Financial Assistance for Indian Students in Australia
Studying abroad financially can be a challenge for some of us. There are ways to circumvent the challenge. Loans, scholarships, fellowships, and grants are some of the waiver offers that brings down the pressure of funds or defer paying back.
We have collated some information to bring you to the information than having to hunt for it.
Studying in Australia is relatively cost effective than in U.K or the USA. While the quality of education is at par.
SIEC Career Advisor is up-to-date on all scholarships on offer and the qualifying criteria.
Seek loans provided by your Home Government
Our home government and several other organizations help you study in Australia by granting interest-free loans.
All or most Indian Banks offer education loans. A certain amount is offered without collateral and some with a collateral security.
Some religious or other ethnic groups offer loans as well.
List of banks offering bank loans to Indian students for studying abroad. Every bank has its own criteria and different interest rates are applicable.
|Name of Bank||Rate of Interest per Annum|
|Axis Bank||Special Rate of Interest ranging from 11.0% – 12.5%
Offer valid till July 31, 2017
|Bank of Baroda||10% for loans up to 4 lakhs and 12% for higher amounts|
|Canara Bank||Above 4.00 Lakhs – Studies abroad – 15% & Above 4.00 Lakhs upto 7.50 Lakhs – Satisfactory third party guarantee|
|Credila (HDFC Bank Company)||Up to 4 lakhs no interest above 4 lakhs 15%|
|ICICI Bank||Up to 4 lakhs no interest above 4 lakhs 15%|
|Indian Overseas Bank||above 7.50 lakhs – 11.75%|
|State Bank of India||Prepare your finances, explore scholarships and apply for education loans.|