Table of Contents
- Cost of MBBS in Russia
- Expenses for MBBS from Russia
- MBBS Overall fees in Russia
- Types of Educational Loans
- Eligibility for Loan to study in Russia
- Education Loan Documents
- Conclusion
For many aspiring Indian doctors, MBBS in Russia is a popular choice. The quality of education, affordable tuition fees (compared to Western countries), and recognition by the Medical Council of India (MCI) make it an attractive option. However, funding your medical studies abroad can be a hurdle. This blog will guide you through the world of education loans for MBBS in Russia.
Cost of MBBS in Russia
Russia is the 8th most popular destination worldwide for students pursuing an MBBS program. Russian universities boast excellent infrastructure and high-quality educational facilities. Studying for an MBBS in Russia is affordable, and tuition fees are reasonable. International students are expected to have a strong command of English. More than 20,000 students currently study medicine in Russian universities, all recognised by the NMC and WHO.
Expenses for MBBS from Russia
If you are an Indian student looking for a loan at a Russian university, have a look at the documents required for MBBS in Russia:
Documents required before departure:
- Travel Insurance
- Visa Stamping
- Flight Ticket
- Translation & Apostil for 12th, NEET Certificate, etc., for application to the university
- University application fees cost around 1–1.5 lacs, depending on the university type you select.
Documents required After departure:
- Medical Insurance
- Visa Extension/ Residency Permit
- Temporary stay
- Biometric Update
- Police Verification
- Health Checkup
- Health Insurance
- Translation & Apostil legalisation
Document charges can be around 1500-2500; this may vary as per university requirements. Connect with a trusted Study Abroad University.
MBBS Overall fees in Russia
The annual tuition fees for medical universities in Russia, such as Kazan State Medical University, Bashkir State Medical University, and Crimea State Medical University, range from 4 to 6 Lakh INR per Year. More affordable options, like Orel State Medical University, offer comparatively lower annual tuition fees.
The cost of pursuing an MBBS in Russia is systematically divided into transportation expenses, living and lodging costs, miscellaneous expenses, food and laundry costs, and healthcare.
| Expense type | Monthly cost in INR |
|---|---|
| Accommodation cost | 15000-30000 |
| Transportation | 2000-3000 |
| Study expenses on stationery | 1000-2000 |
| Overhead expenditure | 4000-5000 |
Studying MBBS in Russia is a well-organised educational pathway where all expenses are thoroughly planned and covered. This includes transportation costs, miscellaneous expenses during the program, and in-house expenditures like accommodation and lodging, all of which are easily managed.
Type of Educational Loans
When considering your dream education destination in Russia, students should explore additional facilities to help reduce their education costs. There are two types of educational loans available:
Secured Loans: These loans involve providing collateral security, such as property, fixed deposits, or valuable assets like gold, against the loan amount. Secured loans carry less risk and have lower interest rates, making it a cost-effective option for borrowers. They also offer ample time for repayment, allowing borrowers to manage their finances more efficiently.
Unsecured Loans: Unsecured loans do not require any deposit and thus pose less student risk. However, they come with less security and higher interest rates.
Studying MBBS in Russia is a dream for millions of students, with many international aspirants pursuing their education without facing major obstacles. Although students must cover various expenses, the opportunity to Study medicine abroad represents a significant achievement and should not be missed.
Eligibility for loan to study in Russia
For students wishing to pursue an MBBS in Russia and needing an educational loan to cover their expenses, the following eligibility criteria must be met:
- Receipt of an admission offer or acceptance letter from a recognised university for MBBS in Russia.
- Applicants must be 18 years old to apply for an educational loan.
- Good qualifying grades in 10th and 12th are mandatory for MBBS education in Russia.
- Secured loans require collateral security.
Education Loan Documents
The necessary documents needed to obtain the loan include:
- Confirmation of enrollment from the university the student intends to attend.
- Completed application form.
- Detailed breakdown of all study-related expenses in Russia, excluding medical college fees.
- Proof of residence and identity.
- PAN card details of the applicant.
- Bank statements of the guardian or the individual guaranteeing the expenses.
- Asset statement from the guardian.
Conclusion
Financing your MBBS education in Russia is achievable with proper planning and the right education loan. You can take a right path for the process smoothly by understanding the loan options, eligibility criteria, and document requirements. MOKSH recommends carefully comparing loan terms and choosing the option that best suits your financial situation.
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