Better manage your cashflow
Education is a priceless and enduring gift, but the significant cost of school fees and additional expenses like technology and extracurricular activities listed on your school fee invoice can make juggling the household budget challenging and stressful.
Our Tuition Instalment Loan can help spread the costs of a full year into easy and manageable repayments over a 12-month period.
Once your application is approved, you can use your loan to pay your school fee invoices via the Education Lending Portal. Repayments will then be deducted from your nominated bank account.
As the loan is a continuing credit contract, when you complete your current repayment schedule you can use the loan again, within the approved loan limit, for subsequent school years.
Part-year funding is also available; however, the repayment schedule cannot exceed the period of the invoices being funded.
Repayments are direct debited from your nominated bank account weekly, fortnightly or monthly to match your... cashflow.Read more
No hidden fees
$0 Application Fee.
3% annual Service Fee of the Loan Limit.
A default interest rate of 4% will apply if... the loan is not repaid in full by the due date.
Calculate your estimated annual loan repayments.
The loan amount entered should equal the total annual school fees you would like to fund using the loan.
The amount entered is below the minimum loan amount.
- Service fee (3%) $0
- Total $0
Repayments (12 month period)
*Ensures that your repayment schedule is complete before drawing down for the following years school fees.
Use our easy online application form to apply.
Remember to have the following handy before you start:
• Details... of your income expenses and other financial commitments.
• Copies of three of your most recent payslips or other financial statements.
• Your Driver’s Licence, Passport or Medicare card to verify your identity.
If you need help completing the application form, please call us on 1300 345 456.
We’ll review your application and if we have everything we need, we will get back to you within 2 business days... with a decision.
Once approved we will provide you with your credit contract (and credit guide) for your review and acceptance.
Once accepted, login to the Education Loans Portal to use your loan to pay school fee invoices online via BPAY®....
Repayments will be deducted from your nominated bank account based on the frequency you selected.
When the repayment schedule is completed you can use your loan again for subsequent school years.
It is a loan that is designed to make the payment of large private school invoices more manageable and take the pressure off the budget. It spreads the annual cost of your child’s tuition into weekly, fortnightly, or monthly repayments.
Once your application is approved, you can access the Education Loans Portal anytime to pay your school fee invoices via BPAY®.
The Education Loans Portal provides secure access to your loan account details.
Yes, you can. There are no penalties for paying out your loan early. Please contact the team on 1300 345 456 if you would like to make a lump sum repayment.
Smooth out your child’s private school fees
Apply online today
Spread the annual costs into easy and manageable repayments over a 12-month period.Apply