Education Loan for BDS: Banks and Colleges 2024

The average fee for a BDS degree in India can go from 6 to 9 Lakhs. If you are looking for an education loan for BDS in India or abroad, this is the right blog for you. We have covered the list of top colleges within India and abroad, the application process, and the list of banks giving education loan for BDS.

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Education Loan for BDS in India

India offers some of the best medical schools in the world. Hence, its medical programs are more expensive. You can take out an education loan to finish your BDS in India. The key features of an education loan for BDS studies in India are as follows:

Parameter	Details
Loan Amount	Up to 2 Cr with collateral, Up to 40 lakhs without collateral
Expenses covered	Study costs: Admit fee Tuition and Exam Fees Cost of books Library or laboratory charges Other equipment required for the course Living expenses Hostel charges Other Expenses Insurance Miscellaneous expenses
Moratorium period	Course period plus 6 or 12 months
Repayment tenure	Up to 15 years
Processing fees	10k + 1800 GST or 1 to 2% of the loan amount, depending on the bank

If you’ve taken an education loan for BDS in India, you may be eligible for tax benefits under Section 80E, which allows you to claim deductions on the interest paid — significantly easing your financial burden after graduation.

Are you Eligible for an Education Loan for BDS in India?

Here are the requirements to be eligible for an education loan for a BDS in India:

Need to be a citizen of India
Must have earned at least 50% of the possible points in their 12th grade from an accredited board.
Must have passed an entrance exam or been admitted based on merit to a college for BDS.

Also Read: BDS Syllabus & Subjects 2024: Year Wise and Semester Wise

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List of Banks Giving Education Loan for BDS

Here is a comparison of public and private banks that will provide an education loan for BDS courses in India:

Feature	Bank of Baroda	State Bank of India	Punjab National Bank	Axis Bank	Bank of India	Propelld
Applicable Rate of Interest	Depending on the institution, it ranges from MCLR+ 0.75% to 10.05%	Up to 3 Years: BR+1.50% Above 3 Years: 1.50% + Term Premium (BR is at the rate of 10.00%)	Up to 4 Lacs: 16.50% Up to 7.5 Lacs: 17.50% Above 7.5 Lacs: 15.50%	Not specified	8.35 - 11.05%	12% pa onwards
Max Loan with Collateral	INR 40 Lacs	For AA Category: 40 Lacs For A Category: 20-30 Lacs For B Category: 20 Lacs For C Category: 7.5 Lacs	7.50 Lacs to 15 Lacs	10 Lacs	BOI Star Education Loan: INR 20 Lacs BOI Star Vidya Loan: INR 40 Lacs	Up to 50 Lacs without collateral Up to 2 Crores with collateral
Max Loan without Collateral	INR 80 Lacs	For AA Category: 40 Lacs For A Category: 20-30 Lacs For B Category: 20 Lacs For C Category: 7.5 Lacs	7.50 Lacs to 15 Lacs	10 Lacs	INR 7.5 Lacs	50 Lacs
Processing Fee	Nil	Up to INR 4 Lakhs: No Above INR 4 Lakhs: INR 5,000	Nil	Nil	No Margin up to 4 Lacs	1-3% of the loan amount
Repayment Period	Up to INR 7.5 Lacs: 10 years Above INR 7.5 Lacs: 15 years	15 years	15 years	7 Years	15 Years	15 Years
Margin	Nil	Scholar Loan Scheme: Nil	5% (above 4 Lacs)	Up to loan 4 Lacs: No margin Above 4 Lacs for India: 5%	Nil up to 4 Lacs	1st year- 20% Margin Other years- Nil
Loan Security	Up to 4 lacs: No security required 4 to 7.50 Lacs: Third-party guarantee Above 7.50 Lacs: Tangible collateral security equal to 100% of the loan amount	Up to INR 4 Lacs: Parents as co-borrower INR 4 to 7.50 Lacs: Parent and third-party guarantee Above INR 7.50 Lacs: Tangible security with parents as co-borrower	Co-obligation of parents/guardians as joint co-borrowers	Third-party guarantee Collateral security Assignment of LIC policy (100% of the loan amount) Assignment of future salaries	Collateral required for loans above 7.5 Lacs	Collateral not required
Processing Time	N.A	20 days	15 Days	14 Days	15-20 days	10 times faster than Banks

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*Note: The above interest rates and particulars change with time. Please check with the bank before you make a final call.

