Refer your Friends & Earn Money

Know More

Follow below step and earn Money


Start earning with myassignmenthelpAu now. Signup and earn upto $2000 / Month

Refer More Cancel
Call Back Call Back

24x7 Support Available

To Get the Best Price Chat With Our Experts

chat now

In A Hurry? Get A Callback

Welcome to Live Chat

Welcome to MyAssignmentHelpAU Services, World's leading Academic solutions provider with Millions of Happy Students.

Getting An International Student Loan In Australia

Home Blog

MyAssignmenthelpAu | September 22, 2020

Student’s loans are available to students planning to study overseas or abroad. The past few decades have witnessed an upsurge in the number of students willing to study abroad and undertake higher education. 

However, with the passing times, there has been leverage in the educational expenses, with students needing to reconsider their choice.

Among several countries in the world, Australia is one such country which is largely known and recognized for colleges, schools and universities.

These tend to grab the attention of students from all over the world. Moreover, when it comes to studying and living in the country, students need an optimum amount of money to pay for expenses.

Applying for a loan today is extremely simple, and students need to maximize their own potential by taking most advantage of it. A few important things need to be kept in mind before applying for the loan. The very first thing that comes to mind while considering your education expense is the student’s loan.

The loan is known as HELP (Higher Education Loan Program) and is an initiative taken by the Australian government which helps to aid students to find their education.

Where can you secure educational loans in Australia?

However, international students today are not much eligible for the loan, instead can seek funding from other sources and acquire student loans. Secure your Marketing Assignment Help with the guidance of the best. Here are a few major sources that you can seek:

  • Private Banks
  • Universities

It is recommended to keep in mind that you not only need funding for covering online tuition fees, but also several other expenses such as insurance, housing, boarding, and other living expenses. Hence, it is advised to be wise and make a sustainable planning to evaluate the financial needs before opting for a loan.

Eligibility criteria for opting for a University loan

  • It is a mandate to have an Australian Visa
  • It is also a must to be in the first or final semester
  • You also need to be a full time and a regular student at the University. However, if you are a student studying a distance education course, you are not applicable for the loan.
  • Moreover, you need to have a strong academic record. It is recommended for you to grab at least a minimum of 18 credit points in one single semester or 36 credit points in an academic year.
  • You also need to have a part-time job that helps you take care of your finances and expenses well.
  • Additionally, it is a mandate to prove the financial background while clearing the previous dues prior to applying for a loan.
  • It is also necessary for you to grab good grades, and you need to complete the course in time.

Eligibility criteria for acquiring student loans from private banks

As mentioned earlier, grabbing a student loan from a private bank is easier today. However, a few mandates are important to be taken care of, before you seek for the loan online.

  • It is a must to have an Australian Visa
  • The applicant must reside in Australia
  • It is also pivotal to have an account in a private bank of Australia
  • The applicant must be having a regular source of income. It is also important to remember that the monthly allowance does not count.
  • The admission needs to be secured in any of the universities as approved by the bank
  • The applicant furthermore needs to be financially strong enough to be able to repay the loan and within the estimated time period.
  • Lastly, it is important to offer security to the bank which might include anything from building, land, public sector bonds and government securities.

What are the different types of student loans that one can apply for?

Let us discuss a few of the loans that can be obtained in Australia, which further includes the additional expenses such as cost of living, travelling and more.

Short-term or Emergency Loans

The Australia universities offer loans to students facing a financial crunch. This is one such loan that does not come with any interest. Additionally, you also do not need any guarantor to procure the loan. This needs to be repaid within the deadline as has been agreed upon. However, on failing to do so, an interest rate of 2.5% is levied.

In order to be qualified for the loan, it is recommended to be a full time student at a University in Australia. Moreover, some of the institutions also require the financial details as applicable in the current times. Getting Assignment Help gets easier with professional assistance.

The loan can offer as much as $1500 in cash.

Secured personal loan

In order to gain the loan, it is important to offer the bank guarantee and attach an asset to the loan such as any valuable property and a car. The interest rate does not need to be fixed or variable, however it is usually low. Failing to pay the loan on time, will lead to you having to let go of the asset against which the loan has been attached.

Unsecured loan

Contrary to the former loan, this loan does not offer any collateral in exchange for the loan being offered. However, you need to pay a higher rate of interest, and can get extremely expensive for one to afford. In other words, the loan kind is flexible and can be used for several purposes.

General Purpose or Long Term Loan

This kind of loan is offered by both universities as well as private banks. It covered a number of expenses such as tuition fees, travel expenses, cost of living and so much more. A distinct bank offers this kind of loan and hence you can borrow a larger amount as compared to emergency loans.

Additionally, you can also acquire a general purpose loan that offers you an amount of $4000 to $8000 from a university, with letting you borrow a higher amount. It is important to remember that universities offer general purpose loans which are interest free; however you need to pay interest to the banks. If you need Finance Assignment Help, you must know that you have support to fall back on.

