Life as a student isn’t usually one of luxury. When studying as an adult – whether entering tertiary education, returning to it later in life, or undertaking a postgraduate diploma – you’ll generally be committing to a modest, frugal life while you study, in the knowledge that you’ll earn better afterwards.
But that doesn’t mean that you need to live exclusively on the edge during your studies.
Our personal student loans, also known as study loans, can alleviate the financial stresses of student life; by giving you access to the cash that you need, right now.
At Instant Finance we pride ourselves on offering competitive rates. The interest rate of personal loans for education will be determined by a number of factors, most importantly your credit score, but will always fall between 9.95% and 29.95%.
We aim for complete transparency. You can find more information on our fees by clicking here.
Applying for an Instant Finance personal student loan couldn’t be simpler: just click the ‘Apply Now’ button below, complete a few simple steps through our online portal, and you’ll be on your way!
Looking for a bit more clarity about how much your study loan might cost per month? Our handy loan calculator can give you an idea of what your repayments might be. Simply click and drag the dollar amount and loan term to find out!
The student loan limit applies to students who are borrowing money to pay for living costs. The maximum you can borrow for this purpose is $228.81 a week, but this only applies to the Student Loan Scheme, not Instant Finance personal student loans.
When you apply for a personal student loan from Instant Finance, we’ll be in touch with you within 24 hours to approve your application or to get any other information we might need from you.
Private student loans can form a handy source of funds for a student, especially if you don’t have access to government-backed borrowing schemes. But as with any form of credit, you need to ensure you borrow within your means and pay back your study loan according to the rules.
There are two types of student loans: interest-free, government-backed Student Loan Scheme loans, and private student loans like those offered by Instant Finance, which are a type of personal loan.
