Education Loan for MBBS Abroad: Are you arranging funds to fulfill your child’s dream of being a doctor? If yes, then your kid is about to pursue an MBBS course in India or abroad. Getting a medical seat in a foreign medical college is not easy, so don’t lose the opportunity. Taking an education loan is the best funding choice a lot of students choose to study MBBS abroad.
students
Education Loan for MBBS Abroad
will
get
only
secured
education
loans
for
MBBS
- Immovable Property: They are houses, flats, agricultural land, and non-agricultural land. It is an asset that is physically visible. In this, the property value should be equivalent to or more than the total education loan amount.
- Liquid Assets: They are fixed deposits, life insurance policies, government bonds, etc accepted by the collateral security.
- Third-Party Assets: Here students don’t have any assets, so they put a third party’s assets as collateral security. This third party is not from the person’s immediate family.
courses
abroad
Public Banks
.
- State Bank of India
- Bank of Baroda
- Punjab National Bank
- Bank of India
- Union Bank of India
Private Banks
private
- HDFC
- ICICI
- Axis
- Kotak
- Indusland
NBFCs
lenders
- Avanse
- Credila
- Power Finance
- Indian Student Loan Program (ISLP)
- Global Student Loan Corporation (GSLC)
or
The following are the eligibility conditions for students to get a Study Abroad Education Loan to pursue MBBS courses abroad.
- The student’s academic performance should be excellent throughout their education. So, they shouldn’t have backlogs in their academic profile.
- The value of the collateral pledge taken as security for an education loan should be more than the actual education loan amount.
- To study MBBS courses in countries like China, and Ukraine, there are special rules for the education loan.
private
The list of documents needed for taking the Student Education Loan for MBBS abroad is here:
- Bank application form
- Passport size photographs
- Photo ID
- Residence proof
- Admission letter from the college
- Academic documents and scores from competitive exams
- Proof of income
- Last 6 months’ bank statements
- Proof of collateral
- Relevant technical and legal documents
banks
don’t
- Firstly, check whether your course and college are recognized by the bank or not.
- Check the different schemes that offer high loan amounts for less interest rates.
- After finalizing the loan amount and bank, fill out the application form.
- Attach the needed documents to the application and submit them to the bank.
- Get in touch with the advisor to know your loan status and when it can be approved.
offer
- Can I get an education loan for MBBS abroad?
unsecured
- Is it OK to take an education loan for MBBS?
education
- Can I get a 20 lakhs education loan without collateral to study abroad?
loans
- How can I get a 100% scholarship for MBBS abroad?
for
- Brunel Medical School International Scholarships
- Ibni Sina Medical Sciences Scholarship Program
- FoM Master’s Scholarships
- Anhui Medical University CSC Scholarship
- Rhodes Scholarship
- Harvard Medical School Scholarships
- Lester B Pearson Scholarships
MBBS
Obtaining an Education Loan for MBBS Abroad might be a difficult task. However, with the proper guidance, research and by taking the help of loan experts, it can be a simple process. Hoping that you got enough details for the loan approval. Stay in touch with our site to know more articles such as Student Loans for Studying Abroad , Education Loan for Studying MBBS in India.
