Can I get an education loan to study BDS?

Which students are eligible for BDS education loan?

Can I get 100% education loan to study BDS abroad?

Can I get an education loan to study BDS abroad without collateral?

<h2><strong>Introduction</strong></h2>

<p>Getting an undergraduate degree in dentistry abroad, also known as dental surgery or BDS, has an upper edge because it helps students skyrocket their professional careers from an early age. As countries are increasingly opening doors to international students for courses in dentistry, the demand for financing the same has risen. Some of the top courses offering dentistry courses to foreign students include the UAE, Australia, the UK, Canada, &amp; New Zealand. Due to the exorbitant tuition costs, several overseas students secure an education loan for BDS in order to finance their abroad education. Here&#39;s everything you need to know about financing a BDS course abroad.</p>

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<h2><strong>BDS Education Loan Eligibility</strong></h2>

<p>Before signing the loan agreement, students must consider a variety of factors. The following are the eligibility requirements for an education loan for BDS students:</p>

<ul>
	<li style="list-style-type:disc">The candidate must be an Indian citizen or permanent resident</li>
	<li style="list-style-type:disc">The candidate must have been accepted into a BDS programme at one of the participating universities</li>
	<li style="list-style-type:disc">Some banks have age restrictions of 35 years, so verify with the financial institution first</li>
	<li style="list-style-type:disc">Furthermore, criteria impacting the bank&#39;s decision to issue a BDS study loan may include academic excellence, the university reputation, collateral provided, and the applicant&#39;s financial history.</li>
</ul>

<h2><strong>Expenses covered under Education Loan</strong></h2>

<p>The best part of applying for an education loan for BDS with UniCreds is that students may get up to 100% funding, which means the loan will cover all or most of their expenses. The following are some of the costs that students might expect a BDS student loan to cover:</p>

<ul>
	<li style="list-style-type:disc">Tuition Costs</li>
	<li style="list-style-type:disc">Travel &amp; Transport including the tickets</li>
	<li style="list-style-type:disc">Accommodation &amp; Rental expenses</li>
	<li style="list-style-type:disc">University fees &amp; additional course costs</li>
	<li style="list-style-type:disc">Food expenditures</li>
	<li style="list-style-type:disc">Living expenses</li>
	<li style="list-style-type:disc">Laptop</li>
	<li style="list-style-type:disc">Other research, thesis, and project-work-related expenses</li>
	<li style="list-style-type:disc">Any other expense required for BDS</li>
</ul>

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<h3><strong>Top Education Loan Providers in India for BDS Admission</strong></h3>

<p>Following are the top education loan providers offering Indian students with abroad study loans for BDS -</p>

<ol>
	<li style="list-style-type:decimal">Avanse</li>
	<li style="list-style-type:decimal">IDBI Bank</li>
	<li style="list-style-type:decimal">InCred</li>
	<li style="list-style-type:decimal">Axis Bank</li>
	<li style="list-style-type:decimal">ICICI Bank</li>
	<li style="list-style-type:decimal">HDFC Credila</li>
	<li style="list-style-type:decimal">Bank of Baroda</li>
</ol>

<h2><strong>BDS Education Loan financing and collateral requirement</strong></h2>

<p>For an education loan for BDS, banks and financial institutions can fund up to 100% of the loan amount. Most banks do not demand margin money or collateral for a BDS loan up to INR 4 lakhs. Even though collateral is not necessary, a third-party guarantee is required for loans ranging from INR 4 lakhs to INR 7.5 lakhs. However, for loans beyond INR 7.5 lakhs, students must provide collateral.</p>

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<h3><strong>Steps to Apply for a BDS Education Loan</strong></h3>

<p>As opposed to the traditional tedious procedure of applying for a study loan for BDS, UniCreds helps applicants streamline the process and makes it easier for students at every stage - from application to disbursement. Following are the steps to apply for an education loan for BDS -</p>

<ol>
	<li style="list-style-type:decimal">After reviewing the BDS loan eligibility requirements, students must choose the bank they want to proceed with for their loan application or contact one of our specialist loan consultants</li>
	<li style="list-style-type:decimal">Following that, candidates can complete their BDS loan application form online</li>
	<li style="list-style-type:decimal">The UniCreds counsellors also recommend a personalized list of documents/paperwork necessary for the applicant so that he/she may attach the same to the application</li>
	<li style="list-style-type:decimal">Following the attachment of the documents and submission of the application form, the banks will analyse and assess it and then approve and disburse the loan amount</li>
</ol>

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<h2><strong>Repayment of a BDS Education Loan</strong></h2>

<p>Students should preferably begin repaying their education loan for BDS one year after finishing their degree or six months after landing a job, whichever comes first. This time of relaxation is known as the moratorium period. The payback duration is typically 5 to 7 years, however, it might be extended based on the bank&#39;s terms and conditions.</p>