Medical student loan

In Australia, a medical student can be attained by individuals pursuing a medical and dental degree. On fulfilling the qualification criteria, it is possible for you to obtain the loan in the final year. Additionally, it can be utilized for paying tuition fees along with other expenses such as debts, cost of living and more.

Car Loan

There are a number of lenders in Australia offering car loans to international students. The car you purchased will further be attached as being collateral to the loan. This rate of interest however is extremely competitive.

Payday Loan

The loans are a significant kind of short-term emergency loan as offered by several banks in Australia. The loan can be attained by applicants having a part time job in Australia, further supporting his expenses. Here, you are allowed to borrow a small amount of money.

Terms and conditions for repaying short term loans

  • It is compulsory for you to repay the amount you have borrowed within a period of six months, starting from the date of the loan when it got approved.
  • If the amount of loan is a little higher than usual, you are allowed to pay it within a year.
  • The loan can be repaid in the form of cheque, cash, money draft or online payment. Make most of JAVA Assignment Help services available at an affordable pricing solution.
  • However, failing to repay the amount within a period of seven days, you are applicable for paying a specific rate of interest, and might largely vary as per your university.
  • Moreover, failure to pay back the loan timely has a negative impact while adding to your debt.

Terms & conditions for repayment of long term loans

  • The long term loans can be repaid on monthly and fortnightly installments, and largely depends on what has been agreed upon.
  • The amount needs to be paid in full as soon as the course duration is completely over.
  • The loans can be paid back in the form of online payment, money draft and cheques. Obtain Nursing Assignment Help Sydney online and secure your future grades.
  • If you fail to pay it back and within the scheduled date, you might not even be allowed to acquire documents from the administration, and you might even be debarred from witnessing the end results.
  • On an annual basis, an interest rate of 12% is levied on applicants failing to pay loan amounts to the University.
  • However, you might even be allowed to repay the entire amount post graduation or a year or two.
  • On failing to repay the loan, the guarantor is asked to repay it on your behalf.

Professional assistance available in a few clicks

Studying abroad in Universities is equivalent to witnessing a number of assignments of the subject course you are studying in. To help you live a stress free live, is here, offering you a world of academic Assignment Help opportunities to explore. Do not hesitate to explore the services and maximize your true potential as a student.

Smile your way through this tough Semester!
Get our My Assignment Help in Australia order now

MyAssignmentHelp Testimonials

Best Assignment Help in Australia

Earlier I used to mess up with numerous academic tasks and was finding it hard to perform well in all the assignments. But when I came across MyAssignmentHelpAu, I just breathed deep as I got a best platform from where I can get best and most effective assignment help. Experts, at this platform offered the best writing help to me. Thank you MyAssignmentHelpAu

Michel, Adelaide

Best Essay Writing Service in Australia

To me, the assignments are similar to the nuts which are hard to break. To complete all the relevant assignments is just not an easy task. But team of MyassignmentHelpAu helped me with all the assignment related problems. They served finest assignment solutions for my psychology homework. All my queries have been efficiently solved by them.

Jenny, Melbourne

Top Notch Assignment Service

I was confused with the various assignment help websites. It was hard for me to select the one which could provide me better service on my assignment solutions. Then, as per my friend’s suggestion, I tried MyAssignmentHelpAu to avail my humanities assignment. And I am glad to share my experience as they provided me the optimum content at very pocket friendly rates.

John, Adelaide

Best Assignment Help Provider in Australia

Myassignmenthelpau helps me to complete my assignment within three hours. It is one of the top assignment help provider on which everyone can trust blindly. Myassignmenthelpau has a team of well-versed experts that are able to provide quality assignments all over Australia. I am impressed with their services and will contact them again in the future.

Molly Bella, Sydney

Provide Top Quality Assignment Services

I was scared when I was unable to complete my computer science assignment within the deadline. My friend informed me about the Myassignmenthelpau and I avail their services. I am very thankful to them for making my assignment. My professor was so impressed by my assignment and gave me good grades.

Jayden, Melbourne

Pre-eminent Java Assignment Help from Java Wizards

I was quite stuck with one of my complex Java assignments and looked for help at several websites but, no one could understand the requirements well and could not complete this task. However, Myassignmenthelpau did not only agree to take it but delivered it with excellent quality, which bagged me an HD in the course.

Grace, Perth

Matchless Nursing Assignment Help

I must say that Myassignmenthelpau is the only nursing assignment help portal that you can fall back upon. I had totally forgotten about this intricate assignment that I had to submit next morning. They were my only rescuers. I god a wonderfully written paper in just a matter of few hours. Outstanding services! Excellent Writers!

Julia, Brisbane

Nonpareil Portal to Buy Assignment Online

So many of us out there look for buying assignment online, nevertheless, we struggle to find a genuine service provider. My search for an authentic par excellence assignment writer company ended when I found Myassignmenthelpau. You name the subject, and they can help you with its assignments and what’s more an HD score is guaranteed.

Stella, Gold Coast

Other Students are using My Assignment Help, Are you the only one left Behind?

order now