Education Loan For MBBS
Education loan solutions to meet financial needs of aspiring medical students.
*T&C Apply
What does it really cost to wear the white coat? For thousands of Indian students, pursuing MBBS abroad opens the door to world-class medical training, but the fees vary widely from country to country. Whether you're eyeing the UK, Canada or any other destination, it's important to understand the full cost, tuition, living expenses, and research.
MBBS Cost in Different Countries
| Country | Tuition Fees (USD)* | Tuition Fees (INR)* |
|---|---|---|
| India | $30,700 – $40,000 | ₹25,54,000 – ₹33,28,000 |
| UK | $22,800 – $52,000 | ₹19,05,800 – ₹43,42,000 |
| USA | $18,000 – $86,000 | ₹15,03,000 – ₹71,81,000 |
| Canada | $1,20,000 – $3,67,000 | ₹1,00,20,000 – ₹3,06,54,500 |
| Germany | $138 – $2,200 | ₹11,523 – ₹1,83,700 |
| France | $450 – $1,000 | ₹37,575 – ₹83,500 |
| Australia | $25,000 – $75,000 | ₹20,87,500 – ₹62,62,500 |
| Belgium | $1,500 – $4,000 | ₹1,25,250 – ₹3,34,000 |
| Philippines | $98,000 – $1,490,000 | ₹81,83,000 – ₹12,44,15,000 |
Note: The study fees for Indian students mentioned above are tentative and based on estimates for 2025. Tuition costs may vary depending on the university (public or private), country, course specialisation, and other factors. It is always best to check with the university for the most accurate and updated fee structure.
Note: For this guide, we are considering the USD, with the current value as of April 2025. All INR conversions in this guide are based on this exchange rate, so please check the latest rates when planning your expenses.
Eligibility Criteria for Education Loans for MBBS
Here’s what you should know when you’re applying for an MBBS education loan:
- Who Can Apply? Students can apply for an education loan with a parent, guardian, or spouse as a co-applicant.
- Age Requirement: You have to be at least 16 years old at disbursement
- Who Can Get a Loan? Students taking admission in an undergraduate MBBS programme.
- Courses Covered: Full-time MBBS courses by recognised universities.
Documents Required for an Education Loan for MBBS
Here’s a quick checklist for your education loan application:
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned) ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) – waived for Sampoorna |
| D. Co-Applicant Financials | |
| → Salaried | Last 6 months salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months Current & Savings A/c bank statements Last 2 years ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months Current & Savings A/c bank statements Last 2 years ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months Savings A/c bank statements |
| → Pensioner | Last 6 months Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for MBBS
Get the funds you need for your MBBS education loan with competitive interest rates and zero prepayment or foreclosure charges.
| Feature | Details |
|---|---|
| Interest Rate (Floating) | Secured Loans: starting 9.95%* p.a. Unsecured Loans: Starting 11.25%* p.a. |
| Origination Fees | Maximum up to 1.25%* + GST of the loan amount |
| Prepayment & Foreclosure Charges | NIL |
*Terms and conditions apply. The above table is only an indicative and not exhaustive list. The education loan offered by Credila shall be at its sole discretion and based on Credila’s internal policy.
How to Apply for an Education Loan for an MBBS
Follow this 3-step process
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Why Avail a Credila Education Loan for Your MBBS?
- Save time. Go online.
- We cover it all
- Start early. Apply before admission.
- Friendly rates. All the way.
- Dream big. Achieve bigger.
- Pan-India network of branches
- The benefit of tax saving
- Flexible payment plans
- No hidden charges
Customer-centric processes with just 3 steps to disbursement.
Up to 100% financing of tuition and living expenses.
Benefit from seamless loan sanctions.
Student loans with customised interest rates.
Exploring funding for larger education costs? Not a problem.
Enjoy multi-city co-borrower(s) and collateral flexibility.
Added tax deductions* that bring down your cost of financing
Repayment tenure of up to 15 years.
What you see is what you pay.
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions* that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
Disclaimer: *T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
