Refer your Friends & Earn Money

Know More

Follow below step and earn Money

refer

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

Refer More Cancel
Back
Back
Back
Back
Back
Back
Back
Call Back Call Back
logo

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.

Significant Guidelines on International Student Loan in Australia

Home Blog

MyAssignmenthelpAu | December 16, 2019

Studying abroad can be a life-changing decision, however, it requires a lot of brainstorming. The ones who want to pursue higher studies abroad, but struggle to arrange for funds, now have many options to make arrangements for funding their education. 

This blog aims to give students the complete landscape of the procedures to be followed concerning the Australia education loan process and other financial criteria to be fulfilled by them before they apply for a student visa to study in Australia. 

Ranging from the process to apply for a loan, eligibility to documents required for it we have covered everything. 

Known as a leading global powerhouse of education, Australia offers some of the world's topmost education facilities to international students looking for quality learning. Approximately 1,100 institutions of Australia offers over 22,000 courses

 Students traveling to Australia for higher learning encounter innovation, creativity, and independent thinking deeply embedded as a part of their core syllabus.

Ranging from its Kangaroos, Koalas to open spaces of Outback Bush, Australia as a country has innumerable delights more to offer. It holds the 3rd spot for international education after the United States of America and the United Kingdom all over the world.

A high-quality education, amiable natives, and cultural diversity are some of the factors that deem Australia a personal favorite among International students willing to study abroad.

Australia imparts one of the highest living standards in the world.

International students are also offered the opportunity to work part-time to ease their living expenses. International students can work for 20 hours per week to support their livelihood.

This part-time work facility not only helps them ease their living expenses but also allows them to gain relevant work experience. International students also benefit from various scholarship programs listed on the official website of universities, thus lowering their tuition fees further. 

Process for Applying For Education Loan

After the students have secured admission to the university of their choice, the next big step is to arrange the funds required for their educational expenses. The cost of studying in Australia is competitive with countries such as the US and UK, making it an expensive investment as compared to studying within India.

For students and families looking for an Education Loan, numerous Indian Banking and Non-Banking institutions are offering Education Loan at a low rate of interest to bright students for pursuing higher education in Australia.

Applying for an Education Loan has come to become relatively simple & easy nowadays. Potential students can take advantage of it. Here are some key pointers before applying for an Education Loan in Australia.

Eligibility criteria to apply for an education loan to study in Australia

  • The student is required to be a citizen of India
  • The student must have obtained admission in a recognized university belonging to Australia
  • The candidate must have enrolled for a course that has been recognized by the funding institution (job oriented professional degree, technical degree, and diploma courses)

List of Documents Required For an Education Loan to Australia

Nationalized banks such as State Bank of India (SBI) provides Education Loan up to Rs. 30 Lakhs to deserving students who wish to go to Australia for higher studies.

 However, before the bank can process the loan amount, there is a list of documents that need to be furnished by the borrower (student). These include:

  • Letter of admission from the University
  • Loan application form filled out in full
  • Documents on the cost of studies
  • Identification proof
  • Residence proof
  • PAN details of the candidate
  • Guarantor/ co-borrower/ student's bank statements
  • Guarantor/ co-borrower/ student's statement of assets
  • Guarantor/ co-borrower/ student's proof of income

Expenses covered under the loan include

The loan sanctioned by an institution would solely be for educational purpose and not cover personal expenses. The loan amount sanctioned would take care of-

  • Tuition fees
  • Accommodation expenditures
  • Caution deposit money
  • Travel expenses 
  • Project work during the academic year & study tours  
  • Purchase of laptops, books, & stationary
  • Various other reasonable expenses that would be required to complete the course

Repayment

Students who have applied for a loan amount ranging from 4-7.5 lakhs get 10 years to repay the entire amount. And students who have been sanctioned amounts above 7.5 lakhs are given 20 years to repay the entire amount.

However, students should understand the moratorium time varies for different loan providing institutions.

List of some top Universities in Australia

  • Australian National University
  • University of Melbourne
  • University of Sydney
  • University of New South Wales
  • University of Adelaide
  • University of Western Australia
  • The University of Newcastle
  • Macquarie University
  • Monash University
  • University of Queensland

Why us?

MyAssignmentHelpAu provides customized online assignment help to the students. Our assignment help team has writers of specialized backgrounds. From our case study experts, you can also buy assignment online that can further guide you if you need more assistance with this task.

We provide a plethora of services such as- 

Our value-added services include-

  • Turnitin Report
  • Quality check
  • Proof-Reading & Editing
  • Expert Consultation

Quality has been our top priority and we have never compromised with the quality. This is why we have been able to help students attain desirable grades, each time they have come to us. 

Providing high-quality assignments, at affordable rates by our top assignment help experts have set us apart in every way from others. Be it an essay, a dissertation or any other type of assignment, we host a panel of the best assignment help professionals who are thorough with each of these and can guide you.

For us, the dreams and aspirations of our clients is a top priority. Thus, we offer 24*7 academic assistance services to students. Our round the clock assistance and the way we have never even hesitated to cater to urgent assignment orders has made us the top choice of students in Australia and all over the world. 

This is why we have been successful in achieving the title of the best assignment to help the firm in the world. It is our pleasure to be at your constant beck & call.

 In this detailed blog, we have discussed everything about taking an International student loan in Australia. To get the best and high-quality reference for my assignment help, or to know more about the wide range of value-added services that we offer, you can contact us via e-mail, Whatsapp or call. You can even connect with us via social media platforms (Facebook, Instagram, etc.

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