Can I get an education loan for MBBS without collateral?

Yes, for loans up to ₹7.5 Lakhs, most public sector banks offer collateral-free loans under the CGFSEL scheme. For higher amounts, tangible security is usually required.

Does the loan cover hostel and mess fees?

Yes, education loans typically cover tuition fees, hostel charges, exam fees, library fees, and cost of books/equipment.

When does the loan repayment start?

Repayment generally starts after the moratorium period, which is 'Course Duration + 6 months to 1 year' after getting a job.

Education Loan for Medical Students | MBBS Admission Loans

Don't Let Finances Stop Your Medical Dream

We bridge the gap between your ambition and admission with comprehensive education loan assistance.

Pursuing MBBS or BDS is a significant financial investment. With tuition fees rising in private colleges and deemed universities, securing an education loan is often a necessity. Future Education partners with top nationalized and private banks to ensure you get the best interest rates and quick disbursement.

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Loan Eligibility Check

Find out how much loan amount you are eligible for within minutes.

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Requirements Checklist

Prepare these documents to ensure a rejection-free application.

Aadhar Card & PAN Card
Passport size photographs
Proof of Residence (Electricity Bill/Driving License)
Valid Passport (For Study Abroad students)

Salary Slips (Last 3 months) or ITR (Last 2-3 years)
Bank Statement (Last 6 months)
KYC Documents (Aadhar/PAN)
Asset/Liability Statement (For high value loans)

NEET Score Card
10th & 12th Marksheets
Admission Letter from the Medical College
Fee Structure issued by the College

Top Education Loan Schemes for Medical Students

We connect you with the best lenders offering specific schemes for medical education.

Bank / Institution	Max Loan Amount	Interest Rate (Approx)*	Collateral Requirement
SBI (Scholar Scheme)	Up to 40 Lakhs (India)	8.15% - 9.5%	No collateral for premier institutes
Canara Bank (Vidya Turant)	Up to 20 Lakhs	8.50% - 10%	Nil up to ₹7.5 Lakhs
HDFC Bank	Up to 45 Lakhs	9.00% - 11%	Required for high amounts
NBFCs (Auxilo/Avanse)	100% Cost of Education	10% - 12%	Flexible / Partial Collateral

*Interest rates are subject to change based on RBI guidelines and applicant's credit profile.

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Frequently Asked Questions

Yes, under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL), loans up to ₹7.5 Lakhs are usually available without any collateral or third-party guarantee from public sector banks. For amounts above this, tangible security (Property/FD) is typically required.

A comprehensive education loan covers Tuition fees, Hostel/Mess charges, Examination/Library/Laboratory fees, Purchase of books/equipment/instruments/uniforms, and even travel expenses for study abroad students.

The moratorium period is the time during which you don't have to pay the EMI. For education loans, this is typically the Course Duration + 6 months to 1 year. Repayment begins only after this period or once you secure a job, whichever is earlier.

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