Better manage your cashflow
Our Education Loans are tailored to help you pay private school fees and other costs listed on the school’s invoice either upfront at the start of the year or by term/semester.
Easy and manageable repayments help spread the costs of a full year over a 12-month period help take the stress out of juggling the household budget.
Once your application is approved, you can use your loan to pay your school fee invoices via the Education Loans Portal. Repayments will then be deducted from your nominated bank account.
Note:
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.
Flexible options
Repayments are direct debited from your nominated bank account weekly, fortnightly or monthly to match your... cashflow.
Read moreNo hidden fees
$0 Application Fee.
An annual Service Fee of 3% of the Loan Limit applies for Tuition Instalment Loan.
An... annual Service Fee of 6% of the Loan draw down amount applies for Tuition In Advance Loan.
Note:
A default interest rate of 4% may apply if loans are not repaid in full by the due date.
Cover the extras
Pay other education-related fees like levies, uniforms, textbooks, excursions or extra-curricular activities listed... on your school invoice.
Read more
Pay private school invoices on time by term or semester.
Tuition Instalment Loan helps you pay private school fees simply and more conveniently to better manage your cashflow. Use it to pay for all costs detailed on the school invoice including levies, uniforms, textbooks, excursions or extra-curricular activities.
Loan amount 
The amount entered is below the minimum loan amount.
- Service fee (3%) $0
- Total $0
Repayments (12 month period)
-
Weekly50* repayments
$0
-
Fortnighly25* repayments
$0
-
Monthly11* repayments
$0
*Ensures that your repayment schedule is complete before drawing down for the following years school fees.
Assumptions
Disclaimer
Pay school fees annually in advance to obtain your school fee discount.
Tuition In Advance Loan helps you improve your cashflow while taking advantage of the discount offered by your school for full upfront fee payment. Use it to pay for all costs detailed on the school invoice including levies, uniforms, textbooks, excursions or extra-curricular activities.
Loan amount
The amount entered is below the minimum loan amount.
- Service fee (6%) $0
- Total $0
Repayments (12 month period)
-
Weekly50* repayments
$0
-
Fortnightly25* repayments
$0
-
Monthly11* repayments
$0
*Ensures that your repayment schedule is complete before drawing down for the following years school fees.
Assumptions
Disclaimer
Manage and pay online with ease
Through the Education Loans Portal you can:
- pay school invoices via BPAY®
- view your balance, the amount available to draw, repayment amount and frequency
- amend direct debit account details
- apply for a loan increase
Apply online
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 Drivers Licence, Passport or Medicare card to verify your identity.
If you need help completing the application form, please call us on 1300 345 456.
Application review
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.
Pay online
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.
