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Education Loan for MBBS Abroad

Yes, banks fund Philippines MBBS. Here is how to get the loan.

Quick Answer

Indian students can get education loans from nationalized and private banks for MBBS in Philippines at DMSF. SBI, Bank of Baroda, Canara Bank, Axis Bank, and HDFC Credila are common lenders. Loan amounts up to โ‚น40-50L are available with DMSF's offer letter as the key supporting document.

Banks Offering Education Loans for MBBS Abroad

BankMax Loan AmountInterest RateCollateral Required
SBI (Global Ed-Vantage)Up to โ‚น20L unsecured / โ‚น40L+ secured~9-11% p.a.Collateral for >โ‚น20L
Bank of BarodaUp to โ‚น40L~9-10.5% p.a.Collateral may be needed
Canara BankUp to โ‚น40L~9-11% p.a.Collateral may be needed
Axis BankUp to โ‚น40L~11-14% p.a.Varies
HDFC CredilaUp to โ‚น40L+~12-14% p.a.Flexible
AvanseUp to โ‚น40L~12-14% p.a.Flexible

Frequently Asked Questions

What documents do I need for education loan for MBBS abroad?+
NEET scorecard, Class 10 & 12 mark sheets, DMSF offer letter, fee structure, passport, family income proof, property documents (for secured loans).
How much loan can I get for DMSF Philippines?+
Banks typically fund up to โ‚น40L for DMSF Philippines โ€” covering full tuition and part of hostel costs. The DMSF offer letter is the key document.
Is moratorium period available?+
Yes โ€” most banks offer a moratorium period during the course duration + 6-12 months after course completion.

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