Foreign Study Loan

Yes, you are eligible as the scheme is for non-reserved categories with family income up to ₹6,00,000 annually. You must also have scored 60% or more in Class 12th and be pursuing medical studies abroad.

The maximum loan amount is ₹15,00,000 for overseas higher studies. The interest rate is 4% per annum calculated as simple interest, making it quite affordable compared to commercial education loans.

No, the scheme strictly requires a minimum of 60% marks in Class 12th. This is a mandatory eligibility criterion that cannot be waived based on other academic achievements.

For loans above ₹7,50,000, you need to mortgage immovable property in favor of GUEEDC. For loans up to ₹7,50,000, property registration worth one and a half times the loan amount is required.

Repayment starts after a 1-year grace period following completion of studies. For loans up to ₹5,00,000, repayment is over 5 years in equal monthly installments; for loans above ₹5,00,000, it's over 6 years.

Yes, the scheme covers post-graduation courses and post-graduation diplomas. The eligibility extends to courses pursued after Class 12th, including post-graduation obtained after diploma completion.

For loans up to ₹7,50,000, you need property registration documents showing property worth ₹9,00,000 (one and a half times the loan amount). This property serves as security for the loan.

The scheme allows flexible repayment, meaning you can repay the loan before the stipulated time limit. However, interest must be deposited first during loan repayment as per the priority system.

Modules 1, 3, 5, 6, 8, and 10 are compulsory covering basic information, educational details, financial requirements, bank details, document uploads, and final declaration. Incomplete modules will prevent form submission.

No, the scheme is specifically for Bachelor of Medicine, Bachelor of Surgery, post-graduation courses, post-graduation diplomas, and equivalent courses after Class 12th. Computer Science Bachelor's degree is not covered.

The Patrata Column (પાત્રતાની કોલમ) dropdown selection is mandatory to indicate your eligibility parameters correctly. This ensures your application is processed under the right criteria and prevents rejection due to incorrect categorization.

You need to submit five post-dated cheques signed in favor of the Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC) as part of the loan security arrangement.

Maintain active communication channels and respond promptly to any requests for clarification, additional documents, or corrections. Quick response ensures smooth processing of your loan application.

Documents should be uploaded in PDF, JPEG, or PNG formats within the portal's size limitations. Ensure files are clearly named and legible to avoid confusion during the review process.