Key Factors in Choosing MBBS Education Loans

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Getting an education loan for MBBS has become quite simple. However, careful research is needed when choosing a loan. Check out some factors to consider.

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Loan eligibility

Check the lender’s eligibility criteria. You have to match it to apply for the loan. Also, see if your course is covered under the loan.

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Collateral

If you choose an unsecured loan, no collateral is needed. But, secured loans need a collateral and you need to see if you have the asset to pledge.

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Loan amount

Check the maximum loan amount that the lender is offering. Opt for a lender that offers the maximum cost of education for easy funding. 

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Interest rates

Compare the interest rates across lenders. Choose a lender offering the lowest rates for the most affordable loan deal. 

IDFC FIRST Bank

Choose IDFC FIRST Bank Education Loan for your MBBS and enjoy loans up to Rs.1.5 Cr.* at attractive interest rates and faster loan sanctions.

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