Got an admit to Nepal Medical College? Compare collateral-free education loans from 12+ banks & NBFCs, get rates from 6.85%, and see how much you can borrow, your EMI, and the Nepal Student Visa (Non-Tourist) proof you'll need.
₹15–35 L
Typical Loan
48 Hours
Approval
From 6.85%
Interest Rate
Loan Snapshot
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₹15–35 L typical for Nepal
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Unsecured options available
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The Complete Guide
Nepal Medical College is a emerging college / institute in Nepal — one of the top destinations for Indian students, with around ~12,000 heading there each year. A typical programme costs ₹30–45 L for MBBS; ₹6–15 L for general degrees, so most students fund it with an education loan rather than paying out of pocket.
For Nepal, Indian banks and NBFCs sanction loans of ₹15–35 L on average, with unsecured limits going significantly higher for strong academic and co-applicant profiles. Top lenders for Nepal Medical College include State Bank of India (SBI Student Loan), Bank of Baroda (Baroda Scholar), Avanse Financial Services — each with different rates, processing times and university lists, which is why comparing offers matters.
FundMyCampus matches you to the right lender for Nepal Medical College, negotiates your interest rate, and handles the paperwork end-to-end — completely free for students. This guide covers how much you can borrow, the best banks, cost breakdowns, EMI estimates, and the Nepal Student Visa (Non-Tourist) financial proof you'll need.
Your Journey
From admit to disbursement — what FundMyCampus handles end-to-end.
Check eligibility
Free 2-min quiz tells you which banks will approve and at what rate.
Submit documents
Upload through our portal — we organise and stress-test before submission.
Sanction in days
Most Nepal loans approved in 5–14 days. We chase the bank for you.
Disbursement
Bank wires fees directly to Nepal Medical College. You focus on the move.
Rates span roughly 3–4% across lender types. PSU banks (SBI, BoB) are cheapest at 8.50–10.75% but need collateral over ₹7.5 L and take 15–25 days. Private banks (ICICI, Axis) sit at 10.50–12.75% with 7–14 day processing. NBFCs (Avanse, Auxilo, Credila) run 11–14.5% — highest, but fund the full fee unsecured and fastest. On a ₹35 L Nepal MBBS loan over 10 years, a PSU rate can save ₹7–9 L in interest versus an NBFC. For low-cost general degrees the absolute difference is small, so speed and convenience often outweigh the rate; for MBBS, the collateral-backed PSU route is well worth pursuing if you can.
State Bank of India (SBI Student Loan)
Max: ₹40 L
8.50% – 10.50%
Lowest rates for Nepal studies. Collateral required above ₹7.5 L. Best for MBBS where families have property and 15–25 days to process.
Bank of Baroda (Baroda Scholar)
Max: ₹40 L
8.85% – 10.75%
Strong PSU option for NMC-approved Nepalese universities and general degrees. Year-wise disbursement. Collateral typically above ₹7.5 L.
Avanse Financial Services
Max: ₹40 L
11.00% – 14.00%
Funds the full MBBS fee unsecured on co-applicant income. Best for families without collateral. 5–10 day approval.
Auxilo Finserve
Max: ₹35 L
11.50% – 14.50%
Overseas-MBBS specialist NBFC. Flexible on co-applicant profile; approves declined cases. Fast 5–8 day processing.
HDFC Credila
Max: ₹40 L unsecured
11.00% – 13.50%
Largest unsecured limit for Nepal MBBS. 5–8 day approval. Good for last-minute admits and single-sanction needs.
ICICI Bank Education Loan
Max: ₹40 L
10.50% – 12.75%
Faster than PSU banks (7–14 days). Balanced rate-vs-speed option for both MBBS and general courses in Nepal.
