{"id":14390,"date":"2024-08-07T13:02:36","date_gmt":"2024-08-07T07:32:36","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14390"},"modified":"2025-02-27T16:41:18","modified_gmt":"2025-02-27T11:11:18","slug":"education-loan-for-medical-courses","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/","title":{"rendered":"Education Loan for Medical Courses Abroad"},"content":{"rendered":"\n<p>Education loans for medical courses can be availed easily from any public or private sector bank in India. Considering the high expenses of MBBS, MD, and MS, aspiring students often secure funds from leading banks like ICICI Bank and Union Bank of India. They offer personalised education loans under various schemes to provide the necessary financial assistance of up to 3 crores at competitive interest rates. Their hassle-free application process makes it smooth to avail of education loans for medical courses abroad. To know more details about the education loan for medical courses abroad, continue reading further.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-education-loan-for-medical\" data-level=\"2\">Education Loan for Medical<\/a><\/li><li><a href=\"#h-popular-banks-for-education-loans-for-medical-courses\" data-level=\"2\">Popular Banks for Education Loans for Medical Courses<\/a><ul><li><a href=\"#h-icici-bank\" data-level=\"3\">ICICI Bank<\/a><\/li><li><a href=\"#h-bank-of-baroda\" data-level=\"3\">Bank of Baroda<\/a><\/li><li><a href=\"#h-union-bank-of-india\" data-level=\"3\">Union Bank of India<\/a><\/li><li><a href=\"#h-state-bank-of-india\" data-level=\"3\">State Bank of India<\/a><\/li><li><a href=\"#h-central-bank-of-india\" data-level=\"3\">Central Bank of India<\/a><\/li><\/ul><\/li><li><a href=\"#h-list-of-approved-universities-for-education-loans-for-medical-courses-abroad\" data-level=\"2\">List of Approved Universities for Education Loans for Medical Courses Abroad<\/a><\/li><li><a href=\"#h-eligibility-criteria-for-education-loan-for-medical-courses\" data-level=\"2\">Eligibility Criteria for Education Loan for Medical Courses<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-education-loan-for-medical\"><span id=\"education-loan-for-medical\">Education Loan for Medical<\/span><\/h2>\n\n\n\n<p>Aspiring students can easily secure <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs\/\"><strong>education loans for MBBS<\/strong><\/a> and other medical courses abroad. Various types of expenses like tuition fees, living expenses, food, travel, books, equipment, etc. make it easier for students to pursue higher studies without worrying about financial burdens.<\/p>\n\n\n\n<p>Dedicated education loan schemes by Union Bank of India, Bank of Baroda, State Bank of India, Central Bank of India, ICICI Bank, etc offer feasible education loans for medical courses. Their simple online application process and minimal documentation let you avail of loans smoothly.<\/p>\n\n\n\n<p>Interest rates on education loans for medical courses usually start from 9.25% onwards. However, the effective rate of interest may vary based on the university chosen, the collateral offered, and the credit score of the applicant.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Maximum Loan Amount<\/strong><\/td><td>Up to INR 3 crores<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>9.25% p.a onwards<\/td><\/tr><tr><td><strong>Repayment Tenure<\/strong><\/td><td>Up to 15 years<\/td><\/tr><tr><td><strong>Popular Banks<\/strong><\/td><td>State Bank of India, ICICI Bank, Union Bank of India, Central Bank of India, etc.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning to pursue MBBS? Check out the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs-in-russia\/\"><strong>education loans for MBBS from Russia<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-popular-banks-for-education-loans-for-medical-courses\"><span id=\"popular-banks-for-education-loans-for-medical-courses\">Popular Banks for Education Loans for Medical Courses<\/span><\/h2>\n\n\n\n<p>Many leading banks and NBFCs understand the need for financial assistance to pursue higher education. Subsequently, they offer personalised education loans for medical courses at competitive interest rates. Banks like HDFC and Axis Bank and NBFCs like Avanse, Prodigy Finance, and InCred offer need-based financing. It means that you can avail of student loans for medical without any upper limit by pledging a collateral of an equivalent amount.