Interest Rate
starts 9.5%
Amount
Upto ₹100 Lacs
Processing Fee
1% - 2%
Type
Bank
Loan Tenure
12 years
Tax Benefits
Yes
Interest Rate
starts 10%
Amount
Upto ₹35 Lacs
Processing Fee
1% - 2%
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 9.8%
Amount
Upto ₹40 Lacs
Processing Fee
₹0
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 10.25%
Amount
Upto ₹75 Lacs
Processing Fee
2%
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 11.5%
Amount
Upto ₹60 Lacs
Processing Fee
1% - 1.5%
Type
NBFC
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 12%
Amount
Upto ₹45 Lacs
Processing Fee
1% - 2%
Type
NBFC
Loan Tenure
10 years
Tax Benefits
No
Interest Rate
starts 12.25%
Amount
Upto ₹40 Lacs
Processing Fee
1% - 1.5%
Type
NBFC
Loan Tenure
15 years
Tax Benefits
No
Higher Education in Australia is expensive for International Students compared to India and equally rewarding at a later stage. To be eligible for the Australia Visa, you must prove your financial ability to fund your education in Australia. The acceptable ways are having a bank balance, fixed deposit or a healthy income, such as selling property. But unfortunately, many students does not have access to such funds but want to study overseas. One of the popular and secure ways to arrange the funds is getting an Education loan, an acceptable funding source for Australia Study Visa. If you are taking an education loan, you are not required to maintain the minimum required funds for at least 3 months. Many students in India and foreign countries get education Loans to fund their studies in Australia and overseas.
The funds are required to fulfil the visa requirements, pay the university fees, pay for living and travel expenses etc. The Banks & NBFCs expected that total expenditure for Study in Australia is about Rs 30Lac for Indian Students, so they majorly grant up to this amount only. This amount is enough for the majority of the students. We will help you get the expected amount if you need more.
Many Banks and NBFCs provide Education loans to students wanting to study in Australia. To be eligible for it, you must fulfil the following eligibility criteria.
The applicant must share these documents to obtain an education loan in India. Almost all financial institutions have similar requirements regarding the documentation part. Depending on the applicant's profile, they may ask you for more documents, but here are the common list of documents.
Australia has world-class universities such as the University of Sydney, the University of Melbourne, Australian National Universities and much more. Their standard of living is the cherry on top. The total cost to Study in Australia depends on the level of study, type of course and choice of university. You can refer to the below-mentioned table for basic estimations.
Also, Australian universities are famous for offering huge scholarships to International Students. You can expect a 20-25% scholarship if you have good academics.
| Level | Type of Expenses | Cost / yearly |
|---|---|---|
| Undergraduate Bachelor's Degree |
|
|
| Postgraduate Master's Degree |
|
|
| Doctoral's Degree |
|
|
| Vocational Education & Training |
|
|
To Study in Australia, a student has to bear many mandatory expenses, such as
That's huge. I know, but don't worry; an education loan for Australia covers all expenses required for a smooth visa process. Abroad Cube will help you to get 100% finances for your expenses in Australia while studying.
If you are looking for an Education Loan, you are in the right place. We will help you get funds for your dream of studying in Australia from the world's best universities.
