{"id":6501,"date":"2023-07-25T12:58:02","date_gmt":"2023-07-25T07:28:02","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=6501"},"modified":"2025-02-27T17:18:53","modified_gmt":"2025-02-27T11:48:53","slug":"study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/","title":{"rendered":"Study Abroad Loans: Education Loan for Australia To Surge"},"content":{"rendered":"\n<p><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-australia\/\"><strong>Education loan for Australia<\/strong><\/a> is expected to surge in 2024, on account of the increasing number of <a href=\"https:\/\/leverageedu.com\/study-locations\/study-in-australia\/\"><strong>study in Australia<\/strong><\/a> students. Each year nearly 8,00,000 students apply to Australian universities. Furthermore, these universities have witnessed a yearly rise of nearly 4% to 5% in enrollments. This significant increase can be attributed to the high quality of education and vibrant culture of the island nation.<\/p>\n\n\n\n<p>However, studying in Australia can be an expensive decision. To embark on this <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad <\/strong><\/a>journey, students can reach out to private banks, NBFCs, and nationalised banks in India to avail of education loans. These loans will help students cover tuition fees, cost of living, travel expenses, and other academic expenses. The <a href=\"https:\/\/fly.finance\/blog\/education-loan\/student-loans-for-living-expenses\/\"><strong>expenses covered <\/strong><\/a>depend on the terms of secured and <a href=\"https:\/\/fly.finance\/blog\/education-loan\/list-of-unsecured-loans-for-study-abroad\/\"><strong>unsecured loans<\/strong><\/a> offered by different lenders.<\/p>\n\n\n\n<p>Some of the top Indian nationalised banks offering study in Australia loans are the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-for-studying-abroad-without-collateral\/\"><strong>State Bank of India<\/strong><\/a>, Bank of Baroda, and <a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-flyfinance-and-ubsil-partner-to-provide-education-loans-for-universities-abroad-news-2023-05\/\"><strong>Union Bank of India<\/strong><\/a>. Furthermore, students can also reach out to private banks likeICICI Bank, and IDFC First Bank. In addition, students can also apply at <a href=\"https:\/\/fly.finance\/blog\/education-loan\/nbfc-education-loan-for-studying-abroad\/\"><strong>NBFCs <\/strong><\/a>like Auxilo and HDFC Credila.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">In recent years, studying in <a href=\"https:\/\/twitter.com\/hashtag\/Australia?src=hash&amp;ref_src=twsrc%5Etfw\">#Australia<\/a> has gained immense popularity among international students, making it one of the top choices after the United States of <a href=\"https:\/\/twitter.com\/hashtag\/America?src=hash&amp;ref_src=twsrc%5Etfw\">#America<\/a> and the United Kingdom.<a href=\"https:\/\/t.co\/MS6xZHuojo\">https:\/\/t.co\/MS6xZHuojo<\/a><\/p>&mdash; Economic Times (@EconomicTimes) <a href=\"https:\/\/twitter.com\/EconomicTimes\/status\/1683665875935846401?ref_src=twsrc%5Etfw\">July 25, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-education-loan-for-australia\"><span id=\"eligibility-criteria-for-education-loan-for-australia\">Eligibility Criteria for Education Loan for Australia<\/span><\/h2>\n\n\n\n<p>To avail of an education loan to study in Australia, a student must meet certain conditions. The eligibility criteria are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>She\/they\/he must be an Indian citizen<\/li>\n\n\n\n<li>She\/they\/he should have been accepted at an accredited Australian university<\/li>\n\n\n\n<li>She\/they\/he must be above 18 years of age<\/li>\n\n\n\n<li>She\/they\/he must have a minimum<a href=\"https:\/\/leverageedu.com\/tests\/ielts-exam\/\"><strong> IELTS score<\/strong><\/a> of 6.5 or an equivalent <a href=\"https:\/\/leverageedu.com\/tests\/pte-exam\/\"><strong>PTE <\/strong><\/a>score&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Additionally, the lender must recognise the programme in which the applicant has enrolled. These courses include technical degrees, certificate programmes, and degree programmes.