Introduction
How Much Education Loan Can I Get? Higher education in India is becoming increasingly expensive, especially for professional courses like medicine and engineering. it is as more students pursue careers in these fields, education loans are playing a critical role in supporting their academic journeys. However, the cost structure and funding needs for medical and engineering programs differ significantly, influencing how much students can borrow.
In this article, we compare medical vs engineering loan amounts, examine what banks typically offer in 2025, and help students & parents understand which factors influence these limits and how to prepare for loan applications.
Loan Requirements: Medical vs Engineering
| Category | Medical | Engineering |
| Course Duration | 5.5 years (MBBS) | 4 years (B.E/B.Tech) |
| Typical Fees | ₹50 lakh – ₹1 crore (private) | ₹3 lakh – ₹20 lakh (private/IITs) |
| Living Costs | Moderate to high (especially in cities) | Moderate |
| Foreign Study Costs | ₹1 crore+ | ₹40 lakh – ₹1.5 crore |
Medical courses usually require higher loan amounts. How Much Education Loan Can I Get, especially in private and international institutions.
Loan Amounts Offered in 2025
Unsecured (No Collateral)
| Loan Type | Engineering Students | Medical Students |
| Public Banks | Up to ₹7.5 lakh | Up to ₹7.5 lakh |
| Private Banks/NBFCs | ₹10–15 lakh (for top-tier) | ₹15–25 lakh (NEET rankers) |
Approval depends heavily on the co-applicant’s financial profile and the reputation of the institution.
Secured (With Collateral)
| Loan Type | Engineering Students | Medical Students |
| Public Banks (SBI, PNB) | ₹20 lakh – ₹1 crore | ₹50 lakh – ₹1.5 crore+ |
| NBFCs (HDFC Credila, Avanse) | Full cost coverage | Full cost coverage |
Medical students often require higher loan limits, especially when studying in private colleges or abroad.
Loan Approval Factors
- Admission status (confirmed seat through NEET/JEE or equivalent)
- Institute ranking
- Co-applicant income & CIBIL score
- Collateral value (if applicable)
- Course expense structure
Which Is Easier to Fund?
- Engineering loans are often easier to get for smaller amounts due to lower tuition costs.
- Medical loans are more complex, usually require collateral, & demand long-term repayment planning.
Conclusion
In 2025, education loans for medical students typically involve higher amounts than those for engineering students, due to longer course durations and higher tuition fees. How Much Education Loan Can I Get While both streams are well-supported by public and private lenders, medical aspirants often need collateral-based loans to cover costs above ₹20–30 lakh, whereas most engineering students can manage with loans between ₹5–15 lakh unless studying abroad or at elite institutions.
Understanding your course requirements, financial profile, & the loan limits offered by banks will help you make an informed decision & ensure that your career goals are not limited by financial constraints.