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5 Life-Changing Money Books Every Indian Student Must Read Before 25

In school, we learn Physics and History, but nobody teaches us the most important subject of all: Money. Why are some people rich while working less, while others work hard but stay poor? The answer is "Financial Literacy." If you want to retire rich, you need to change your mindset. Here are the Top 5 Books that cost less than a pizza but will make you lakhs in the future. 1. Rich Dad Poor Dad (Robert Kiyosaki) This is the Bible of personal finance. The Lesson: The rich don't work for money; money works for them. Key Concept: Know the difference between an Asset (puts money in your pocket) and a Liability (takes money out). Why read it: It destroys the myth that "High Salary = Wealth." 2. The Psychology of Money (Morgan Housel) Most finance books are boring math. This book is about human behavior . The Lesson: Doing well with money has a little to do with how smart you are and a lot to do with how you behave. Best Chapter: "Man in the Car Paradox...
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How to Get an Education Loan up to ₹7.5 Lakhs Without Collateral in India


"My parents don't have property to pledge." This is the #1 reason students give up on their dream college. They think education loans require you to mortgage your house or gold.

This is a myth. Under the Government's CGFSEL scheme, every Indian student is eligible for a collateral-free loan up to ₹7.5 Lakhs. No security, no deposit needed.

Here is exactly how to apply using the official government portal.

1. What is a "Collateral-Free" Loan?

  • Collateral: An asset (House, FD, Gold) you give to the bank as security.

  • Non-Collateral: The bank gives you money based on your Marks and Future Potential. If you get admission to a recognized college, the government acts as your guarantor.

2. The Limit: ₹7.5 Lakhs

  • Up to ₹4 Lakhs: No collateral, no co-applicant required.

  • ₹4 Lakhs to ₹7.5 Lakhs: No collateral required, but you need a Co-Applicant (Parent) with a valid PAN card.

  • Above ₹7.5 Lakhs: Usually requires some security (unless you are in an IIT/IIM).

3. How to Apply (Vidya Lakshmi Portal)

Don't run from bank to bank. Use the single window system.

  1. Register: Go to www.vidyalakshmi.co.in (Official Govt Portal).

  2. Fill ONE Form: You fill the CELAF (Common Education Loan Application Form) once.

  3. Apply to 3 Banks: You can send this one form to SBI, Canara Bank, and Bank of Baroda simultaneously.

  4. Track Status: The banks must update your status on the portal. They cannot ignore you.

4. Documents You Need

Keep these ready in PDF format:

  • Admission Letter: Proof that you got a seat.

  • Fee Structure: A paper from the college showing how much the course costs.

  • KYC: Aadhaar and PAN of you and your parent.

  • Mark sheets: Class 10th, 12th, and Degree.

5. Interest Rates & Repayment

  • Interest: Usually between 9% to 11% (Govt banks are cheaper than private ones).

  • Moratorium Period: You don't have to pay anything while you are studying. Repayment starts 1 year after you finish your course or 6 months after you get a job.

Conclusion

Money should never stop your education. If you have the talent and the admission letter, the money is waiting for you. Go to the Vidya Lakshmi portal today and secure your future.

Want to pay off your loan faster? Start building a side income now: 👉 How to Earn ₹500 Daily Without Investment


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