Education and Career Forum

Respected Sir,
I want to study MBBS in China but due to new rule of MCI it is really tough to get certification for Practicing in India. I want to know that if I want to apply for an Education Loan then what difficulties will be arises?

1. Eligibility criteria: Banks have their own set of eligibility criteria for education loans, which may vary depending on the bank. While applying for an education loan to study MBBS in China, ensure you meet the eligibility criteria set by the bank.

2. Collateral requirements: Banks generally ask for collateral security while providing education loans. The value of the collateral may vary depending on the loan amount. You may have to provide collateral security to secure the education loan.

3. Loan amount: The loan amount you are eligible for may not cover the entire cost of education in China. It is advisable to check the loan amount you are eligible for before applying.

4. Interest rates: The interest rates on education loans may vary depending on the bank. It is advisable to compare the interest rates offered by different banks before applying for an education loan.

5. Repayment period: The repayment period for education loans may vary depending on the bank. Ensure you are aware of the repayment period before applying for an education loan.

6. MCI certification: As you have mentioned, MCI certification is a significant factor for practicing medicine in India. While applying for an education loan to study MBBS in China, ensure you are aware of the MCI certification requirements and the possible difficulties in obtaining it.

Overall, it is advisable to do thorough research and understand the terms and conditions of the education loan before applying for it.