Education and Career Forum

Sir,
I am studying in 12th standard and I want to study MBBS. But I comes under BPL category. l want to get an education loan. Please help me.

The main aim of educational loan is to provide financial support for the candidates who wish to pursue higher education and comes under economically backward classes.

Even though you belong to Below poverty line (BPL) category, you are eligible to apply for educational loan to purse MBBS.

The minimum criteria required to apply for an education loan to purse MBBS is that the candidate must have secured admission in any of the recognized college and should belong to Indian national.

All nationalized banks offer educational loan of Rs.4 lacs without any collateral security. But the educational loan upto Rs.7.5 lacs, the candidate must have provide collateral security or any third person guarantee.

Yes, you can apply for Education loan for MBBS course. In modern scenario, getting an education loan has become so easy that it can be taken without any difficulty. What you need to have is following documents:

>>Income details of parents.

>>Recognition of institute.

>>Your loan letter from concerned institute.

>>BPL certificate.

India Education loan portal is Vidya Lakshmi. At this portal, you can apply online for education loan to multiple banks. After assessing your form, they will respond you what amount of loan can be sanctioned and in what duration.

Education Portal link is http://https://www.vidyalakshmi.co.in/Students/