Education Loan for MBBS in Russia 2025 : Interest & How to Apply

Education Loan for MBBS in Russia: Costs, Eligibility, Interest Rates and More

More than 750,000 students wish to study medicine abroad in 2022–2023, and Russia is a popular destination because of its affordable and well-regarded medical institutions. This blog will have all the information you need to know before taking an education loan for MBBS in Russia.

‍

Why Study MBBS From Russia? Top Benefits You Should Know

If you're planning to pursue MBBS abroad, Russia stands out as a popular and practical choice. Here’s why many Indian and international students choose Russia for their MBBS education.

1. Affordable Tuition Fees: Compared to countries like the US or UK, MBBS in Russia is much more cost-effective.

2. Globally Recognized Degrees: Russian medical universities are recognized by WHO, NMC (India), and other global bodies.

3. No Donation or Entrance Exams: Most Russian universities do not require capitation fees or entrance exams (besides NEET for Indian students).

4. English-Taught Programs: Many universities offer MBBS courses in English, making it accessible for international students.

5. Advanced Infrastructure: Russian medical universities have modern labs, equipment, and teaching methods.

6. Diverse Student Community: You’ll study alongside students from all over the world, enriching your experience.

7. Global Career Opportunities: A degree from Russia can open doors to medical careers in multiple countries with further licensing.

‍

Is Pursuing MBBS in Russia a Good Option for Indian Students?

On Reddit, a student shared their experience while considering MBBS in Russia. They wrote:

“I scored 372 in NEET and I’m planning to study MBBS in Russia, but I’m worried about moving abroad alone. How can I avoid fraud with agents, and is it safe for Indians? What about language, weather, and adjusting to a new culture?”

Other users in the thread, including Indian students already studying in Russia, shared their experiences and advice. They suggested choosing only MCI/NMC-approved universities, avoiding unverified agents, and connecting with alumni or senior students before applying. They also noted that while big cities like Moscow and St. Petersburg offer better exposure and peer networks, extreme cold and cultural differences can be challenging initially. Safety is generally good for Indians, but staying alert and building a supportive peer circle is important.

The consensus from students was that MBBS in Russia can be a worthwhile option if approached carefully with proper research and preparation. Following verified guidance, understanding the local environment, and connecting with experienced students significantly improves the overall experience.

‍

Cost of Studying MBBS in Russia 2025:

Before we get started, let's discuss how to receive an education loan for an MBBS in Russia.

Along with planning your education loan for MBBS in Russia, be aware of these costs, as they can add up quickly.

Expense Category	Approximate Cost in INR
Passport Application	6,000 – ₹10,000
NEET Application Fee	1,500 - 2,500
University Application Fee	5,000 - 10,000
Flight Tickets	20,000 - 50,000
Travel Insurance	10,000 - 20,000
Visa Fee	6,000 – 10,500
Miscellaneous	10,000 - 20,000

When calculating the Cost of Studying MBBS in Russia, don’t forget to include tuition, living expenses, travel, and books—similar to how engineering education costs are broken down.

Upon arrival, you must budget for additional expenses beyond the course tuition fees. Here's an approximate breakdown to help you plan ahead:

Expense Type	Monthly Cost in INR
Accommodation	15,000 - 30,000
Food	10,000 - 15,000
Transportation	2,000 - 5,000
Study Materials	3,000 - 5,000
Miscellaneous	5,000 - 10,000

‍

Get 100% education loan for any college in India with Propelld.

‍

Fees for MBBS in Russia 2025:

Here is the approximate fees for standard universities in Russia:

