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IDFC FIRST Bank Education Loan

Views:- 14 |Last Date:- 11-07-2023

Deadline 30-Jun-2023
Destination:-IDFC FIRST Bank

Eligibility

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

Benefits:

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 1 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.)

Documents

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.

If not registered on Buddy4Study - Register at Buddy4Study with your Email/Mobile/Gmail account.

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.