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Top affordable MBBS destination for Indian students

Education Loanfor Georgia

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

Georgia has become one of the most popular and affordable destinations for Indian students pursuing MBBS abroad. NMC-approved medical universities in Tbilisi and Batumi offer a 6-year MD program in English, with total costs of ₹39–82 Lakhs, a fraction of private medical college f…

₹20–35 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.

Georgia: study destination for Indian students

Country Snapshot

Tuition (yr)
₹3–6 L per year
Living (yr)
₹4–6 L per year
Visa
Georgia D-3 Student (Immigration) Visa / Residence Permit
Indian students
~8,000/yr

Why Georgia

Top reasons Indian students choose Georgia

World-class universities

14+ approved institutions

Strong career outlook

~8,000 Indian students/yr

Loan-ready

All 12+ FundMyCampus banks lend here

Global network

Clear post-study work pathway

The Complete Guide

Studying in Georgia

Georgia has rapidly become one of the most popular destinations for Indian students who want to become doctors but cannot afford the steep fees of private medical colleges in India. The country's NMC-approved medical universities, concentrated in Tbilisi, Batumi and Kutaisi, offer a 6-year MD program (equivalent to MBBS) taught entirely in English, with a curriculum aligned to international standards and recognition in the WHO World Directory of Medical Schools.

01

The economics are compelling: a full 6-year MBBS in Georgia typically costs ₹39–82 Lakhs all-in (tuition ₹3–6 L/year plus living and travel), compared with ₹60 L–₹1.5 Cr for a private MBBS seat in India. This affordability keeps loan amounts manageable, and a thriving market of MBBS-abroad lenders, SBI and Bank of Baroda for low-rate secured loans, and Avanse, Auxilo and Tata Capital for full-amount unsecured loans, makes financing straightforward. Lenders disburse tuition year-by-year directly to the university, matching the program's fee schedule.

02

This guide covers everything an aspiring doctor needs: realistic 6-year cost breakdowns, the best lenders for secured versus unsecured cases, how the loan satisfies Georgia's student-visa requirements, NMC-approved universities, sample EMIs, and the all-important FMGE/NExT path to practising in India. The two non-negotiables we stress to every family: choose an NMC-approved university, and plan for the FMGE/NExT from day one. Get those right, and Georgia offers one of the most cost-effective routes to a medical career.

Cost of Studying in Georgia

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

₹39–82 L for 6-year MD (MBBS)

Total for 6 years, including living costs. Batumi and Kutaisi ₹39–69 L, Tbilisi ₹48–82 L.

ProgramTuitionLivingTravelMiscTotal
MD (MBBS): 6 years, Tbilisi₹18–36 L (₹3–6 L/yr)₹24–36 L (₹4–6 L/yr)₹3–5 L₹3–5 L₹48–82 L
MD (MBBS): 6 years, Batumi / Kutaisi (lower cost)₹15–30 L (₹2.5–5 L/yr)₹18–30 L (₹3–5 L/yr)₹3–5 L₹3–4 L₹39–69 L
Dentistry (DDS): 5 years₹15–30 L₹20–30 L₹3–4 L₹3–4 L₹41–68 L
Master's / other PG (1.5–2 yrs)₹4–10 L₹8–12 L₹1.5–2 L₹1.5–2 L₹15–26 L

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

Your Journey

How your Georgia 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 Georgia loans approved in 5–14 days. We chase the bank for you.

4

Disbursement

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

Free in 2 minutes

See your eligibility for Georgia loans

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

Best Lenders for Georgia 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 Georgia: up to ₹1.5 Cr

Study abroad, with collateral: 9.65% (9.15% at SBI's select universities) · Study abroad, without collateral: 9.65% at SBI's select universities, up to ₹50 lakh

Lowest rates for Georgia MBBS. ₹7.5 L collateral-free. Secured loans for the full 6-year program. Prefers NMC-approved universities on its list.

