Study Abroad (International) Education Loan – UG & PG

• Open for Indian students who received admission confirmation for study abroad
• 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

The candidates applying for Education Loan will get 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

• Click the ‘Apply Now’ button below.
• 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.