University Name	Location	Tuition Fees/Year (INR)	Hostel Fees/Year (INR)
Altai State Medical University	Altai	₹3,25,600	₹44,000
Astrakhan State Medical University	Astrakhan	₹3,25,600	₹44,000
Bashkir State Medical University	Ufa	₹3,08,000	₹79,200
Crimea Federal University	Crimea	₹3,74,000	₹52,800
Immanuel Kant Baltic Federal University	Kaliningrad	₹3,52,000	₹70,400
Ivanovo State Medical Academy	Ivanovo	₹3,60,800	₹66,000
Kazan Federal University	Kazan	₹4,84,000	₹88,000
Kazan State Medical University	Kazan	₹6,16,000	₹52,800
Kuban State Medical University	Krasnodar	₹3,08,000	₹61,600
Kursk State Medical University	Kursk	₹4,48,800	₹88,000
Pacific State Medical University	Vladivostok	₹2,64,000	₹88,000
Peoples' Friendship University of Russia	Moscow	₹6,16,000	₹1,05,600
Ryazan State Medical University	Ryazan	₹3,96,000	₹79,200
Tambov State University	Tambov	₹3,69,600	₹1,05,600
Volgograd State Medical University	Volgograd	₹5,28,000	₹96,800

Must Read: Education Loan for Abroad Studies in 2024

‍

Get up to 100% education fees financed with Propelld. Quick process and full support.

‍

Types of Student Loans in Russia

Selecting the appropriate student loan is crucial for those looking to enrol in MBBS programs in Russia. There are typically two categories of student loans: secured and unsecured.

Here is a comparison:

Secured Education Loans	Unsecured Education Loans
Require collateral (e.g., real estate, fixed deposits, or other tangible assets)	Do not require collateral
Lower interest rates	Higher interest rates
Higher loan limits	Lower borrowing limits
More accommodating repayment schedules	May have more stringent repayment requirements
Longer application process due to collateral evaluation	Faster processing and issuance
Less risk for the lender	Higher risk for the lender
Affordable option for consumers	Great option for students without assets to pledge
Can contribute to fully funding an international education	Allow students to fulfil financial commitments earlier

Understanding the Types of Student Loans in Russia can help you compare options available for international students, just as outlined for Canadian institutions.

Must Read: How to Get an Education Loan for Abroad Studies in 2024?

‍

Lenders for Education Loan for MBBS in Russia 2025:

After discussing the various loan types, let's examine the available financing options for obtaining an education loan to pursue an MBBS in Russia. The lenders listed below can offer you an education loan to study MBBS in Russia.

Lender Name	Max Loan Amount	Interest Rate Range
SBI	Up to 1.5 Cr	11.15%
UBI	Up to 1 Cr	9.25% - 9.75%
BOB	Up to 1 Cr	9.70% onwards
Bank of India	Up to 1.5 Cr	9.80% - 11.40%
ICICI	Up to 1 Cr	9.50% - 11.25%
HDFC Credila	Up to 75 Lakh	10.25% - 12.75%
Avanse	Up to 75 Lakh	10.50% - 13.50%

With rising tuition and living costs, knowing how to apply for a student loan for abroad studies can make your journey easier and stress-free.

Must Read: Banks that Give education loans without collateral for Abroad

‍

Minimal paperwork, quick approval, and easy online process. Check eligibility now.

‍

Expenses Covered by Education Loan For MBBS in Russia

An education loan covers all of the expenses associated with going to college, freeing up students' time to concentrate on their studies without worrying about money. Besides tuition, you can also use these loans to cover various costs. They are:

Category	Expenses Covered
Tuition	Primary tuition fees
Accommodation	Housing or dorm costs
Academic Fees	- Test fees - Lab fees - Library fees
Study Materials	- Books - Equipment
Travel	Expenses for studying abroad
Insurance (for overseas students)	- Health insurance - Travel insurance

‍

MBBS Education Loan Eligibility in Russia

The prerequisites for obtaining an education loan are the same for students wishing to enrol in other international programs and an MBBS program in Russia. Achieving success in the loan application process requires that you fulfil specific eligibility standards. They are:

1. Students holding a full-time MBBS program acceptance offer from a prestigious Russian institution.

2. An applicant must be at least eighteen to qualify for a loan.

3. A strong track record of academic success is necessary.

4. Conversely, collateral is another requirement for secured loans.

‍

‍ Turn your education dreams into reality with quick, flexible Propelld loans.

‍

Education Loan Documents for MBBS in Russia

The documentation requirements for students seeking an education loan to pursue MBBS in Russia are specific to ensure a smooth loan approval process. The necessary documents generally include:

1. Acceptance letter from the Russian University for the MBBS program.

2. Fully completed loan application form.

3. Detailed breakdown of the study expenses.

4. Proof of identity.

5. Proof of residence.

6. PAN card details of the applicant.

7. Bank statements from the guarantor, co-borrower, or the student.

8. A statement of assets from the guarantor, co-borrower, or the student.

9. Provide Proof of income for the guarantor, co-borrower, or student.

‍

How to Get an Education Loan for MBBS in Russia?

