways so that fulfilling the fees criteria should not be the hurdle for any of the students to get quality education. LPU is having tie ups / MOU with all the leading Government &amp; 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 !!

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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

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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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