Buddy4Study-PNB International Education Loan Program

Buddy4Study-PNB Domestic Education Loan Program
December 27, 2023
The Period Fellowship 2024-26
December 28, 2023

Buddy4Study-PNB International 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.


  • Students must secure admission in courses as under:
    • Graduation: For job-oriented professional/technical courses offered by reputed universities.
    • Post graduation: MCA, MBA, MS, etc.
    • Courses conducted by CIMA- London, CPA in USA etc.
    • Courses as defined under various Government Subsidy Schemes
    • Degree/Diploma courses like aeronautical, pilot training, shipping etc. provided these are recognized by competent regulatory bodies in abroad for the purpose of employment in abroad.
  • Applicants must be resident Indians.
  • Applicants must have secured admission to a higher education course in recognized institutions abroad 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 and above, the interest rate is 11.25%. 
  2. The education loan includes fee payable to college/ school/ hostel, examination/library/laboratory fee, life 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, any other expense required to complete the course – like study tours, project work, thesis, etc. Personal living expense & two-wheeler cost.
  3. Education loans to students for pursuing Diploma and certificate courses other than aeronautical, pilot training, shipping, etc from abroad, may be considered, where the loan is backed by liquid security valuing 125% of loan amount in the shape of FDRs/ NSCs/ surrender value of Life Insurance Policies along with establishing the financial credentials of family members (either joint borrower or guarantor) subject to the condition that the said course(s) is recognized/ accredited one.


  • Admit letter from the college
  • Loan application form
  • Passport copy
  • Residence proof- Aadhar Card, Voter ID, etc.
  • Identity proof- PAN Card, Driving Licence, etc.
  • Scorecard of tests such as GRE, IELTS, GMAT, or TOEFL (whichever is applicable).
  • University ranking printout
  • Past academic certificates
  • 2 Passport size photos

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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