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Top destination for affordable MBBS for Indian students

Education Loanfor China

Written by Deepak Agrawal, Founder & CEO, FundMyCampus ยท MBA, IIM BangaloreReviewed by Ashmita Agarwal, Director, FundMyCampusUpdated on

China is one of the largest MBBS destinations for Indian students, offering NMC-approved, English-medium medical degrees at total costs of โ‚น36โ€“64 Lakhs over 6 years, alongside strong engineering and technology programs. With affordable fees and globally recognised universities, tโ€ฆ

โ‚น20โ€“35 L

Typical Loan

Free

Counsellor call

From 8.6%*

(if simple interest is paid during the course; 9.6% otherwise)

* From 8.6% with collateral (PNB Udaan standard, if you pay simple interest during the course; 9.6% otherwise) and around 10.5% without collateral. Final rate is set by the lender.

Shanghai skyline: China MBBS and engineering study destination for Indian students

Country Snapshot

Tuition (yr)
โ‚น2.5โ€“6 L
Living (yr)
โ‚น2.5โ€“4 L
Visa
X1 Student Visa (with JW202 form)
Indian students
~25,000/yr

Why China

Top reasons Indian students choose China

World-class universities

14+ approved institutions

Strong career outlook

~25,000 Indian students/yr

Loan-ready

All 12+ FundMyCampus banks lend here

Global network

Clear post-study work pathway

The Complete Guide

Studying in China

China is one of the largest destinations for Indian students pursuing affordable MBBS, with roughly 25,000 Indians enrolled across its medical and engineering universities. The appeal is simple: an NMC-approved, English-medium MBBS that costs โ‚น36โ€“64 Lakhs total over 6 years. A fraction of the โ‚น60 Lakh to โ‚น1 Crore+ that a private medical seat in India can demand. For NEET-qualified students who miss government seats at home, China offers a legitimate, recognised path to becoming a doctor.

01

The critical rule is approval: the university must appear on the National Medical Commission's list of approved foreign institutions, and the student must have qualified NEET before joining and clear the FMGE (soon NExT) after graduating to practice in India. Lenders verify NMC approval before sanctioning any MBBS loan, because a non-approved degree cannot lead to Indian practice. Beyond medicine, China also offers strong, affordable engineering, technology, and research programs at universities like Tsinghua and Shanghai Jiao Tong, often with scholarships.

02

This guide covers everything Indian medical and engineering families need: cost breakdowns by program, which NBFCs and banks fund NMC-approved China MBBS, the X1 visa and JW202 process, top universities, sample EMIs, the FMGE/NExT pathway, and the government schemes you can stack. FundMyCampus has helped many NEET-qualified students fund their China MBBS dream. And the most important step is always confirming NMC approval before anything else.

Cost of Studying in China

Use these numbers to right-size your loan, under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.

Tuition

Living

Travel

Misc + Books

Average Total Program Cost

โ‚น36โ€“64 L for a 6-year MBBS

Total for 6 years, including living costs.

ProgramTuitionLivingTravelMiscTotal
MBBS / MD (6 yrs incl. internship)โ‚น15โ€“30 Lโ‚น15โ€“24 Lโ‚น3โ€“5 Lโ‚น3โ€“5 Lโ‚น36โ€“64 L
Engineering Bachelor's (4 yrs)โ‚น10โ€“20 Lโ‚น10โ€“16 Lโ‚น2โ€“4 Lโ‚น2โ€“3 Lโ‚น24โ€“43 L
Master's (2โ€“3 yrs)โ‚น6โ€“14 Lโ‚น6โ€“12 Lโ‚น1.5โ€“3 Lโ‚น1.5โ€“2.5 Lโ‚น15โ€“31 L
PhD (3โ€“4 yrs, often funded)โ‚น0โ€“10 L (often scholarship)โ‚น12โ€“20 L (often stipend)โ‚น2โ€“4 Lโ‚น2โ€“3 Lโ‚น6โ€“25 L (with funding)

Tuition varies by university. See each university's page.

Your Journey

How your China loan flows

From admit to disbursement, what FundMyCampus handles end-to-end.

1

Check eligibility

Free 2-min quiz tells you which banks will approve and at what rate.

2

Submit documents

Upload through our portal. We organise and stress-test before submission.

