Can I switch my sanctioned education loan for Australia to Canada, and is a loan amount of 40-50 lakh rupees sufficient for a Master's?
06 Aug 2026 · Answered by Hardika Gautam · 1 min read
No, you generally cannot transfer an education loan sanctioned for Australia to Canada. Education loans are usually tied to the country and institution for which they were approved, so a new loan application for Canada would be required.
A loan amount of ₹40 - 50 lakh is typically sufficient for a 1 - 2 year master’s program in Canada, covering most tuition fees and living expenses. Actual costs depend on your chosen university and city.
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