You decide how much you would like to borrow, and we provide the flexibility to access the money as needed. Because you access the money as needed, you only need to repay the amount borrowed, each time you increase your borrowing we will automatically adjust your repayments to make sure they stay up to date, and your loan is repaid on time. We directly pay the education provider – hassle free.
Find the course that’s right for you, with any one of our Education Partners.
Apply for the course and Study Loans funding via our Courses Page or your chosen course provider.
Funds are released, directly to the course provider, in drawdowns, as you progress through your studies
Interest rates start from 11.5% p.a. These rates are correct as at 1 November 2019 and subject to change at any time. The actual interest rate applicable to your loan will depend on your personal circumstances and will be confirmed as part of your loan approval. All applications are subject to Study Loans normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply if you activate your loan.
Rates are calculated on a risk-based pricing model using a rich data set that takes into account both your situation and the chosen area of study.
This means that the funds for your education are only made available as you progress through your chosen studies. If your circumstances change, you may be able to suspend your studies and suspend future drawdown payments of the loan. You will of course be required to continue to pay off the drawdowns already released.
This ensures managing your student loan is simple and straightforward - no flashing lights or hidden fees. As one of Australia’s leading education loan providers, we understand that circumstances change, so our loans are built to be very flexible.
They have a proven track record of course completion and compliance. Our eligibility criteria is strict so check with your chosen course provider to see if they’re a trusted Study Loans partner.
| Study Loans | VET Student Loans | |
|---|---|---|
| Loan Amount | $2,001 to $15,000 | Caps apply ($5k, $10k or $15k) |
| Loan Term | 6 to 48 months | Dependent on income |
| All Qualification Levels |  |
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| No Up-front Loading | |
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| Pay-as-you-go | |
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| Holiday Periods Available | |
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| No Early Repayment Penalties | |
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Indicative comparison table. Further research should be conducted on the suitability of the Study Loans product versus government products and schemes.