Compare Education Loans in Australia with Get Approved Loans
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Education can be one of life’s most valuable investments—but it often comes with a price tag. Whether you’re studying locally or abroad, upgrading your skills, or pursuing a new career path, an education loan can help you manage tuition fees, course materials, and living expenses. At Get Approved Loans, we compare education loan options from over 60 trusted Australian lenders to help you find the best loan for your circumstances.
What is an Education Loan?
An education loan, also referred to as a study loan or student loan, is designed to help cover the cost of tuition, textbooks, equipment, and sometimes even accommodation during your studies. These loans are available to students, parents, or guardians and are tailored to suit full-time, part-time, undergraduate, postgraduate, or vocational courses.
Types of Education Loans
Unsecured Education Loans
These are personal loans that don’t require any collateral. Approval is generally based on your credit history and ability to repay. They’re ideal for students with part-time jobs or family backing.
Secured Education Loans
These loans require an asset—such as property—as security. They usually come with lower interest rates compared to unsecured options but carry higher risk if repayments aren’t met.
Government-Supported Study Loans (e.g. HECS-HELP)
If you’re eligible for tertiary education at an approved Australian institution, you might qualify for HECS-HELP or FEE-HELP. These schemes let you defer payment until your income reaches a certain threshold.
Student Finance Application Process
Applying for a student loan should be quick and easy. Follow these 3 easy steps to apply online so you can access fast cash to purchase sooner.
Step 1
Input
Enter your details into our AI-powered options tool, and it will instantly calculate and present the best available options for you!
The more information you provide, the more precise your loan options will be.
Step 2
Compare
Let our AI options tool handle the work instantly—no waiting required!
With access to over 75 lenders, our AI options tool will personalise and present the best results tailored to your priorities.
Step 3
Choose
Now comes the easy part! Choose from the list of lenders, and if you need more clarity, the platform can provide detailed insights to help you find exactly what you’re looking for.
For a more personal touch, our Customer Service Consultants are always available to chat.
What Can You Use an Education Loan For?
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University or TAFE tuition fees
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Textbooks and course materials
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Laptops and tech equipment
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Study-related travel expenses
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Accommodation or living costs during your study period
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Overseas education and exchange programs
Compare NAB, ANZ, Commonwealth, and Westpac Education Loan Options
When choosing the right education loan, it’s important to look at more than just the interest rate. We compare study finance products from Australia’s big four banks—Commonwealth Bank, Westpac, ANZ, and NAB—alongside 60+ specialist and smaller lenders.
Key Loan Features to Consider
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Fixed vs Variable Interest Rates: Choose between consistent repayments with fixed rates or potential savings with flexible variable rates.
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Loan Terms: Most education loans offer terms from 1 to 7 years.
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Repayment Options: Weekly, fortnightly or monthly options, often with early repayment flexibility.
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Pre-approval: Get a clearer picture of your borrowing power with pre-approved study loans.
Why Compare with Get Approved Loans?
We make education finance easier. Our AI-powered loan comparison tool matches you with suitable education loan products based on your personal circumstances, goals, and budget. With access to 60+ lenders Australia-wide, we help you compare rates, fees, and features in one place—so you can focus on your studies, not your finances.
Why Choose Get Approved Loans Australia for Student Loans?
Access to Over 60 Lenders Across Australia
AI-Powered Comparison for Fast, Accurate Results
Options for All Credit Types, Including Bad Credit
Instant Loan Approval and Same Day Loans Available
Flexible Loan Amounts and Terms
Transparent and Stress-Free Application Process
Frequently Asked Questions About Education Finance
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Can I get an education loan with no income?
Some lenders may accept a guarantor or co-signer if you’re a full-time student without income.
What credit score is needed for an education loan?
A good credit score helps, but we compare lenders who work with fair and even low credit applicants.
Can I use a personal loan for studying overseas?
Yes. Unsecured personal loans are often used for international courses, flights, and accommodation.
Are early repayments allowed?
Many lenders allow early repayments without penalty—always check the terms before applying.
