Fund your Australian education with loans from 15+ Indian banks & NBFCs. Starting at 8.00% p.a. — GTE-ready sanction letters, OSHC support, and disbursal in as little as 7 days.
Our expert advisors compare 15+ lenders and get you the best rate — free, no obligation, callback within 30 minutes.
A 2-year master's program in Australia typically costs ₹40–80 Lakhs including tuition, OSHC, living, and airfare. Some professional programs like MBA and engineering can go higher. An education loan from an Indian bank is the most efficient way to fund this — offering competitive rates, moratorium during study, and significant tax benefits.
Two Australia-specific requirements to be aware of: the Genuine Temporary Entrant (GTE) assessment for the Student Visa (subclass 500), and mandatory Overseas Student Health Cover (OSHC). EduLoanHub ensures your loan and documentation address both.
The GTE is a critical component of Australia's Student Visa (subclass 500) application. The Department of Home Affairs assesses whether you genuinely intend to stay temporarily in Australia for study and return to India afterward. Your financial situation plays a major role in this assessment.
A loan sanction letter from a recognised Indian bank is one of the strongest documents you can submit with your GTE statement — it demonstrates genuine financial planning, ties to India, and a commitment to return to repay the loan. EduLoanHub guides you on how to present this effectively.
OSHC is mandatory health insurance for all international students in Australia — required before your Student Visa can be granted. It costs approximately AUD 700–1,000 per year (₹37,000–53,000) depending on the provider (Medibank, Bupa, Allianz, etc.) and cover type. Most Indian banks allow the OSHC premium to be included within the education loan, so you don't need separate funds to purchase it upfront.
Loan amounts are based on your university's official tuition fee schedule and the Australian Government's living cost requirements. Your loan can cover:
Compare secured and unsecured rates from India's top lenders for Australian studies. EduLoanHub negotiates on your behalf to secure the best available rate.
5+ more lenders available
View all rates →| Feature | Secured Loan | Unsecured Loan |
|---|---|---|
| Interest rate | Lower — 9.00% to 11.50% | Higher — 10.75% to 15.00% |
| Loan amount | Up to ₹1.5 Crore | Typically ₹40L – ₹75L |
| Collateral required | Yes — property, FD, or LIC | No collateral needed |
| Processing time | 10–15 working days | 5–10 working days |
| Best for | Group of Eight universities, larger programs (MBA, 2+ years) | Regional & non-G8 universities, faster approvals |
Lenders evaluate eligibility based on academic merit, university ranking, co-applicant income, and collateral availability.
Indian citizen with an offer letter or Confirmation of Enrolment (CoE) from a CRICOS-registered Australian institution. Minimum 60% in qualifying exam preferred by most lenders.
Parent, spouse, or guardian with stable salaried or self-employed income. A CIBIL score of 700+ for the co-applicant is strongly recommended for best rates and smooth processing.
Group of Eight universities (Melbourne, UNSW, Sydney, ANU, Monash, UQ, UWA, Adelaide) unlock the best unsecured loan amounts and rates. Non-G8 may require collateral.
Residential or commercial property, fixed deposits, or LIC policy. Collateral significantly increases your eligible loan amount and reduces the interest rate.
The Australian Student Visa (subclass 500) requires a GTE assessment. A strong loan sanction letter from an Indian bank is a key document demonstrating genuine intent and financial ties to India.
You do not need the Student Visa (subclass 500) before applying for the loan. The sanction letter is used as a key financial document in your visa application to the Department of Home Affairs.
EduLoanHub provides a personalised document checklist and doorstep pickup anywhere in Surat.
Apply to Australian universities or TAFEs registered on the Commonwealth Register of Institutions and Courses for Overseas Students (CRICOS). The CoE or offer letter is required to begin loan processing.
Fill the form above or call us. Our advisor will shortlist the best lender for your institution, loan amount, OSHC coverage, co-applicant income, and collateral situation — and advise on the GTE documentation strategy.
We provide a personalised checklist including OSHC and GTE-related documents, collect via doorstep pickup, and submit your complete file to the selected lender. We actively follow up to ensure fast sanction.
On sanction, you receive the loan sanction letter — a key financial document for your GTE statement and Student Visa (subclass 500) application to the Department of Home Affairs (DoHA). We guide you on how to present it effectively.
