Foreign Study Loan Scheme (GUEEDC)
in Gujarat
Last updated:
Foreign Study Loan Scheme (GUEEDC) in Gujarat
Foreign Study Loan Scheme (GUEEDC) is a government scheme available to eligible residents of Gujarat.
Apply for Foreign Study Loan Scheme (GUEEDC) in Gujarat
Scheme Overview
Loan scheme offering up to ₹15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with flexible collateral and repayment conditions.
Eligibility Criteria
The applicant must be a **citizen of India** and a **resident of Gujarat.**1. The applicant must belong to the **Unreserved category**.1. The applicant must have passed **Class 12 with 60% or more marks**.1. The applicant must be seeking admission to **MBBS, Master’s, PG Diploma, or equivalent programs abroad.**1. The applicant’s annual family income must be **₹6.00 lakh or less.**
Benefits
Loan Amount: Up to ₹15.00 lakh
Interest Rate: Simple interest at 4% per annum
Collateral:
Up to ₹7.50 lakh: Property valued at 1.5 times the loan amount
Above ₹7.50 lakh: Property equal to the loan amount
Loan Repayment:
Up to ₹5 lakh: repay in 5 years after 1-year moratorium
Above ₹5 lakh: repay in 6 years after 1-year moratorium
Borrower can pre-pay without penalty
Required Documents
| # | Document |
|---|---|
| 1 | Class 12 Marksheet (60% or above) |
| 2 | Unreserved category proof |
| 3 | Income certificate (₹6 lakh or less) |
| 4 | Admission letter to foreign university |
| 5 | Collateral documents (immovable property details): |
| 6 | For up to ₹7.5 lakh: property worth 1.5 times of loan amount |
| 7 | Above ₹7.5 lakh: property worth 100% of loan amount |
| 8 | Post-dated cheques (5 nos.) in favor of Corporation |
| 9 | Identity proof (Aadhaar/Voter ID/Passport) |
| 10 | Passport copy and visa (once issued) |
| 11 | Bank passbook or cancelled cheque |
How to Apply in Gujarat
Visit the Official Website: https://gueedc.gujarat.gov.in Click on “Register” and fill in your basic details such as name, email, mobile number, and create a password. Login to Your Account. From the dashboard, select the “Foreign Study Loan” sche…
Online Visit the Official Website: https://gueedc.gujarat.gov.in Click on “Register” and fill in your basic details such as name, email, mobile number, and create a password. Login to Your Account. From the dashboard, select the “Foreign Study Loan” scheme . Fill the Online Application Form. Upload Required Documents. Submit the Application. Save or note down your unique application ID for future reference. Print the Application Form. Submit the signed hard copy and original documents for verification at the GUEEDC office or as directed.
Common questions in Gujarat
Who can apply for Foreign Study Loan Scheme (GUEEDC) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Foreign Study Loan Scheme (GUEEDC). Refer to the eligibility section above for the complete checklist.
What documents are required for Foreign Study Loan Scheme (GUEEDC) in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Students from unreserved category with **60%+ in Class 12** and **annual income ≤ ₹6 lakh.**