Bank of Baroda Vidya logo
Bank of Baroda Vidya

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

For Georgia: up to ₹1.5 Cr

Strong PSU choice for medical studies abroad. Funds NMC-approved Georgian universities. Faster at Tier-2 city branches.

Avanse Financial logo
Avanse Financial

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

For Georgia: up to ₹75 L unsecured

Very popular for MBBS-abroad cases. Flexible on co-applicant profile. Covers tuition + living + travel for the full 6 years.

Auxilo Finserve logo
Auxilo Finserve

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

For Georgia: up to ₹65 L unsecured

NBFC specialising in MBBS-abroad loans with quick turnaround. Disburses per-year tuition directly to the Georgian university.

ICICI Bank Education Loan logo
ICICI Bank Education Loan

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

For Georgia: up to ₹1 Cr

Funds NMC-approved Georgia medical universities. Up to ₹40–50 L unsecured for strong profiles. Fast 7–14 day processing.

Tata Capital Education Loan logo
Tata Capital Education Loan

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

For Georgia: up to ₹65 L unsecured

Covers tuition and living together for MBBS abroad. Useful for families seeking a flexible NBFC with annual disbursement.

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

For Georgia MBBS, the total 6-year cost (₹39–82 Lakhs) is far lower than a private MBBS seat in India, and this keeps loan amounts manageable. SBI and Bank of Baroda offer collateral-free loans up to ₹7.5 Lakhs, which families often combine with part-savings for the first year or two. For the full 6-year program, PSU banks usually require collateral (residential property at LTV 75–85%, fixed deposits at LTV 90%, or LIC policies). NBFCs that specialise in MBBS-abroad, Avanse, Auxilo and Tata Capital, offer unsecured loans up to ₹65–75 Lakhs covering the entire program, which is why a large share of Georgia MBBS students choose them despite the higher interest rate. The convenience of one unsecured loan disbursed year-by-year is a major draw. A critical lender requirement: the Georgian medical university must be NMC-approved (listed by India's National Medical Commission). Banks and NBFCs verify this before sanctioning, because the loan only makes financial sense if you can return and practise in India after clearing the FMGE/NExT exam. Always confirm NMC approval before applying.

Visa Essentials

Georgia D-3 Student (Immigration) Visa / Residence Permit

What you need to prove for your Georgia visa

Year 1 fees

Tuition Proof

₹4–6

Living Funds

Mandatory

Loan Letter

3 key items

Requirements

Key Requirements

  • 1

    To study MBBS in Georgia, Indian students obtain a long-term student visa (D-3 category) which converts into a…

  • 2

    Unlike Western countries, Georgia does not demand a large blocked-account deposit, which keeps the process simpler.

  • 3

    A crucial planning point for any MBBS-abroad student: lenders and your future career both depend on the university…

Top Universities in Georgia

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

UniversityLocationAnnual FeesTier
Tbilisi State Medical University (TSMU)Tbilisi₹6 LPremier (NMC-approved)
Ivane Javakhishvili Tbilisi State University (TSU)Tbilisi₹5 LPremier (NMC-approved)
Batumi Shota Rustaveli State UniversityBatumi₹4 LTier 1 (NMC-approved)
Akaki Tsereteli State UniversityKutaisi₹3.5 LTier 1 (NMC-approved)
David Tvildiani Medical University (DTMU)Tbilisi₹6 LPremier (NMC-approved)
Georgian National University SEUTbilisi₹4.5 LTier 1 (NMC-approved)
Tbilisi Open UniversityTbilisi₹4 LTier 2 (NMC-approved)
European UniversityTbilisi₹4 LTier 1 (NMC-approved)
New Vision UniversityTbilisi₹5 LTier 1 (NMC-approved)
Caucasus International University (CIU)Tbilisi₹4 LTier 2 (NMC-approved)
BAU International University BatumiBatumi₹4.5 LTier 2 (NMC-approved)
Petre Shotadze Tbilisi Medical AcademyTbilisi₹5.5 LTier 1 (NMC-approved)
Georgian American University (GAU)Tbilisi₹4 LTier 2 (NMC-approved)
Ilia State UniversityTbilisi₹4 LTier 2 (NMC-approved)

Get a Loan for Your Georgia University

See lender-wise rates, how much you can borrow, and EMI estimates for popular Georgia universities.

