{"id":6599,"date":"2023-07-31T13:20:28","date_gmt":"2023-07-31T07:50:28","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=6599"},"modified":"2023-07-31T13:29:20","modified_gmt":"2023-07-31T07:59:20","slug":"study-abroad-loans-education-loan-to-cover-cost-of-studying-in-australia-in-2023-2024-news-2023-07","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-to-cover-cost-of-studying-in-australia-in-2023-2024-news-2023-07\/","title":{"rendered":"Study Abroad Loans: Education Loan to Cover Cost of Studying in Australia in 2023-24"},"content":{"rendered":"\n<p>Private and public banks in India offer <a href=\"https:\/\/fly.finance\/loans\"><strong>education loan<\/strong><\/a> to cover cost of studying in Australia. A <a href=\"https:\/\/leverageedu.com\/study-locations\/study-in-australia\"><strong>study in Australia <\/strong><\/a>student can either avail of an education loan with or without collateral. These loans are available at the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/\"><strong>State Bank of India<\/strong><\/a> 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>.&nbsp;<\/p>\n\n\n\n<p>If a student fails to avail of loans from these <a href=\"https:\/\/fly.finance\/blog\/student-account\/list-of-nationalised-banks-in-india\/\"><strong>nationalised banks<\/strong><\/a>, they can apply at <a href=\"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-without-collateral-for-studying-abroad\/\"><strong>Axis Bank<\/strong><\/a>, IDFC First Bank, and ICICI Bank. Other options include <a href=\"https:\/\/fly.finance\/blog\/education-loan\/nbfc-education-loan-for-studying-abroad\/\"><strong>NBFCs <\/strong><\/a>like Auxilo, <a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/\"><strong>HDFC Credila<\/strong><\/a>, Incred, and Avanse. Furthermore, students can also apply for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-australia\/\"><strong>study in Australia education loans <\/strong><\/a>from international lenders like Prodigy Finance and <a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-goldman-sachs-partners-with-mpower-financing-for-education-loans-news-2023-05\/\"><strong>MPOWER Financing<\/strong><\/a>.<\/p>\n\n\n\n<p>All these lenders provide different types of loans to cover tuition fees, caution deposits, and travel expenses. In addition, these loans also cover accommodation expenses, the cost of study tours, prices of books, stationery, and laptop, and project work expenditures.&nbsp;<\/p>\n\n\n\n<p>To get <a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-for-australia-to-surge-in-2024-news-2023-07\/\"><strong>education loans for studying in Australia,<\/strong><\/a> an applicant must be at least 18 years of age. The maximum age limit for a student loan depends on the lenders. Furthermore, a student must have an acceptance letter from a recognised university in Australia. Additionally, the candidate must have stellar academic records and display strong earning potential for unsecured loans.<\/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-cost-of-studying-in-australia\"><span id=\"cost-of-studying-in-australia\">Cost of Studying in Australia<\/span><\/h2>\n\n\n\n<p>As higher studies in the land of Kangaroos is an expensive deal, an overseas student often opts for an education loan to cover <a href=\"https:\/\/leverageedu.com\/blog\/cost-of-studying-in-australia\/\"><strong>cost of studying in Australia<\/strong><\/a>. Before applying for a loan, one must learn about the average cost of tuition fees for different programmes in this nation.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/Gz-xkEpd5bfbhDRdHQvDG-f9ncwtHB2Hm1yylYIKUOHDibt7oEaCZ2zuQJJAKUwy2pH2OkjAp2mYm04Us1BS05po43PsXkBPSy9piBMkJkGKbKw31j9J73bYzZ6Qm0o4ull09KPSkF_ZY8tKCfSfd_U\" alt=\"Cost of Studying in Australia\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cost-of-living-in-australia\"><span id=\"cost-of-living-in-australia\">Cost of Living in Australia<\/span><\/h2>\n\n\n\n<p>In addition, an international student must also have an idea about the average expenses of different essentials in Australia. Therefore, it is important to know these details before applying for loans to study abroad in 2023-24. Here is an estimated<a href=\"https:\/\/www.upgradabroad.com\/articles\/cost-of-living-in-australia\/\"><strong> cost of living in Australia<\/strong><\/a>:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/1FGXTss1SW19XD1dDY4ZWyY8xJu1q2rQIYJZ-brlsjct1VueHqAsrsmCJH5SWKljd19-DZ20ZAzygOy_LAZZ-T1p_aQXxgT2u4IwdgnmL4RO7fg4OpU7b2sNo-UHWlt9gtpmGLrj0LEt7xsNH4yDnBI\" alt=\"Cost of Living in Australia\"\/><\/figure>\n<\/div>\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 regular updates on study abroad loans and <a href=\"https:\/\/fly.finance\/\"><strong>international money transfers<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private and public banks and NBFCs offer education loan to cover cost of studying in Australia. Lenders offer secured and unsecured loans.<\/p>\n","protected":false},"author":5,"featured_media":6601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-6599","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 to Cover Cost of Studying in Australia in 2023-24 | Fly Finance<\/title>\n<meta name=\"description\" content=\"Private and public banks and NBFCs offer education loan to cover cost of studying in Australia. Lenders offer secured and unsecured 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-to-cover-cost-of-studying-in-australia-in-2023-2024-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 to Cover Cost of Studying in Australia in 2023-24\" \/>\n<meta property=\"og:description\" content=\"Private and public banks and NBFCs offer education loan to cover cost of studying in Australia. 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Lenders offer secured and unsecured 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-to-cover-cost-of-studying-in-australia-in-2023-2024-news-2023-07\/","og_locale":"en_US","og_type":"article","og_title":"Study Abroad Loans: Education Loan to Cover Cost of Studying in Australia in 2023-24","og_description":"Private and public banks and NBFCs offer education loan to cover cost of studying in Australia. 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