{"id":6398,"date":"2023-07-19T12:57:39","date_gmt":"2023-07-19T07:27:39","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=6398"},"modified":"2023-07-19T12:57:40","modified_gmt":"2023-07-19T07:27:40","slug":"study-abroad-loans-education-loan-for-mbbs-from-foreign-universities-news-2023-07","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-mbbs-from-foreign-universities-news-2023-07\/","title":{"rendered":"Study Abroad Loans: Education Loan for MBBS from Foreign Universities"},"content":{"rendered":"\n<p>Public sector banks like State Bank of India, <a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-overseas-education-loan\/\"><strong>Punjab National Bank<\/strong><\/a>, and Bank of Baroda are top lenders of <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs\/\"><strong>education loan for MBBS <\/strong><\/a>abroad. These banks provide these loans at a lesser interest rate than private banks. The interest rate of the nationalised banks&#8217; education loans ranges between 8% to 10%.&nbsp;<\/p>\n\n\n\n<p>To avail of these loans, a student must be an Indian national. Additionally, the applicant must have been admitted to a recognised university in a foreign land. Furthermore, the candidate must have a good academic record and have collateral security papers. Finally, a good <a href=\"https:\/\/fly.finance\/blog\/student-account\/how-to-increase-cibil-score\/\"><strong>CIBIL score<\/strong><\/a> of the applicant and co-applicant is a requisite for availing of <a href=\"https:\/\/leverageedu.com\/blog\/loans-to-study-abroad\/\"><strong>study abroad loans<\/strong><\/a> for MBBS.<\/p>\n\n\n\n<p>&nbsp;After checking out the eligibility criteria, <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad<\/strong><\/a> students can get approvals from their respective lenders. <a href=\"https:\/\/fly.finance\/blog\/student-account\/list-of-nationalised-banks-in-india\/\"><strong>Nationalised banks in India<\/strong><\/a> always verify the documents and approve loans accordingly.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/VkISSVcuGiu-tS-Z93xBkJ9HPTobnvyRm3YIkI9lagaxk8QGuOSWb_gX7Jfpx05y_gtJ9Jb5_c9x7PjCC0JHGviLJEKCPaYSytmnsS9HO0P3TFWf7_Uk_1otZhhQfpplipbDNnQWsTBl9YzIPtHrQvA\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-education-loan-for-mbbs-abroad\"><span id=\"top-education-loan-for-mbbs-abroad\">Top Education Loan for MBBS Abroad<\/span><\/h2>\n\n\n\n<p>An Indian student aspiring to <a href=\"https:\/\/leverageedu.com\/blog\/mbbs-from-abroad\/\"><strong>study medicine abroad<\/strong><\/a> can reach out to Fly Finance to avail of an education loan for MBBS. They can calculate monthly payments via the Fly <a href=\"https:\/\/fly.finance\/emi-calculator\"><strong>education loan EMI calculator<\/strong><\/a> and apply to top banks like SBI and PNB.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sbi-global-ed-vantage-scheme\"><span id=\"sbi-global-ed-vantage-scheme\">SBI Global Ed-Vantage Scheme<\/span><\/h3>\n\n\n\n<p>This scheme enables individuals aspiring to pursue higher education overseas to avail of loans through SBI. The scheme encompasses a wide range of courses in fields such as science, technology, education, <a href=\"https:\/\/leverageedu.com\/blog\/branches-of-mathematics\/\"><strong>mathematics<\/strong><\/a>, management, and medicine. Students can seek financial assistance for studies in renowned institutions located in the <a href=\"https:\/\/leverageedu.com\/study-locations\/study-in-usa\"><strong>United States of America<\/strong><\/a>, <a href=\"https:\/\/leverageedu.com\/study-locations\/study-in-uk\"><strong>United Kingdom<\/strong><\/a>, Australia, <a href=\"https:\/\/leverageedu.com\/study-locations\/study-in-canada\"><strong>Canada<\/strong><\/a>, Europe, Japan, Singapore, and Hong Kong.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/CahM4QeZxjITsRcXibbTD-YyVEdu7hw4MV1mAxLv_bvVhJ4cpo9Ua2V3c5ny-QrEBKqH2o8A8pjJvAV9rETmCUzO_gptHHLnzh7RG982zZ5Or1MrAUZ9ioa8N9bjVrPA8r4B39C8zbDOEBvrWz3g-rE\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"h-pnb-udaan\"><span id=\"pnb-udaan\">PNB Udaan<\/span><\/h3>\n\n\n\n<p>It is a specialized loan scheme offered by Punjab National Bank (PNB) in India to support students pursuing higher education. The scheme provides financial assistance for various educational courses, including professional, technical, and <a href=\"https:\/\/leverageedu.com\/blog\/vocational-courses-after-12th\/\"><strong>vocational programs<\/strong><\/a>, both in India and abroad. With competitive interest rates and flexible repayment options, the PNB Udaan Education Loan aims to make quality education accessible to deserving students, enabling them to achieve their academic aspirations and build a successful future.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/jVEBquzNintlWAjw9IY8syzqh_srMPE_DJnrsORPM3Of_TU9mVC-WOfnuTmHDWb2aGlVdQ7WEWQXU6saUzbBXhV9UISz_0aa_mADe4Iv4_L8BsSkYGP5tDOOUSpBM-MKhDDFIrPVhH1waSgbCo4PUlc\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-types-of-collateral-security-for-education-loan-for-mbbs-abroad\"><span id=\"types-of-collateral-security-for-education-loan-for-mbbs-abroad\">Types of Collateral Security for Education Loan for MBBS Abroad<\/span><\/h2>\n\n\n\n<p>There are two primary categories of collateral securities: tangible security and intangible security. A student has to furnish these to avail of an education loan for MBBS.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tangible Collateral Security: <\/strong>This refers to collaterals consisting of physical properties like land, houses, apartments, shops, etc.<\/li>\n\n\n\n<li><strong>Intangible Collateral Security:<\/strong> This refers to collateral securities involving liquid assets such as fixed deposits, life insurance policies, and government bonds.<\/li>\n<\/ul>\n\n\n\n<p>Stay in tune with Fly Finance News Desk to get regular updates on study abroad loans and international money transfers.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBI and PNB offer best options for a student seeking education loan for MBBS abroad. A student can get these loans at 8% to 10% from banks.<\/p>\n","protected":false},"author":5,"featured_media":6401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-6398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"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>Study Abroad Loans: Education Loan for MBBS from Foreign Universities | Fly Finance<\/title>\n<meta name=\"description\" content=\"SBI and PNB offer best options for a student seeking education loan for MBBS abroad. 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A student can get these loans at 8% to 10% from banks.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-mbbs-from-foreign-universities-news-2023-07\/","og_locale":"en_US","og_type":"article","og_title":"Study Abroad Loans: Education Loan for MBBS from Foreign Universities","og_description":"SBI and PNB offer best options for a student seeking education loan for MBBS abroad. 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