GENERAL

Education Loan for MBBS in Georgia: Process, Eligibility, and Top Loan Providers

Jyoti • 7 Mins read • 17 Sep 25

Education Loan for MBBS in Georgia

Education Loan for MBBS in Georgia is very important for students who are planning to study abroad. Many Indian banks provide education loans to students to support their MBBS careers. Medical students can get an education loan at 8% to 12% interest rate. With the help of the bank education loan, students can cover tuition fees, travel, books and their daily living expenses without financial stress.

To get an education loan for an MBBS in Georgia, you must know about the bank's interest rate, what is the process of applying for a loan and which bank provides the education loan. In this blog, you will get to know how to get a loan for MBBS in Georgia and many more things.

Why Choose an Education Loan for MBBS in Georgia?

Here are some important points about how education is important for you and how it will help you in your MBBS career.

Medical studies abroad are very expensive.
Getting a loan helps you focus on your studies, not on money stress.
Many Indian banks offer easy education loans for foreign medical studies.
Many banks and NBFCs support loans for Georgia.
It will reduce the financial burden on your family.

Types of Education Loans for MBBS Education in Georgia

If you want to apply for an MBBS Abroad education loan, you must know that there are different types of loans and before applying for a loan. You must keep it in your mind.

Government Bank Loan
Private Bank Loan
NBFC Loan
International Loan
Government Scheme Loan

List of Indian Banks Providing Loans for MBBS in Georgia

Many Indian banks like SBI, Punjab National Bank, HGFC Bank, AXIS Bank and ICICI Bank provide education loans to medical students who want to study MBBS in Georgia. The education loan interest rate can vary as per the bank's loan criteria. Check the list of Indian banks that provide education loans for MBBS in Georgia.

Bank Name	Max Loan Amount	Interest Rate Range	Collateral Requirement	Benefits
State Bank of India (SBI)	Up to ₹1.5 crore (medical abroad)	8% to 12% approx	No collateral up to ₹7.5 lakh	Pre-admission sanction Flexible repayment
Bank of Baroda	Up to ₹1.5 crore	8% to 11.5% approx	Collateral for loans above ₹7.5 lakh	Zero processing fee Flexible terms
ICICI Bank	Up to ₹3 crore	9% to 14% approx	Collateral based on loan amount	Digital application Instant sanction possible
Canara Bank	Up to ₹1.5 crore	9% to 10.5%	Collateral above ₹7.5 lakh	No prepayment penalty
Punjab National Bank (PNB)	Up to ₹1.5 crore	8.5% to 12% approx	Collateral above ₹7.5 lakh	Minimal documentation, faster processing

Eligibility Criteria for Education Loan for MBBS in Georgia

If you are going to apply for an education loan, here are the eligibility criteria for the education loan.

Must be an Indian citizen.
Secured admission in a recognized Georgian medical university.
NEET qualification (mandatory as per NMC).
Co-applicant (parent/guardian) with stable income.
Strong academic record for better chances of approval.

Step-by-Step Loan Application Process for MBBS in Georgia

Check the table given below has step-by-step guidance for an education loan for MBBS in Georgia.

Step	Details
Step 1	Research and choose a bank that fits your needs
Step 2	Check the eligibility criteria on the bank’s official site
Step 3	Secure admission letter from a recognized medical university in Georgia
Step 4	Fill out the loan application form online or offline
Step 5	Submit required documents (see checklist below)
Step 6	Attend the bank interview or verification process if needed
Step 7	Receive loan sanction letter
Step 8	Complete loan agreement and sanction formalities
Step 9	Get funds disbursed as per the fee schedule of your college

Checklist Required Documents for MBBS Education Loan Application

These are the important documents you must submit while applying for an education loan.

Admission letter from the medical university in Georgia
12th standard mark sheets
Proof of age (birth certificate or passport)
Aadhar card
Address proof (ration card, electricity bill, passport)
Income proof of parents or co-borrowers (salary slips, income tax returns)
Passport copies (self and co-borrower)
Passport-size photographs
Collateral documents, if required (property documents/ FD receipts)
Filled loan application form

Cost Comparison: Tuition Fee of MBBS in Georgia

The table given below has the details about the cost of MBBS in Georgia tuition fees.