‍

Applying for an education loan to study medicine in Russia is a calculated move that needs to be carefully thought out and carried out. By helping with living and tuition costs, this financial aid can free up students' time so they can concentrate on their medical education. Here is the whole process:

1. Look up and select potential lenders
Start by researching banks or NBFCs offering education loans for MBBS in Russia. Compare loan amounts, interest rates, repayment terms, and processing fees.

2. Verify the eligibility requirements
Check if you meet the lender’s conditions like age, Indian citizenship, course type, and admission to a recognised university abroad.

3. Compile the required paperwork
Collect documents like admission letter, academic records, ID proof, income proof of co-applicant, and collateral (if needed).

4. Complete the application
Fill out the loan form online or at the bank. Make sure the details are accurate to avoid delays.

5. Apply and submit documents
Submit the filled application along with all required documents. Double-check for accuracy and completeness.

6. Loan assessment and approval
The bank will verify documents, check collateral (if any), and assess your application. This may take a few days to weeks.

7. Loan sanction and agreement
If approved, you’ll receive a sanction letter with loan terms. Read it carefully and sign the agreement.

8. Disbursement
Once signed, the loan amount is sent to the university or you as per the payment schedule. It may be released in parts or full.

‍

Education Loan for MBBS in Russia Without Collateral

Students going to Russia for MBBS can get education loans without giving any property or security (collateral). Banks and NBFCs usually give up to ₹7.5 lakhs education loan without collateral if a parent or guardian with a steady income applies as co-applicant. Some lenders may also offer higher loan amounts without collateral, depending on your marks, the college, and the co-applicant’s income.

These loans can cover your college fees, hostel, travel, insurance, and living costs. You usually start paying the loan after finishing your course, with some time to settle first (called a moratorium). You’ll need to give documents like your admission letter, marksheets, ID proof, and co-applicant income proof. Always compare different lenders for better interest rates and easy repayment options.

If you have any doubts, read this blog to learn more about getting an education loan for MBBS, Eligibility, and Interest Rates.

‍

Get a no collateral Education Loan

‍

Are you parent of a JEE/NEET aspirant?

Join the group and get latest updates, expert advice on counselling and college selection. Completely FREE!

Join Now!

Need guidance on funding your MBA College Fees?

Join the group and learn about the ways you can fund your MBA. Completely FREE!

Join Now!

‍

FAQs: Education Loan For MBBS in Russia

What are the eligibility criteria for obtaining an education loan for MBBS in Russia?

To qualify for an education loan, students generally need to have secured admission to an MBBS program in a recognised Russian medical university. Other criteria may include:

1. An excellent academic record.

2. Indian citizenship.

3. A co-applicant (usually a parent or guardian) with a stable income.

What maximum loan amount can be sanctioned for studying MBBS in Russia?

The maximum loan amount varies by bank, but it typically ranges from ₹20 lakh to ₹1.5 crore. Some banks may offer higher limits based on the student's academic performance and the co-applicant's financial standing.

Are there any margin requirements for education loans for MBBS in Russia?

Yes, most banks require a margin of 5% to 15% for studying abroad. This means the student or their family needs to contribute a percentage of the total education cost, while the loan covers the rest.

What is the interest rate for an education loan for MBBS in Russia?

Interest rates typically range from 8% to 12% per annum, depending on the bank and loan amount. Government-backed loans offer lower rates, especially for economically weaker sections.

Is there a moratorium on education loan for MBBS in Russia?

Yes, most education loans come with a moratorium period, the course duration plus 6 to 12 months after completion. The borrower is not required to make full payments during this period, though some banks might charge simple interest.

Do education loan for MBBS in Russia require collateral?

For loans above a certain threshold (usually ₹7.5 lakh), banks generally require collateral in property, fixed deposits, or other financial assets. However, some schemes might offer loans without collateral for specific conditions.

