Education Loans for the Australia, Without the Guesswork

Compare trusted lenders, understand real costs, and choose a loan that fits your Australia study plan, not the other way around.

Popular Lenders for Australia Education Loans

Often offers greater flexibility with co-applicant credit scores and provides a faster digital processing time.

Max Loan Amount:

Up to

₹1.25 Crore

Interest Rate:

10.25% - 12.75%

Loan Term:

10 - 15 years

Interest Rate:

3% - 5%

Loan Type:

Fixed or Adjustable Rate

Monthly Payment:

$1,123.45

Typically offers marginally lower interest rates for applicants with an excellent academic and financial profile.

Max Loan Amount:

Up to

₹1.5 Crore

Interest Rate:

9.95% - 12.25%

Loan Term:

10 - 15 years

Interest Rate:

3% - 5%

Loan Type:

Fixed or Adjustable Rate

Monthly Payment:

$1,123.45

🎉

13 more lenders offering Australia education loans

Everything You Need to Know About Studying in Australia

A full look at what Avanse offers. Loan limits, rates, collateral conditions, benefits, and timelines explained in a way that helps you compare and choose better.

Why Choose Australia for Higher Education?
Explore Education Loan Options for Australia
Education Loan Eligibility Criteria For Studying in Australia
Australia Education Loan: Documents Required
Education Loan Repayment Terms and Other Considerations

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.

Discover Scholarships for Top Study Abroad Destinations

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.

Discover Scholarships for Top Study Abroad Destinations

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)

Frequently Asked Questions

Can I get a student loan to study in Australia?

Yes. Indian students can secure education loans for studying in Australia through Indian banks and NBFCs that support overseas education financing.

How much can I borrow for studying in Australia?

Loan amounts depend on factors such as your program, university, profile, and whether collateral is provided. Many lenders offer loans covering tuition and living costs, with secured loans reaching up to large sums for premium programs.

What interest rates apply for Australia education loans?

Education loan interest rates for Australia typically range from around 8% to 12% per year depending on the lender, loan type, and borrower profile.

Do education loans cover living expenses?

Yes. Most education loans for Australia include living expenses such as accommodation, food, travel, health insurance, and academic materials in addition to tuition.

Can I use my education loan as proof of funds for the Australian visa?

Yes. A loan sanction letter that covers your tuition and estimated living costs is generally accepted as financial proof for the Australian student visa.

Do I need collateral for an Australian education loan?

Collateral requirements vary by lender. Secured loans may require collateral but often offer larger amounts and lower rates. Some lenders also provide unsecured options based on academic profile and co-applicant credentials.

What documents are required for an education loan for Australia?

Typically you need your admission letter, academic transcripts, identity proofs, co-applicant’s financial documents, and collateral documents if required.

When does repayment begin for an education loan for Australia?

Repayment usually begins after the moratorium period, which includes your course duration plus an additional grace period agreed upon with your lender.

Are tax benefits available for Australia education loans?

Yes. Interest paid on education loans for overseas studies, including Australia, may be eligible for tax deductions under Section 80E of the Income Tax Act in India, subject to prevailing tax rules.

How long can education loan repayment tenures extend?

Repayment tenures typically vary by lender but can extend up to 10 to 15 years depending on the loan amount, interest rate, and moratorium terms.

Repayment tenures typically vary by lender but can extend up to 10–15 years depending on loan amount, interest rate, and moratorium terms.

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Education Loans for the Australia, Without the Guesswork

Popular Lenders for Australia Education Loans

Max Loan Amount:

Up to

₹1.25 Crore

Interest Rate:

10.25% - 12.75%

Loan Term:

10 - 15 years

Interest Rate:

3% - 5%

Loan Type:

Fixed or Adjustable Rate

Monthly Payment:

$1,123.45

Max Loan Amount:

Up to

₹1.5 Crore

Interest Rate:

9.95% - 12.25%

Loan Term:

10 - 15 years

Interest Rate:

3% - 5%

Loan Type:

Fixed or Adjustable Rate

Monthly Payment:

$1,123.45

Everything You Need to Know About Studying in Australia

Contents

Why Choose Australia for Higher Education?

Explore Education Loan Options for Australia

Education Loan for MS in Australia:

Education Loan for Indian Students in Australia:

Secured Loans for Australia studies:

Unsecured Loans to Study in Australia:

Education Loan Eligibility Criteria For Studying in Australia

Australia Education Loan: Documents Required

Education Loan Repayment Terms and Other Considerations

Interest Rates:

Moratorium Periods:

Tax Benefits:

Frequently Asked Questions

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