IDFC FIRST Bank Education Loan Programme

The candidates applying for IDFC FIRST Bank Education Loans will get the following benefits –

• Collateral-free loan amount of up to INR 40 Lakh (minimum loan amount of INR 3 Lakh)
• Education loan interest rates starting at 9% p.a.*
• Provision for easy and fast loan sanction via seamless application process
• Provision for multiple repayments is available
• No foreclosure/part payment charges
• Loans upto ₹1 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/uniforms
• 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)
• Academic documents (10th and 12th marksheets | For PG courses, graduation final year mark sheet also required)
• Fee structure document

• Click the ‘Apply Now’ button below.
• You will now be redirected to the ‘Buddy4Study – IDFC FIRST Bank 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.