Education Loan for MBBS Abroad — Banks, Eligibility & Process

How to get education loan for MBBS abroad at UV Gullas: SBI, Bank of Baroda, Canara Bank — eligibility and process.

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✅ Education Loan Available

Indian nationalised banks offer education loans up to ₹30–40 lakhs for MBBS abroad at NMC-approved colleges. UV Gullas qualifies. Interest rates: 8.5–11% per annum.

Banks Offering MBBS Abroad Loans

Bank	Max Amount	Interest Rate	Collateral
State Bank of India (SBI)	₹30 L	9.55–10.5%	Required above ₹7.5L
Bank of Baroda	₹40 L	9.7–11%	Required above ₹7.5L
Canara Bank	₹40 L	9.5–10.5%	Required above ₹7.5L
Union Bank of India	₹30 L	9.25–10%	Required above ₹7.5L
Axis Bank (Private)	₹40 L	11–13%	May waive with good CIBIL

Documents Needed for Loan Application

UV Gullas offer letter or admission letter
Fee schedule from university
10th, 12th marksheets and certificates
NEET scorecard
Parent/guardian income proof (ITR, salary slip)
Property documents (for collateral)
Bank statements (6 months)
Passport copies

Loan Repayment Timeline

Most banks offer a moratorium period of course duration + 1 year (no repayment while studying). Repayment starts after you begin earning. Typical repayment: 10–15 years.

→ Full Fee Structure → Total MBBS Cost → Scholarships

Frequently Asked Questions

Which bank is best for MBBS abroad education loan? ▾

SBI and Bank of Baroda are most commonly used for overseas MBBS loans. They have dedicated education loan desks with experience in Philippines MBBS cases.

Can I get a loan without collateral? ▾

Most banks require collateral above ₹7.5 lakhs. Private banks like Axis sometimes waive collateral for students with good academic records and co-applicant income.

Does the loan cover living expenses? ▾

Yes. Education loans for MBBS abroad typically cover tuition, hostel, food, travel, books, and other related expenses as itemised in the university fee schedule.