Pursuing an MBBS course in India is a dream for thousands of medical aspirants. However, medical education can be extremely expensive and hence it can a financial nightmare for some families. The Course Fees in medical institutions can vary dramatically, from between Rs.5 lakhs to Rs.1 crore+ India depending on the institution type (government or private). Hence, maximum students and parents look for financial assistance in loans to fulfil their dream. Education Loans for MBBS therefore provide a useful and accessible option.
The education loans available to students are just a special form of financial products which are offered of banks, NBFCs etc. to fund your medical education over multiple years – Tuition Fee, Hostel Costs, Books, Lab Charges, Course Materials, and even living costs for the period of the course. The good news is that a number of Banks are now providing 100% financing options as well as long duration repayment (15 years repayment most common) and competitive interest rates especially for prestigious medical institutions such as AIIMS, JIPMER, AFMC, and the leading state medical colleges.
This guide outlines the step-by-step process of getting an education loan for MBBS in India. It explains all the details from eligibility criteria to documentation and disbursement of loan amount. We have also done a real-time bank-wise comparison of various education loan lenders i.e. state bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Axis bank, HDFC Credila and Kotak Mahindra Bank among others. Whether you are studying in India or abroad, this guide will help you to select a suitable financial partner to facilitate your journey in medical study.
So, let’s dig in and find out how you can study for MBBS without sacrificing your career.
Why MBBS Studies Require Substantial Funding?
Medical education is said to be among the costliest under graduate courses in India, especially MBBS. The government medical colleges have the tuition fees that most people would consider cheap (exclusively from an undergraduate’s perspective)—Rs.50,000 to Rs.1 lakh per annum. However, they have a limited number of seats and are extremely competitive. For those pursuing MBBS in private or deemed universities, the costs hover between Rs.50 lakhs to over Rs.1 crore (in some cases) depending on the university.
In addition to the tuition fee, let’s include hostel fees, labs fees, books, medical instruments, travel, along with personal expenses throughout the 5.5 years of MBBS study, including internship. If you’re considering studying MBBS abroad, typically speaking, you will pay higher costs too, where costs are in the range Rs.40–80 lakhs (with expenses include living costs overseas).
Gap Between Personal/Family Resources and Medical Tuition
The vast majority of families in India cannot afford to pay so much money upfront during admission. Some parents may draw on their life savings, sell property or liquidate investments to fund their child’s education, but this is rarely an advisable option for a number of reasons. Although financial strain is likely to impact the student’s education, it is also likely to impact the entire family’s long-term economic condition.
This is where education loans for MBBS become very important. Banks or NBFCs help fill the gap between available funds, and total education costs, making it easier for students to chase their dreams without financially burdening their families.
Long-Term Benefits of Investing in a Medical Career
The initial investment for an MBBS is substantial, but the returns are seen in the long term with great returns. A qualified doctor earns a respectable salary immediately after finishing their internship period in India and increasing salary after completing post-graduation or super-specialization. Doctors also enjoy job security, peer and societal respect, and they have the ability to work anywhere in the world if they choose to.
Additionally, most banks have flexible repayment structures with moratorium periods (the time it takes to finish the course duration + 1 year), students only start to repay the loan once they start earning. Education loans even have tax exemptions under Section 80E of the Income Tax Act, which makes them even more financially sound.
Types of Education Loans Available for MBBS
Whether you plan to study in India or abroad, an MBBS programme will often require financial assistance in the form of education loans for medical aspirants. There are several different types of loans with regards to the lenders, eligibility, loan amounts to be borrowed, repayment options, and collateral requirements. Understanding the differences between education loans will allow you to best select the option that will meet your academic and financial needs.
1. Government-Backed Education Loan Schemes
Vidya Lakshmi Portal (National Scheme)
Launched by Ministry of Education, the Vidya Lakshmi Portal is a central government scheme. It is run by the NSDL e-Governance. The Portal is especially helpful for students applying for education loans to get connected with the various public sector and private sector banks that are lending money for education loans in compliance with the guidelines of the government. The Vidya Lakshmi Portal allows students to:
- Apply to more than one bank via a single application.
- Track applications for loans
- Access subsidy schemes like the Central Sector Interest Subsidy Scheme (CSIS).