<\/p>\n\n\n\n<p>ICICI and Axis Bank offer unsecured education loans up to INR 1 crore to pursue medical studies abroad. However, interest rates on collateral-free loans as usually higher compared to secured loans for medical courses. Check out the list of 5 popular banks offering education loans for medical courses-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-icici-bank\"><span id=\"icici-bank\">ICICI Bank<\/span><\/h3>\n\n\n\n<p>One of the top banks in India, ICICI Bank offers higher loan amounts for medical studies abroad and in India. Special offers and benefits are available to CXOs, government employees, and employees with work experience of a minimum of 2 years.&nbsp;<\/p>\n\n\n\n<p>You can apply for these loans online via their website and avoid branch visits. From application to approvals, their digital platform makes your journey of securing a student loan for medical hassle-free and smooth. No margin is required for premier institutes, however, you may be required to contribute 5-15% for other category institutions.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 3 crores abroad<br>Offers unsecured loans up to INR 1 crore for premier institutes<\/td><\/tr><tr><td>Interest Rates<\/td><td>Up to 15% based on the course and loan amount<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 10\/12 years for UG medical courses<br>Up to 12\/14 years for PG medical courses<\/td><\/tr><tr><td>Moratorium Period<\/td><td>Course Duration + 12 months<\/td><\/tr><tr><td>How to Apply<\/td><td>Visit the nearest branch for the offline application process and apply through the official website for the online loan process<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bank-of-baroda\"><span id=\"bank-of-baroda\">Bank of Baroda<\/span><\/h3>\n\n\n\n<p>Bank of Baroda offers up to INR 1.25 crores of education loans for medical courses under the <em>Baroda Gyan<\/em> (India) and <em>Baroda Scholar <\/em>(Abroad) scheme. Students of Indian nationality, NRI (Non-Resident Indian), PIO (Person of Indian origin), and OCI (Overseas Citizen of India) who have secured confirmed admission can easily apply for loans online and offline.<\/p>\n\n\n\n<p>No security and processing charges are required for loans up to INR 7.5 lakhs. There are no documentation charges as well. Interest rates start from 9.70% onwards and a special rate of Interest is offered for Children of defence personnel under <a href=\"https:\/\/fly.finance\/blog\/education-loan\/baroda-yoddha-education-loan\/\"><strong>Baroda Yodha Education Loan Scheme<\/strong><\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 1.5 crores abroad<\/td><\/tr><tr><td>Interest Rates<\/td><td>9.70% to 13.05% based on country, loan amount, and education loan scheme<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 15 years<\/td><\/tr><tr><td>How to Apply<\/td><td>Visit the nearest branch for the offline application process and apply through the official website or Vidya Lakshmi Portal for the online loan process<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-union-bank-of-india\"><span id=\"union-bank-of-india\">Union Bank of India<\/span><\/h3>\n\n\n\n<p>Union Bank of India offers specialised education loans for medical courses under its Special Union Education Loan Scheme for Abroad Studies (Union Education Premier Abroad). You can avail up to INR 1.5 crores of loans at <a href=\"https:\/\/fly.finance\/blog\/full-form\/eblr-full-form\/\"><strong>EBLR (External Benchmark linked Lending Rate)<\/strong><\/a> based interest rates.<\/p>\n\n\n\n<p>Processing charges of INR 10,000 + GST on loans up to INR 40 lakhs. If the loan amount is more than INR 40 lakhs, then INR 20,000 + GST are applicable on Union Bank education loans for medical courses.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 1.5 crores abroad<\/td><\/tr><tr><td>Interest Rates<\/td><td>9.25% p.a to 9.75% p.a<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 15 years<\/td><\/tr><tr><td>How to Apply<\/td><td>Visit the nearest branch for the offline application process and apply through the official website or Vidya Lakshmi Portal for the online loan process<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-state-bank-of-india\"><span id=\"state-bank-of-india\">State Bank of India<\/span><\/h3>\n\n\n\n<p>SBI&#8217;s <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-global-ed-vantage-education-loan\/\"><strong>Global Ed-vantage<\/strong><\/a> is a popular choice for students seeking financial support for their medical studies abroad, including MBBS, MD and MS. The bank offers up to INR 1.5 crores to cover tuition fees, living expenses, and other educational costs. Interest rates currently stand at a floating rate of 11.15%.