Buddy4Study-PNB Domestic Education Loan Program

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Buddy4Study-PNB Domestic Education Loan Program

Brief Description:

Buddy4Study – PNB Education Loan Program is a joint initiative offered by the Punjab National Bank and Buddy4Study to financially support Indian students for pursuing higher education in India or abroad. Under this programme, students, who are willing to pursue undergraduate and postgraduate courses, will be provided with a loan amount above INR 7.5 lakhs for education in India and abroad.\


  • Eligible students must secure admission in institutes as under:
    • Approved courses leading to Graduate/Post Graduate degree and PG Diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.
    • Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
    • Regular Degree/Diploma courses like Aeronautical, pilot training, shipping Nursing or any other discipline approved by Director General of Civil Aviation/Shipping/ Indian Nursing Council or any other regulatory body as the case may be.
    • Approved courses offered in India by reputed foreign universities.
    • Courses as defined under various Government Subsidy Schemes.
  • Applicants must be resident Indians.
  • Applicants must have secured admission to a higher education course in recognized institutions in India through an entrance test/merit-based selection process after completion of HSC (10 plus 2 or equivalent).


Loans up to and above INR 7.5 lakh


  1. For loans up to INR 7.5 lakh, the interest rate is 10.8%, and for loans above INR 7.5 lakh, the interest rate is 11.45%.
  2. The education loan includes fee payable to college/ school/ hostel, examination/library/laboratory fee, the insurance premium for student borrower (if applicable), caution deposit, building fund/refundable deposit supported by Institution bills/receipts, purchase of books/equipments/ instruments/ uniforms, purchase of computer at a reasonable cost if required for completion of the course, or any other expense required to complete the course – like study tours, project work, thesis, etc.


  • Loan application with passport-size photograph of applicant(s) and guarantors
  • Proof of age, residence proof, PAN no. of all the Applicant(s) and Guarantors
  • Proof of having passed the last qualifying examination.
  • Photocopy of Passport and visa in case of study abroad.
  • Letter of admission in professional, technical, or vocational courses.
  • Prospectus of the course depicting Admission, Exam. Fee, Hostel Charges, etc.
  • Documentary Evidence of the Assets and Liabilities of the Applicant(s) and Guarantors
  • In case, the loan is to be collaterally secured by mortgage of IP, Property Papers for Valuation
  • NEC from approved valuer/Lawyer of the Bank at the cost of the Borrower.
  • Any other document/ information, depending upon the case and purpose of the loan.
  • Bank statements of salary/Income account for the last 12 months in case the account is in another Bank

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 – PNB 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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