Under the Central Sector Interest Subsidy Scheme (CSIS), students from economically weaker sections (i.e., family income <Rs.4.5 lakhs per annum) will be relieved of paying the interest payable during the moratorium period. This will provide significant relief to the applicant in the initial years of their course studying.
2. Bank-Specific Education Loan Products
Numerous Indian banks—including public banks as well as private institutions—provide specialized education loans specifically for MBBS students. These loans are generally broken down in to two sections:
Domestic MBBS Education Loans: These are education loans and are intended for students studying MBBS in India with specific features such as:
- Amount: MBBS education loans can be given up to about Rs.10 – Rs.20 lakh (some banks can loan more depending on collaterals).
- Rate of Interest: The interest rates are similar to any personal loan, it starts at around 8.50% to about 11.50%, depending on the bank and borrower profile.
- Moratorium Period: Moratorium period is usually the period of the course + 12 months.
- Tenure: The tenure is usually determined up to 15 years.
- Tax Benefits. Under section 80E of the Income Tax Act, the loan will be eligible to offer tax benefits.
Banks that offer MBBS Loans in India:
- SBI Scholar Loan Scheme – the only scheme that offers significant interest subsidy on loans for students studying in premium medical colleges (such as AIIMS, AFMC, etc).
- Bank of Baroda Baroda Digital Education Loan – this scheme will allow you to get up to Rs.125 lakh in loans for educational tuition in India or outside of India.
- PNB Udaan Scheme – study both at home or abroad.
- Axis Bank and Kotak Mahindra Bank – private lenders that offer quick processing and offer unsecured loans.
3. Special Loans for NRI and International MBBS Students
There are specialized loan products for Indian citizens heading abroad for their MBBS or Non-Resident Indian (NRI) students returning to India for medical studies.
HDFC Credila offers customized loans to Indian students studying in more than 4,600+ foreign institutes in 63 different countries with unsecured loans for up to Rs.75 lakhs.
Kotak Mahindra has partnered with Credila to process loans for education abroad, assisting with funding for overseas MBBS programs.
It is common for some private banks to provide education loans specifically for NRIs. However, eligibility requirements tend to be stringent; it is often required that these loans are secured by stronger collateral or income from a co-borrower.
| Type of Loan | Ideal For | Key Features |
|---|---|---|
| Government-backed (Vidya Lakshmi, CSIS) | Students from EWS/low-income backgrounds | Subsidized interest during moratorium, apply to multiple banks |
| Public/Private Bank MBBS Loans | Students in India | Loans up to Rs.20–50 lakhs, tax benefits, competitive interest |
| Loans for MBBS Abroad | International students | Covers tuition, travel, visa, cost of living; loan up to Rs.75L |
| NRI / Special International Loans | NRI students or those studying abroad | Requires strong documentation, higher eligibility norms |
Eligibility Criteria for MBBS Education Loans
Prior to applying for an education loan, it’s advised to consider the standard eligibility criteria that each Indian bank will follow, as well as a few NBFCs in India. The specific requirements may vary from lender to lender, however, here are the standard requirements an MBBS aspirant need to satisfy when applying for a loan:
1. Academic Qualifications & Entrance Exam Requirements:
Banks & Finanial Institutes usually want to understand what you have done and or what you are studying academically, as well as your acceptance/ application status before they issue a loan.
- Admission Acceptance: A student must show they have secured admission to a recognized MBBS course via the entrance examination process such as NEET- UG (National Eligibility cum Entrance Test) for acceptance for admission process for an allowed foreign university.
- Recognized Status: The college, or university (in campus located in India), must be an institution recognized by the appropriate regulatory bodies such as National Medical Commission (NMC), University Grants Commission (UGC), Association of Indian Universities (AIU), Medical Council of India (MCI), World Health Organization (WHO), or not intended for foreign bodies.
- Minimum Marks Requirement: Not all banks ask for this, however, some banks want students to provide and maintain a minimum percentage overall (usually 50-60%) in Class 12, or any qualifying examination for US undergraduate program.
- Course type: Only regular full time MBBS courses will be approved (not distance or part time).
Suggestion: The confirmation of the admission letter will give your application a significant boost.
2. Age and Nationality Norms
Education loans are typically accessible for Indian citizens, employing some different age considerations.
- Nationality: The applicant must be an Indian citizen or Person of Indian Origin (PIO). NRIs may apply according to special schemes or through parents/guardians in India.