&nbsp;<\/p>\n\n\n\n<p>You can easily repay the loan with a flexible repayment period of up to 15 years. You must submit a one-time processing fee of INR 10,000 is applicable.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 1.5 crores abroad<\/td><\/tr><tr><td>Interest Rates<\/td><td>11.15% p.a onwards<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 15 years<\/td><\/tr><tr><td>How to Apply<\/td><td>Visit the nearest branch for the offline application process and apply through the official website or Vidya Lakshmi Portal for the online loan process<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-central-bank-of-india\"><span id=\"central-bank-of-india\">Central Bank of India<\/span><\/h3>\n\n\n\n<p>Central Bank of India offers financial support via education loans for medical courses abroad through its <a href=\"https:\/\/fly.finance\/blog\/education-loan\/cent-vidyarthi-loan-scheme\/\"><strong>Cent Vidyarthi loan scheme<\/strong><\/a>. This scheme provides loans of up to INR 2 crores to cover tuition fees and other expenses. Preferential rates for female students start at 8.10% p.a. and 8.60% p.a for male students.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 2 crores abroad<\/td><\/tr><tr><td>Interest Rates<\/td><td>11.15% p.a onwards<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 15 years<\/td><\/tr><tr><td>How to Apply<\/td><td>Visit the nearest branch for the offline application process and apply through the official website or Vidya Lakshmi Portal for the online loan process<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-list-of-approved-universities-for-education-loans-for-medical-courses-abroad\"><span id=\"list-of-approved-universities-for-education-loans-for-medical-courses-abroad\">List of Approved Universities for Education Loans for Medical Courses Abroad<\/span><\/h2>\n\n\n\n<p>The bank\u2019s official website states the definitive list of approved universities for education loans for medical courses abroad. Most of them prioritise the university\u2019s recognition and reputation when approving student loans for medical studies abroad.<\/p>\n\n\n\n<p>It&#8217;s essential to check with your chosen lender for their specific list of approved universities. Factors like the lender&#8217;s tie-ups, changes in policies, and the university&#8217;s standing can influence eligibility.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>University Name<\/strong><\/td><td><strong>Country<\/strong><\/td><\/tr><tr><td>Harvard University<\/td><td>USA<\/td><\/tr><tr><td>Stanford University<\/td><td>USA<\/td><\/tr><tr><td>Massachusetts Institute of Technology<\/td><td>USA<\/td><\/tr><tr><td>University of California Berkeley<\/td><td>USA<\/td><\/tr><tr><td>University of Oxford<\/td><td>UK<\/td><\/tr><tr><td>University of Michigan<\/td><td>USA<\/td><\/tr><tr><td>University of Washington<\/td><td>USA<\/td><\/tr><tr><td>Cornell University<\/td><td>USA<\/td><\/tr><tr><td>Columbia University New York<\/td><td>USA<\/td><\/tr><tr><td>Johns Hopkins University<\/td><td>USA<\/td><\/tr><tr><td>University of Pennsylvania<\/td><td>USA<\/td><\/tr><tr><td>University of Cambridge<\/td><td>UK<\/td><\/tr><tr><td>University of California Los Angeles UCLA<\/td><td>USA<\/td><\/tr><tr><td>Yale University<\/td><td>USA<\/td><\/tr><tr><td>UCL University College London<\/td><td>UK<\/td><\/tr><tr><td>University of Toronto<\/td><td>Canada<\/td><\/tr><tr><td>University of California San Diego<\/td><td>USA<\/td><\/tr><tr><td>University of Minnesota System<\/td><td>USA<\/td><\/tr><tr><td>University of Wisconsin Madison<\/td><td>USA<\/td><\/tr><tr><td>Duke University<\/td><td>USA<\/td><\/tr><tr><td>Northwestern University<\/td><td>USA<\/td><\/tr><tr><td>New York University<\/td><td>USA<\/td><\/tr><tr><td>Tsinghua University<\/td><td>China<\/td><\/tr><tr><td>University of Texas Austin<\/td><td>USA<\/td><\/tr><tr><td>Princeton University<\/td><td>USA<\/td><\/tr><tr><td>University of British Columbia<\/td><td>Canada<\/td><\/tr><tr><td>University of North Carolina Chapel Hill<\/td><td>USA<\/td><\/tr><tr><td>University of Chicago<\/td><td>USA<\/td><\/tr><tr><td>University of Southern California<\/td><td>USA<\/td><\/tr><tr><td>Peking University<\/td><td>China<\/td><\/tr><tr><td>University of Illinois Urbana Champaign<\/td><td>USA<\/td><\/tr><tr><td>Imperial College London<\/td><td>UK<\/td><\/tr><tr><td>University of Florida<\/td><td>USA<\/td><\/tr><tr><td>Ohio State University<\/td><td>USA<\/td><\/tr><tr><td>University of California Davis<\/td><td>USA<\/td><\/tr><tr><td>University of California Irvine<\/td><td>USA<\/td><\/tr><tr><td>University