Funds requirement for Australian study visa | How many months old funds are needed ? 🇦🇺🇦🇺
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- Опубліковано 19 жов 2024
- This video is all about funds requirement of Australia to get a Valid student study visa of Australia 🇦🇺. This video will also discuss sponsors of your studies in Australia and will also let you know ‘How many months old funds are needed in Australia ?’ . And this video will also discuss the source or the form of funds which can be shown to get a Visa of Australia.
The success of the Australian Student visa (Subclass 500) getting approved is highly dependent on fulfilling the financial requirements. It is the most crucial step while applying for a student visa. As an international student, this can be a bit overwhelming to arrange the appropriate documents because this is very sensitive and at times complicated. However, Australian Student Visa Financial Requirements are like any other visa application requirement and if you do enough research this may not be much of a problem for you.
How to show funds for Australian Student Visa?
As an international student, you need to provide enough evidence of funding that can cover your course fee, living cost, travel cost, and if applicable living and travel cost of your spouse or dependent. You have to ensure this flow of funds throughout the time of your study.
There are 2 options for you to show your Australian student visa financial requirements:
Option 1: You can provide evidence of funds that can cover your course fee, travel, and living expenses for 12 months. This includes the expenses of your accompanying family members as well.
Option 2: Show evidence of your annual income which meets the requirements set by the Government of Australia to be eligible for a student visa. This can be either the income of your parents or spouse.
There are few acceptable ways in which you can show your financial evidence for the Australian Student visa.
Deposit of money from a financial institution (Bank Balance)
Loans from a financial institution
Government loan
Any private or government scholarship / other financial support
What is the total funds required for Australian student visa?
The total fund required for Australian Student visa mostly depends on the course fee if you go for Option 1. For Option 2 there is a fixed amount of income that you have to show as proof of financial security.
Australian student visa financial requirements for Option 1: 12 months Fund
The living cost for a single student for 12 months is AUD$21,041. For a spouse/dependent an additional AUD$7362 has to be provided. If the dependent is under 18 the additional amount is AUD$3152.
If in your student visa application you have added school-aged children to be accompanying you, then the cost of school is also added to your Australian visa financial requirements. The cost can vary from state to state but it is approximated as AUD$8000 per year.
In addition to these, AUD$2000 is required as your travel expenses and your course fee for a year which can range from AUD$20,000 - AUD$50,000 depending on your university.
Australian student visa financial requirements for Option 2: Annual Income
In this case, you have to show an annual income of at least AUD$60,000 of your own or your parents’. The income of your spouse is also considered here. Here, the parents or spouse who is sponsoring must not travel with the student.
For any dependent traveling with the student, AUD$70,000 has to be shown as proof of annual income.
How to Calculate funds for Australian Student Visa?
The total fund required for your student visa can be easily calculated if you know the cost breakdowns. Whether you go for a 1 year course or 3 years, your proof of funds for Australian student visa must cover 12 months of your study initially.
Your documentation needs to be solid and authentic to ensure the Australian government that you have enough financial resources or steady income in order to cover your living expenses and course fees after 12 months.
The easiest way to calculate the fund is by adding up all the expenses.
If you are going to apply with the financial proof of yearly income, it is advised to demonstrate a yearly income of AUD$62,000 for a single student and AUD$72,000 if you are dependent to be on the safe side. However, this may vary from country to country and is frequently updated by the Australian Home Affairs office.
Also please remember there is a visa application fee, which is AUD$630 for Subclass 500 and an additional AUD$470 for any dependent.
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Total hi 25lakh hone chahie na fees 6month ki pay krne k sth ... Mtlb 6month ki fees pay krde to fir account m 12,13 hi dikhane h na next 6month k liye
I have a questions. My name is teja. Hi bro , giving such valuable information, thank you .
1. How many days before we have show fixed amount for visa.
2. I got an offer in sydney for june 2023 intake and i paid first semester fee and loan was not sanctioned. How to get my money back or the college will reallot to my next intake ?
Please give me answer. Now i was in big trouble
Hlo bhaiya.. 23 lakh funds is enough coz 9 lakh fees of 6 month is separate?
Hyy my mother documents adhar card and pan card dob not same and not correction in adhar card due to dob cross limit can i show my mother itr in my application
Hlo bro file embacy me launch krne ke kitne tym bdh medical hota h
Bhai recent fund me current account show kr skte hai kya, 1 week old fund with source of fund ?
Hi brother, what about OSHC. For family (student+ spouse+one child) what are the charges for OSHC.
Visa lgne k bad show kiye fund hm nikal skte h ky apne
How many months old funds we have to show them?
