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Loan Amount
$
Loan Amount
$1,000
$200,000
$20,000
Tenure
Tenure
3
72
Month

Your monthly payment

$ 533

Selected Partners
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance

Over 200,000 happy customers

Hear what Australians are saying about Lendela.

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amie tobin
1 week ago
Awesome… saved my life ❤️
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Stephanie Sheldrick
3 weeks ago
First time going through Lendela. The staff member (Dee) was extremely helpful getting me through the process,...
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Aleni Te'o
1 month ago
Awesome company, very easy and simple. I recommend Lendela to anyone. Very helpful, thank you.
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Sandra Taylor
1 month ago
Lendela have the customer service I have experienced in the lending platform, even though I didn't get the outcome ...
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David Ailao tui
1 month ago
This is the best lender I ever experienced I done my application on 1 day and the next day I got approved soo...
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Christopher McGrigor
1 month ago
My experience dealing with Lendela has been nothing but positive. In particular your staff member Dee, whom has...
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Iftiyaz Khan
2 months ago
Very good 👍
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Arlete Ferreira
2 months ago
The best , thank you so much for all your help ❤️
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Brett Davis
2 months ago
Dee did a excellent job in assisting me with my loan, And I would highly recommend her for any further assistance
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Paul gibbons
2 months ago
It's only early but all good
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lynda mckune
2 months ago
Awesome can not fault
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RUSSELL ASENO
2 months ago
Very reliable and friendly. Looking out for the best outcomes for their clients

ONE APPLICATION – MULTIPLE PERSONALISED LOAN OFFERS

Three steps to get your perfect personal loan in Australia:

Apply fast & easy

1. Apply in a few minutes

Compare your offers

2. Compare multiple personal loan offers

Select loan and get your money

3. Select the best option and get your money

LENDELA'S PROMISE

Our goal is to make the loan application process in Australia faster, simpler, and more transparent. We assist you from application to disbursement as Australia's only true personal loan comparison service. Click here to learn more about Lendela and how we help thousands of Australians seeking loans every month.

Featured In

The Ultimate Guide to Student Loans in Australia: Navigating Financial Aid for Your Education

Pursuing higher education is an exciting journey, but it often comes with financial challenges. Student loans are a valuable resource that can help make your educational dreams a reality. However, understanding the ins and outs of student loans in Australia can be overwhelming. This engaging and enlightening content guide aims to provide you with essential information about student loans, address frequently asked questions, and offer smart tips to navigate the world of educational financing.

What to Know About Student Loans


What Are Student Loans?

Student loans are designed to assist students in funding their education. They provide financial aid to cover tuition fees, living expenses, textbooks, and other educational costs.


Types of Student Loans

There are two main types of student loans in Australia: government-funded loans (HECS-HELP, FEE-HELP, and OS-HELP) and private student loans. Government-funded loans have different eligibility criteria, interest rates, repayment terms, and borrowing limits compared to private student loans.

Am I Eligible for a Student Loan?


Eligibility for student loans in Australia primarily depends on your citizenship status and the type of course you're undertaking. Australian citizens, permanent residents, and New Zealand citizens are generally eligible for government-funded loans like HECS-HELP or FEE-HELP. However, there are specific requirements, so it's essential to check your eligibility with the relevant government agency.

How Does the Application Process Work?


Applying for a student loan in Australia involves a straightforward process. Once you've enrolled in an eligible course, you'll need to submit a Request for Commonwealth Support and HECS-HELP form (for undergraduate courses) or a similar form for postgraduate courses. These forms are typically available through your educational institution, and they must be completed by the census date.

Frequently Asked Questions


What Are the Repayment Options?

Repaying your student loan in Australia is income-based and occurs through the tax system. Repayment thresholds and rates are subject to change, so it's vital to stay informed. There are different loan schemes like HECS-HELP, FEE-HELP, and SA-HELP, each with specific repayment conditions. Understanding these options and your obligations is crucial to managing your student loan effectively.


How Do Interest Rates Affect Student Loans?

Interest rates on Australian student loans are linked to the Consumer Price Index (CPI). The loan debt doesn't incur real interest, but it may be indexed annually to reflect changes in the CPI. It's essential to be aware of these indexation changes, as they can impact the overall cost of your loan over time.

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Smart Tips for Managing Student Loans


  • Create a Realistic Budget

Australia is known for its high cost of living, and managing your finances while studying can be challenging. Start by creating a realistic budget that covers your tuition fees, accommodation, food, transportation, and other essentials. A well-planned budget can help you avoid financial stress and ensure you have enough to cover your loan repayments.


  • Explore Scholarships and Grants

Australia offers a wide range of scholarships and grants to help students offset the cost of education. Research and apply for these opportunities based on your academic achievements, field of study, and personal circumstances. Reducing your reliance on loans by securing scholarships or grants can significantly ease your financial burden.


  • Seek Financial Advice and Support

Don't hesitate to seek financial advice and support when managing your student loans. Educational institutions often have financial aid offices that can provide guidance on loan repayment strategies and budgeting.

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Need Help Finding the Best Student Loans?


Student loans can make higher education more accessible. Remember to explore all available options, budget wisely, and seek support when needed. With careful planning and financial management, you can pursue your education with confidence and build a solid foundation for your future. Let Lendela help you find the best student loans in Australia for free.

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