Buddy4Study Education Loan Programme

Buddy4Study-Axis Bank Domestic Education Loan Program


  • Applicant and co-applicant should be over 18 years of age and citizen of India.
  • Students must have secured 50% and above during Class 12 or graduation.
  • Students must have obtained admission to courses like Medicine, Engineering, Management, etc, either at the graduate or postgraduate levels in India.
  • Must have secured admission in India or abroad from a recognised college/education institution through entrance test/merit-based selection process after passing Class 12.
  • Co-applicant, that is, parent(s) or guardian need to have a regular source of income.

Education loans starting from INR 50,000 up to INR 75 lakhs


  • The loans will cover tuition fees, hostel charges, cost of books, etc.
  • The quantum of education loans can be determined, subject to eligibility and cost, for case-to-case approval.

Rate of interest- Repo rate: 6.50 %

Loans Amount Effective ROI (Linked Repo Rate)
Up to INR 4 lakhs 15.20 %
Greater than INR 4 lakhs and up to INR 7.5 lakhs 14.70 %
Loans greater than INR 7.5 lakhs 13.70 %

NoteRepo rate is the interest rate at which the RBI lends to banks in the country.


  • Income statements (Salary slip, Form-16, Income Tax Returns of the last two years, computation of income of last 2 years, certified by Chartered Accountant)
  • Bank statement/passbook of the last 6 months
  • Copy of the admission letter of the institute along with the fee schedule
  • Mark sheets and/or pass certificates of Class 10, Class 12, Degree courses, National level entrance test
  • Age proof (birth certificate, passport, latest electricity bills, ration card, existing house lease agreement, bank account statement
  • Photo-identification proofs (Aadhaar card, Voter-ID, PAN Card, passport, and driving license
  • Passport-size photographs of applicants and co-applicants
  • Guarantor form (optional)
How can you apply?

  • Click on the Apply Now
  • Login to Buddy4Study using a registered ID to land on the ‘Online 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-Axis Bank Education Loan Program’ application form page.
  • Click on the ‘Start Application’ button to begin the application process.
  • Fill in the required details in the online application form.
  • Upload the required documents.
  • Accept the ‘Terms and Conditions’ and click on ‘Preview.’
  • Review the preview screen to ensure that all the filled-in details are correct.
  • If all the details appear correctly on the preview screen, click on the ‘Submit’ button to complete the application process.

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