Education is expensive. From the commute to books to equipment and – of course – the dreaded fees. That’s why we’re here for you. Check out some of the great benefits to an education loan below.

Take the pressure off

Third level education can be stressful time. For new students it’s a culture shock from the structured days of Secondary School. And for returning students it’s important to hit the ground running, because the year is over before you know it. An Education Loan can help alleviate one major stress – money. Remove the stress of affording fees, laptops, books and more. Check out our Loan Calculator, which will give you an idea of our affordable repayments on Education Loans.

24 hour loan approval*

Students, we know you’re busy. On top of planning for the year ahead, you most likely have numerous commitments like part-time work, college registration and some occasional socialising. Our 24 hour loan approval* is designed to give you a fast decision. And with a 97% approval rate, chances are you’ll have your finances on track in no time.

No penalties for early repayment

It’s hard to implement structure into your college life. Especially with part-time work, it’s difficult to plot exactly how much you will earn or spend each week. With no penalty for early loan repayments, you can pay off larger sums when you get a chance. This, of course, reduces the length of time you will be paying back your loan.

Establish a strong credit history

You may not want to think about this now, but a strong credit history will stand to you in later life. There’s no time like the present to starting building this evidence. And even when your loan is paid off, consider keeping up these payments as a deposit into your Share Account. It might just get you away on holidays when the semester comes to a close.

Promotional Interest Rate

If we haven’t convinced you yet, how about this? Our Education Loan comes with a promotional interest rate of 7.99% (8.3% APR). To make sense of this, open up our Loan Calculator. Choose your loan amount and duration, and see exactly how much you will be repaying.

If you still need more information, check out our Education Loan page. Or if you have any more queries, drop us a message in Live Chat on the bottom right of your screen. We’re always happy to help.

*Lending criteria, terms and conditions apply.