Buddy4Study Education Programme 2024

Buddy4Study Education Loan Programme is an initiative of Buddy4Study along with multiple education loan providers (Banks & NBFCs) to provide financial backing to aspiring students who have secured admission into higher educational institutions in India or abroad.

Under this programme, the students will be offered collateral-free* education loan of up to ₹ 40 Lakh to pursue their higher studies at an institution of their choice. The rate of interest applicable under this programme starts from 8.1% depending on the institute category and courses.

As part of this education loan programme, students can avail customized repayment plans, flexible tenures and income tax benefits that will help them in financing their academic dreams without worries.

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  • Open for Indian students who received admission confirmation for pursuing UG/PG programme in India
  • Should be 18 years old or above on the date of application
  • Must be admitted to the desired institution after completion of the pre-requisite qualifications
  • Family income should be more than ₹ 3 Lakh per annum (not necessary for loan requirement below ₹ 7.5 Lakh)
  • The loan amount required should be more than ₹1 Lakh

The candidates applying for Education Loan will receive the following benefits –

  • Collateral-free* loan amount of up to ₹ 40 Lakh (minimum loan amount of ₹ 1 Lakh)
  • Education loan interest rates starting at 8.1% p.a.*
  • Provision for easy and fast loan sanction via seamless application process
  • Loan of upto ₹ 2 Cr available with collateral*
  • 100% income tax benefit for interest paid under Section 80E of IT Act
  • The education loan amount would include the following expenses towards the course:

    1. College-related expenses:

  • Tuition and fees payable to the institute
  • Examination/library/laboratory fees
  • Purchase of books/equipment/uniform
  • Living expenses (including hostel fees)

2. Additional expenses:

  • Travel expenses
  • Purchase of computers/laptops
  • Overseas Insurance
  • Cost of health insurance

Note: Special consideration for students pursuing professional courses from NIRF/top educational institutions (lesser interest rate depending on course and institution, quick loan disbursal, etc.)


The following documents must be uploaded by the applicant at the time of application –

  • Recent passport-size photograph
  • Address proof (Aadhaar Card/Driving License/Passport/Voter ID Card/NREGA Job Card of parent/s, etc.)
  • Admission proof (College ID card/admission letter/ bonafide letter from institute)
  • Fee structure document
How can you apply?

  • Click the ‘Apply Now’ button below.
  • Login to Buddy4Study with your registered ID and land onto the ‘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 Education Loan programme’ application form page.
  • Click on the ‘Start Application’ button to begin the application process.
  • Fill the required details in the online application form.
  • Upload relevant documents.
  • Accept the ‘Terms and Conditions’ and click on ‘Preview’.
  • If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.

Apply Now

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