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 recommendation 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 deed. 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
