Back to BlogFinance

Education Loans for Medical Courses: Best Banks & Schemes in 2026

Carmal Edu Team 7 min read 10 March 2026

A detailed comparison of education loan schemes from SBI, Canara Bank, HDFC Credila and others for medical and nursing courses across India.

Financing a medical education can seem daunting, but the right education loan makes it manageable. Here's our comparison for 2026...

SBI Scholar Loan

SBI offers up to ₹1.5 crore for premier institutions with competitive interest rates starting at 8.15% p.a.

Canara Bank Education Loan

Canara Bank's Vidya Turant scheme offers quick disbursement with coverage up to ₹40 lakh for MBBS and nursing courses.

HDFC Credila

A dedicated education loan provider offering customised repayment schedules and door-step service.

Documents Required

  • Admission letter from college
  • Mark sheets (10th, 12th)
  • Income proof of co-applicant
  • Bank statements (6 months)
  • Fee structure from college

Have questions about admissions?

Our expert counsellors are ready to guide you — free of charge.

Get Free Counselling →