IDFC FIRST Bank Education Loan Programme 2025 : buddy4study.com
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Organisation : Buddy4Study & IDFC FIRST Bank
Scholarship Name : IDFC FIRST Bank Education Loan Programme 2025
Applicable For : Indian students who are pursuing higher studies in India (or) abroad
Applicable State/UT : All India
Last Date : 31st March 2025
Website : https://www.buddy4study.com/page/buddy4study-idfc-first-bank-education-loan-programme
What is IDFC FIRST Bank Education Loan Programme?
Buddy4Study – IDFC FIRST Bank Education Loan Programme is a joint initiative of Buddy4Study and IDFC FIRST Bank 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 loans up to INR 40 Lakh to pursue their higher studies at an institution of their choice. The rate of interest applicable under this education loan ranges from 9% to 12%, depending on the institute category and courses. Last date of application is 31st March 2025.
Related / Similar Scholarship : Propelld Domestic Education Loan Programme 2025
Eligibility of IDFC FIRST Bank Education Loan Programme
** Open for Indian students who are pursuing higher studies in India or abroad
** Should be 18 years old or above on the date of application.
** Admitted to the desired institution after completion of the pre-requisite qualifications
Benefits of 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 1 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.)
How To Apply For IDFC FIRST Bank Education Loan Programme?
To apply for IDFC FIRST Bank Education Loan Programme, Follow the below steps
Steps:
** Go to the link given above
** Click the ‘Apply Now’ button.
** 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 – 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.
Documents Required For IDFC FIRST Bank 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 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
What is the Last Date of IDFC FIRST Bank Education Loan Programme?
Last Date of IDFC FIRST Bank Education Loan Programme is 31st March 2025.