Bro heavy vehicles like Trucks wegrha ke sell ke current funds chl jaayge kya jis ke sources ke full proof ho apne pass
Bro i got loan of amount 27 lakhs 50 thousand but consultant is saying that we must show 32 lakhs and he is saying that we cant add to loan to increase and he is saying to do FD Of 32 lakhs can you suggest me
Agar brother canada mein hai to India ke liye younger sis ke liye fund show kr sakta hai?
Bro mera education loan ho gya hai but mera agent abhi bhi old funds show krne ko keh raha hai is it necessary please guide
Can I show my funds by showing my grandmother's fund and remaining by education loan?
Bro 10 lakhs chalega ky ?
Sir post office account accepted nahi hai
Can we show education loan + personal loan both in funds?
Yess bro
Kya Dependent(Husband) k saath 3 months old baby ka b lagega visa?
Can younger brother sponser funds
Jo 70% bola aapne ki parents show karenge ki sponsor kara hai vo Bank loan me thodi na hoga? Kyuki vo to student ke naam pe hoga???
Yes education loan is in name of student .
In that case ur studies is being sponsored through bank loan
Agar mortgage cousin k nam par ho or bank mere ko 50 lac ka education loan de or sponsor bhai and papa ho to chalega?
Bro source of income bhi nahi chal rahi
Bro i need your help!!! 😢.. at GTE we showed one account of my father wd 50 lakh, my agency said you have to maintain it only till GTE clearance. After that i paid for Fees 15k aud and OSHC 1800 aud. After that my father used that money for buying property. Now we have 12 lakh... today the agent said send me fresh statement and now he says where gone the funds....
Now my father has funds in his other account, my mother has an account and i also have account, all money came from the first account of my father.
But my agent says that we only need that account which was using in gte. Bro please help..
Bro u need to maintain and show the funds till you arrive in Australia
@@Yourspratyush tommrow they lodge my file where they will show statement till 27, December till when my father had 53 lakh...
For a safer side, can i send back the money to his account and make the funds upto 20 lakh + and then file the visa or can i add my mother as sponser though she's not sponsored at GTE...
Or my father says wait till 20 Jan, his salary will be credited 12000 USD...what should I do brother
@@atul5340you got ur visa?
I am refused student from Canada Now I’m interested to applied to Australia so in Australia application should I show Canada refusal?
Brother can you please tell me If my father have business and I have FD 1month old can I apply for visa?
Hi brother, i am from Pakistan, and going to take admission in University of Wollongong in july uptake MS in medical biotechnology whose per semester fee is 16000AUS . I got 93% in matric in 2016, 86% in fsc pre medical and 3.7 cgp in BS Botany and waiting for transcript. My PTE overall is also 70. Is this university is rank A? IS Health insurance is included in fee of UOW? Am i get 50 percent of scholarship? bcz university is granting nearly 30% to each... And THE MOST IMPORTANT question is that My father has a house and i want to make bank statement... is it possible to sale house and deposit money at time of showing of funds and not at the present time? AND can i open the the account in which funds will be deposit at that time means on spot?? Is there ANY ISSUE regarding to 3 or 6 month old account>? Kindly Ans. my all questions in detail thanks
Fees after schoolarship or before??
Hai Bro ! For 3 months old savings Source of fund is not required right ?
Yeah ryt
@@Yourspratyush thanqq :)
Jiska koi nahi kya wo khudke fund show kar sakta hai
Does fund need to be shown even if you apply for level A university? Bcz my consultant is saying u don’t need statement .
Yes bro funds are important to be shown ….
post office wali fd b bank m transfer krni pdegi???
Hnji
What about FD ya kitna din purni chal sakti ha
3 months
Hello bro,
I want to ask that can I show my funds by showing half of mine relatives and the remaining by taking loan from the bank plzz tell bro ?
Relatives like ?
Hi mai ek salaried person hun… mere paas cash mein 2-3 lakhs hai unko maine account mein deposit kr diya hai.. to uska source kaise show krenge..plz reply?? Thanks
Sir uska koi source ho he nhi skta hai kyoki uska proof he nhi hai apke pass ki kha se aae hai kyoki vo apne cash collect kia hua tha apne pass …. Yes agr apke pass remaining funds ka source hai ya vo 3 months old hai to apko 2-3 lakhs rupees ka source dikhane ki jrurt nhi hai for example agr apke pass 20 lakhs rupees hai vo 3 months old hai ya unka koi source hai to ap unke saath 2-3 lakhs rupees show kr skte without telling any source
jo baki funds da dsna ohi ehnu v dsdeo 2-3 lakh jyada fark ni pendaa
Bhai funds apne blood relation uncle ke account m dikha sakte h kya
Blood relation uncle konse hote hai bro ?