- Age Limit: Most banks do not impose an age limit for the student. However, co-applicants (parents or guardians) need to be in the 21–70 age bracket at the time of loan submission and loan closure.
- Minor Applicants: For a student who is a minor at the time of sanction, the co-borrower will sign on behalf of the minor. When the student turns 18, the student might have to submit a ratification letter.
3. Co-Applicant Credit Criteria
As most MBBS aspirants are financially dependent, banks require a co-applicant or co-borrower (usually parent, legal guardian, or close relative) to endorse the loan.
- Co-applicant is Mandatory: Required in almost all loans to establish repayment capacity.
- Documented income proof: The co-applicant needs to provide documentation that states income such as:
- Salary slips (last 3-6 months)
- ITR for previous 2-3 years
- Form 16 or bank statements
- Credit Score Requirement: 700+ CIBIL score is usually preferred for quick approval. Loans may be rejected on account of poor credit history or require collateral upfront.
- Proof of relationship: Some banks may ask for documented proof of the relationship between student and co-applicant (e.g. Aadhaar card, family register, etc.)
Note: If your parent is self-employed or retired, there are some NBFCs (e.g. HDFC Credila, Axis Bank) that will evaluate loans based on assets or alternative income in a flexible manner.
Documents Checklist: What You’ll Need for an MBBS Education Loan
When taking out an education loan for MBBS, documentation is very important. Regardless of whether you are applying to a public sector bank, private lender, or NBFC (HDFC Credila for example) the required documentation will all show evidence of your identity, deservingness as a candidate for an education loan, your admission status, income support and collateral, if needed. These documents will most likely resemble the following fairly exhaustive document list.
1. Identity & Address Proof
You (the student) and your co-applicant (your parent or guardian) will need to bring original documents for verification for your identity and your place of residence because of KYC (Know Your Customer) regulations. You will need:
Identification Proof:
a. Aadhaar Card
b. Passport
c. Voter ID
d. PAN Card
e. Driving License
Address Proof:
a. Aadhaar Card
b. Utility bills (Electricity/Water)
c. Ration Card
d. Passport
e. Rent Agreement (with bill to support address proof)
2. Academic Records of the Applicant (Student)
Your past academic performance helps lenders evaluate your seriousness and eligibility for medical studies. Required Academic Documents:
- Class 10 and 12 Mark Sheets and Passing Certificates
- NEET Scorecard or Rank Letter
- Proof of admission (via counselling or direct offer letter)
- Migration Certificate (if changing state boards or universities)
3. Admission Letter & Fee Structure
A confirmed admission letter is one of the most critical documents. It assures the bank that you have secured a legitimate seat in a recognized MBBS program. Required Admission-Related Documents:
- Official admission letter from the college/university
- Course commencement date and duration
- Complete fee structure on institute letterhead (tuition, hostel, exam fees, etc.)
- Prospectus or printout from the official website (in case fee structure isn’t in the letter)
4. Income Proof of Co-Applicant (Parent/Guardian)
As students do not have income most of the time, lenders depend on the co-applicant’s financial ability. The bank also assesses whether the co-applicant can repay the loan, particularly in the case of unsecured loans.
If Salaried:
- Latest 3 to 6 months salary slips
- Latest Form 16 or ITRs for the last 2 years
- Bank account statements (last 6 months)
- Employer ID card or employment certificate
If Self-Employed:
- ITRs for the last 2 to 3 years
- Profit & Loss statement and Balance Sheet
- Business registration proof (GST, license, etc.)
- Last 6 months current account statement
5. Collateral Documents (if applicable)
Public Banks loan amounts for more than Rs. 7.5 lakh or co-applicant income below lender’s opinions guidelines may require a collateral security. This could be a residential property, fixed deposit, non-agricultural land, or insurance policy. Collateral Document Checklist:
- Sale deed or registered ownership documents
- Most recent property tax receipt
- Encumbrance certificate (No legal dues)
- Approved building plan or layout of property
- Legal & valuation report (could sometimes be done by the bank)
Note: Banks such as SBI, BoB, Union Bank conduct their own legal & technical verification of your property before they disburse the loan.
