Loan Amount | Education Loans for Australia

A bachelor's degree from an Australian institution might vary significantly depending on the stream. Students seeking a scientific degree should pay between $25,000 and $39,000 per year in tuition fees. A bachelor's degree in the arts stream costs $33,000. Add in the cost of living, which is expected to be around $21,000 annually.

To assist pay for these expenses, students might apply for an unsecured education loan. Collateralized student loans may be challenging to get for a bachelor's degree. Unsecured student loans for international education are accessible from lenders, including private banks (Axis Bank and ICICI Bank) and non-banking financial organizations (NBFCs).

Maximum loan amount - The maximum loan amount available is INR 40 lakhs. An essential element for such loans is parental income. On a case-by-case basis, the loan amount limit can be adjusted.

Education Loans offered by Banks in India

PNB - Punjab National Bank Education Loan

The maximum loan amount is based on financial need.
Loans with a maximum term of 15 years.
No security (Up to Rs. 7.5 lakhs)
Loans are available to Indian nationals, OCIs/PIOs, and students with Indian parents who wish to study abroad.
The moratorium period comprises a course term and a one-year duration.

SBI Education Loan

No collateral is required, and a third-party guarantee of up to Rs. 7.5 lakh is available.
Repayment: up to 15 years + 12 months after course completion
For loans up to Rs. 20 lakh, there are no processing costs.
To finish your degree, you can take out a second loan.

Axis Bank Education Loan

The loan amount must be at least Rs. 50,000.
Loans with a maximum term of 15 years are available.
A sum of money of up to Rs. 4 lakh, a minuscule margin
They may be qualified for a loan before admission based on their characteristics.
The bank will provide your loan within 15 business days after receiving your completed application.
Working professionals can get unsecured loans of up to Rs. 20 lakh.

Bank of Baroda Education Loan

Maximum Loan Amount: Rs. 125 lakh
There is no security up to Rs.7.5 lakh.
There is no margin on loans up to Rs. 4 lakh.
There are no charges for processing.
There are no costs associated with paperwork.

HDFC Bank Education Loan

There is a maximum loan amount of Rs. 30 lakh.
The loan can be repaid over 15 years.
The documentation procedure is simple to follow.
Collateral of up to Rs. 7.5 lakh is not needed.
Take advantage of a student loan tax credit.
The loan amount will be paid to the institution directly according to its fee structure.

Tata Capital Education Loan