Also Read: Medical & Dental Colleges in Bangalore

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Best Colleges for BDS in India

Manipal College of Dental Sciences, Manipal
Nair Dental College, Mumbai
Manav Rachna University, Haryana
Institute of Medical Sciences BHU, Varanasi
Government Dental College And Research Institute, Karnataka
Saraswati Dental College, Lucknow
Guru Nanak Institute of Dental Sciences & Research
Govt. Dental College, Kottayam
Inderprastha Dental College & Hospital, Lucknow
VSPM’s Dental College & Research Center, Maharashtra, Chhattisgarh
RajaRajeswari Dental College & Hospital

Also Read: BDS Course: Full Form, Duration, Fees in Private College

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Education Loan for BDS Abroad

Pursuing your BDS overseas can advance your career significantly because these nations have cutting-edge technologies that can elevate your skill set. However, compared to studying in India, the costs of studying overseas are very high. Here is an overview:

Loan Parameters	Education Loan for BDS Details
Loan Amount	Up to 1.5 Cr with collateral, Up to 1 Cr Without collateral
Expenses Covered	Study costs: Admission Fee Tuition Fee Exam Fees Cost of Buying Books Cost for books/ labs/ any other equipment required Living expenses like stay and food Insurance Travel expenses Miscellaneous expenses
Moratorium Period	Course duration + 12 months
Repayment Tenure	Up to 15 years
Processing Fees	10k + 1800 GST or 1-2% of the loan amount (depends on the bank)

Students planning to pursue BDS abroad can explore various education loan options tailored for medical studies in countries like Canada covering tuition, living costs, and more through top Indian banks and NBFCs.

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Dream College? We’ll Fund It.

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List of Banks Giving Education Loan for BDS Abroad

Several public and private banks in India offer education loans for BDS. Here is a table with a comparison of banks giving education loan for BDS:

Bank Name	Maximum Loan Amount	Margin	Interest Rate	Repayment Duration
State Bank of India (Global ED-VANTAGE)	INR 1.5 crore	20%	11.15%	Repayment within 15 years Repayment starts 6 months after course completion
HDFC Bank (Education Loan for Foreign Education)	INR 20 lakhs	15% (for loans above INR 7.5 lakhs)	13.80% (approx)	10 years for loans below INR 7.5 Lakhs 15 years for loans above INR 7.5 Lakhs
ICICI Bank	INR 1 crore (for international courses)	0-15%	9.40% to 14.00%	10-12 years for UG Courses 12-14 years for PG Courses
Axis Bank	INR 20 lakhs	15% (for loans exceeding INR 4 lakhs)	13.70% to 15.20%	15 years
Punjab National Bank	Depends on the branch, ranges from INR 40 Lacs to above 60 Lacs	15% (for loans above INR 4 lakhs)	9.40% to 12.10%	15 years
Bank of Baroda (Baroda Scholar)	INR 150 Lakhs	15% (for loans above INR 7.5 lakhs)	9.70% to 12.20%	10 to 15 years
Union Bank of India	INR 40 Lakh	15% (for loans above INR 4 lakhs)	10.90% p.a. to 12.55% p.a	15 years

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*Note: The above interest rates and particulars change with time. Please check with the bank before you make a final call.

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Eligibility for Education Loan for BDS Abroad

There are specific eligibility criteria requirements for an education loan for BDS abroad. They are:

Must be an Indian citizen
A score of at least 50% in 10+2
Attend the entrance exam necessary to enter the nation you are visiting.
Language competency exams such as the IELTS or TOEFL.

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Top Colleges for BDS Abroad

Some colleges are particularly reputed for pursuing a BDS degree from abroad. Here is a list of them:

University of Queensland, Australia
University of Adelaide, Australia
Gulf Medical University, UAE
James Cook University, Australia
University of Plymouth, UK
University of Liverpool, UK
Charles Sturt University, Australia
University of Sheffield, UK
University of Hong Kong, China
Karolinska Institutet, Sweden

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Concern about BDS and Education Loan

On Reddit, a student recently shared their dilemma:

“I didn’t score enough in NEET for a government BDS seat. Private colleges are too expensive, but I’m considering taking an education loan. The problem is—everyone says BDS is saturated and the jobs don’t pay enough. What if I end up with debt I can’t repay?”

This captures a genuine concern many medical aspirants face: balancing high private college fees with uncertain career prospects.

Points to consider before taking a loan:

Career planning: Explore pathways like MDS specialization, government exams, or international opportunities where demand for dentists is stronger.
ROI check: Compare the cost of BDS at a private college with expected earnings. A realistic outlook on pay scales will help in planning repayment.
College due diligence: Research the institute’s reputation, infrastructure, and placement support before committing.
Loan strategy: Borrow only what’s needed, and check options like moratoriums or flexible repayment plans offered by lenders.
Mentorship: Talk to seniors or practicing dentists for first-hand insights on job opportunities and long-term prospects.

Pro tip: An education loan can bridge the gap, but the decision should be guided by career clarity and financial planning, not just immediate admission pressure.

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Documents Required for Education Loan for BDS

Category	Required Documents
1. Application Form	Bank application form 2 photographs Signature
2. Applicant and Co-borrower/Guarantor Documents	Proof of Identity: PAN card or Aadhar card Passport (for BDS abroad) Proof of Residency (2 if current and permanent address differ): Passport Voter's ID card Bank account statement Ration card Electricity or telephone bill Co-applicant's documents: 6 months bank account statement (showing salary credits or business transactions)
3. Academic Documents	10th and 12th mark sheets Fee breakdown Admit proof with course duration Entrance exam scorecard
4. Co-applicant's Income Documents	Salaried: Last 3 months pay slips Form 16 of 2 years Employer's ID card ITR of last 2 years Self-employed: ITR of last 3 years Balance sheet with profit/loss account (3 years) Business address proof
5. Other Documents	Co-applicant responsibility declaration Notarised joint affidavit
6. Additional Documents (Optional)	University advance payment receipts Pending loan statements (last one year) Gap explanation (on 100 rupee stamp paper)
7. Collateral Documents	Optional for secured education loans (varies by state)

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Application Process for an Education Loan for BDS

To apply for an education loan for BDS course, follow these steps:

Go to the preferred bank’s website.
Go to the “Education Loans” category, and select the type of loan you want to opt for.
Fill up all required details needed and submit your application.