6. Additional Documents (if applicable)
- Completed application form (available from online user or offline)
- Recent passport size photograph (student & co-applicant)
- Signature undertaking from bank
- Proof of relationship between applicant and co-applicant (birth certificate, family ID, etc.)
Note: Always check with your bank / NBFC if they require additional forms / declaration depending on your profile.
Summary Table: MBBS Education Loan Document Checklist
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar, PAN, Passport, Voter ID |
| Address Proof | Aadhaar, Utility Bills, Passport |
| Academic Records | 10th & 12th Marksheets, NEET Scorecard, Migration Certificate |
| Admission Letter | College admission offer, Course Fee Structure |
| Co-applicant Income Proof | Salary slips, ITRs, Form 16, Business proof (for self-employed) |
| Bank Statements | Last 6 months for both student and co-applicant |
| Collateral Documents | Property papers, FD receipts, land records, legal/valuation reports |
| Others | Photos, Relationship Proof, Signature Verification |
Top Banks Offering MBBS Education Loans in India
Securing an MBBS seat is only the beginning; financing your medical education is the next step. Fortunately, there are many leading Indian banks that give an option of education loans for MBBS and other medical studies. Some of the Top banks providing MBBS education loans based on terms of loans given, interest rates, collateral norms and student friendly features are given below.
These banks provide loans to students pursuing MBBS in India and overseas, and many of these banks are also associated with various government initiatives such as Vidya Lakshmi Portal and have special schemes for premier medical institutes.
| Bank/Loan Scheme | Loan Amount | Interest Rate (Approx.) | Collateral Required | Processing Fee | Repayment Tenure | Special Features |
|---|---|---|---|---|---|---|
| SBI – Student/Scholar Loan | Up to Rs.7.5L (unsecured); up to Rs.50L+ | From 9.55% p.a. | No collateral up to Rs.7.5L; Required above | Nil (for some loans) | 15 years + moratorium | Special scheme for AIIMS, JIPMER, etc. (SBI Scholar) |
| Bank of Baroda – Gyan/Medico Elite | Up to Rs.125L | From 9.15% p.a. | Waived for premier institutes (Medico Elite) | Nil | Up to 15 years | Higher limits for MBBS & customized schemes |
| PNB – Saraswati/Udaan | Rs.10L (India); Rs.20L+ (abroad) | From 9.40% p.a. | Required above Rs.7.5L | Nil | 15 years | 0.50% concession for female students; portal-enabled |
| Canara Bank – Vidya Turant | Rs.30L to Rs.50L (based on institute tier) | From 9.25% p.a. | No security for premier institutes | Nil | 15 years + moratorium | Tier-based limits; no prepayment penalty; CSIS subsidy eligible |
| Axis Bank – Education Loan | Up to Rs.75L or more | From 13.70% p.a. | Required above Rs.7.5L | As per amount | Up to 15 years | Flexible co-applicant rules and quick processing |
| HDFC Credila – Education Loan | Up to Rs.75L or more | From 10.25% p.a. | Optional (depends on profile) | Varies | Up to 15 years | 100% finance; paperless; flexible repayment |
| Union Bank – Union Medicos | Up to Rs.40L (India); Rs.1.5Cr (abroad) | From 9.25% p.a. | Waived for premier institutes | Nil | 15 years | Premier institute tie-up scheme; generous limits |
| Kotak Mahindra Bank | Flexible (Rs.10L–Rs.75L+) | Up to 16% p.a. | Required for large amounts | Yes | Up to 15 years | Partnered with HDFC Credila; fast approval |
Disclaimer: The education loan amounts, interest rates, collateral requirements, and processing fees mentioned in this article are based on the latest publicly available information. However, these details may vary based on individual student profiles, institute category, bank policy updates, and market conditions. Applicants are strongly advised to verify the exact terms and conditions with the respective bank or consult with a certified admission or education loan advisor before making any decisions.
Step-by-Step Education Loan Process
Pursuing an MBBS degree can require significant finances, and getting an educational loan can be overwhelming without the proper guidance. To help streamline the process, here is a straightforward and systematic approach to getting an educational loan for MBBS studies in India:
Step 1: Research and Shortlist Banks in Advance of Applying for the Loan
The first step before applying for any loan is research. There are many banks, NBFCs, and government backing schemes that you need to spot which one is suitable for your financial profile and your academic plan.
