Education and Career Forum

Hello Friends,
My wife want to continue her study. We have one child. Her age is 33 now and she want to do MD as she is an MBBS Doctor. She want to visit US to do MD program. For this, she want to apply for an Education Loan. Is she eligible for Loan for her further study?

Yes, she is eligible to apply for education loan in order to pursue MD in US. There is no problem in getting education loan if :-

- She gets admission call from a recognized and reputed institute.
- She has a good score in the entrance exam and her visa is approved.
- She complies with the terms and conditions of the education loan scheme.
- She completes all necessary formalities as per bank's orders.

She can get education loan up to 20 lakhs for her study in abroad.

Yes, she is eligible to apply for an Education loan for pursuing MD course in US. To get an Education loan, she must have to submit her previous study certificates, MD course admission letter, passport, Guarantee Salary Certificate Xerox copies to bank. You must have to submit a Collateral Security in the form of land, house documents equal to bank loan amount for getting an Education loan of more than 7.5 lakh rupees. By submitting all the required documents correctly, your education loan will be approved within 10-15 working days.