Bhai blood relation sirf real brother sister hote hai mother father hote hai ya grandparents ho skte hai
Real Uncle aunty are not blood relation
@@Yourspratyush papa ka saga bhai bhi ho sakta h kya
@@rockybaliyanshoram no bro ….. he can show only 30% funds
Sir my wife got offer letter; m doing job in abroad since 9years, maine show money la source apni savings batha sakthey, bank statements,pay slip submit kiye tho chaltha? Kindly plz reply
funds 3 months old hone chaiye …. Saving ek source nhi mana jata but agr funds 3 months old hai mtlb apki savings 3 months old hai to vo chl jaegi
Still has doubt feel free to ask
@@Yourspratyush 3 months purana fd accepted hain ; uska bhi source dena padtha hain kya ?
@@samshibm453 bro 3 months old savings ho ya 3 months old FD ho to chl jaega uska source nhi pucha jata
Bro can my father grandfather grandmother can shows their fund altogether making it 35 lacs
Yes
@@Yourspratyush and how gonna get that money to pay our university fees once we reach Australia. ?
Bro can bank give education loan for 6 lacs ? Amount required for 1 st year fees and living expense is 34 lakhs per mere pas 28 lakhs hai to 6 lakh ka loan hoga ya koi or solution hai ??
Ho jaega bro loan 7.5 lacs ka without collateral
@@Yourspratyush bro but 3 years ki fees ? Ka margin rakh ke loan ni hota kya ??
After taking study loan of 40 lac
Should we still need to show funds for aus?
Yes
Bro mere fund agent khra khud dikha duga to isme koi dikkt to nhi h na
Or ab kal kraye h usse wo khta 3 month purae hoge jab tab lgegi file
Nhi dikkt to nhi hai …. 3 months old he chaiye hote hai funds …
file lga di k nhi
@@harjeetnandha2745 jab funds 3 months old hoge uske bad lgauga
@@thakur9456bhai kya bna fr?
Loan against gold chalega???
Yes as long as all the proofs and documents are with you.
Bhai .... bhabhiji sponsor bnn skte hai kya ???
How old itr is required for Australia visa filing
minimum 2 years old itr is required
Hlo pratyush bro..brother, mey chata hoon, mere parents ki koi bi property paper show na kar ney ki.. So mey mere fund ke liye bank se loan liya hey, or usko FD bi kar liya hey,...plz tell me. Keya eis se kam ho jaye ga? Mere fund ke liye?? Plz bro tell me...
How much loan and is it personal or education loan ?
@@Yourspratyush its education loan...30 lac BD TAKA & FDR 31.5 LAC BD TAKA...
Hlo..vaiyyaa
@@emonshah649 BD & TAKA means ?
@@Yourspratyush bangladesi currency
Agriculture limit chal jayega funds show mai
Nhi
Use saving me pa kr 3 month old krni pdegi
Thanks
Bro mere father retired hai, Funds h mere pas land bech ke but itr me problem hori, mei apne uncle ka itr de skta hu ?? Pls reply bro 🙏🙏
No u have to show yours father ITR
Hi bro. Does Education Loan Accepted of Worth 4M??
Yeah
@@Yourspratyush will Education loan affects good or bad for visa perspective??
@@hz_143 no but it makes your profile better and stronger because loan is offered by bank which is easily believed by everyone and anyone
@@YourspratyushThanks bro😊
Hi bro...fund calculation me tution fees after deduction of scholership hoti he ?????
Yes
Hi bro.. house top off is acceptable for visa?
??
House top off ??
House top off loan
@@pnr2626 I think u r saying house top up loan …. If you are saying this then it is accepted. Loans of all types are accepted
Yes broo thank you
BRO I HAVE 4O LAKHS IN BANK HOLD FOR 3 MONTH. MY FATHER IS IN ABROAD YEARLY 21LAKHS HE EARN. HE GETS PAY SLIP DOES IT WORK OR NEED BANK STATEMENT. I HAVE DONE PROPERTY VALUATION TOO. WHAT SHOULD I DO APPLY OR NOT PLZ REPLY. WHAT ARE THE DOCUMENTS NEEDED TO APPLY
Bank statements are must bro .. all financial documents are required which I mentioned in the video
My father is in Qatar so his company pay him in cash there are no bank transaction bro.
@@KajiDinesh this you need to ask to your agent then
I receive offer letter from griffith university few days back so my course duration is for 2 years toh muje funds ek saal k dikhane h ya of whole course ?
One year
One year tuition fees+21,041AUD + travelling expenses around 2000AUD as I explained in the video
@@Yourspratyush okay lemme calculate now 🤭
Is Griffith good for MBA ?
@@N.Priyanka are you planning for feb intake ?
Thanks bro for valuable information
Bhai itrs kitni lakhs ki honi chahiye please bhai reply krna please 🙏
Kitne sponsors hai apke ?
For 2 sponcer?
@@me24. 9-12 lacs ki chl jaegi
@@Yourspratyush dadi nd papa ki Mila k 10lakh kraai hai ... It is oky?
@@me24. yeah