Education Loan to Study MBBS in France
*T&C Apply. Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
Many Indian students choose France as their study destination because of its strong academic environment and the diverse programmes offered by well-known institutions, including options taught in English that help international students settle in academically. The overall cost of studying in France is an important factor for most students, and an education loan for France can help manage these expenses. Once you meet the France student visa requirements and secure admission, you can begin your medical education in the programme you have chosen. The information below gives a basic overview of some recognised universities in France that students often consider.
Why Pursue an MBBS in France?
- Globally Recognised Universities: France has some of the oldest and multiple reputable medical schools known for quality education.
- Education and Infrastructure: Students benefit from advanced technology, modern laboratories, and innovative learning environments.
- Research-Oriented Learning: France is known for contributions to medical science, particularly in neuroscience, public health, and genetics.
- Affordable Tuition Fees: Compared to many study-abroad destinations, medical programmes in France are relatively cost-effective.
- Strong Healthcare Network: Students gain practical exposure through internships, hospital rotations, and clinical training.
- International Recognition: A medical degree from France is respected across various countries.
- Multicultural Environment: Students enjoy a diverse and inclusive learning atmosphere.
Universities Offering MBBS Programmes in France
| France MBBS College | Student Perspective |
|---|---|
| Université Paris-Saclay | Offers an academically structured environment with access to research-focused learning. |
| University of Bordeaux | Provides a balanced study experience with a focus on core medical training. |
| Sorbonne University | Allows exposure to a large academic ecosystem with diverse learning opportunities. |
| Université de Montpellier | Known for a consistent academic framework and student-focused programmes. |
| Claude Bernard University Lyon 1 | Offers flexibility in programme structure with access to practical learning. |
| Université Paris Cité | Provides opportunities to study in a multidisciplinary academic setting. |
Types of Education Loans for MBBS Students in France
Broadly, there are two main types of education loans:
- Secured Education Loan: A secured education loan is backed by collateral, such as residential property, fixed deposits, or insurance policies. This collateral will serve as a guarantee for the lender in case the borrower defaults.
- Unsecured Education Loan: An unsecured education loan is a type of student loan that does not require any collateral or security. Approval is based on the borrower’s financial profile.
Eligibility Criteria for an Education Loan in France
To qualify for a student loan in France, here are the eligibility criteria:
- Applicant Age: 16 years or above
- Co-Applicant: Generally required can be a parent, spouse, or guardian
- Eligible Students: Those enrolling in bachelor’s or master’s programmes
- Approved Courses: Academic or professional programmes (MBA, MS, MBBS, etc.)
- Recognised Institutions: Universities and colleges accredited in France
Documents Required for an Education Loan for an MBBS Overseas
To apply for an education loan, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| 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) |
| 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 Studying an MBBS in France
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges.
| Feature | Details |
|---|---|
| Interest Rate (Floating) | 9.95%* p.a. onwards |
| Origination Fee | 1.25%* + GST |
| Prepayment & Foreclosure Charges | None |
How to Apply for an Education Loan to Study an MBBS in France
Follow this 3-step process
A simple and transparent journey.
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.
Expenses Covered Under a Student Loan for an MBBS in France
When you take an education loan for studying an MBBS overseas, the following expenses are typically covered, contributing to the overall cost of studying in France:
- Tuition fees and academic charges.
- Hostel or on-campus accommodation.
- Cost of living (food, transport, utilities, etc.).
- Books, lab supplies, and other learning materials.
- Laptop or computer (if required for coursework).
- Examination and library fees.
- Other education-related expenses as approved by Credila.
Repayment Options for Overseas MBBS Loan for Students
Repayment for MBBS education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying in EMIs after the moratorium ends.
- Part-Payment Option: Make partial payments during the course to reduce the total interest.
- Flexible Tenure: Repayment tenure of up to 15 years based on your profile.
- No Prepayment Penalty: You can repay early without any additional charges.
Why Avail Credila’s Education Loan for MBBS Abroad?
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.
Disclaimer: Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
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