MBBS abroad is a better alternative for Indian medical students in many ways. In India, students face a very huge competition for medical seats due to intense population, and Indian private medical universities charge very costly fees for an MBBS programs. To study MBBS abroad, explore scholarships and financial aid opportunities from various sources, including foreign universities, government programs, and private organizations, as well as consider countries with lower tuition fees and living costs. In this blog, we are going to study the scholarships and financial aid for studying MBBS abroad.
Study MBBS Abroad: Scholarships and Financial Aid
MBBS Abroad for Indian Students is a selective destination. Generally, the MBBS Abroad fees are affordable. But there are multiple scholarships available provided by particular universities to Indian students. Let’s explore them in brief:
Foreign Universities
Many universities offer scholarships for international students, including those studying MBBS.
- Brunel Medical School International Scholarships
- Ibni Sina Medical Sciences Scholarship Program
- Anhui Medical University CSC Scholarship
- Rhodes Scholarship
Government Programs
- Indian Government: The Indian government offers scholarships to study MBBS abroad, including the Dr. Ambedkar Scheme of Interest Subsidy on Educational Loan for Overseas Studies and the JN Tata Endowment for the Higher Education of Indians.
- Foreign Governments: Many countries offer scholarships for international students, such as the Chevening Scholarships (UK), Fulbright-Nehru Fellowships (USA), and Australia Awards Scholarships.
Private Organizations and Foundations
- Inlaks Shivdasani Foundation Scholarships
- Tata Scholarship
- Aga Khan Foundation International Scholarship Programme
Other Scholarships
- Global Study Awards
- JGC-S Scholarship
- Novus Biologicals Scholarship
- NCI Master’s Edge Scholarship
Merit-Based Scholarships
Some scholarships are awarded based on academic merit, extracurricular activities, and other achievements.
Need-Based Scholarships
Some scholarships are awarded based on financial need.
Specific Fields
Some scholarships are tailored for specific fields of medicine, such as healthcare or philanthropy.
Education Loan
To finance your education loan to study mbbs abroad, consider banks like SBI, Bank of Baroda, Axis Bank, and HDFC Bank, which offer loans up to ₹1.5 crore, covering tuition, living expenses, and other costs.
| Lender Name | Max Loan Amount | Interest Rate Range |
| SBI | Up to 1.5 Cr. | 11.15% |
| UIB | Up to 1 Cr. | 9.25% – 9.75% |
| BOB | Up to 1 Cr. | 9.7% onwards |
| Bank of India | Up to 1.5 Cr. | 9.80% to 11.40% |
| ICICI | Up to 1 Cr. | 9.50% – 11.25% |
| HDFC Credila | Up to 50 lakhs | 10.50% – 12.25% |
| Avanse | Up to 70 lakhs | 10.50% – 13.50% |
Tips for Applying
- Research thoroughly: Identify scholarships that align with your qualifications and financial needs.
- Meet eligibility criteria: Ensure you meet the requirements for each scholarship.
- Prepare strong applications: Submit a compelling personal statement, academic transcripts, recommendation letters, and proof of achievements.
- Apply early: Many scholarships have deadlines, so apply well in advance.
Conclusion
Study MBBS abroad is one of the most selective destinations for pursuing a medical education. Generally, Abroad does not provide scholarships, but there are several scholarships available and provided by particular universities to Indian students. Some of the scholarships to study MBBS abroad are government scholarships, university scholarships, and other scholarships. There are many benefits to choosing abroad for medical education, such as affordable education, fine frame, and better ROI (Return on Investment).
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