Cost	In USD	In INR
Tuition Fee (per year)	$4,000 - 7,000	₹3,30,000 - ₹5,80,000
Hostel and Accommodation	$1,000 - 1,800	₹82,000 - ₹1,48,000
Food and Miscellaneous	$600 - 1,000	₹49,000 - ₹82,000
Total Annual Expense	$5,600 - 9,800	₹4,61,000 - ₹7,91,000

Tips to Increase Chances of Loan Approval

Sometimes banks deny loans and education loans for your MBBS are very important. Check the tips to get your education loan approved.

You should choose a recognized NMC-approved university in Georgia.
Maintain a strong academic record in 12th and NEET.
Provide a financially strong co-applicant.
Offer collateral security for higher loan amounts.
Apply early to avoid last-minute issues.

Scholarships vs Education Loans for MBBS in Georgia

The scholarship for MBBS in Georgia is limited and highly competitive for students and the scholarship usually provides partial tuition fees. The education loan provides complete funding for the MBBS fee, living expenses and study material to students. Check the details in the table about the scholarship and the education loan.

Particulars	Scholarships	Education Loans
Purpose	Reduce cost of MBBS without debt Financial help based on merit or need	Fund MBBS when personal savings aren’t enough Borrowed money repaid with interest
Provides	Georgian government Universities NGOs Merit	Indian banks (HDFC, ICICI, SBI, Axis) Sometimes Georgian banks
Covers	Tuition fees are fully or partially Sometimes accommodation and living costs	Tuition fees Accommodation & living expenses Travel & other study costs
Eligibility	Good academics NEET qualification English proficiency Sometimes additional tests	Creditworthiness Collateral Co-applicant’s income Bank approval required

To Conclude

Studying for an MBBS in Georgia is the dream of every medical student. To fulfill this dream, you must have financial support and for that, you can choose an education loan. In India, many Indian banks provide education loans with different interest rates. You can apply for the education loan and get admission in the top Medical University in Georgia.

Frequently Asked Questions (FAQs) for Education Loan for MBBS in Georgia

Ques: What are the education loan eligibility criteria for MBBS in Georgia?

Ans: The eligibility criteria for an education loan for MBBS in Georgia:

Indian citizen.
Admission in a recognized Georgian medical university.
NEET qualification required.
Co-applicant (parent/guardian) with stable income.
Good academic record improves approval chances

Ques: What are the differences between private and government education loans?

Ans: The difference between government and private is mainly about the interest rate:

Government Loan: Lower interest rates, sometimes no collateral for smaller amounts.
Private Loan: Higher loan amounts, faster processing, may require collateral.

Ques: What are the government-sponsored education loans for MBBS in Georgia?

Ans: Many banks provide the education loan but the government-sponsored education loans are Punjab National Bank, SBI, Bank of Baroda.

Ques: Can I get an education loan with flexible repayment options?

Ans: Yes, many Indian banks provide the flexible repayment option for an education loan.

Ques: How can I apply for an education loan for MBBS in Georgia?

Ans: Here are simple steps to apply for an education loan:

Choose a bank where you wanna apply for an education loan.
Check eligibility criteria.
Secure admission letter.
Fill the loan application form.
Submit required documents.
Attend verification/interview if needed.
Receive the sanction letter and complete formalities.

Ques: What are the top Indian banks that offer education loans?

Ans: Some of the top Indian banks that provide education loans are SBI, PNB, ICICI Bank, Bank of Baroda and Canara Bank.

Ques: What documents are needed for the education loan application process?

Ans: You need to submit the admission offer letter, 12th marksheet, Birth certificate, ID Proof, Income proof, passport and other important documents.

Ques: What is the education loan cost in Georgia?

Ans: The education loan interest can be different as per the bank. The interest rate is 85% to 12%. The loan amount can go up to ₹1.5 lakh to ₹3 crore.

Ques: What is the average cost for MBBS education in Georgia?

Ans: The average cost for MBBS education in Georgia is $4,000 – $7,000 per year (₹3.3 – 5.8 lakh)

Ques: Can I get an education loan without a NEET score card?

Ans: No, without a NEET qualification score card, you can’t apply for an education loan.