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:
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.
Banks & Lenders Offering Education Loans Without Collateral
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee
Upto INR 2 Crore
9.95% - 12%
7 Days
0.5 - 1%
Upto INR 2 Crore
9.95% - 13.50%
10 Days
0.75 - 1%
Upto USD 200K
10.5% - 14%
7 days
100USD+ 5%
Upto INR 1.5 Crore
10.15% - 11.15%
25 days
INR 10,000
Upto INR 1.5 Crore
9.75% - 13%
14 days
0.75%
Upto INR 1.5 Crore
10% - 13%
7 days
0.85 - 1 %
Upto INR 1.5 Crore
10.50% - 13%
7 days
1%
Upto INR 1 Crore
9.95% - 12%
7 days
0.5 - 1 %
Explore Education Loan Options for Australia
For Indian students, an education loan for MS in Australia is important. FDM Finance offers tailored student loans to study in Australia to make your academic dreams a reality.
01 Education Loan for MS in Australia
Special MS education loans for Indian students in Australia.
02 Education Loan for Indian Students in Australia
Dedicated education loans for Indian students in Australia.
03 Secured Loans for Australia studies
Education loans backed by collateral.
04 Unsecured Loans to Study in Australia
Flexible Australia student loans without collateral
Education Loan Eligibility Criteria For Studying in Australia
Provide proof of Indian citizenship and ensure you are between 18 and 35 years of age.
Fulfill the lender’s creditworthiness requirements with appropriate financial documentation.
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 and certificates.
Valid passport, Aadhaar, and PAN card.
Co-applicant’s income proof and bank statements.
Collateral documents (if applicable)
Top Universities of Australia
University of Melbourne
Australian National University (ANU)
University of Sydney
University of Queensland (UQ)
University of New South Wales (UNSW Sydney)
Monash University
University of Western Australia (UWA)
University of Adelaide
University of Technology Sydney (UTS)
Macquarie University
Queensland University of Technology (QUT)
University of Wollongong
Curtin University
RMIT University
Deakin University
Griffith University
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
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 FDM FInance’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.