For Nepal, the collateral picture depends on the course. For general degrees (engineering, management, IT) costing ₹6–15 Lakhs, the entire amount often fits within or just above the ₹7.5 Lakh unsecured PSU-bank limit — frequently fundable unsecured or with a small FD pledge. MBBS is different: at ₹30–45 Lakhs total, PSU banks (SBI, Bank of Baroda) require collateral above ₹7.5 L. Accepted forms: residential property (LTV 75–85%), fixed deposits (LTV 90%), LIC policies, and government bonds. Families without property can use NBFCs — Avanse, Auxilo, HDFC Credila — which fund the full MBBS fee unsecured on co-applicant income at rates 2–3% higher, with approval in under 10 days. A common approach for MBBS is to pledge an FD or property with a PSU bank for the lowest rate, or split a ₹7.5 L unsecured PSU loan with an NBFC top-up.
Use these Nepal estimates to right-size your Nepal Medical College loan — under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.
Tuition
Living
Travel
Misc + Books
Average Total Program Cost
₹30–45 L for MBBS; ₹6–15 L for general degrees
Typical for Indian Master's students
| Program | Tuition | Living | Travel | Misc | Total |
|---|---|---|---|---|---|
| MBBS (5.5 yrs incl. internship) | ₹28–38 L | ₹6–10 L | ₹0.8–1.5 L | ₹1.5–2.5 L | ₹36–52 L |
| BDS / Dentistry (5 yrs) | ₹16–24 L | ₹5–8 L | ₹0.6–1.2 L | ₹1–1.5 L | ₹22–35 L |
| Engineering / B.Tech (4 yrs) | ₹4–8 L | ₹4–7 L | ₹0.6–1 L | ₹0.8–1.2 L | ₹9–17 L |
| BBA / MBA / IT (3–4 yrs) | ₹3–7 L | ₹3–6 L | ₹0.5–1 L | ₹0.6–1 L | ₹7–15 L |
Visa Essentials
What you need to prove for your Nepal student visa to Nepal Medical College
Year 1 fees
Tuition Proof
₹1–2
Living Funds
Mandatory
Loan Letter
3 key items
Requirements
Key Requirements
Indian students enjoy a uniquely easy path to Nepal: under the India–Nepal friendship arrangement, Indian nationals do…
For admission and the (non-tourist) student registration process, you'll typically provide: (1) The education-loan…
Because Nepalese medical and general universities usually bill fees year-by-year, lenders disburse the loan in annual…
Indicative EMIs for a Nepal education loan, 10-year repayment after the moratorium period.
₹15 L · 10% · 10 yrs
~₹19,800
Monthly EMI
₹25 L · 10.5% · 10 yrs
~₹33,700
Monthly EMI
₹35 L · 11% · 10 yrs
~₹48,200
Monthly EMI
₹40 L · 11.5% · 12 yrs
~₹52,000
Monthly EMI
₹35 L · 9% · 15 yrs
~₹35,500
Monthly EMI
₹10 L · 10.5% · 7 yrs
~₹16,900
Monthly EMI
After Graduation
What awaits Nepal Medical College graduates post-study
Available
Post-study work
Yes
PR pathway
Strong
Salary growth
~12,000/yr
Indian community
Highlights
Nepal is primarily a study destination for Indian students, with most returning to India to work or practise.
For engineering, management, and IT graduates, the typical path is to return to India and join the workforce, or use…
For loan repayment, MBBS graduates usually clear FMGE/NExT within 6–12 months and begin earning in India (junior…
Compare loan options for similar institutions.
Success Story
““Nepal made sense for me — close to home, English-medium, and an NMC-approved college with a curriculum almost identical to India's. The fee was around ₹35 L, and because my family had a small property to pledge, FundMyCampus helped me get an SBI loan at under 10%, far cheaper than the NBFC quotes I'd received. The loan was disbursed year by year, so my interest stayed low while studying. I'm now preparing for the NExT exam with an EMI I can comfortably manage.”
Common questions Indian students ask about funding their studies at Nepal Medical College