3

Sanction in days

Most China loans approved in 5โ€“14 days. We chase the bank for you.

4

Disbursement

Bank wires fees directly to your China institution. You focus on the move.

Free in 2 minutes

See your eligibility for China loans

University, loan amount, co-applicant income. We tell you which banks approve you and at what rate.

Best Lenders for China Loans

Lowest rate with collateral: 8.6% (PNB Udaan, if you pay simple interest during the course; 9.6% otherwise). Without collateral, NBFCs lend at about 10.5%.

SBI Global Ed-Vantage logo
SBI Global Ed-Vantage

Interest: 9.15% to 10.15%

For China: up to โ‚น1.5 Cr

Study abroad, with collateral: 9.65% (9.15% at SBI's select universities) ยท Study abroad, without collateral: 9.65% at SBI's select universities, up to โ‚น50 lakh

Lowest rates for China MBBS. Funds NMC-approved medical universities with collateral. Reliable for 6-year medical programs. 15โ€“20 day processing.

Bank of Baroda Vidya logo
Bank of Baroda Vidya

Interest: Rate on requestWe'll get the current rate for you

For China: up to โ‚น1.5 Cr

Strong PSU choice for MBBS abroad. Competitive rates and good acceptance of NMC-listed Chinese medical universities.

Avanse Financial logo
Avanse Financial

Interest: Rate on requestWe'll get the current rate for you

For China: up to โ‚น40 L unsecured

Most flexible NBFC for China MBBS, funds programs and family profiles that PSU banks decline. Quick processing for medical admits.

Auxilo Finserve logo
Auxilo Finserve

Interest: Rate on requestWe'll get the current rate for you

For China: up to โ‚น35 L unsecured

Specialises in MBBS-abroad financing with digital, fast approvals. Good for smaller ticket sizes typical of China.

Tata Capital Education Loan logo
Tata Capital Education Loan

Interest: Rate on requestWe'll get the current rate for you

For China: up to โ‚น40 L unsecured

Flexible NBFC option for medical and engineering programs in China. Considers expected post-FMGE earning potential.

ICICI Bank Education Loan logo
ICICI Bank Education Loan

Interest: Rate on requestWe'll get the current rate for you

For China: up to โ‚น40 L unsecured

Fast 7โ€“14 day approval. Funds top-ranked NMC-approved Chinese universities. Best private bank option for engineering and select MBBS admits.

PNB Udaan logo
PNB Udaan

Interest: 8.6% (if you pay simple interest during the course; 9.6% otherwise)

Lowest rate with collateral here

PNB Udaan standard, with collateral. Without collateral: rate on request. Rates confirmed by FundMyCampus with PNB.

Interest rates are each lender's standard range. They depend on your university, collateral and co-applicant, not on the country. What changes by country is how much each lender funds and which universities it approves.

Collateral & Unsecured Options

China MBBS loans typically range โ‚น20โ€“40 Lakhs, which sits at the threshold where collateral may or may not be required depending on the lender and university. PSU banks (SBI, Bank of Baroda) offer up to โ‚น7.5 Lakhs collateral-free under the standard model scheme. For the full โ‚น36โ€“64 L MBBS cost they usually require collateral, residential property (LTV 75โ€“85%), fixed deposits (LTV 90%), or LIC policies. NBFCs (Avanse, Auxilo, Tata Capital) are the more common route for China MBBS, offering unsecured loans up to โ‚น35โ€“40 Lakhs based on the co-applicant's income and the university being on the NMC-approved list. The single biggest factor for approval is that your chosen medical university appears on the National Medical Commission's list of approved foreign institutions. Lenders verify this carefully because a degree from a non-approved university cannot lead to FMGE/NExT eligibility and Indian practice. FundMyCampus confirms NMC approval status before any loan application.

Visa Essentials

X1 Student Visa (with JW202 form)

What you need to prove for your China visa

Year 1 fees

Tuition Proof

โ‚น2.5โ€“4

Living Funds

Mandatory

Loan Letter

3 key items

Requirements

Key Requirements

  • 1

    China issues the X1 Student Visa for programs longer than 180 days (which covers all MBBS and degree programs).

  • 2

    For the X1 visa, the Chinese consulate primarily wants to confirm you can support yourself: (1) the admission letterโ€ฆ

  • 3

    After arriving in China on the X1 visa, you must register with the local Public Security Bureau and convert to aโ€ฆ

Top Universities in China

These are on most lenders' preferred lists, easier approval, higher unsecured limits, lower rates.

