To obtain an education loan for MBBS abroad, you must first calculate your specific needs. Including the cost of tuition, living expenses, travel, meals, plane tickets, and other incidentals. Moreover, check the amount you could be eligible for in international scholarships, fellowships, grants, and assistantships.
You should now have a rough idea of the cost.
See which banks you may approach for a loan after that. Examine their qualifying requirements while also taking into account elements like the loan margin and the moratorium term.
Fill out the application form when you approach the bank. Don't forget to include all the required paperwork with it.
Once your loan has been accepted, the bank will release the funds in the amounts specified by the university in instalments.
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