Medical School Loans for the Boards

When needing a loan to cover the expenses associated with taking the board exam, look no further! The GradLoans Medical School Loan for the Board Exam is a simple solution to your financial obstacles.

  • Fast online approvals
  • Low interest rates and fees
  • High approval rating
  • High annual maximums
  • A variety of repayment options (immediate, interest only, or full deferment until you leave school)
  • No application fee or out-of-pocket expenses
  • You can use this loan to cover any education related expenses, including transportation, computers, books and room and board
  • 24/7 online account status access

How do I qualify?

  • You must be a U.S. Citizen; or
  • Permanent resident with a valid permanent-resident card; or
  • An international student, applying with a U.S. citizen or permanent resident Co-Borrower; or
  • An international student with a U.S. citizen or permanent resident applying on your behalf.
  • Be at least 18 years old, or the age of majority in your state;
  • Be enrolled at least half time at an eligible institution;
  • Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.

How much can I borrow?


Degree Program Cumulative Loan Limit Limits for each Academic Year
Medicine $1,500 - $225,000 Cost of Attendance Minus other Aid
Osteopathic $1,500 - $130,000 Cost of Attendance Minus other Aid
Medical Board Loans $1,500 - $15,000 One time loan
Medical Residency and Relocation Loans $1,500 - $15,000 One time loan

What is my interest rate going to be?

In school interest rates range:

LIBOR + 4.95% - 7.75%, depending on the credit of you/ your co-signer and the repayment option selected.

Repayment Rates as low as

LIBOR + 5.5% - 7.75%, depending on the credit of you/ your co-signer and the repayment option selected.

Remember, most students need a co-signer. And adding a qualified co-signer usually helps your chances of being approved and receiving the best interest rate.

Choose your reward!

  • .25% interest rate reduction if you choose to have your loan payment automatically deducted from your bank account or if you make 48 consecutive on-time payments

What else sets the GradLoans Private Student Loan for Medical Students apart from the rest ?

  • Low minimum monthly payment of $50
  • Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance
  • 6 month grace period before repayment begins
  • Fees as low as 0%
  • 25 year repayment for Medical School loan, 15 years for all others

Annual Percentage Rate (APR) and Repayment Example:

If you borrowed $10,000 in a single installment, the 3-month LIBOR remained constant at 2.68% (as of July 1, 2008) and you had a 24-month combined in-school and 6-month grace period with a 240-month repayment period*, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option Origination Fee APR In School & grace period Repayment Period
Immediate Interest and Principal Repayment 0.00% 8.00% N/A 240 payments of $83.65
Immediate Interest and Deferred Principal Repayment 0.00% 8.09% 30 payments of $66.67 240 payments of $84.42
Both Deferred Interest and Principal Repayment 0.00% 8.08% N/A 240 payments of 102.91
*25 year repayment for dental and medical school loans.

Federal Stafford Loan for Medical School

Federal Consolidation for Medical School Graduates

Student Enrolled in Foreign Medical Schools

Edvisors Education Directory of Medical Schools

GradLoans Medical School Loans are funded by Doral Bank NY FSB, an Equal Opportunity Lender.