Buddy4Study Education Loan Programme 2024-25
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Organisation : Buddy4Study, Banks & NBFCs
Scholarship Name : Buddy4Study Education Loan Programme 2024-25
Applicable For : Indian Students
Last Date : 31st March 2025
Website : https://www.buddy4study.com/page/buddy4study-education-loan-programme
What is Buddy4Study Education Loan?
Buddy4Study Education Loan Programme 2024-25 is sponsored by Buddy4Study in partnership with multiple education loan providers (Banks & NBFCs). Applicants should be a citizen of India. They should have received confirmation for admission or pursuing UG/PG programmes in India or abroad. Under the programme, the students are offered collateral-free education loan up to ₹40 lakh to pursue their higher studies at an institution of their choice. Last Date of Education Loan is 31st March 2025.
Eligibility of Buddy4Study Education Loan
** Open for Indian students who have secured confirmation of admission for pursuing UG/PG programmes in India
** Must have been admitted to the desired institution after having completed the pre-requisite qualification criteria
** Annual family income of the applicant should be more than ₹ 3 lakh per (Family income criteria is not a necessary requirement for loan amount below ₹ 7.5 lakh)
** Application for requirement of loan amount should be more than ₹1 lakh.
Benefits of Buddy4Study Education Loan
The candidates applying for education loan will receive the following benefits:
** Collateral-free* loan amount up to ₹ 40 lakh (Minimum loan amount should be ₹ 1 Lakh)
** Education loan interest rates start at 8.1% p.a.
** Provision for easy and fast loan sanction via a seamless application process
** Education loan up to ₹2 crore is available with collateral
** 100% income tax benefit 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.)
Documents Required for Buddy4Study Education Loan
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
How to Apply for Buddy4Study Education Loan?
** 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.
What is the Last Date of Buddy4Study Education Loan?
Last Date of Buddy4Study Education Loan Programme 2024-25 is 31st March 2025.