5.0 rating
Typical amounts $3,000 to $50,000+
1 to 7 year terms for certainty
Same-day decisions possible for complete applications
Choose flexibility or sharper pricing with security
Pay universities, TAFE or course providers at settlement
Tuition, textbooks, devices, travel and more
Share your details, course info and budget. No lengthy forms.
Compare secured vs unsecured, terms, fees and comparison rates.
Provide ID, income evidence and bank statements for assessment.
Funds to you or directly to the education provider for fees.
Education loans help Australians spread the cost of study—covering tuition, textbooks, devices and related living costs—into predictable repayments. They’re commonly used for university, TAFE, professional certificates and short courses, including online programs.
You can opt for unsecured loans for speed and flexibility, or secured loans (e.g., using a car) for sharper pricing or higher limits. Compare interest and the comparison rate to understand true cost, and align the term to your study timeline so repayments stay manageable.
Jump to the section that best fits what you need.
Pick a structure that suits your course timing and budget:
A personal loan that doesn't require collateral, based on your creditworthiness and ability to repay, offering flexibility for various purposes.
People who need flexible funding for any purpose without risking their assets. Ideal for debt consolidation, home improvements, holidays, and old or exotic vehicles.
A personal loan secured against an asset offering lower rates than unsecured options. Use the funds for any purpose while benefiting from competitive secured rates.
Borrowers with valuable assets who want lower rates for debt consolidation, home improvements, or major purchases while keeping costs down.
An unsecured personal loan with fixed interest rate providing predictable monthly payments. Perfect for consolidating debt or funding personal goals.
Borrowers who want payment certainty and protection against rate rises for debt consolidation, home improvements, or planned expenses.
An unsecured personal loan with variable interest rates that can fluctuate with market conditions. Potentially benefit from rate decreases on your personal financing.
Borrowers comfortable with payment variability who want to benefit from potential rate decreases without putting assets at risk.
Education loans can cover a wide range of study-related costs in Australia:
Pay university, TAFE or private provider fees on time—often with the option to pay the provider directly at settlement.
Fund textbooks, software licences, lab fees and other course materials without draining savings at census or exam time.
Purchase laptops, tablets, specialist tools or cameras required by your course and bundle them into one repayment.
Cover accommodation, transport and childcare during intensive study periods so you can focus on results.
Finance exam fees, accreditation costs and compulsory memberships for fields like accounting, IT or healthcare.
Include flights, visas and short-term accommodation for exchange programs or residential intensives.
Maya K
Challenge: Upfront fees for a 12-month graduate diploma plus a new laptop.
Solution: Unsecured education loan over 4 years with staged drawdowns.
Maya in Brisbane wanted to upskill with a graduate diploma while working part-time. Through Emu Money she compared matched options and chose an unsecured education loan with fixed repayments and staged drawdowns—paying the provider at census dates and funding a new laptop. This kept cash flow steady and aligned repayments with her study schedule.
Typical loan sizes range from $3,000 to $50,000+, depending on course costs, income stability and overall commitments. Secured loans may allow higher limits and sharper pricing; unsecured options prioritise speed and flexibility. Lenders assess recent bank-statement conduct and serviceability to set a suitable maximum so repayments remain manageable throughout your study.
Balance over time
Eligibility focuses on affordability, income stability and a clear plan for funds (e.g., offer letter, invoice or course outline). Stronger profiles and secured options can unlock sharper pricing. Clean recent bank-statement conduct improves approval odds.
You may be eligible if you are:
An Australian resident aged 18+
Employed, self-employed or receiving acceptable income
Able to demonstrate serviceability via bank statements
Meeting minimum credit criteria (score/history)
Borrowing for bona fide study purposes
Complete a quick online application and upload documents. We’ll compare offers across secured vs unsecured and coordinate settlement to you or directly to the provider so enrolment isn’t delayed.
Documents you may need:
Photo ID (driver’s licence or passport)
Recent bank statements (3–6 months)
Payslips or income evidence (or tax returns if self-employed)
Course offer/fees invoice or study plan
Asset details if offering security
Compare more than the headline rate—the comparison rate reflects interest plus most fees. Shorter terms cut total interest, while longer terms reduce monthly outgoings; choose the balance that fits your cash flow during study. If your provider bills by term, consider staged drawdowns so you only accrue interest on what you use. Check early-repayment policies so you can pay it off faster without penalty.
Example: Term impact — $20,000 at 10.99% p.a. (approx.):
Term | Approx. Monthly Repayment | Total Interest (approx.) |
---|---|---|
3 years (36 mths) | $654 | $3,522 |
5 years (60 mths) | $436 | $6,160 |
7 years (84 mths) | $361 | $10,324 |
Structure and features affect flexibility and cost. Here are key options to consider:
Secured loans (often against a car) can allow larger amounts and sharper rates but put the asset at risk if repayments are missed. Unsecured loans are faster and more flexible, usually at higher rates.
Fixed rates provide certainty over the whole term. Variable rates can change with the market and may save money if rates fall—but could rise.
Some lenders pay tuition invoices directly at settlement. This can secure enrolment quickly and ensure funds are used as intended.
For multi-term programs, staged drawdowns let you access funds as invoices arise, reducing interest on unused amounts.
Look for extra repayments and early payout with low or no penalty so you can clear the balance sooner and save on interest.
Sharper pricing is offered to stronger profiles. Improving bank-statement conduct and reducing other debts before applying can help.
Verified Review
I've got the best service at Emu Money and their willingness to help you out. Evette went out of her way to help assist for the desired results. I will highly recommend them to anyone. Evette's industry knowledge & service was exceptional! I highly recommend her & will definitely reach out should we need any financial services in the future. Thank you
Mazhar A.
Verified Review
I want to take this moment to highlight the outstanding service I received from Jackson in organising for the purchasing of my car. Jackson have the know-how in dealing with any customers and made my car buying experience smooth and enjoyable. He was incredibly knowledgeable about the product and I confidently made my decision because he gives me all the information I needed. He was transparent throughout and made me comfortable and informed throughout the process. I would not hesitate to recommend Jackson and the company for a fast and easy loan approval that you don't get anywhere else. Thank you Jackson and I will recommend you to all my friends and families.
Usaia R.
Verified Review
It was an absolute pleasure dealing with Ryan from Emu Money in sorting out my car loan. I was talking with another broker and I was almost ready to settle the loan through him without realising I was getting charged a large amount as the lender fee, almost 3K. Once I started talking with Ryan I realised the naked truth of how I was about to get ripped off by the other lender. Ryan helped me to get the loan with a lesser fee, lesser repayment amount and the same lender with which I was gone with the first broker. I can't thank enough Ryan for his exceptional service which helped to get a better deal. I would highly recommend him for any loan needs.
Praveen P.
Verified Review
Huge thanks to Evette at Emu Money for hooking me up with an amazing car finance deal — absolute legend! Very knowledgeable, went above and beyond, made the whole thing easy and saved me a ton. Couldn’t be happier!
Scott D.
Verified Review
I applied for a car loan with the help of Emu Money a week ago, and the process was very fast and easy. There was no stress at all, as everything was taken care of by Krish, who managed my application from start to finish. He was very easy to communicate with and clearly explained the entire process and what was required from me. He was also quick to provide updates throughout. I would definitely recommend Emu Money to anyone looking for a smooth and hassle-free loan experience.. Thank you Krish.
Saritha A.
Verified Review
Brad was great quick and simple no headaches. just simple process and was done in quick time frame. cant thank him enough.
Danny D.
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