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/PMUjWx0bBgErUqnjds28M_VcB7N7SXWQ0fMLzDCeyMC8W4hXe0nLOfqqnjvkmohwpfRV92g9R6FgVDCNih8WL363vi6l7osy0cSeZ6uqVqi0-TcsjB7oyDN1-6oZX0pqpbflN57Ok7qAAcX1MCm_DO4\" alt=\"Study in Australia Loans\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-essential-documents-for-study-in-australia-education-loan\"><span id=\"essential-documents-for-study-in-australia-education-loan\">Essential Documents for Study in Australia Education Loan<\/span><\/h2>\n\n\n\n<p>To complete the education loan for Australia application process, students must submit certain documents. The essential education loan documents are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/leverageedu.com\/blog\/academic-transcripts\/\"><strong>Academic transcripts<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/leverageedu.com\/blog\/english-proficiency-test\/\"><strong>English Language Proficiency Test <\/strong><\/a>(IELTS or PTE) scorecard<\/li>\n\n\n\n<li><a href=\"https:\/\/leverageedu.com\/discover\/general-knowledge\/kyc-full-form\/\"><strong>KYC documents<\/strong><\/a><\/li>\n\n\n\n<li>Commonwealth Register of Institutions and Courses for Overseas Students (CRICOS) Confirmation of Enrolment (CoE)<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-types-of-collateral-security-required-for-education-loans-news-2023-07\/\"><strong>Collateral security<\/strong><\/a> documents for secured loans<\/li>\n<\/ul>\n\n\n\n<p>Stay in tune with <a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"><strong>Fly Finance News Desk<\/strong><\/a> to get the latest news on study abroad loans and <a href=\"https:\/\/fly.finance\/\"><strong>international money transfers<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans. <\/p>\n","protected":false},"author":5,"featured_media":6503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-6501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad Loans: Education Loan for Australia To Surge | Fly Finance<\/title>\n<meta name=\"description\" content=\"Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Abroad Loans: Education Loan for Australia To Surge\" \/>\n<meta property=\"og:description\" content=\"Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T07:28:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T11:48:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fly Finance News Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fly Finance News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Study Abroad Loans: Education Loan for Australia To Surge | Fly Finance","description":"Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/","og_locale":"en_US","og_type":"article","og_title":"Study Abroad Loans: Education Loan for Australia To Surge","og_description":"Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans.","og_url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/","og_site_name":"Fly Finance","article_published_time":"2023-07-25T07:28:02+00:00","article_modified_time":"2025-02-27T11:48:53+00:00","og_image":[{"width":720,"height":400,"url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg","type":"image\/jpeg"}],"author":"Fly Finance News Desk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fly Finance News Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/"},"author":{"name":"Fly Finance News Desk","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/335685cb8a5a59ab15afe7f0ad3b55d0"},"headline":"Study Abroad Loans: Education Loan for Australia To Surge","datePublished":"2023-07-25T07:28:02+00:00","dateModified":"2025-02-27T11:48:53+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/"},"wordCount":387,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg","articleSection":["News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/","url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/","name":"Study Abroad Loans: Education Loan for Australia To Surge | Fly Finance","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg","datePublished":"2023-07-25T07:28:02+00:00","dateModified":"2025-02-27T11:48:53+00:00","description":"Education Loan for Australia will witness a rise in 2024. Students planning to study in Australia can apply at banks and NBFCs for loans.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/25125739\/Study-Abroad-Loans-Education-Loan-for-Australia-To-Surge-in-2024.jpg","width":720,"height":400,"caption":"Study Abroad Loans Education Loan for Australia To Surge in 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/fly.finance\/blog\/category\/news-updates\/"},{"@type":"ListItem","position":3,"name":"Study Abroad Loans: Education Loan for Australia To Surge"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/335685cb8a5a59ab15afe7f0ad3b55d0","name":"Fly Finance News Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","caption":"Fly Finance News Desk"},"sameAs":["https:\/\/fly.finance\/","https:\/\/www.instagram.com\/flydotfinance\/","https:\/\/www.linkedin.com\/company\/fly-finance\/"],"url":"https:\/\/fly.finance\/blog\/author\/flynews\/"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=6501"}],"version-history":[{"count":3,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6501\/revisions"}],"predecessor-version":[{"id":17942,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6501\/revisions\/17942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/6503"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=6501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=6501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=6501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}