IDFC FIRST Bank Education Loan Programme 2023

IDFC FIRST Bank Education Loan Programme to provide financial backing to aspiring students who have secured admission into higher educational institutions in India or abroad.

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 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

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

Documents Required

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 mark sheets | For PG courses, graduation final year mark sheet also required)
Fee structure document

How to Apply?

Candidates can apply online only

Last Date: June 30, 2023

For more details, please visit: buddy4study.com/page/buddy4study-idfc-first-bank-education-loan-programme?ref=HomePageBanner