We are not currently accepting applications for this type of loan. We apologise for the inconvenience.

What is a student visa mortgage?

Being a student visa holder doesn’t automatically qualify you for a mortgage in Australia but you may still be able to borrow with help from your parents!

Can I get a mortgage on a student visa?

Are you an international student who is currently studying and living in Australia?

You may be eligible for a student visa mortgage with help from your parents!

Read on to find out how some of the major Australian banks view student visa mortgage applications and how your parents can help you with the purchase!

Can I buy in my parents’ name?

As a student you cannot prove an income, therefore you cannot qualify for a student visa mortgage in Australia.

So the best method of buying a property is for your parents to buy an investment property in Australia in their name and to rent it to you.

They would be doing this as an overseas property investor, and they must meet standard Australian bank lending criteria and qualify for FIRB Approval.

Most of the time your parents will be eligible to borrow up to 70% of the property value. To qualify for FIRB approval your parents must be buying a new property, not an existing home.

What if I have a job?

If you have a job and you are not working more hours than is allowed by your visa conditions, then we may be able to assist you to buy a property in your own name.

To apply for a student visa mortgage in your own name you must have:

  • A good credit history in Australia.
  • Stable employment.
  • An ability to repay the loan and pay for your living expenses without relying on funds from your parents.

You must be able to prove that you can afford to repay the student visa mortgage using your income in Australia.

This means that you will need to provide payslips, tax returns or a letter from your employer, depending on the lender that we help you to apply with.

If you cannot prove an income in Australia then you should get your parents to buy a property in their name. It’s not possible for you to apply for a home loan with your parents as a guarantor.

To speak to someone who has in depth knowledge of a student visa mortgage please call us on
1300 889 743 or enquire online for some professional advice.

How much can I borrow on a student visa?

Despite being on a student visa, our lenders will allow international students to borrow up to 80% of the value of the purchase price, provided they meet the lending criteria. Some lenders may even be able to offer you a discounted student visa mortgage.

Want to find out your borrowing power? Discuss your situation with our mortgage brokers and they can quickly work out how much you will be entitled to borrow.

Simply enquire online or call us on 1300 889 743 to find out how we can help you get approved.

Will I need a deposit?

Yes, most banks require you to provide a 20% deposit. You will need another 5% of the purchase price to cover purchasing costs such as stamp duty and conveyancing fees.

If your parents choose to gift you some money to put towards the purchase price, then this will be accepted by most major banks.

These funds must be deposited into your account before the application can be processed.

How do the lenders view student visas?

We commonly receive enquiries from international students on a temporary visa who wish to buy property in Australia.

The difficulty is that most banks have very strict lending criteria when approving a student visa mortgage. If you approved, then the lender may then impose a higher interest rate.

It also depends on whether or not you are working, as your employment status can affect your ability to get approval.

Will the banks accept my scholarship income?

Are you currently receiving funds through a scholarship?

Unfortunately, most banks will not accept this as part of your income when assessing your ability to repay the debt.

However, if your partner is an Australian permanent resident or citizen who is working and you are applying for a loan together, the banks will take your partner’s income into account and you may be eligible to borrow up to 95%!

See our temporary resident mortgage page for more information.

Call us today on 1300 889 743 or enquire online and we can help find you the right lender who will accept your situation as an international student.

Will I get a good interest rate?

If you have good credit and can demonstrate your ability to repay the debt, most banks will offer standard interest rates.

However, we know of lenders that offer the most competitive rates around and will approve your loan regardless of your student visa.

Will I need FIRB approval?

You will need Foreign Investment Review Board (FIRB) approval, unless you are buying the property with a permanent resident or Australian citizen.

The Foreign Investment Review Board (FIRB) is generally concerned with the type of property being purchased.

The FIRB has a more flexible policy for those who are purchasing an owner occupied dwelling. Approval is not overly complicated and is usually granted within two weeks. If you are buying real estate in the name of your parents then different criteria will apply as they are not living in Australia.

Which visas are accepted?

The Student visa types that we can assist with are:

  • Student Visa (Subclass 572 – Vocational Education & Training)
  • Student Visa (Subclass 573 – Higher Education)
  • Student Visa (Subclass 574 – Postgraduate Research)
  • Student Visa (Subclass 575 – Non-Award)
  • Student Visa (Subclass 576 – AusAID / Defence)

In addition to the above temporary residence visas, we can also assist with other student related visas. Graduates who are looking to obtain permanent residency in the future, may be eligible to borrow up to 80% of the property value:

  • Skilled Regional Sponsored Visa (Subclass 487)
  • Skilled Graduate Visa (Subclass 485)
  • Skilled Recognised Graduate Visa (Subclass 476)

If you are unsure as to whether your visa type will be accepted by the banks, contact us on 1300 889 743 or enquire online.

Get fast approval!

Bank policy is constantly changing! By speaking to an expert in student visa mortgages you can get the most accurate and up-to-date information available.

Our mortgage brokers can choose from over 40 major banks and specialist lenders. This means we will shop around to find the right lender for you.

Call us now for an obligation free consultation on 1300 889 743 or enquire online and one of our mortgage brokers will contact you to discuss the options available to you.

  • Caleb

    I want to buy the house that I have been renting in for the past 8 months. It is a standard residential property so I should be able to get finance for it, right?

  • Hey Caleb,

    Unless you’re an Australian citizen, NZ citizen or a permanent resident, or buying with one, you’ll need FIRB approval, which you should be able to secure as you’re allowed to buy established property (one that hasn’t been recently built). However, you’ll have to sell the property when your visa expires and you leave Australia.

  • Claudia

    I was on a Higher Education Sector visa (subclass 573) and I now have a Student visa (subclass 500) as I needed to extend my stay. Can you help me get a home loan here?

  • Hello Claudia,

    Yes, we can help but you need to know that if you’re buying a residential home then you’ll have to sell it when your visa expires and you leave Australia. However, you can often keep an investment property, though to get approved, it will first need to be a new property. Please call 1300 889 743 to discuss your situation and loan needs with one of our student home loan specialists.

  • Wylie

    I don’t have a deposit and genuine savings so can I get a home loan with my parents as guarantor?

  • Hi Wylie,

    To apply for a student visa mortgage in Australia, you need to have a good credit history in Australia, stable employment and an ability to repay the loan and pay for your living expenses without relying on funds from your parents.

  • Archana Vijayaraghavan

    can Student Visa Subclass 500 be eligible to get a home loan with the parents as a guarantor?


  • Archana Vijayaraghavan

    I am of Indian nationality and have the student visa subclass 500 , am i eligible to apply a home loan with the help of my parents in Melbourne . please do reply thank you

  • Hi Archana,
    If you are working up to 20 hours per week then we can get a loan in your name. Typically this is for no more than $100,000 as working 20 hours a week you cannot afford to borrow much.
    Alternatively if your parents are on the property and loan then you can borrow up to 70% of the property value subject to their income being proven.
    – You’d need to buy a new property (your parents are foreign investors)
    – You’d need FIRB approval (approx $5,000 cost)
    – Victoria charges additional stamp duty of 7% for foreign citizen buyers. On a $500,000 property that’s an extra $35,000 in tax.
    Personally I’d recommend that you wait until you are working and have PR then you can avoid the tax and buy a home on your own.
    NSW and QLD also have an additional tax. However in SA, WA, NT, TAS and ACT there’s no additional stamp duty so it’s common for us to get a property in the name of the parents which they then rent to their son or daughter who is studying.

  • Archana Vijayaraghavan

    Thank you so much for this information .

  • Srinivas

    Iam srinivas on student visa, I wanna know that is there any chance of getting a loan to buy house in NSW along with my another friend who is on student visa as well. We both combinely want to buy. How would be the process in such case.
    Thank you

  • Hi Srinivas,
    If you’re working 20 hours a week then typically you can borrow max $100,000. So assuming you’re both working you may be able to borrow $200,000.
    If you have a large deposit then this is fine. Otherwise it’s best to wait until you’re on a graduate visa.

  • Srinivas

    Thanks for the info

  • Venkat

    Hi, I am a student working for 20 hours a week and I understand from the conversations below that I am eligible for a max $100,000 mortgage loan. What would be the repayment tenor, interest rate and the repayment amount. Thanks.

  • Hi Venkat,
    Rate would be case by case. Estimate repayments $733 per month for $100,000. Estimate 30 year term.

  • Allie L

    How do I get in contact with you? I will foreseeable be on a PR or graduate visa in 6months – year I don’t know anything about my credit rating and other requirements. I know from my home country that it can take years to build. I’m so confused. Do I start building it now. I see some properties that I’d like but I don’t know how to calculate things….Thanks

  • Hi Allie,
    In Australia building a credit history isn’t too important. However there are other things such as genuine savings which are important. I’ll email you and cc one of our mortgage brokers who can give you come tips to help you get ready to buy in 6 months time.

  • Duc Nc

    i want to buy a property under my son name who is studying at RMIT. Pls let me know , Can i make a loan and how?

  • Hi Duc,
    It’s very unlikely that he can borrow in his name. You could buy in your name however it would be expensive with approx 4% in setup fees and 8% as an ongoing rate. You’d also need to buy a new property and to pay additional government fees that don’t apply to Australian citizens and PR holders.

  • Duc Nc

    Tks for yr reply!
    I heard that the rules was change on Jul 2017!? pls check again

  • Duc Nc

    I heard that the rules was changed on Jul 2017. Pls check again!

  • Aldo

    I am a master by research student under the visa subclass 500 ex 574 research sector.
    I am currently working 40 hours per week with an income around 3.200 per month, same as my wife.
    it is possible to buy a house? we also have created a new company Pty Ltd.

  • Hi Aldo
    It is unlikely that you can get approved for a loan however we have some lenders that can consider lending up to 60% of the property value at higher interest rates than normal. We need to show that you can afford the repayments from your income and potentially contributions from your family as well.
    You must not be in breach of your visa conditions so as long as you are allowed to work full time this may be considered.