Education Loan for B Pharmacy

✓ Pursue B Pharmacy or D Pharmacy

✓ In India or Abroad through an education loan

✓ Read the article to know more

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Table of content

  1. Education Loan for B Pharmacy in India
  2. Education Loan for B Pharmacy Abroad
  3. Documents required for Education Loan for B Pharmacy
  4. How to Apply for an Education Loan for B Pharmacy?
  5. Education Loan for D Pharmacy
  6. Scholarships for B Pharmacy and D Pharmacy
  7. FAQ's
  8. Need Help? Ask Here!

B Pharmacy is a 4-year undergraduate course that teaches students about drugs(medicines). B pharm graduates have an excellent scope of jobs and business after graduation. Hence it is among the most in-demand courses in the field of science.

The course does offer good scope, but the fee too is high in top institutes in India and abroad. However, to cover the expenses students can look for an education loan from different lenders to pursue a B pharmacy in India or abroad. Carefully analyze between different types of education loans and select the best one according to your suitability.

Passionate about B Pharmacy but worried about expenses? We are here to help!

Education Loan for B Pharmacy in India

Students can look for an education loan for B pharmacy in India from top private and public lenders. They can attain a loan of up to 2 Cr to study in India.

Parameter

Details

  Loan Amount

Up to 2 Cr Loan with collateral
Up to 40 lacs without collateral
A higher amount can be tried

  Expenses covered

Study costs:

Admission fee
Fee for tuition
Examination fee
Expenses to buy books
Lab/library fee
Purchase of computer or laptop if required

Living expenses

Cost of accommodation
Fee for hostel

Other Expenses

Insurance
Miscellaneous expenses

  Moratorium period

Duration of the course plus 6 to 12 months

Repayment tenure

10 to 15 years

Processing fees

10k + 1500 GST or 1 to 2% of the loan amount

 

Top Banks offering Education Loan for B Pharmacy in India

Below are the top lenders offering education loans to pursue B Pharmacy in India

  • Bank of Baroda
  • State Bank of India
  • Union Bank of India
  • Karur Vysya Bank
  • Axis Bank
  • IDFC First Bank
  • ICICI Bank
  • Auxilo
  • Avanse
  • HDFC Credila
  • Incred

Eligibility to apply for an education loan for B Pharmacy in India

To be eligible for an education loan for B Pharmacy or D Pharmacy, you need to meet the following eligibility criteria

  • Be a Citizen of India
  • Should complete 10+2 with at least 50-60% aggregate marks from a recognized state or central board of education.
  • Attain admission into a top university through merit or through an entrance exam

Best Colleges for B Pharmacy in India

Choose one of the best colleges to pursue B pharmacy or D pharmacy as that is also a deciding factor in education loan sanction. Below are some of the best in India to pursue B pharmacy or D pharmacy.

  • Jamia Hamdard
  • DIPSR Delhi
  • NIPER Mohali
  • BITS Pilani
  • ICT Mumbai
  • NIPER Hyderabad
  • NIPER Ahmedabad
  • NIPER Raebareli
  • Panjab University
  • Poona College Of Pharmacy
Kickstart your career in the field of medicine today by applying to top universities through an education loan!

Education Loan for B Pharmacy Abroad

Countries like USA and UK are considered by students while going to pursue B pharmacy abroad. They can offer an education loan of up to 1.5 Cr for B pharmacy.

Parameter

Details

  Loan Amount

Up to 1.5 Cr as a secured loan
Up to 1 Cr as an unsecured education loan
A higher amount is dependent on the profile of the applicant or the co-applicant

  Expenses covered

Study costs:

Fee for admission
Tuition fee
Books cost
Expenses for lab/library
Purchasing a laptop/computer

Living expenses

Accommodation cost  
Caution fee or hostel fee

Other Expenses

Expenses for insurance
Other miscellaneous expenses

  Moratorium period

The period of the course + is 12 months

Repayment tenure

Up to 15 years

Processing fees

10k + 1500 GST or 1 to 2% of the loan amount.

 

Top Banks offering Education Loans for B Pharmacy Abroad

Below are the top lenders offering education loans to pursue B Pharmacy in India

Best Colleges for B Pharmacy Abroad

The following are some of the best institutes to pursue B Pharmacy abroad.

  • Harvard University, US
  • University of Cambridge, UK
  • National University of Singapore, Singapore
  • University of Oxford, UK
  • Karolinska Institute, Sweden
  • Monash University, Australia
  • Imperial College London, UK
  • University of Tokyo, Japan
  • University of Melbourne, Australia
  • University of Michigan, US

Documents required for Education Loan for B Pharmacy

Applicants can arrange the following documents for an education loan for B Pharmacy.

1. Application form:

Bank’s application form which can also be obtained from WeMakeScholars. Attach two photographs along with the form and also sign the form while submitting.

