Families fund MBBS abroad through savings, education loans and personal loans, or a mix of these. A personal loan suits a defined cost, such as first-year fees or travel, that savings do not cover. It is repaid in fixed equated monthly instalments (EMIs).
Worked example: Suresh in Jammu
Suresh is 48 and works as a salaried hospital administrator in Jammu. He earns Rs. 1,35,000 a month and has a CIBIL score of 786. His daughter's MBBS offer needs first-year fees, travel and hostel costs beyond the family's savings, so he borrows Rs. 6 lakh at an illustrative 13% per annum.
EMI = P × R × (1 + R)^N ÷ [(1 + R)^N − 1]. P is the loan amount in rupees, R is the annual rate divided by 12 and by 100, and N is the tenure in months. The formula spreads the principal and interest into equal monthly payments, so early EMIs carry more interest and later ones more principal. All figures are rounded to the nearest rupee.
| Tenure | Monthly EMI (Rs.) | Total interest (Rs.) | EMI as share of salary (%) |
|---|
| 60 months (5 years) | 13,652 | 2,19,111 | 10.1 |
| 84 months (7 years) | 10,915 | 3,16,875 | 8.1 |
Last updated: 21st October, 2026
The 84-month option lowers the EMI by Rs. 2,737 but adds Rs. 97,764 in interest. The processing fee on Rs. 6 lakh is up to Rs. 24,780. Suresh picks 60 months (5 years), so the loan ends before his daughter finishes her MBBS internship.
What can delay approval: a CIBIL score below 650 or existing EMIs that take up a large share of your income. Names or addresses that do not match across documents, and more than one loan application in the same month, can also slow it down.
Funding MBBS abroad? With a Bajaj Finance Personal Loan, you can borrow Rs. Rs. 40,000 to Rs. Rs. 55 lakh, subject to eligibility. Check your loan offer with your phone number and a one-time password (OTP) → apply online → receive funds within 24 hours* of approval.