Check out this blog for an in-depth guide on How to Get Education Loan After 12th.

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Scholarships for BDS

When considering financial assistance for a Bachelor of Dental Surgery (BDS) degree, students can look into a variety of scholarships offered by governments, private organizations, and professional associations. These scholarships often target meritorious students, those from disadvantaged backgrounds, or those committed to public service after graduation.

Scholarships for Students in India (BDS)

Colgate Keep India Smiling Foundational Scholarship Program
Central Sector Scheme of Scholarships for College and University Students
Post-Matric Scholarship Schemes (for SC/ST/OBC/Minority students)
North Eastern Council (NEC) Scholarship

Scholarships for Students in Abroad (BDS)

International College of Dentists (ICD) - WUDAA Scholarship Program
MPOWER Global Citizen/Women in STEM Scholarship
Rotary Club Global Grants/Scholarships
Specific University/Dental School International Merit Awards (e.g., Dean's Entrance Scholarships)

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‍Pursuing a BDS degree requires significant financial planning, but the diverse education loan options from various banks ensure students can find suitable financing solutions. Whether studying in India or abroad, these loans provide essential support with different interest rates, collateral requirements, and repayment terms tailored to individual needs.

With proper research and understanding of the application process, aspiring dental professionals can secure the necessary funding without compromising their educational goals. Propelld simplifies this journey by offering faster processing, higher approval rates, and 100% fee financing without collateral requirements, making quality dental education more accessible to deserving students.

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FAQs on Education Loan for BDS

What is an education loan for BDS?

An education loan for BDS is a financial product offered by banks and financial institutions to help students cover the cost of pursuing a Bachelor of Dental Surgery (BDS) degree.

Who is eligible for an education loan for BDS?

Students who have secured admission to a recognised BDS program in India or abroad are typically eligible. Some banks may require approval from a co-applicant, such as a parent or guardian.

How much loan can I get to pursue BDS?

The loan amount depends on the bank. Generally, banks offer loans up to ₹10-20 lakhs for studies in India, while for overseas education, the amount can go up to ₹30-40 lakhs or more.

What documents are required to apply for an education loan for BDS?

Required documents include an admission confirmation letter, academic records, fee structure, identity proof, address proof, income proof of co-applicant, and bank statements.

What are the interest rates on education loans for BDS in India?

Interest rates for BDS education loans vary by bank, generally ranging from 8% to 12% per annum. It’s advisable to compare rates across banks before applying.

Do I need to provide collateral for an education loan for BDS?

Collateral requirements vary by bank. Loans above ₹7.5 lakhs often require collateral, while smaller loan amounts may not require any.

Can I apply for an education loan for BDS online?

Yes, most banks and loan aggregators offer online application services for education loans. You can also visit their websites for pre-approval checks and document submission.

When do I have to start repaying my BDS education loan?

Repayment typically starts 6-12 months after completing the BDS course or securing a job, whichever comes first. This is called the moratorium period.

Are there any subsidies available for education loans for BDS?

Yes, certain government schemes like the Central Sector Interest Subsidy Scheme (CSIS) offer subsidies on interest for students from economically weaker sections pursuing professional courses like BDS.

Can I get an education loan for BDS without a cosigner?

Some banks and financial institutions offer unsecured loans that do not require a co-signer or guarantor, but these may come with higher interest rates.

What are the repayment options for education loans for BDS?

Repayment options typically range from 5 to 15 years. Banks may offer flexible repayment plans with step-up EMIs, allowing students to start with lower payments.

Can I take an education loan for BDS to study abroad?

Yes, many banks provide education loans for students pursuing BDS degrees abroad. However, the loan amount, collateral requirements, and interest rates may differ from domestic loans.

What happens if I am unable to repay my BDS education loan?

If you're unable to repay the loan, banks may allow for loan restructuring or offer a grace period. However, defaulting on a loan can affect your credit score and lead to legal action.

Are there any tax benefits for BDS education loans?

Yes, under Section 80E of the Income Tax Act, the interest paid on education loans for higher studies, including BDS, is eligible for tax deduction.

Can I prepay my BDS education loan without any penalties?

Most banks allow for prepayment without any penalties, but it’s important to check the terms and conditions in your loan agreement.

What is the typical processing time for an education loan for BDS?

The processing time can range from 7 to 15 days, depending on the bank and completeness of the application. Some banks offer faster approvals if all required documents are in order.

Education Loan for BDS in India: Eligibility, Banks, Top Colleges and Application Process

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