2. Documents of the applicant and Co-borrower or the guarantor

  • Identity proof:
    • PAN or Aadhar card
    • Passport if taking an abroad education loan
  • Residence proof:
    • Voter’s ID card
    • Passport
    • Ration card
    • Electricity or telephone bill
    • Bank accounts statement

Provide two residence proofs if your current and permanent addresses are different.

  • Documents of the co-applicant(6 months bank account statement)
    • Must show salary credits if salaried
    • Must reflect business transactions if self-employed

3. Applicant’s academic documents

  • Academic mark sheets of 10th, and 12th
  • Structure of the fees
  • Admit proof reflecting the total duration of the course
  • Scorecard for any entrance exam that you have written for the admission

4. Income documents of the co-applicant

Salaried

  • Latest 3 months' pay slips
  • Form 16 of 2 years(latest)
  • ID card of the employer
  • Last 2 years ITR

Self-employed

  • ITR of latest 3 years
  • Balance sheet along with profit and loss account of the last 3 years
  • Proof of address of the business

5. Other documents

  • A letter saying that your co-applicant is responsible for any costs not covered by the education loan amount ( format of the letter will be provided by the WeMakeScholars financial officer)
  • A joint affidavit notarized with the co-applicant in the bank's preferred format ( request your WeMakeScholars financial officer to provide the format of the letter)

6. Additional documents(optional)

  • Receipts for any payments made in advance to the university
  • Statements of any pending loans from the previous year.
  • If you have had any gaps or breaks in your education, please explain on a 100 rupee stamp paper (Format to be provided by your financial officer from WeMakeScholars)

7. Collateral Documents

These are optional and are only required if you are opting for a collateralized loan. The collateral documents also differ by state. Check the below documents and other specific requirements according to the state you are applying from.

We can help you get an education loan even for gram panchayat properties!

How to Apply for an Education Loan for B Pharmacy?

Going through banks directly can be exhausting and so we would advise you to go through WeMakeScholars. We at WeMakeScholars provide faster loan sanctions at a lower rate of interest.

Why Choose WeMakeScholars For An Education Loan for B Pharmacy?

WeMakeScholars is an organization that was started with the motive of helping students attain an education loan without going through any hardships. We are partnered with 14+ banks(Public/Pvt) and hence can provide loans at a much better pace and interest rate. Interested students can request a callback from us and we will get back to you with the best education loan offers.

Better interest rates: As we are partnered with banks, they provide loans at 0.5 to 2% lower interest rates than when you go to them directly.

Faster process: We have maintained a standard timeline of 21 working days for education loans from public banks and 7 working days for private lenders. However, we get education loan sanctions much faster than our standard timeline.

Tax benefit: Know about all the tax benefits regarding an education loan from WeMakeScholars financial officer.

End-to-end support: We remember students after sanctioning their education loans. We help them throughout their education loan journey until the repayment of the last penny. We help them in dealing with all types of post-sanction issues.

Cashback: You will earn a cashback of Rs 3,000 if you are taking an education loan through us!

How to Apply for an Education Loan for B Pharmacy through WeMakeScholars?

You must be eager for all the above-listed benefits of going through WeMakeScholars. Let’s go through the process of applying for an education loan for B Pharmacy through WeMakeScholars.

Step 1: Request a callback from the website. 

Step 2: You will receive a callback from one of our financial officers. Provide him/her with all the basic information about yourself and your education.

Step 3: Your financial officer will analyze your profile and will suggest to you the best lenders that you are eligible for an education loan from.

Step 4: Choose the best lender among them and provide all the required documents.

Step 5: Once you have submitted all the documents, you will receive the decision to your profile regarding the loan. 

Step 6: Once the loan is approved, pay the PF and receive the sanction letter after signing the loan agreement.

Education Loan for D Pharmacy

Along with B Pharmacy, students can also look for education loans for D Pharmacy. The education loan schemes are pretty much similar to those that are offered to B Pharmacy students.

Students wishing to pursue a D pharmacy in India can get up to 2 Cr Education Loans and the ones looking for an abroad education loan can get a maximum of 1.5 Cr.

Manage all the expenses required to complete a diploma in Pharmacy from India or Abroad!

Scholarships for B Pharmacy and D Pharmacy

Scholarship rejection cannot end your dream of pursuing B Pharmacy. You can still manage expenses!

FAQs:

  • Is an education loan available for B Pharmacy?


  • How can I get an education loan for pharmacy?


  • Can I get a 4 lakh education loan?


  • Is there any scholarship for pharmacy students?


  • Is an education loan available for D. Pharm ?


Our Education Loan team will help you with any questions

Naresh Kumar
WeMakeScholars- supported by IT Ministry, Govt. of India.
Published: | Updated: