No — you can begin the loan application with just your offer letter. Most NBFCs (Avanse, InCred) will issue an in-principle sanction letter based on your offer letter alone. However, for the final sanction used in your visa application, the CoE is required. We recommend starting immediately after receiving your offer letter to build maximum processing time. Australian universities issue CoEs after fee payment, which can be funded through the loan — we help structure this.

Yes. For Group of 8 and other highly ranked Australian universities, several NBFCs offer collateral-free loans up to ₹75 Lakhs. Avanse Financial, InCred, and Auxilo are particularly strong for Australia-bound students — with no property required if your co-applicant has good income (above ₹5L/year). For amounts above ₹75L, secured loans from SBI or HDFC Credila are recommended. Loan Scholar compares both options for your specific profile.

OSHC (Overseas Student Health Cover) is mandatory for your student visa — and yes, it can and should be included in your education loan amount. Many students and even some banks overlook this, leading to last-minute cash shortages. At Loan Scholar, we always calculate OSHC (approximately ₹50K–70K/year) as part of your total loan requirement to avoid this problem.

The moratorium period = course duration + 6–12 months. For a 2-year Masters program in Australia, you typically don't pay EMIs for 2.5–3 years after disbursement. Interest accrues but is not compounded during this period for most public sector banks. Once you start working in Australia on a 485 Graduate Visa earning AUD 65K–85K, repayment in INR becomes very manageable — most students clear their loans in 3–4 years from AUD earnings.

Absolutely. While Loan Scholar's main office is in Hyderabad, our entire process is handled remotely — via phone, WhatsApp, email, and video calls. We serve students from Warangal, Karimnagar, Visakhapatnam, Vijayawada, Guntur, Tirupati, and all cities across Telangana and Andhra Pradesh. Document submission is fully digital. You never need to visit our office in person, though you are always welcome to do so.