Buddy4Study – Axis Bank Education Loan Program

Buddy4Study – Axis Bank Education Loan Program is a joint initiative offered by the Axis Bank Limited and Buddy4Study to financially support Indian students for pursuing higher education in India or abroad. Under this Program, students who are pursuing at the graduate or postgraduate levels will be provided with a loan amount up to INR 75 lakhs along with speedy disbursals and easy repayment options for effective loan servicing at attractive interest rates.

About Axis Bank

Axis Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is India’s third largest private sector bank by assets and fourth largest in terms of market capitalisation. Moreover, it offers financial services to large and mid-size companies, SMEs and retail businesses.

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  • Applicant and co-applicant should be over 18 years of age and citizen of India.
  • Students must have secured 50% and above during Class 12 or graduation.
  • Students must have obtained admission to courses like Medicine, Engineering, Management, etc, either at the graduate or postgraduate levels in India.
  • Must have secured admission in India or abroad from a recognised college/education institution through entrance test/merit-based selection process after passing Class 12.
  • Co-applicant, that is, parent(s) or guardian need to have a regular source of income.

Education loans starting from INR 50,000 up to INR 75 lakhs


  • The loans will cover tuition fees, hostel charges, cost of books, etc.
  • The quantum of education loans can be determined, subject to eligibility and cost, for case-to-case approval.


Rate of interest- Repo rate: 6.50 %


Loans Amount Effective ROI (Linked Repo Rate)
Up to INR 4 lakhs 15.20 %
Greater than INR 4 lakhs and up to INR 7.5 lakhs 14.70 %
Loans greater than INR 7.5 lakhs 13.70 %

NoteRepo rate is the interest rate at which the RBI lends to banks in the country.


  • Income statements (Salary slip, Form-16, Income Tax Returns of the last two years, computation of income of last 2 years, certified by Chartered Accountant)
  • Bank statement/passbook of the last 6 months
  • Copy of the admission letter of the institute along with the fee schedule
  • Mark sheets and/or pass certificates of Class 10, Class 12, Degree courses, National level entrance test
  • Age proof (birth certificate, passport, latest electricity bills, ration card, existing house lease agreement, bank account statement
  • Photo-identification proofs (Aadhaar card, Voter-ID, PAN Card, passport, and driving license
  • Passport-size photographs of applicants and co-applicants
  • Guarantor form (optional)
How can you apply?

  • Click on the ‘Apply Now’ button below.
  • Login to Buddy4Study using a registered ID to land on the ‘Online Application Form Page.’
    •  If not registered on Buddy4Study – Register at Buddy4Study with your Email/Mobile/Gmail account
  • You will now be redirected to the ‘Buddy4Study-Axis Bank Education Loan Program’ application form page.
  • Click on the ‘Start Application’ button to begin the application process.
  • Fill in the required details in the online application form.
  • Upload the required documents.
  • Accept the ‘Terms and Conditions’ and click on ‘Preview.’
  • Review the preview screen to ensure that all the filled-in details are correct.
  • If all the details appear correctly on the preview screen, click on the ‘Submit’ button to complete the application process.

Apply Now

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