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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.

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About This Scheme

The scheme provides financial loan assistance to students from the unreserved category to pursue higher education abroad. Loans up to ₹15 lakh are granted at simple interest of 4% per annum, with flexible repayment options. Security and repayment conditions depend on the loan amount. This scheme aims to support meritorious, economically weaker students for global education opportunities.

Benefits

₹15.0 L · annual

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

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Class 12 Marksheet (60% or above)
✦
Unreserved category proof
✦
Income certificate (₹6 lakh or less)
✦
Admission letter to foreign university
✦
Collateral documents (immovable property details):
✦
For up to ₹7.5 lakh: property worth 1.5 times of loan amount
✦
Above ₹7.5 lakh: property worth 100% of loan amount
✦
Post-dated cheques (5 nos.) in favor of Corporation
✦
Identity proof (Aadhaar/Voter ID/Passport)
✦
Passport copy and visa (once issued)
✦
Bank passbook or cancelled cheque

✦ Required ◦ Optional

How to Apply

OOnline

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.

Quick Info

Level: Central Government
Max benefit: ₹15.0 L