of Melbourne<\/td><td>Australia<\/td><\/tr><tr><td>University of New South Wales<\/td><td>Australia<\/td><\/tr><tr><td>Washington University Saint Louis<\/td><td>USA<\/td><\/tr><tr><td>University of Edinburgh<\/td><td>UK<\/td><\/tr><tr><td>Purdue University<\/td><td>USA<\/td><\/tr><tr><td>University of Pittsburgh<\/td><td>USA<\/td><\/tr><tr><td>National University of Singapore<\/td><td>Singapore<\/td><\/tr><tr><td>University of Sydney<\/td><td>Australia<\/td><\/tr><tr><td>University of Queensland<\/td><td>Australia<\/td><\/tr><tr><td>Boston University<\/td><td>USA<\/td><\/tr><tr><td>Monash University<\/td><td>Australia<\/td><\/tr><tr><td>Vanderbilt University<\/td><td>USA<\/td><\/tr><tr><td>McGill University<\/td><td>Canada<\/td><\/tr><tr><td>University of Manchester<\/td><td>UK<\/td><\/tr><tr><td>University of Virginia<\/td><td>USA<\/td><\/tr><tr><td>Utrecht University<\/td><td>Netherland<\/td><\/tr><tr><td>University of Tokyo<\/td><td>Japan<\/td><\/tr><tr><td>King&#8217;s College London<\/td><td>UK<\/td><\/tr><tr><td>University of Alberta<\/td><td>Canada<\/td><\/tr><tr><td>Emory University<\/td><td>USA<\/td><\/tr><tr><td>University of Amsterdam<\/td><td>Netherland<\/td><\/tr><tr><td>University of Copenhagen<\/td><td>Denmark<\/td><\/tr><tr><td>University of Hong Kong<\/td><td>Hong Kong<\/td><\/tr><tr><td>Katholieke Universiteit Leuven (KU Leauven)<\/td><td>Belgium<\/td><\/tr><tr><td>Australian National University<\/td><td>Australia<\/td><\/tr><tr><td>Brown University<\/td><td>USA<\/td><\/tr><tr><td>Chinese University of Hong Kong<\/td><td>Hong Kong<\/td><\/tr><tr><td>University of Groningen<\/td><td>Netherland<\/td><\/tr><tr><td>Universit\u00e4t Z\u00fcrich<\/td><td>Switzerland<\/td><\/tr><tr><td>University of Calgary<\/td><td>Canada<\/td><\/tr><tr><td>Delft University of Technology TU Delft<\/td><td>Netherland<\/td><\/tr><tr><td>University of Adelaide<\/td><td>Australia<\/td><\/tr><tr><td>University of Illinois Chicago<\/td><td>USA<\/td><\/tr><tr><td>Kyoto University<\/td><td>Japan<\/td><\/tr><tr><td>Ghent University \/ Universiteit Gent<\/td><td>Belgium<\/td><\/tr><tr><td>Lowa State University<\/td><td>USA<\/td><\/tr><tr><td>University of Nottingham<\/td><td>UK<\/td><\/tr><tr><td>Aarhus University \/ Aarhus Universitet<\/td><td>Denmark<\/td><\/tr><tr><td>Ruprecht Karls Universit\u00e4t Heidelberg<\/td><td>Germany<\/td><\/tr><tr><td>University of Maryland Baltimore<\/td><td>USA<\/td><\/tr><tr><td>Universit\u00e0 di Bologna (Universit\u00e0 degli Studi di Bologna)<\/td><td>Italy<\/td><\/tr><tr><td>Tufts University<\/td><td>USA<\/td><\/tr><tr><td>University of Warwick<\/td><td>UK<\/td><\/tr><tr><td>City University of New York<\/td><td>USA<\/td><\/tr><tr><td>Bristol University<\/td><td>UK<\/td><\/tr><tr><td>Oregon State University<\/td><td>USA<\/td><\/tr><tr><td>University of Western Australia<\/td><td>Australia<\/td><\/tr><tr><td>University of Georgia<\/td><td>USA<\/td><\/tr><tr><td>University of South Florida<\/td><td>USA<\/td><\/tr><tr><td>Universit\u00e0 degli Studi di Roma La Sapienza<\/td><td>Italy<\/td><\/tr><tr><td>University of Sheffield<\/td><td>UK<\/td><\/tr><tr><td>University of Hawaii System<\/td><td>USA<\/td><\/tr><tr><td>Uppsala University \/ Uppsala Universitet<\/td><td>Sweden<\/td><\/tr><tr><td>University of Miami<\/td><td>USA<\/td><\/tr><tr><td>VU University of Amsterdam\/ Vrije Universiteit Amsterdam<\/td><td>Netherland<\/td><\/tr><tr><td>University at Buffalo<\/td><td>USA<\/td><\/tr><tr><td>Newcastle University Newcastle upon Tyne<\/td><td>UK<\/td><\/tr><tr><td>Florida State University<\/td><td>USA<\/td><\/tr><tr><td>London School of Economics and Political Science<\/td><td>UK<\/td><\/tr><tr><td>Dartmouth College<\/td><td>USA<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: A career in education from the UK is a great option. Check out the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-masters-in-education-in-the-uk\/\"><strong>education loans for a Master\u2019s in Education in the UK<\/strong><\/a><strong> to cover the study abroad expenses.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-education-loan-for-medical-courses\"><span id=\"eligibility-criteria-for-education-loan-for-medical-courses\">Eligibility Criteria for Education Loan for Medical Courses<\/span><\/h2>\n\n\n\n<p>To be eligible for an education loan to pursue medical studies, both in India and abroad, you generally need to meet the following criteria. Meeting these basic requirements increases your chances of securing an education loan to support your medical studies. Check out the basic eligibility criteria to avail of student loans for medical courses-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Indian Citizenship:<\/strong> Most lenders require the applicant to be an Indian citizen.