Buddy4Study IDFC FIRST Bank Education Loan Programme

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

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 3 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.)


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
How can you apply?

  • Click the Apply Now button below.
  • 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.

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