About
The Buddy4Study - Axis Bank Education Loan Program is a collaborative initiative between Axis Bank Limited and Buddy4Study, designed to provide financial assistance to Indian students pursuing higher education both in India and abroad. This program offers graduate and postgraduate students loan amounts up to INR 75 lakhs, featuring quick disbursal, flexible repayment options, and competitive interest rates for efficient loan management.
About Axis Bank
Axis Bank Limited is a prominent Indian banking and financial services institution headquartered in Mumbai, Maharashtra. As the third-largest private sector bank in India by assets and fourth-largest by market capitalization, Axis Bank delivers comprehensive financial solutions to large corporations, mid-sized enterprises, SMEs, and retail customers.
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Eligibility
- Must be an Indian citizen.
- Applicants should have a minimum of 50% marks in Class 12 or graduation.
- Open to students admitted to graduate or postgraduate programs such as Medicine, Engineering, and Management in India.
- Admission must be secured through an entrance exam or merit-based selection to a recognized institution in India or abroad after Class 12.
- A parent(s) or guardian (co-applicant) must have a consistent source of income.
Benefits
Education loans starting from INR 7.5 lakhs are available.
Note:
- Loans cover tuition, hostel fees, and the cost of books.
- Loan amounts are determined based on eligibility and specific needs, subject to approval.
Rate of interest - Repo rate: 6.50%
| Loan 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% |
Note: Repo rate is the rate at which the RBI lends to banks.
Documents Required
- Income statements (past two years' salary slips, Form-16, Income Tax Returns, income computation certified by a Chartered Accountant)
- Bank statements/passbooks for the last 6 months
- Copy of the admission letter and fee schedule from the educational institution
- Mark sheets and pass certificates for Class 10, Class 12, degree courses, and national entrance tests
- Age proof (birth certificate, passport, recent utility bills, ration card, existing lease agreement, bank account statement)
- Photo identification (Aadhaar card, Voter-ID, PAN Card, passport, driving license)
- Passport-sized photos of applicants and co-applicants
- Guarantor form (if applicable)
How to Apply
- Click the 'Apply Now' button.
-
Log in to Buddy4Study with your registered ID to access the online application form.
- If you're not registered, sign up on Buddy4Study using your Email/Mobile/Gmail account.
- You will be directed to the ‘Buddy4Study-Axis Bank Education Loan Program' application form.
- Click 'Start Application' to begin.
- Complete all required fields in the online form.
- Upload the necessary documents.
- Agree to the 'Terms and Conditions' and click 'Preview.'
- Review your entries for accuracy.
- Click ‘Submit’ to finalize your application.
Selection Criteria
N/A
Important Dates
Application start date: July 12, 2024
Application deadline: July 31, 2025
Terms & Conditions
Q&A
Contact Details
Phone: 011-430-92248 (Ext- 123), Email: eduloan@buddy4study.com