International Black Sea UniversityCaucasus UniversityGeorgian National University SEU, GeorgiaWebster University, Tbilisi (Georgia)Akaki Tsereteli State UniversityAlte UniversityBatumi Shota Rustaveli State UniversityBAU International University BatumiCaucasus International UniversityDavid Tvildiani Medical UniversityEast European University GeorgiaEuropean University Georgia

After Graduation

Career Outlook in Georgia

What awaits Indian graduates post-study

Available

Post-study work

Yes

PR pathway

Strong

Salary growth

~8,000/yr

Indian community

Highlights

  • The post-study path for Georgia MBBS graduates is centred on returning to India to practise, not on working in Georgia.

  • To maximise your chances, choose an NMC-approved university with strong clinical exposure and a track record of good…

  • Georgian degrees are recognised internationally (WHO/World Directory of Medical Schools listed), which keeps global…

Sample EMI Calculations

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

₹25 L · 10.5% · 10 yrs

~₹33,700

Monthly EMI

₹35 L · 11% · 12 yrs

~₹43,900

Monthly EMI

₹55 L · 11% · 12 yrs

~₹68,900

Monthly EMI

₹70 L · 11.5% · 12 yrs

~₹89,800

Monthly EMI

₹40 L · 9% · 10 yrs

~₹50,700

Monthly EMI

₹80 L · 11.5% · 15 yrs

~₹93,500

Monthly EMI

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

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Georgia-Specific Documents

  • 1Admission / invitation letter from the NMC-approved Georgian medical university
  • 2NEET qualifying scorecard (mandatory for MBBS abroad and for FMGE/NExT eligibility)
  • 3Class 10 and 12 mark sheets (PCB: Physics, Chemistry, Biology) with required percentage
  • 4Proof of paid / arranged first-year tuition (often needed before visa issue)
  • 5Loan sanction letter showing tuition + living + travel components
  • 6Valid passport with adequate validity
  • 7Medical fitness certificate and required vaccinations / health insurance
  • 8Birth certificate and academic certificates (apostilled / attested)
  • 9Police clearance certificate (PCC) where required
  • 10English-medium confirmation from the university (program taught in English)

Government Schemes

For Georgia MBBS, the applicable Indian government schemes are: (1) Section 80E tax deduction. Full deduction on interest paid for up to 8 years on loans from any RBI-registered bank or NBFC. This applies to every Georgia MBBS loan and is the most universally useful benefit. (2) Padho Pardesh. Interest subsidy during the moratorium for students from notified minority communities (Muslims, Sikhs, Christians, Buddhists, Parsis, Jains) from families earning ≤ ₹6 L/year. Note this scheme has historically been oriented toward postgraduate study abroad, so confirm current applicability for undergraduate MBBS. (3) Dr. Ambedkar Central Sector Scheme, interest subsidy for SC/ST and OBC students for overseas study, subject to family income caps. (4) State subsidies. Several states (Tamil Nadu, Kerala, Andhra Pradesh, Maharashtra) offer interest subvention for domicile students, some of which extend to MBBS abroad. Because MBBS-abroad loans run 10–15 years, even a small interest subsidy combined with the Section 80E deduction can save several lakhs over the loan life. The Central Sector Interest Subsidy Scheme (CSIS) is generally for study within India. Always confirm scheme eligibility for undergraduate medical study abroad with your loan counsellor. Note: the Section 80E deduction is available only under the old tax regime.

