Buddy4Study Education Scholarship Programme 2023

Buddy4Study Education Loan Programme, in collaboration with various education loan providers such as banks and NBFCs, aims to offer financial support to ambitious students who have secured admission into higher educational institutions in India or abroad.

Through this initiative, eligible students can obtain a collateral-free* education loan of up to ₹40 lakh, enabling them to pursue their higher studies at their preferred institution. The interest rate for this programme starts at 8.1%, varying based on the category of the institute and the chosen courses.

As part of this education loan programme, students can benefit from tailored repayment plans, flexible loan tenures, and income tax advantages. These provisions aim to assist students in financing their academic aspirations with ease and without concerns.

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*Collateral-free refers to loans that do not require the borrower to provide assets as security.


  • Open for Indian students who received admission confirmation or are pursuing graduation in India or 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 (not necessary for loan requirement below ₹ 7.5 Lakh)
  • The loan amount required should be more than ₹1 Lakh

The candidates applying for Education Loan will receive 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
How can you apply?

  • 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

Apply Now

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