Prodigy Finance Education Loan
Education Loan for Australia
Only the Secured Education Loan sanction letter is valid. The property used for taking an education loan must be in the name of parents / student. Any property belonging to a relative will not be valid.
Education Loan sanction Letter must be stamped & signed by the bank officials before submitting it for filing VISA. One also needs to submit proof of disbursement which is normally a savings bank account statement showing disbursed amount from the account.
Pursue Your Dream Degree in Australia
By June 2023, Australia hosted 622,032 international students, a 29% rise from the previous year, with 16% being Indian students, primarily pursuing Master’s and MBA programs. Master’s enrollments alone grew by 24.5%. With 38 universities in the QS World University Rankings, Australia stands out as a top study destination.
Offering diverse specializations and excellent post-study work opportunities, Australia is an attractive choice for higher education. However, studying here involves significant financial planning, and many students turn to education loans to fund their journey. Exploring loan options is essential for making an informed decision.
Education Loan Eligibility for Australia
Whether pursuing an MS, MBA, or another course in Australia, the education loan eligibility criteria are generally consistent across programs. To smoothly complete the loan process, the following requirements must be met:
A strong academic record is essential.
Applicant must be at least 18 years old.
Promising career prospects for unsecured loans and collateral for secured loans.
Confirmation of acceptance into a full-time program at a recognized Australian institution.
Documents Required for Education Loan in Australia
The documents requirements for getting an education loan to study in Australia are shown in the table below:
Some common documents required for a study abroad loan to Canada include:
Residence proof
Identification proof
PAN details of the candidate
Documents on the cost of studies
Loan application form filled out in full
Frequently Asked Questions
Candidates can get a Canada education loan without an account, even if parents are deceased, with simple EMI calculations and no prepayment fees.
Australian universities accept a study gap of 1-3 years, provided it is justified with valid reasons and, if possible, supporting documentation.
You can easily apply for an education loan to study in Australia by checking your loan eligibility. Simply provide a few details, and a loan counselor will assist you, helping you start your education loan process smoothly.
You can easily apply for an education loan to study in Australia by checking your loan eligibility. Simply provide a few details, and a loan counselor will assist you, helping you start your education loan process smoothly.
You can secure an unsecured education loan of up to 50 Lakhs INR from private banks and up to 40 Lakhs INR from NBFCs.
For studying in Australia, you can get an unsecured education loan of up to 50 Lakhs INR from private banks and up to 40 Lakhs INR from NBFCs.