UniversityLocationAnnual FeesTier
Peking University Health Science CenterBeijingโ‚น6 LPremier
Fudan University (Shanghai Medical College)Shanghaiโ‚น5.5 LPremier
Shanghai Jiao Tong UniversityShanghaiโ‚น5.5 LPremier
Zhejiang UniversityHangzhouโ‚น5 LPremier
Wuhan UniversityWuhanโ‚น4 LTier 1
Nanjing Medical UniversityNanjingโ‚น4 LTier 1
Jilin UniversityChangchunโ‚น3.5 LTier 1
Shandong UniversityJinanโ‚น3.5 LTier 1
China Medical UniversityShenyangโ‚น3.5 LTier 1
Capital Medical UniversityBeijingโ‚น4 LTier 1
Tianjin Medical UniversityTianjinโ‚น3.5 LTier 1
Xi'an Jiaotong UniversityXi'anโ‚น3.5 LTier 1
Tsinghua University (Engineering)Beijingโ‚น5 LPremier
Dalian Medical UniversityDalianโ‚น3 LTier 2

After Graduation

Career Outlook in China

What awaits Indian graduates post-study

Available

Post-study work

Yes

PR pathway

Strong

Salary growth

~25,000/yr

Indian community

Highlights

  • For MBBS graduates, the post-study path is centred on India rather than China.

  • China itself does not offer a broad post-study work visa for foreign graduates.

  • For engineering and technology graduates, China's job market is largely Mandarin-dependent, so most Indian engineeringโ€ฆ

Sample EMI Calculations

Typical EMI for a China loan, 10-year repayment tenure after moratorium.

โ‚น20 L ยท 11% ยท 10 yrs

~โ‚น27,600

Monthly EMI

โ‚น30 L ยท 11.5% ยท 10 yrs

~โ‚น42,200

Monthly EMI

โ‚น35 L ยท 12% ยท 12 yrs

~โ‚น46,000

Monthly EMI

โ‚น55 L ยท 11% ยท 12 yrs

~โ‚น68,900

Monthly EMI

โ‚น45 L ยท 9% ยท 12 yrs

~โ‚น51,200

Monthly EMI

โ‚น60 L ยท 11.5% ยท 15 yrs

~โ‚น70,100

Monthly EMI

Calculate your exact EMI with our education loan EMI calculator (includes moratorium interest)

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Get a free counsellor callback

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China-Specific Documents

  • 1Admission letter from the NMC-approved Chinese university
  • 2JW202 form (Visa Application for Study in China) issued by the university
  • 3NEET qualifying scorecard (mandatory for MBBS abroad eligibility)
  • 4Proof that the university is on the NMC's list of approved foreign institutions
  • 5Physical Examination Record for Foreigner (China-format medical certificate)
  • 6Academic transcripts and 10th/12th certificates with PCB marks
  • 7Valid passport with at least 18 months validity
  • 8Foreigner Physical Examination Form and HIV/health test reports
  • 9Proof of first-year tuition fee payment (for visa and registration)
  • 10Eligibility Certificate from NMC (recommended before departure)

Government Schemes

For China studies, the applicable Indian government schemes are: (1) Section 80E tax deduction. Full deduction on interest paid on education loans from RBI-registered banks and NBFCs for up to 8 years. This applies to all China MBBS and engineering loans. (2) Dr. Ambedkar Central Sector Scheme, interest subsidy during the moratorium period for SC/ST and OBC students for overseas studies, with a family income cap of โ‚น8 L. (3) Padho Pardesh-successor minority schemes, interest subsidy for eligible minority-community students pursuing studies abroad. (4) State-level subsidies, several states (Tamil Nadu, Telangana, Andhra Pradesh, Kerala) provide additional interest subvention for students, including those pursuing MBBS abroad. Because China MBBS loans are moderate in size, the 80E deduction combined with a state subsidy can meaningfully reduce the effective cost. Critically, all scheme and loan eligibility depends on the university being NMC-approved, confirm this first. Note: the Section 80E deduction is available only under the old tax regime.

