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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.

Benefits

  • Borrow up to $50,000 (depending on your circumstances)
  • Flexible repayment schedules (weekly, fortnightly, or monthly)
  • Range of loan terms available (3 months to 5 years)
  • Enjoy low fees and competitive rates.
  • You will get a response within 24 hours.
  • Option to Apply for additional funds if required (subject to responsible lending criteria)

  • Fast online application

    Apply from anywhere, anytime! Not only is the application form fast, but it helps us collect all the information we need and process your application faster too.

  • Same day response

    When you need cash, you don't want to be held up. You can expect a same-day response about the next steps for your application.

  • Money in your account within 24hrs of approval

    Once your loan application is approved, you could have money in your account within 24 hours and get back to what you love.

  • Personalised rates

    Get an interest rate of your own! We know there's no one size fits all, so we tailor our interest rates to you and your financial situation. Why not have a play with our calculator?

Student Loan Interest Rates

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 12.95% and 29.95%.

Fees

We aim for complete transparency. You can find more information on our fees by clicking here.

How to Apply

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!

Calculate Your Potential Repayments

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!

FAQs

What is the student loan limit in New Zealand?

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.

How long does it take for a student loan to be approved in NZ?

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.

Is taking a private student loan a good or a bad idea?

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.

How are student loans different from other loans?

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.

Get your personal loan for Education underway today!

Apply Now