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Yes, you can apply for an education loan to pursue MS in Obstetrics and Gynaecology in a private medical college. Indian banks offer loans for postgraduate medical courses, and the loan amount can go up to 40 lakhs or more, depending on the institution. For higher amounts, collateral will likely be required. You will need to submit proof of admission, a fee structure, and co-applicant financial documents. Compare banks to find the best interest rates and repayment terms. Some banks may also offer moratorium periods during which you don’t have to make repayments.

In most cases, failing a subject will not stop loan disbursement, but it depends on the bank's policy. Some banks require students to maintain a minimum academic performance, while others may continue to disburse the loan if you are still enrolled in the course. You should inform the bank and explain your situation. If you can demonstrate that you are progressing in your course, the bank is likely to disburse the loan for the next semester. Be sure to check the specific terms of your loan agreement.

You will need to resolve the Aadhaar and PAN linking issue before applying with Canara Bank. Contact SBI’s loan department to officially close the previous application, ensuring they have de-linked your Aadhaar and PAN. Once done, obtain written confirmation of the closure. You can then proceed with the Canara Bank application. If you face further issues, visit a bank branch to rectify the problem, and they can guide you on the next steps.

Both options—CSIS (Central Sector Interest Subsidy Scheme) and direct application through the bank—are viable. CSIS offers an interest subsidy for students from economically weaker sections (EWS) during the moratorium period, which can reduce your overall repayment burden. However, applying directly through the bank may offer more flexibility in loan amounts and terms. It’s essential to assess your financial situation and eligibility for CSIS before deciding. If you qualify for CSIS, it may be the better option as it lowers interest costs.