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Compare China With Other Study Destinations

Education loan guides for every country Indian students study in

Education Loan for China FAQs

Common questions Indian students ask about studying in China on loan

MBBS in China typically costs โ‚น36โ€“64 Lakhs total over 6 years (tuition + living), and you can get a loan covering the full amount. NBFCs (Avanse, Auxilo, Tata Capital) commonly fund China MBBS up to โ‚น35โ€“40 L unsecured based on co-applicant income. PSU banks (SBI, Bank of Baroda) fund up to โ‚น1.5 Cr but usually require collateral above โ‚น7.5 L. For most families, a โ‚น25โ€“35 L loan covers the entire MBBS program. The university must be on the NMC-approved list for the loan to be sanctioned.
Yes. Provided you study at a university on the National Medical Commission's (NMC) list of approved foreign medical institutions, qualified NEET before joining, and clear the FMGE (being replaced by NExT) after graduation. Studying at an NMC-approved Chinese university plus clearing the licensing exam gives you full registration to practice medicine in India. Lenders verify NMC approval before sanctioning a loan precisely because a non-approved degree cannot lead to Indian practice. FundMyCampus confirms NMC status before you apply for either admission or a loan.
Yes. NBFCs are the most common route for unsecured China MBBS loans, Avanse and Tata Capital fund up to โ‚น40 L, and Auxilo up to โ‚น35 L, without collateral, based on the co-applicant's income and the university being NMC-approved. Private banks like ICICI offer up to โ‚น40 L unsecured for top-ranked universities. PSU banks (SBI, BoB) typically require collateral for the full MBBS amount beyond โ‚น7.5 L. Because doctors have strong earning potential after FMGE, lenders are comfortable extending unsecured loans for legitimate NMC-approved medical programs.
China issues the X1 Student Visa for MBBS and degree programs. The process is largely document-based with no rigorous financial interview. You need: (1) the admission letter and JW202 form from your university. (2) proof of ability to pay, typically the loan sanction letter on bank letterhead stating amount and disbursement schedule. (3) co-applicant bank statements for the last 3โ€“6 months. After arriving, you convert the X1 to a Residence Permit within 30 days, which requires a medical exam. Proof of first-year tuition payment is the key financial document at both stages.
FMGE (Foreign Medical Graduate Examination) is the licensing test Indian students must clear after studying MBBS abroad to practice in India. It is being replaced by the NExT (National Exit Test). Clearing it grants NMC registration and the right to practice. It matters for your loan because lenders assess your ability to repay based on becoming a practicing doctor in India after clearing FMGE/NExT. And they only fund NMC-approved universities whose graduates are eligible to sit the exam. Your earning capacity as a doctor post-FMGE is effectively the security behind an unsecured China MBBS loan.
Total timeline from application to first disbursement: typically 3โ€“5 weeks. Document collection 1 week. Bank/NBFC processing 5โ€“20 days (5โ€“8 for NBFCs, 7โ€“14 for private banks, 15โ€“20 for PSU banks). Sanction letter 1โ€“2 days. Agreement signing and verification 3โ€“5 days. Disbursement to the Chinese university 2โ€“5 working days. Since the JW202 form and X1 visa require proof of first-year tuition, start the loan process at least 2 months before the intake deadline so the first tranche reaches the university in time.
A private MBBS seat in India can cost โ‚น60 Lakhs to over โ‚น1 Crore in tuition alone, plus capitation in some cases. An NMC-approved MBBS in China costs roughly โ‚น36โ€“64 Lakhs total including living expenses over 6 years. The difference comes from lower tuition at Chinese public universities, government subsidies for international programs, and lower living costs. For students who qualify NEET but miss government medical seats in India, China offers a legitimate, far more affordable path to the same goal, a recognised MBBS and the right to practice in India after FMGE/NExT.
Yes. While China is best known among Indian students for affordable MBBS, lenders also fund engineering Bachelor's, Master's, and PhD programs at recognised universities such as Tsinghua, Shanghai Jiao Tong, and Zhejiang. ICICI and Axis fund top-ranked engineering and technology programs, and NBFCs cover a broader range. Costs are lower than MBBS. A 4-year engineering degree is roughly โ‚น24โ€“43 L all-in, and Master's programs less. Many engineering and PhD students also receive partial or full scholarships from Chinese universities, reducing the loan needed. Section 80E tax benefits apply to all of these. Note: the Section 80E deduction is available only under the old tax regime.
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