Education Loan for Australia Study Visa 2026 Intake – Complete Guide for Students with Salaried Parents
Many students planning to study in Australia ask one common question:
“Can we take an education loan for Australia study visa, and does the embassy trust it?”
The simple answer is YES, but not every education loan is acceptable.
In recent intakes, a large number of visa refusals happened because students took wrong or non-acceptable education loans without proper guidance. This blog explains the truth behind education loans, especially for students whose parents are working professionals or salaried employees.
First Understand This: Not Every Education Loan Is Accepted
Nowadays, students often hear:
“If you don’t have funds, just take an education loan and your visa will be approved.”
This is not completely true.
In fact, in the previous intakes, a high number of refusals were seen in cases where:
Education loan was taken from the wrong institution
Loan was unsecured or poorly documented
Loan source was not trusted by the Australian High Commission
The source of the education loan matters more than the loan amount.
Which Education Loans Are Accepted for Australia Study Visa?
The Australian High Commission accepts only education loans approved by trusted banking institutions.
Accepted Loan Providers:
1. Nationalised / Government Banks
These banks are highly trusted, such as:
State Bank of India (SBI)
Other government-owned banks
Loans from nationalised banks are considered safe and reliable.
2. Selected Private Banks
Some private banks are also accepted, including:
HDFC Bank
IDFC First Bank
These banks follow regulated lending policies and are recognised by the Australian authorities.
Not Accepted: NBFC Education Loans
❌ NBFC (Non-Banking Financial Companies) education loans are NOT accepted.
These include:
Non-banking financial institutions
Private finance companies not listed as banks
Even if the loan is approved and disbursed, NBFC loans are not trusted by the Australian High Commission and can seriously affect visa outcomes.
👉 This is one of the biggest reasons for visa refusals.
Types of Education Loans That Are Acceptable
Education loans must be secured and well-supported. Generally, loans of ₹35–40 lakh are not approved without security.
1. Education Loan Against Property (Secured Loan)
This is the most preferred option.
Loan is taken against residential or commercial property
Property documents or registry are submitted to the bank
Loan is considered stable and genuine
👉 Property-backed loans are highly trusted by the embassy.
2. Education Loan Against Fixed Deposit (FD)
This option is also acceptable if:
FD is genuine and properly documented
FD is not newly created just for the loan
Ownership and source of FD are clear
This option works well when:
Property is recently purchased or unavailable
Family prefers FD-based security
Why Unsecured Loans Are Risky
Large loan amounts without collateral raise doubts about:
Financial stability
Repayment capacity
Genuineness of the profile
That’s why unsecured or loosely documented loans often result in visa refusals, even when the loan is approved.
You Can Verify Approved Banks Yourself
Students and parents can also:
Visit the official website of the Australian High Commission
Check the list of approved nationalised and private banks
Confirm that NBFC loans are not accepted
Doing this verification before taking a loan can save your visa file.
Education Loan + Salaried Parents = Strong Profile (If Done Correctly)
When parents are working professionals:
Salary slips
Employment proof
ITRs
combined with a proper education loan create a balanced and trustworthy visa profile.
But if the loan source is weak, even a good job profile can fail.
Why Proper Guidance Is Extremely Important
Many students face refusal because:
They blindly follow advice from untrained agents
They take NBFC loans without knowing embassy rules
They do not structure the loan and documents properly
A single wrong decision can affect your entire future plan.
Free Counselling at My Immigrator – Mohali
At My Immigrator, we provide FREE counselling to students planning for the Australia Study Visa 2026 Intake.
We help you with:
Education loan guidance (which bank & which type)
Verification of loan acceptability
Document planning for salaried parents
GS & SOP preparation
Complete visa filing support
👉 No consultation fees. Only honest and transparent guidance.
Conclusion
Yes, education loans are accepted for Australia Study Visa 2026, but only if taken from approved banks and with proper security.
Nationalised and selected private banks are trusted
NBFC education loans are not acceptable
Property-backed or FD-backed loans are preferred
With correct planning and expert guidance, education loans can strongly support your Australian study visa application.
📍 Free Counselling – My Immigrator
📞 9872703076 | 7009296344
🌐 myimmigrator.com
📍 Phase 5, Mohali