<\/li>\n\n\n\n<li><strong>Age Limit:<\/strong> Typically between 18 and 35 years old.<\/li>\n\n\n\n<li><strong>Academic Record:<\/strong> A strong academic background, including qualifying exams like NEET for medical courses.<\/li>\n\n\n\n<li><strong>Admission:<\/strong> Secured admission to a recognized medical institution.<\/li>\n\n\n\n<li><strong>Co-applicant:<\/strong> A financially stable co-applicant is often required.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong> Depending on the loan amount, collateral might be necessary.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>To apply for an education loan, you&#8217;ll need to provide the following documents. While the exact list of documents might vary depending on the lender and the type of loan, it&#8217;s essential to check with the specific bank or NBFC for their requirements. Here\u2019s the list of basic documents required to apply for an education loan for medical courses-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal Identification:<\/strong> Aadhaar card, PAN card, passport-sized photographs.<\/li>\n\n\n\n<li><strong>Academic Records:<\/strong> Mark sheets of previous qualifications (10th, 12th, graduation).<\/li>\n\n\n\n<li><strong>Admission Proof:<\/strong> Admission letter and fee structure from the university.<\/li>\n\n\n\n<li><strong>Financial Information:<\/strong> Income proof of the co-applicant (salary slips, ITR, bank statements).<\/li>\n\n\n\n<li><strong>Additional Documents:<\/strong> This may include residence proof, guarantor details, and other specific requirements of the lender.<\/li>\n<\/ul>\n\n\n\n<p>This was all about education loans for medical courses. To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1723015318051\"><strong class=\"schema-faq-question\"><strong>Can I get an education loan for medical abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. Considering the high expenses of MBBS, MD, and MS, aspiring students often secure funds from leading banks like ICICI Bank and Union Bank of India. They offer personalised education loans to provide the necessary financial assistance of up to 3 crores at competitive interest rates.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723015328970\"><strong class=\"schema-faq-question\"><strong>Can I get a 60 lakh education loan for medical courses?<\/strong><\/strong> <p class=\"schema-faq-answer\">The maximum loan amount you can get depends on factors like your needs, requirements, credit history, and university chosen. Financial institutions offer education loans for medical courses up to INR 3 crores to study abroad and up to INR 1.5 crores for domestic studies.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723015337495\"><strong class=\"schema-faq-question\"><strong>What is the interest rate on education loans for medical courses abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Interest rates on education loans for medical courses usually start from 9.25% onwards. However, the effective rate of interest may vary based on the university chosen, the collateral offered, and the credit score of the applicant.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723015346228\"><strong class=\"schema-faq-question\"><strong>Can I get a 100% education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. With most private banks and NBFCs, you can get an education loan that covers 100% of your costs, including tuition fees and living expenses. However, with public banks, you may be required to contribute 5-15% of the margin towards the loan amount.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723015389932\"><strong class=\"schema-faq-question\"><strong>Which are approved universities for education loans for medical courses abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Some of the popular approved universities for education loans for medical courses abroad are Oxford University, Cambridge University, Harvard University, University of Western Australia, University of Toronto, and many more. Check this blog for the full list.<\/p> <\/div> <\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan-interest-rate\/\"><strong>Karnataka Bank Education Loan Interest Rates<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-happens-to-the-education-loan-if-the-borrower-dies\/\"><strong>What Happens to Education Loan if the Borrower Dies?