Education Loans for Australia Made Easy

Make your education dreams a reality with GradRight’s affordable Australia student loans.

Why Choose Australia for Higher Education?

Australia stands out as a premier destination for higher education. Over 70,000 Indian students are currently enrolled in Australian universities. Here’s why Australia can be a topic choice for you:

World-class & affordable universities offering globally recognized degrees.

Innovative programs and research opportunities.

A welcoming, multicultural environment that enriches student life.

Extensive post-study career options that make Australia loan repayment easier.

A high quality of life enhanced by stunning landscapes and modern cities.

These factors showcase why taking an education loan for Masters in Australia is worth it.

Bank Name

Loan Amount

Interest Rate

Processing Time

Processing Fee

Upto 1.5Cr

10.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1.25%

Upto 1.5Cr

10.5% - 13%

Secured: Upto 3 weeks Unsecured: Upto 1 week

0.75% - 1.25%

Upto 85L

11% - 12.75%

Upto 1 week

0.75% - 1.25%

Upto 1Cr

11.25% - 12.75%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1.25%

Upto 75L

11% - 12.75%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.85% - 1%

Upto 1Cr

10.75% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 3Cr

9.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1Cr

9.5% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 75L

11.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1.5Cr

9.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1.5Cr

8.25% - 11%

Secured: Up to 3 weeks Unsecured: Up to 2 weeks

Secured: Rs. 20,000 Unsecured: Rs. 10,000

Upto $220k

8.47% - 13.5%

Automated process

500 USD + 4%

Upto $100k

9.5% & 9.99%

Up to 1 week

1% + 2%

Upto $100k

10.5% - 12.75%

Up to 1 week

200 USD + 2%

Upto $100k

9.99% - 14.99%

Automated process

6.50%

Explore Education Loan Options for Australia

For Indian students, an education loan for MS in Australia is important. GradRight offers tailored student loans to study in Australia to make your academic dreams a reality.

Education Loan for MS in Australia

Special MS education loans for Indian students in Australia.

Education Loan for Indian Students in Australia

Dedicated education loans for Indian students in Australia.

Secured Loans for Australia studies

Education loans backed by collateral offering lower interest rates and extended repayment options.

Unsecured Loans to Study in Australia

Flexible Australia student loans without collateral, designed to meet diverse financial needs.

Education Loan Eligibility Criteria For Studying in Australia

Provide proof of Indian citizenship and ensure you are between 18 and 35 years of age.

Present your admission offer from a recognized Australian university.

Showcase a strong academic record that meets the university's requirements.

Submit evidence of a reliable co-signer with a stable income.

Fulfill the lender’s creditworthiness requirements with appropriate financial documentation.

Australia Education Loan: Documents Required

University admission letter
Academic transcripts
Academic certificates
Valid ID and address proof
Co-signer’s income proof
Completed loan application form

Education Loan Repayment Terms and Other Considerations

Interest Rates

On average, Australia student loans have interest rates ranging from 10% to 12% per annum.

Moratorium Periods

The moratorium period usually covers the course duration, plus 12 months after graduation.

Tax Benefits

Education loan repayment for Indian students in Australia is tax deductible. (Under Section 80E of the Income Tax Act)

Success Stories: Affordable Study Loans For International Students in Australia

200,000+ students assisted

₹16,300 crore loan requests processed

₹2,000 crore disbursed in loans

Find the perfect student loans to study in Australia with GradRight today.

Frequently Asked Questions

How much education loan can I get to study in Australia?

The amount you can borrow depends on factors like your program, university, and profile.
Public sector banks often offer Australia student loans up to ₹7.5 lakh without collateral. With collateral, the amount can go up to ₹1.5 crore. Private lenders or NBFCs may also offer loans till ₹1 crore.

Who is eligible for an education loan to study in Australia?

To get a student loan Australia for international students, you need:

Indian citizenship
Admission offer from a recognized Australian university.
Strong academic background and a stable financial record

For an unsecured loan (no collateral), a co-applicant is needed. For a secured loan, you’ll need to offer collateral.

Is an education loan interest-free for studying in Australia?

No, there are no interest-free study loans for international students in Australia. However, you can look for:

Government schemes with lower interest rate loans

Scholarships and grants that do not need to be paid back and so are interest-free
Using your own or your family’s savings

You can also check out some education loan repayment tips that actually work.

What are the repayment terms for education loans for Australia?

Repaying your loan usually kicks in after a moratorium period. That’s the time you’re studying plus an extra 6 to 12 months to settle in. The repayment period can stretch from 7 to 15 years, depending on the lender.

Some banks let you make partial payments while you’re still in school. This can ease the interest burden later.
Other lenders will wait until after the moratorium, then start with full EMI payments.

Every lender’s terms are a bit different, so it’s worth comparing them to find what works best for you.

Which bank is easiest to get an education loan for Australia?

There is no single “easiest” bank to get student loans to study in Australia. It all depends on your situation, like how much loan you need and whether you can offer collateral.

To find the best loan offers, you can use GradRight’s loan bidding platform. With our platform you can get loan offers from 15+ lenders in 48 hours. Then you can compare the options and choose the one with the most suitable terms.

What’s the typical Australia education loan interest rate?

Interest on an Australian education loan interest rate usually ranges from 8% to 12% p.a., depending on the lender and your profile. Compare international student loans Australia offers to find the most competitive rate before you commit.

How do you apply for international student loans in Australia?

To get international student loans in Australia, shortlist lenders offering a study loan for Australia. Gather your admission letter, proof of finances, passport, and academic records. Then complete their online form and submit documents to secure your education loan for study in Australia.

How do you compare different student loans in Australia?

Use a comparison tool to enter your loan amount and tenure. You’ll see student loans Australia offers side by side—covering education loan Australia, NBFC plans, and bank options. Filter by education loan for Australia rates, processing fees, and moratorium to pick the best deal.