Many Indian banks and financial institutions offer education loans specifically for students planning to study in Australia. At Pollster Education, we regularly guide students through the loan application process and can connect you with the right lenders based on your profile and requirements.

Major Banks in India Offering Education Loans for Australia:

Public Sector Banks

1. State Bank of India (SBI)
- SBI Global Ed-Vantage Scheme
- Attractive interest rates, moratorium period, and coverage for tuition, living expenses, travel, etc.

2. Bank of Baroda
- Baroda Scholar scheme
- Covers tuition fees, accommodation, travel, and other education-related expenses.

3. Punjab National Bank (PNB)
- PNB Udaan scheme
- Financing for recognized courses in Australia.

4. Canara Bank
- Vidya Turant and IBA Model Education Loan Scheme.

Private Sector Banks

1. Axis Bank
2. ICICI Bank
3. HDFC Bank
- HDFC Credila is a specialized education loan provider.

Non-Banking Financial Companies (NBFCs)

- HDFC Credila
- Avanse Financial Services
- InCred
- Auxilo
- Prodigy Finance (for select universities/courses)

Key Features of Education Loans for Australia

- Covers tuition fees, living expenses (as per Australian government’s requirement of AUD 29,710 for 2025), travel, insurance, exam fees, books, etc.
- Generally, loans up to INR 7.5 lakhs may not require collateral; higher amounts usually require collateral/security.
- Moratorium period (course duration + 6–12 months).
- Repayment tenure: Up to 15 years (varies by lender).
- Competitive interest rates (usually 9–13% per annum, may vary).
- Proof of funds from education loans is accepted by Australian High Commission for visa purposes.

How Pollster Education Can Help

- Personalized loan guidance
- Assistance with documentation
- Recommendations based on your financial profile
- Help with loan sanction letters for visa application

Would you like a list of required documents or help in connecting with specific banks? You can also visit our office at 8, Alankar Building, 1st Floor, Balaram Street, Above Bank of India, Grant Road (E), Mumbai, or contact us at +91 9324480791 / info@pollstereducation.com for a one-on-one consultation.