Foreign Study Loan Scheme (GUEEDC)

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

The applicant must be a citizen of India and a resident of Gujarat.

The applicant must belong to the Unreserved category.

The applicant must have passed Class 12 with 60% or more marks.

The applicant must be seeking admission to MBBS, Master’s, PG Diploma, or equivalent programs abroad.

The applicant’s annual family income must be ₹6.00 lakh or less.

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.

Class 12 Marksheet (60% or above)

Unreserved category proof

Income certificate (₹6 lakh or less)

Admission letter to foreign university

Collateral documents (immovable property details):

For up to ₹7.5 lakh: property worth 1.5 times of loan amount

Above ₹7.5 lakh: property worth 100% of loan amount

Post-dated cheques (5 nos.) in favor of Corporation

Identity proof (Aadhaar/Voter ID/Passport)

Passport copy and visa (once issued)

Bank passbook or cancelled cheque