Study Abroad (International) Education Loan - UG & PG

N/A

N/A

• Open for Indian students who have received confirmation of their admission to UG/PG programmes abroad

• Must have been admitted to the desired institution after having completed the pre-requisite qualification criteria

• Annual family income should be more than ₹ 3 lakh

The candidates applying for education loan will get the following benefits:

• Collateral-free* loan amount up to ₹40 lakh and minimum loan amount of ₹1 lakh

• Education loan interest rate range from 8.1% p.a.*

• Provision for easy and quick sanctioning of loan via a seamless application process

• Education loan up to ₹2 crore available with collateral*

• 100% income tax benefits apply for interest paid under Section 80E of the IT Act

• The education loan amount would include the following expenditures incurred in pursuing the course:

               1. College-related Expenditures:

• Tuition and fees payable to the institute

• Examination/library/laboratory fees

• Purchase of books/equipment/uniform

• Living expenditure including hostel fee

     2. Additional Expenditures:

• Travel expenses

• Purchase of computers/laptops

• Cost incurred on overseas travel insurance

• Cost incurred on health insurance

(Note: Special consideration will be given to students pursuing professional courses from NIRF or top educational institutions with lesser interest rate applicable depending on selected course and institution including quick loan disbursal, etc.)

• 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.

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/NREGA Job Card of parent(s), etc.)

• Admission proof (College ID/Admission Letter/Bonafide Letter from the Institute) 

• Documents on fee structure

Application Start Date: 28th June 2023

Application Deadline: 31st March 2023