An education loan is a widely accepted and practical solution for financing higher education, which often comes with hefty fees. Banks offer education loans for a variety of courses, including graduation, post-graduation, diploma, and professional programs, at attractive interest rates. LPU provides extensive support to students in obtaining these loans. Typically, students prefer to secure loans from their hometowns due to the convenience of the documentation process. LPU collaborates with reputable government and private banks in India, such as Punjab National Bank, ICICI, Karur Vysya Bank, and others. Moreover, LPU has partnerships with select NBFCs like Afinoz, Credenc, Eduvanz, and more. A dedicated loan assistance cell at LPU handles all such cases. Once a student takes admission, they are required to email their loan letter requirement to the Loan department. However, loan letters can only be issued after the student submits a loan application form to the Student Loan Assistance team, which may take up to two weeks. Many students at LPU are pursuing their studies with the help of education loans. To apply for a loan, you will need to submit documents such as PAN card, identity proof, photographs, residential proof, 10th and 12th mark sheets, as well as documents related to your guardian. LPU will also require the original prospectus, fee structure, and proof of admission. When you approach LPU members for a loan letter, they will provide you with a form that needs to be filled and signed by your guardian. Once the form is completed, you will receive a loan letter. With this letter and other necessary documents, you can easily apply for an education loan at LPU. The bank will then disburse the fees to LPU either through a check or via online money transfer to the university account.
For more information you contact LPU toll free number.
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