Once your Student Visa 500 is granted, funds are disbursed semester-wise — tuition directly to your institution and living expenses to your account. Average disbursal: 7–10 working days from sanction.
Group of Eight vs regional universities are treated differently by lenders. We match you with the bank whose policy gives the best rate and amount for your specific institution.
We ensure the OSHC premium (AUD 700–1,000/yr) is factored into the loan. No need to arrange separate funds for mandatory health cover before your visa is granted.
We guide you on structuring your sanction letter and financial documents to strengthen your GTE statement — a key factor in Australia Student Visa approval rates.
Australia's February, July, and November intakes all have different visa deadlines. We have deep experience with all three and prioritise urgent cases accordingly.
Australia's Temporary Graduate Visa (subclass 485) allows 2–4 years of post-study work. We advise on structuring repayment around your Australian employment and PR timeline.
From CoE to loan sanction to OSHC to GTE preparation to repayment planning — we stay with you throughout your Australian education journey.
"I was worried about the GTE requirement for my Australia visa. EduLoanHub explained exactly how the sanction letter strengthens the GTE statement. Union Bank, ₹40L including OSHC, sanctioned in 8 days. Visa granted first attempt!"
"Monash MBA — ₹45L. EduLoanHub compared 5 lenders and got me ICICI unsecured at 11%. They handled OSHC Medibank enrollment within the loan and guided my GTE statement. Visa came through in 5 weeks. Exceptional service."
"UNSW engineering — I had a July intake deadline and needed my CoE to get the loan started. EduLoanHub fast-tracked my SBI file. ₹52L sanctioned with secured property loan at 10.2%. Doorstep document pickup in Surat made it so easy."
"University of Queensland MSc — ₹38L with Axis Bank unsecured. EduLoanHub explained the 485 post-study work visa and helped me plan my EMI repayments around Australian employment. Incredible team."
Yes. All major Indian banks — SBI, ICICI, Axis, Union Bank, Bank of Baroda — and NBFCs offer education loans for studying in Australia. Loan amounts range from ₹7.5 Lakhs to ₹1.5 Crore depending on your profile, university, and collateral.
GTE (Genuine Temporary Entrant) is Australia's visa assessment to verify you intend to stay temporarily for study. A loan sanction letter from a recognised Indian bank is one of the strongest financial documents for your GTE statement — it demonstrates genuine financial planning and clear ties to India (loan repayment obligation). EduLoanHub guides you on how to present this effectively in your Student Visa 500 application.
Yes. The OSHC (Overseas Student Health Cover) premium — approximately AUD 700–1,000 per year — is an allowable expense within the education loan. EduLoanHub ensures the OSHC amount is included so you don't need to arrange separate funds to purchase health cover before your visa is granted. We guide you through selecting an approved provider (Medibank, Bupa, Allianz, etc.).
Rates range from 8.00% to 13.50% p.a. as of June 2026. Secured loans attract lower rates (9%–11.5%); unsecured loans are typically 10.75%–15%. EduLoanHub compares all options to find your best rate. View live rates →
With collateral, most banks offer up to ₹1.5 Crore. Unsecured loans typically go up to ₹40–75 Lakhs depending on the lender and university. A 2-year master's in Australia typically costs ₹40–80 Lakhs all-inclusive. EduLoanHub assesses your profile to maximise your eligible loan amount.
The Temporary Graduate Visa (subclass 485) allows 2–4 years of post-study work in Australia after graduation from an Australian institution. Repayment begins after the moratorium period (course duration + 6 months) and can be made from Australia via wire transfer or NRE account. Many graduates comfortably service EMIs from their Australian salaries. EduLoanHub helps plan your repayment timeline around the 485 visa.
No. You only need a CoE (Confirmation of Enrolment) or offer letter from a CRICOS-registered institution to begin the loan process. The loan sanction letter you receive is then used as a key financial document in your Student Visa 500 application to the Department of Home Affairs — no separate bank statements required for the funded amount.
Yes. Under Section 80E of India's Income Tax Act, the full interest paid on education loans is deductible — with no upper limit — for up to 8 consecutive assessment years. This applies regardless of the country of study, including Australia.
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