How to compare loan products online:
Start by visiting the official websites of banks or using comparison platforms like Vidya Lakshmi Portal or BankBazaar. Look closely at key parameters such as:
- Loan coverage (Tuition + Living expenses)
- Interest rate (fixed or floating)
- Repayment terms and moratorium period
- Maximum and minimum loan amount
- Requirement of collateral
Importance of talking to bank relationship managers:
A bank’s website may not always provide you with customized advice each time you interface with it. A relationship manager (or education loan officer) can help you with:
- Clarifying questions around specific terms
- Identifying special schemes available to MBBS students
- Confirming whether the medical college is classified among premier institute categories (and whether those may receive quicker loans or unsecured loan permissions)
Checking the fine print and hidden costs/things:
Always check for hidden charges related costs associated with:
- Processing charges
- Pre-payment penalties
- Insurance
- Late payment fees.
- It really is worth reading the loan brochure and sanction terms to save on surprises.
Step 2: Online Application Process
Next, you will need to fill up the education loan application online. Today, technology has enabled most banks and NBFCs to provide a hassle-free step for this process digitally.
Using the Vidyalakshmi Portal for education loans that receive government support:
Vidyalakshmi Portal is a government portal operated by NSDL by virtue of the support of the Ministry of Finance. It provides facilities to students to:
- Register and apply to a max of 3 banks simultaneously
- Monitor application status
- Get education loan sanctioned by eligible Government Banks with a loan disbursal from another (for example: getting education loan sanctioned from SBI, PNB, or Canara Bank etc. and then having actual loan funds disbursed by the bank).
You can also use the online portals of the banks:
Here is one flow if you are applying for private banks (like Axis Bank, Kotak Mahindra, HDFC Credila):
- Select “Education Loan” → “On-line application” or “Apply Now” for an education loan
- Fill in your personal details, academic details, and financial details
- Upload scanned documents (if required)
- Submit the education loan application, and when completed you will receive a unique application number for tracking the application.
Step 3: Submitting Documents and Verification
After you submit the application online, banks will then begin to gather documents and verify vital information. This is a critical point in making a decision about your eligibility and the loan amount.
Physical vs digital documents:
- Some government banks may still ask you to provide paper copies at a nearby branch or when you booked an appointment
- Private banks or NBFCs such as HDFC Credila or Axis may accept soft copies via email, or through their web-based portals
Some typical verification delays and how to avoid them:
- KYC details mismatch- mismatch name on Aadhaar and PAN
- Incomplete income documents from co-borrower’s co-applicant
- Missing admission or fee confirmation from college
The best procedures to avoid delays is to make a checklist to avoid paperwork, ensure that your signatures on all documents match those on the original documents, and keep a copy of the document submission
Following up with the bank to expedite processing:
Do not presume that the bank will follow up proactively. Call or email the loan officer at least once or twice in every 2 to 3 days as a reminder for processing the application. Often an active administration assists in eliminating delays and accelerates approval time.
Step 4: Loan Sanction and Offer Letter
Once all documents and verification have been cleared, the bank shall issue a sanction letter to you. A sanction letter is a formal proposal for loan approval.
Understanding a sanction letter requires focusing on important clauses:
- Sanctioned amount and margin money (what you contribute)
- Interest rate (fixed/floating and what type of benchmark like MCLR/RLLR)
- Moratorium period (the time before EMI repayment starts)
- Disbursing of loan and disbursal schedule
- Pre-disbursal conditions (Insurance, registration of collateral, etc.)
Negotiating better terms before acceptance: Some banks allow you to negotiate:
- Processing fee reduce
- Minor interest rate improve (atleast for premier clientele, highly scoring clients))
- More favourable terms on collateral
Time duration from sanction to disbursement:
It takes 7 to 15 working days after all documents are provided to get a sanction letter from the bank. When using fast payment banks like HDFC Credila, you should expect quicker timeframes.
Step 5: Disbursal of Funds
After you have accepted the sanction offer, we can move on to the final step of disbursing your funds. Depending on your offer, this could either be:
- A lump sum payment for full-year tuition fees
- or, disbursing semester-wise consistent with the college fee schedule.
Direct payment to the college vs. reimbursement model:
- In most cases, banks will directly pay tuition fees to the college (which is both a preferred, and safer route);
- In some instances, you may be reimbursed if you have already paid the first semester installment and provide proof.
