About the Scheme
Buddy4Study Education Loan Programme is an initiative of Buddy4Study in partnership with multiple education loan providers (Banks & NBFCs) in order to extend financial support to aspiring students who have secured admission into higher educational institutions located in India and 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. The rate of interest applicable under Buddy4Study Education Loan Programme starts from 8.1% depending on the categories of institutes and selection of courses. As a part of this education loan programme, students can avail the benefits of customised repayment plans, flexible tenures including income tax benefits that will help them finance their academic dreams without worries. *Conditions Apply
At a Glance
At a GlanceInternational scheme for the 2026 academic year. Partially funded; applications are online only.
- Loan
- Undergraduate
- Postgraduate
Eligibility Criteria
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.
Admissions & Course Track
Postgraduate, Professional courses and Undergraduate students studying Engineering & Technology.
Nationality
Open to applicants of any nationality.
Annual Family Income Threshold
Gross annual family income must not exceed ₹7,50,000 (₹7.5 lakh) per annum.
Award Benefits & Structure
The award is paid once a year.
Collateral free loan of up to ₹40 Lakh per year
Annual payment, partially funded.
- Tuition
- Full tuition
- Travel
- Round-trip airfare
Additional Benefits
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.)
Mandatory Document Checklist
Keep clear scanned copies of these ready before you begin your application.
- Essential
Passport
A valid passport — scan the bio-data page.
- Essential
Aadhaar Card
The applicant's own Aadhaar card.
- Essential
Admission Letter
Current-year admission or allotment letter from your institution.
Selection Procedure & Key Timeline
Application Registration Opens
The online application opens.
Application Deadline
(Active)Last day to submit your application and supporting documents.
How to Apply
Applications for this scheme are online. Follow these steps in order.
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.
Frequently Asked Questions
The Study in India (Domestic) Education Loan - UG & PG is a international scholarship offered by Buddy4Study Education Loan for the 2026 academic year. Class 12 passed, graduation students (all years)
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.
The award is Collateral free loan of up to ₹40 Lakh per year. It is partially funded.
Applications open on 28 June 2023. The last date to apply is 31 October 2026.
You need Passport, Aadhaar Card and Admission Letter.
Applications are online. 1. Click the ‘Apply Now’ button below. 2. Login to Buddy4Study with your registered ID and land onto the ‘Application Form Page’. 3. If not registered on Buddy4Study - Register at Buddy4Study with your Email/Mobile/Gmail account. 4. You will now be redirected to the ‘Buddy4Study Education Loan programme’ application form page. 5. Click on the ‘Start Application’ button to begin the application process. 6. Fill the required details in the online application form. 7. Upload relevant documents. 8. Accept the ‘Terms and Conditions’ and click on ‘Preview’. 9. 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.
