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Foreign Study Loan Scheme (GUEEDC)

Loan scheme offering up to ₹15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with flexible collateral and repayment conditions.

Ministry / Department
Social Justice and Empowerment Department
Level
State
Benefit type
cash
Last verified: Recently

What is Foreign Study Loan Scheme (GUEEDC)?

Loan scheme offering up to ₹15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with flexible collateral and repayment conditions.

Benefit
**Loan Amount:** Up to ₹15.00 lakh **Interest Rate:** Simple interest at 4% per annum **Collateral:** **Up to ₹7.50 lakh:** Property valued at 1.5 times the loan amount **Above ₹7.50 lakh:** Property equal to the loan amount **Loan Repayment:** **Up to ₹5 lakh:** repay in 5 years after 1-year moratorium **Above ₹5 lakh**: repay in 6 years after 1-year moratorium **Borrower can pre-pay without penalty**
Level
State — Gujarat
Ministry / Dept.
Social Justice and Empowerment Department
Benefit type
cash
Key eligibility
1. The applicant must be a **citizen of India** and a **resident of Gujarat.**1. The applicant must belong to the **Unreserved category**.1. The applicant must have passed **Class 12 with 60% or more marks**.1. The applicant must be seeking admission to **MBBS, Master’s, PG Diploma, or equivalent pr
Last verified
Recently

Benefits

**Loan Amount:** Up to ₹15.00 lakh **Interest Rate:** Simple interest at 4% per annum **Collateral:** **Up to ₹7.50 lakh:** Property valued at 1.5 times the loan amount **Above ₹7.50 lakh:** Property equal to the loan amount **Loan Repayment:** **Up to ₹5 lakh:** repay in 5 years after 1-year moratorium **Above ₹5 lakh**: repay in 6 years after 1-year moratorium **Borrower can pre-pay without penalty**

Eligibility

1. The applicant must be a **citizen of India** and a **resident of Gujarat.**1. The applicant must belong to the **Unreserved category**.1. The applicant must have passed **Class 12 with 60% or more marks**.1. The applicant must be seeking admission to **MBBS, Master’s, PG Diploma, or equivalent prArea: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Visit the Official Website: https://gueedc.gujarat.gov.in Click on “ Register ” and fill in your basic details such as name, email, mobile number, and create a password. Login to Your Account. From the dashboard, select the “ Foreign Study Loan ” scheme . Fill the Online Application Form. Upload Required Documents. Submit the Application. Save or note down your unique application ID for future reference. Print the Application Form. Submit the signed hard copy and original documents for verification at the GUEEDC office or as directed .

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website