Staggered disbursal consistent with semester fee scheduling:
- You will need to submit a new request or invoice before each new disbursal.
- Your responsibility to maintain a calendar of fee due dates, and advise the bank.
Tracking your loan account once it has been disbursed:
You can track, or monitor your education loan account via:
- Net banking or mobile apps for most banks
- Regular SMS/e-mail updates
- Regular loan statements that you can use for tax deduction, under section 80E
Now that most banks predominately register all education loan transactions, you should maintain a good service record to ensure that your repayments in the future run smoothly.
Frequently Asked Questions
Q. Can I apply for an education loan for MBBS without collateral?
A. Banks have been providing collateral-free education loans (that are capped at Rs.7.5 Lakh) for MBBS under IBA (Indian Banks’ Association) model since quite some time. Banks such as Canara Bank have even created schemes that offer higher limits and no collateral like Canara Bank Vidya Turant, SBI Scholar Loan and others, for students studying in reputed government colleges.
Q. What is the interest rate for MBBS education loans in India?
A. When it comes to interest rate in India, the rates are generally between 8.15% to 12.5% per annum. The interest percentage for educational loans will vary based on several characteristics, some of these characteristics include Bank/NBFC also; Loan Amount; College Category (Govt or private) ; with/without collateral. An example may be HDFC credila which provides customised interest rates while Public Banks like SBI or PNB offer floating loans pegged to either MCLR or RLLR rates.
Q. Which Banks are best for MBBS education loans in India?
A. Leading Banks that offer MBBS Loans include but are not limited to: the top banks are: SBI Scholar Loan, Canara Bank Vidya Turant, PNB Udaan, Bank of Baroda Bank Baroda Gyan & MediElite, Axis Bank Education Loan, Union Medicos (Union Bank), IDFC First Bank, ICICI Bank, Kotak Mahindra Bank, HDFC Credila (NBFC’s). All of which offer varying interest rates; with/without Collateral; and partner colleges.
Q. What documents are required to apply for an MBBS education loan?
A. You will need Admission letter from medical college, Class 10, 12, and NEET scorecards, Identity & address proof (Aadhaar, PAN, etc.), Income proof of parent/guardian (ITR/salary slips), Bank statements (last 6 months), Collateral documents (if required) & Schedule of course expenses. Private lenders may also ask for co-applicant KYC, academic history, and insurance documents.
Q. How much loan can I get for MBBS in India and abroad?
A. Loan limits depend on the lender, you can get up to Rs.10 to 15 lakhs for MBBS in India (without collateral) & up to Rs.50 lakhs or more for premier institutes or abroad (with/without collateral). For example, Canara Bank Vidya Turant offers up to Rs.50 lakhs for ISB, Rs.30 to 40 lakhs for other top institutes.
Q. Is a co-applicant required for MBBS education loans?
A. In most cases, a co-applicant is mandatory. In most instances, your co-applicant will be your parent or legal guardian. Any income/credit history of your co-applicant will certainly affect approvals especially, for loans without collateral.
Q. Is interest subsidy available for MBBS education loans?
A. If your family’s net income falls below Rs.4.5 lakhs per annum you may be eligible for the Central Sector Interest Subsidy Scheme (CSIS) for the moratorium period (course duration + 1 year). Public sector banks such as SBI, Canara, and PNB as well as other banks have the subsidy implemented under government guidelines.
Q. What is the repayment period for MBBS education loans?
Most education loans for MBBS come with Moratorium period: Course duration + 12 months & Repayment period: Up to 15 years. You start repaying EMIs only after the moratorium ends. Some banks also allow partial interest payments during the course.
Q. Can I apply for an MBBS education loan from an online platform?
A. You can apply through the Vidya Lakshmi Portal, visit the banking website (like SBI, Axis, Kotak, etc.), or apply directly on an NBFC site (like HDFC Credila). An online application will usually allow for documentation to be uploaded online and also provide better visibility to tracking the status of the loan.
Q. When do I apply for the loan – before or after NEET results?
A. You can research and shortlist lenders even before NEET results. However, you will require your offer letter and your completed NEET merit list when applying for sanction. Therefore, it would be important to obtain pre-approval or conditional approval to avoid a last-minute panic during your college admission with the funding for your MBBS course.