What documents are required to apply for an education loan for MBBS in Russia?

Required documents typically include admission confirmation from the Russian university, academic records, proof of identity and residence, income proof of co-applicant, and collateral documents (if applicable).

Can I get a loan to cover the entire cost of studying MBBS in Russia, including travel and living expenses?

Education loans usually cover tuition fees, travel expenses, living costs, insurance, and other related expenses. Some banks have specific limits on these components, so verifying with the lender is essential.

How long is the repayment tenure for an education loan for MBBS in Russia?

The repayment tenure usually ranges from 5 to 15 years, depending on the loan amount and the bank’s policies. Borrowers can often choose a tenure that best suits their financial situation.

What is the process of disbursement of an education loan for MBBS in Russia?

Loan amounts are typically disbursed directly to the university in instalments per their fee structure. The lender can disburse the Living expenses to the student's account annually or semi-annually.

Are there any tax benefits for repaying an education loan for MBBS in Russia?

Yes, under Section 80E of the Income Tax Act, borrowers can claim a tax deduction on the interest paid on the education loan for MBBS in Russia. This benefit is available for up to 8 years or until the interest is fully paid, whichever comes first.

What happens if the student fails to complete the MBBS course?

If the student fails to complete the course, the repayment obligations remain. The bank may initiate recovery proceedings, especially if the loan is secured with collateral.

Can I get an education loan for MBBS in Russia if I have already taken a loan for another course?

Yes, it is possible, but it depends on your loan repayment status and the bank’s assessment of your creditworthiness. Multiple loans might require higher collateral or stricter terms.

What is the procedure to apply for an education loan for MBBS in Russia?

The process usually involves:

1. Selecting a suitable bank.

2. Fill out the loan application form.

3. Submitting the required documents.

4. Undergoing a credit evaluation.

5. Receiving a loan sanction letter upon approval.

Is there a prepayment penalty for education loans for MBBS in Russia?

Most banks do not charge prepayment penalties, allowing borrowers to repay the loan early without additional costs. However, confirming this with your bank before signing the loan agreement is advisable.

How much money is needed for books while studying MBBS in Russia?

Books usually cost between ₹15,000 to ₹30,000 per year, but some universities offer digital libraries to cut down expenses.

Can I get a student loan for MBBS in Russia?

Yes, many Indian banks and NBFCs provide education loans for MBBS in Russia. You need admission proof, a co-applicant and basic documentation.

Is there an education loan available for studying MBBS abroad in Russia?

Yes, public and private banks offer loans for MBBS abroad. Loans can cover tuition fees, hostel, travel, and other expenses.

What is co-ed hostel life like for MBBS students in Russia, and how do blogs and vlogs help?

Co-ed hostel life in Russia is safe, comfortable, and well-managed, with separate areas for boys and girls. Students enjoy shared spaces like kitchens and study rooms, promoting a sense of community. Indian students usually adjust well and form diverse, multicultural friendships. Many students share their hostel life experiences in blogs and vlogs, covering food, safety, daily routines, and co-ed living. These stories help future MBBS aspirants know what to expect and how to prepare for life in Russia.

Can I get an education loan for MBBS in Russia or Ukraine?

Yes, Indian banks offer loans for both countries, but some lenders may have country-specific restrictions post-Ukraine conflict. Russia is still a popular choice.

How much vacation time do MBBS students get in Russia?

Students typically get 2 major vacations – summer (around 2 months) and winter (2–3 weeks), depending on the university schedule.

How much education loan can I get for an MBBS degree?

Loan amounts vary but can go up to ₹20–50 lakhs. For amounts above ₹7.5 lakhs, collateral may be required unless funded by NBFCs.

What are the options available for SBI education loan for MBBS in Russia ?

SBI offers two main loan options: the SBI Student Loan Scheme (up to ₹7.5 L without collateral) and the SBI Global Ed-Vantage Scheme (₹7.5 L–₹50 L without collateral if the university is SBI-approved). Both cover tuition, living expenses, and travel, with flexible repayment terms and interest concessions for female students.

Education Loan for MBBS in Russia 2025 : Lenders, ROI & How to Apply

Get Your Education Funded

Table of Contents

Apply Education Loan