Am I eligible for an education loan, and how much loan can I receive in UK/Australia?
It depends. As an international student, you are not eligible for government student loans in the UK, Australia, or Canada - these are typically reserved for citizens or permanent residents.
You can apply for private education loans from Indian banks or international financial institutions. Loan eligibility and the amount you can receive depend on factors like your academic profile, co-applicant’s income, and the lender’s policies. These loans generally cover tuition, living expenses, and related costs, but exact amounts and terms vary by lender and are subject to change.
More expert answers
Yes, you are eligible for an education loan to study in the UK with your four-year bachelor's degree and no backlogs.
- Unsecured loans: Up to ₹20 lakh, typically without collateral.
- Secured loans: Over ₹20 lakh (often up to ₹50 lakh or more) require collateral like property or fixed deposits.
- Co-applicant: Usually required; must have stable income and good credit history.
- Coverage: Tuition, living expenses, travel, and other study costs.
Loan amounts and terms depend on your financial profile and the lender.
Will you qualify for an Australian education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
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