1. Confirmation of Enrolment (CoE)

   • Issued by CRICOS, it confirms your enrollment in an Australian institution.

2. Language Proficiency Proof

   • A minimum IELTS score of 6 in all sections or an equivalent PTE score.

3. KYC (Know Your Customer) Documents

   • Photo ID: PAN card, driving license, Voter ID card, Aadhar Card, or Passport.

   • Residence Proof: Proof of residence for both the applicant and the co-applicant.

4. Academic Documents

   • Marksheets from 10th grade, 12th grade, and any bachelor's degree.

   • Score reports for any applicable entrance exams (GRE, GMAT, TOEFL, IELTS, etc.).

5. Bank and Income Documents

   • Bank Statements: Bank statements for the last six months of the student/ co-borrower/ guarantor.

   • Income Proof: Proof of income for the student/ co-borrower/ guarantor, such as salary slips or tax returns.

6. Loan Application and Supporting Documents

   • A completed loan application form.

   • Passport-size photographs of both the applicant and the co-applicant.

In addition to the above, the following technical documents may be required:

• Title Deed: Complete with all pages.

• Approved Layout Plan: Must be approved by relevant authorities.

• Revenue Document (Khata/Patta): Certifies ownership and property location.

• Non-Encumbrance Certificate: Confirms the property is free from legal liabilities.

• Possession Certificate: Required if purchased from a builder.

• Latest Property Tax Receipt: Proof of up-to-date property tax payments.

• Conversion Certificate: For land-use conversion, if applicable.

• Sale/Gift/Partition Deed: In favor of the customer, with at least 13 years of history.

• Khata Certificate and Extract: Proves ownership and location.

• Encumbrance Certificate: Shows all transactions for a minimum of 13 years.

• Latest Property Tax Receipt: Confirms that property taxes are current.

These documents are crucial for securing a study loan abroad, especially when the loan is backed by collateral like property. Proper preparation of these education loan required documents for studying in Australia ensures a smooth and successful application process by verifying the legal and technical validity of the collateral.

Q1. What documents we need for education loan?

Answer: For an education loan, you need:

1. Mark sheets from 10th, 12th, or entrance exams.

2. KYC documents.

3. University/college admission letter.

4. Course fee structure.

5. Completed application form with photos

Q2. How much loan is required to study in Australia?

Answer: The amount of loan required to study in Australia depends on your degree and university. Typically, a bachelor’s degree costs between AUD 20,000 and AUD 45,000 per year, while a master’s degree ranges from AUD 22,000 to AUD 50,000 annually. Additionally, you need to show proof of funds of at least AUD 24,505 as per Australian government requirements.