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Compare Georgia With Other Study Destinations

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Education Loan for Georgia FAQs

Common questions Indian students ask about studying in Georgia on loan

Most Indian students need ₹39–82 Lakhs to cover the full 6-year MD (MBBS) program in Georgia, including tuition (₹3–6 L/year), living costs (₹4–6 L/year), travel and miscellaneous. That total is dramatically lower than a private MBBS seat in India, which is the main reason Georgia is so popular. Universities in Batumi and Kutaisi tend to be cheaper than Tbilisi. Lenders typically disburse tuition year-by-year directly to the university, so you draw the loan in stages over the six years.
Yes. Provided you study at an NMC-approved (National Medical Commission listed) Georgian medical university and the program meets NMC standards (English medium, required duration plus internship). After graduating you must clear the FMGE (Foreign Medical Graduate Examination), now transitioning to the NExT (National Exit Test), to get a licence to practise in India. This is the single most important requirement. Always verify the university's NMC approval before accepting admission or taking a loan. Banks check this too before sanctioning.
Yes. NBFCs that specialise in MBBS abroad, Avanse, Auxilo and Tata Capital, offer unsecured loans up to ₹65–75 Lakhs covering the entire 6-year program, which is why many Georgia MBBS students choose them despite higher rates. PSU banks (SBI, BoB) offer up to ₹7.5 L collateral-free but usually require property/FD/LIC collateral for the full amount, in exchange for much lower rates. If your family has property to pledge, a secured PSU loan saves significant interest. If not, an unsecured NBFC loan keeps things simple.
It depends on whether you can offer collateral. (1) With collateral and time in hand: SBI Global Ed-Vantage or Bank of Baroda Vidya, cheapest overall. (2) Without collateral / for convenience: Avanse, Auxilo or Tata Capital, which fund the full unsecured amount with annual disbursement. (3) For a balance of rate and speed at NMC-approved universities: ICICI Bank. Apply to 2–3 lenders in parallel and compare. FundMyCampus checks the university is NMC-approved before you commit.
Yes. As per Indian regulations, qualifying NEET is mandatory for any Indian student pursuing MBBS abroad, and it is also required to be eligible for the FMGE/NExT exam on return. Lenders ask for your NEET scorecard as part of the documentation. You also need Physics, Chemistry and Biology in Class 12 with the required minimum percentage. Without a valid NEET qualification, your degree will not let you practise in India, so banks treat it as an essential document.
For MBBS abroad, lenders disburse the loan in stages rather than all at once. Each academic year, the bank or NBFC remits that year's tuition directly to the Georgian university and releases the living-expense portion as agreed. This is convenient because you only draw (and pay interest on) what you need each year. The full sanction is approved upfront based on the total program cost, but disbursement follows the annual fee schedule. Keep your university payment receipts each year. They are needed for visa/residence-permit renewals.
The FMGE (Foreign Medical Graduate Examination), now transitioning into the NExT (National Exit Test), is the licensing exam Indian students must clear after an MBBS abroad to practise medicine in India. It matters for your loan because your ability to repay depends on becoming a practising doctor. Which requires passing this exam. That is why lenders insist the university be NMC-approved and why you should choose institutions with strong clinical training and good FMGE pass rates, and begin preparation during your final study years.
Lenders offer: (1) Standard EMI after the moratorium (6-year course + 6–12 months). For example, ₹30 L at 11% over 12 years is about ₹35,600/month. (2) Simple-interest servicing during the long study period to keep the principal from ballooning, strongly recommended for MBBS given the 6-year duration. (3) Step-up EMI with lower payments early in your career. Because the MBBS period is long, paying at least the interest during study saves a lot. Most practising doctors clear a ₹39–82 L loan within 5–8 years of qualifying. Section 80E tax deduction applies on the interest portion for up to 8 years. Note: the Section 80E deduction is available only under the old tax regime.
Yes. Your co-applicant (usually a parent or guardian) is jointly liable, so the loan appears on their credit report and affects their CIBIL score. Because MBBS loans are long-tenure (10–15 years), the outstanding balance also affects their debt-to-income ratio for other borrowing until repayment is well underway. Timely interest servicing during study and regular EMIs afterward build their credit positively. Once you qualify as a doctor and begin paying EMIs from your own income, you can request the lender to make you the primary repayer, easing the impact on your co-applicant.
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