Study in Australia
Education loan for Australia
Australia has well-known universities, practical course options, and clear student visa requirements to check early.
- Rates
- from 8.5% p.a.
- Loan amount
- up to ₹1.5 Cr
- Tenure
- up to 15 years
- Intakes
- Feb, Jul
Loan options for Australia
Two ways to fund your studies. You can compare both before you apply.
Without collateral
Up to ₹75 lakh
Offered by public banks, private banks and NBFCs
- Based on your university, course and co-applicant income
- No property or deposit needed
- Higher rates than secured loans
With collateral
Up to ₹1.5 Cr
Offered by public banks, private banks and NBFCs
- Residential property, commercial property or a fixed deposit as security
- Larger amounts at lower rates
- Tenure up to 15 years
Indicative. Final amount, rate and tenure depend on the lender's review.
What it costs to study in Australia
Typical ranges. Check your university's cost of attendance for the exact figure.
- Tuition
- AUD 28,000 – 45,000 / yr
- Living costs
- AUD 18,000 – 24,000 / yr
What lenders check
Your university and course
Lenders rate your university and course. A higher-ranked university can unlock unsecured loans and better rates.
Co-applicant income
Usually a parent, sibling or spouse. Their income and credit history drive the amount and rate.
Credit history
Lenders check the CIBIL score of both the student and the co-applicant.
Your admit and costs
The admit letter and the cost of attendance set the loan amount you can ask for.
Why students pick Australia
Post-study work rules
Some courses may allow post-study work. Check current official guidance before you plan.
Migration planning
Migration pathways depend on your course, job market, and current policy.
Course demand
Engineering, IT, healthcare, and business courses are common choices for Indian students.
Popular courses
Common programs Indian students explore for Australia.
- MS Computer Science
- MBA
- MS Engineering
- MS Accounting
- MS Data Analytics
- MS Information Technology
Australia education loan FAQs
Can I get an education loan for Australia without collateral?
Yes. Public banks, private banks and NBFCs offer unsecured loans for Australia, up to ₹75 lakh. Approval depends on your university, course and co-applicant income.
How much education loan can I get for Australia?
Unsecured loans go up to ₹75 lakh. With property or a fixed deposit as security, loans go up to ₹1.5 Cr. The final amount depends on your costs and the lender's review.
What is the interest rate on an education loan for Australia?
Rates start from 8.5% p.a. Loans with collateral usually get lower rates than unsecured loans. Your final rate depends on your profile and the lender.
How long can I take to repay?
Lenders offer tenures of up to 15 years. Most let repayment start after your course ends, with a grace period.
When should I apply for a Australia education loan?
Apply once you have an admit, so the sanction letter is ready for your visa. Main intakes for Australia are Feb, Jul.
Ready to check options for Australia?
Quick check. No documents to start.