Education Loan - University in Australia

[amit27]

You have not provided income of your parents (which they are mentioning in IT Return)
For Loan, you need a guarantor like a parent to be a co-signatory to the loan; sometimes a security might also be needed. loan eligibility is dependent upon the co-applicant’s income.

If you do have above option (Guarantor), you can take personal loan for this. But it is very expensive in the 18% per annum range.

Thanks MTG for answering my questions.

My Parents income is 3.5 lacs from pension, for which they file income tax.
Other income is 4.5 lacs from home rent.

Please guide me.