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-mba-in-usa\/\"><strong>Education Loan for MBA in the USA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-pilot-training\/\"><strong>Education Loan for Pilot Training<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-against-mutual-funds\/\"><strong>Education Loan against Mutual Funds<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-extension-letter\/\"><strong>Education Loan Extension Letter to Bank<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-fixed-deposit\/\"><strong>Education Loan against Fixed Deposits<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-ms-in-usa\/\"><strong>Education Loan for MS in the USA<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-after-12th\/\"><strong>Education Loan after 12th<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-online-degree\/\"><strong>Education Loan for Online Degree<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Education loans for medical courses can be availed easily from any public or private sector bank in India. Considering the high expenses of MBBS, MD, and MS, aspiring students often secure funds from leading banks like ICICI Bank and Union Bank of India. They offer personalised education loans under various schemes to provide the necessary &#8230; <a title=\"Education Loan for Medical Courses Abroad\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/\" aria-label=\"Read more about Education Loan for Medical Courses Abroad\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":14402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Education Loan for Medical Courses Abroad<\/title>\n<meta name=\"description\" content=\"Check here all about education loans for medical courses abroad. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015318051","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015318051","name":"Can I get an education loan for medical abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. Considering the high expenses of MBBS, MD, and MS, aspiring students often secure funds from leading banks like ICICI Bank and Union Bank of India. They offer personalised education loans to provide the necessary financial assistance of up to 3 crores at competitive interest rates.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015328970","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015328970","name":"Can I get a 60 lakh education loan for medical courses?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The maximum loan amount you can get depends on factors like your needs, requirements, credit history, and university chosen. Financial institutions offer education loans for medical courses up to INR 3 crores to study abroad and up to INR 1.5 crores for domestic studies.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015337495","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015337495","name":"What is the interest rate on education loans for medical courses abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Interest rates on education loans for medical courses usually start from 9.25% onwards. However, the effective rate of interest may vary based on the university chosen, the collateral offered, and the credit score of the applicant.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015346228","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015346228","name":"Can I get a 100% education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. With most private banks and NBFCs, you can get an education loan that covers 100% of your costs, including tuition fees and living expenses. However, with public banks, you may be required to contribute 5-15% of the margin towards the loan amount.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015389932","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/#faq-question-1723015389932","name":"Which are approved universities for education loans for medical courses abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Some of the popular approved universities for education loans for medical courses abroad are Oxford University, Cambridge University, Harvard University, University of Western Australia, University of Toronto, and many more. Check this blog for the full list.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14390"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14390\/revisions"}],"predecessor-version":[{"id":17895,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14390\/revisions\/17895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14402"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}