International students can get financially sponsored by their parents or spouse to study in Australia. However, students can also avail for scholarships provided by universities and government. The Australian government offers a wide range of scholarship programs for international students. More than 120,000 scholarships are offered to international students by universities. The average monthly stipend provided by these scholarships is around AUD $20,000. More than 1000 scholarships are available at top universities for international students in Australia for the academic year 2025-26. You can also apply for personal loans and student loans offered by different banks.
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Top 10 scholarships to study in Australia
The table below consists the names of the scholarships offered to international students by the Australian government, their eligibility criteria, and the benefits they offer:
|
Name of the Scholarship |
Eligibility Criteria |
Advantages of the scholarship |
|
Australia Award Scholarship |
Graduate students applying for the discipline of engineering, construction, energy, and resources |
Full tuition fee, some part of living expenses, overseas student health care cover, and fare of air tickets |
|
Global Excellence Scholarship |
The students of undergraduates and postgraduates |
Can differentiate by university |
|
Students who are undergraduate and completed graduation courses in the department of education by certain universities |
Can get full tuition fee waiver and half stipend |
|
|
Destination Australia International scholarship |
research, postgraduate, and undergraduate studies in regional Australian Universities |
AUD $45,000 – $60,000 |
|
Australia APEC women in research fellowship |
Only for the women researchers who are in the field of science, math, Technology and Engineering |
AUD $300 per month, establishment, and travel cost |
|
International postgraduate research fellowships |
Only for the students pursuing postgraduate research degree |
It covers tuition fee, and a health insurance |
|
Undergraduate and Graduate degree courses |
AUD $ 1000 |
|
|
Master’s by research or PhD programs |
40,109 AUD per year |
|
|
All Undergraduate, Postgraduate, and Master’s courses |
25% of tuition fee waiver |
|
|
Undergraduate and Postgraduate degree courses |
AUD$10,000 |
Top Indian Banks providing education loans at a lower rate of interest
Every year, the enrolment rates are increasing by 4-5% in all Australian universities. There are two types of loans to study in Australia- Secured and unsecured.
The table below consists of the names of the secured education loans, with the loan amount and rate of interest:
|
Name of the Bank |
Loan Amount (INR) |
Rate of Interest |
|
SBI |
1.5 CR (max) |
11.50% maximum for boys |
|
|
10.65% maximum for girls |
|
|
UBI |
1.5 Cr (max) |
10.5% - 10.85% |
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The table below consists of the names of the secured education loans, with the loan amount and rate of interest:
|
Name of the bank |
Loan Amount (INR) |
Rate of Interest |
|
Axis Bank |
50 L (max) |
11- 13.5% |
|
ICICI Bank |
50 L (max) |
10.85% - 12.5% |
|
IDFC First Bank |
35 L (max) |
11.75% - 13.25% |
|
HDFC Credilla |
Around 20 L (Only for the STEM courses) |
12% – 13% |
|
Avanse |
Around 20 L (Only for the STEM courses) |
12.75% – 13.25% |
|
Prodigy Finance |
100,000 USD (max) |
12% – 14% |
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