What is Study Loans?
Study Loans is a new kind of finance for students seeking assistance in paying for their education.
We provide the funds for approved courses direct to the approved education provider on behalf of the student for loan amounts between $2,001 and $15,000. Our loan terms range from 6 to 48 months and we aim to provide interests rate from 12% to 16.2% p.a, based on financial and educational data.
Interest rates are calculated on a risk based pricing model that take the students financial situation and the education providers history into consideration. Our aim is to offer competitive interest rates inline with these models, ranging from 12% to 16.2% p.a. The interest rates are variable in nature with the rate calculated daily and charged monthly on the outstanding balance of the loan.