How to Get Education Loan for MBBS in Russia

MBBS in Russia is an opportunity less to strive and more to behold. The students can apply for educational loan MBBS in Russia for, private and government loans that provide them the maximum opportunity to run down the cost of living and expenses. Choosing the best loan for education is a very crucial decision for students to meet unforeseen expenditures in Russia and hence should be taken wisely.

Cost of Studying MBBS in Russia

Russia is one of the top 8th destinations around the globe where students come to study the MBBS program. Russian universities have a good infrastructure and high-quality education facilities. The cost of MBBS in Russia is inclusive of affordable tuition fees and requires international aspirants to have a good hold in English. Over 20,000 students are studying medicine in Russian universities and all of the institutions of learning are recognised by the NMC and WHO.

Expenses for Study MBBS from Russia

Tuition fees for MBBS in Russia vary significantly based on the university and its location. On average, the annual tuition fee for MBBS programs in Russia extends to nearly  3 to 8 Lakh INR. 

Overall fees in Russia for Education

Medical college fees in Russia for well-renowned universities like  Kazan State Medical University, Bashkir State Medical University, and Crimea State Medical University have annual tuition fees in the range of 4 to 6 Lakh INR, amidst the other affordable options like Volgograd State Medical University where the annual tuition fee is comparatively low.

The cost of MBBS in Russia is very systematically split into transportation costs, cost of living and lodging, miscellaneous expenses cost, cost of food and laundry, and healthcare.

MBBS in Russia becomes a very planned education segment where all the expenditure is segregated properly and all costs are met. The study includes transportation, miscellaneous expenses during the program of study, and in-house expenditures like accommodation and lodging which are met easily.

Types of Educational Loans 

While pursuing an MBBS in Russia students must be able to see the extra facilities which they can get from different places to cut down their education costs. There are 2 types of educational loans namely:-

Secured loan loans have a high level of security as they involve borrowers providing collateral security such as property, fixed deposits, or other valuable assets like gold against the loan amount. These loans are related to less risk intakes and lower interest rates making the option cost effective for borrowers.

Education is a very planned and concrete segment and so should be carried on wisely. Secured loans provide an ample amount of time for the borrower to repay and have a life of ease.

Unsecured loans:- Unsecured loans are not taken against any collateral and the damage to be incurred is less as students feel an amount of ease while taking them and there is no grant or security against which they are chargeable. These loans have less security and higher interest rates.

MBBS education in Russia is a dream of millions of students and we have a lot of international aspirants who pursue their education without any hurdles. There are a lot of expenses to be met by the students but overall the feeling of having to do a medicine program overseas is a quest for success and should not be missed for the world.

Loan Eligibility for MBBS in Russia

For all those students who wish to do an MBBS in Russia and take an educational loan to meet their expenses the following eligibility has to be met:-

• Receipt of an admission offer or an acceptance letter from a recognized university for MBBS in Russia.
• Applicants need to be a minimum of 18 years old to apply for an educational loan.
• A good qualifying grade in 10th and 12th is required as mandatory for MBBS education in Russia.
• Secured loans require the necessity of collateral security.

Educational Loan Documents for MBBS in Russia

The documents required to acquire the loan are:-

• An acceptance letter from the desired university the student has enrolled in.
• Fully completed application form.
• All the study expenses apart from medical college fees in Russia.
• Proof of residence and identity
• PAN card details of the applicant
• Bank statement of guardian or the person taking guarantee for the expenses.
• A statement of assets from the guardian.

Top Bottom Line

MBBS in Russia can be a definite possibility for every student who comes from overseas to make a dream career. Minimum expenses can be created with educational loans and studying in a beautiful environment can be enriching.