Fund your education, build your future
Invest in education with flexible loans that can help cover your child’s schooling or your postgraduate studies, supporting your academic goals and future success.
Interest rate from
6.57
%
p.a.*
Comparison rate
7.51
%
p.a.*
Low-interest education loans to support your next big leap
Move forward toward your dream career toward your dream career with a Handy Finance Education Loan that can help you cover tuition, textbooks and other expenses over the duration of your course.
Loan Amounts
$2,001 - $75,000
No Monthly Fees
$0
No Early Repayment Fees
$0
Flexible Loan Terms
1 - 7 years
3 quick and easy steps to securing your loan
Step 1
Get a free quote
Obtain an indicative quote in minutes, without impacting your credit score!
Step 2
Apply in Minutes
If you're happy with your quote, you can finalise the application online in minutes.
Step 3
Get Your Funds
You can get an indicative decision in minutes. Once approved, funds can be settled within 24 hours.
A quote won't impact your credit score
Education loans calculator
Estimate what your repayments could look like so you can start your borrowing journey with complete transparency.
I'd like to borrow
$30,000
Over a period of
4 years
With repayments every
Estimated weekly repayments from
$
including interest and fees
Loan amount --
Total estimated interest and fees --
Principal plus interest and fees --
A quote won’t impact your credit score
Interest rate from
6.57 % p.a*
Comparison rate
7.51 % p.a*
Interest rate from
6.57
%
p.a.*
Comparison rate
7.51
%
p.a.*
The interest rate and repayment amount are estimates only, based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Education loans to kickstart your future
Choose your own path with education loans from Handy Finance. From private schooling to your PhD, learn your way.
A quote won’t impact your credit score
Taking the stress out of finance
Read what our happy customers are saying about us
Customer service AMAZING
One of the best financial organisations in Australia!
Quick and Easy
Understanding education loans at Handy Finance
Invest in your future with our flexible education loans. Our straightforward financing options can help cover tuition, textbooks, and other course-related expenses, making it easier to focus on achieving your academic goals.
Frequently asked questions
Need help with something? Here are our most frequently asked questions.
How do you apply for an education loan?
Applying for an education loan with Handy Finance is simple!
When you submit your application online via the Handy Finance website, you’ll include any relevant documents, such as bank statements and proof of identity. You can receive an indicative result within minutes, giving you an idea of the repayment terms for your loan. Once approved, your funds can be settled within 24 hours
How much do I need to earn to apply for a Handy Finance Education Loan?
There is a minimum income requirement to be eligible for a Handy Finance education loan. You must earn at least $25,000 after tax, which can include a combination of regular income and relevant Centrelink benefits.
You also need to be employed (or self-employed) at the time of application and able to provide bank statements to verify your income.
How much money can I borrow?
As long as you meet the eligibility criteria for an education loan – over 18 years of age, currently employed, and an Australian citizen or permanent resident – you can apply for a loan between $2,001 and $75,000. We’ll review your income, credit history, and existing debt before providing a loan offer. Our goal is to ensure your loan offer aligns comfortably with your budget.
What is the difference between a secured and unsecured education loan?
At Handy Finance, we offer both secured and unsecured education loans. Secured education loans require collateral, such as a car, as a guarantee for the lender. This means your loan may have a lower interest rate and therefore could better suit your needs. Unsecured education loans don’t require collateral, which may lead to slightly higher interest rates and lower borrowing limits compared with a secured loan.
Can I change the frequency of my repayments?
You can. We understand that financial circumstances can change, so we allow you to adjust the frequency of your weekly, fortnightly and monthly repayments as needed. If you’d like to change the frequency, speak to a Handy Finance loan expert. They can make the required adjustments so you can repay at a pace that aligns with your income.
Handy Finance also has a $0 early repayment fee – so if your circumstances change and you can pay off your loan sooner, you won’t be penalised.
How do repayments work?
Repayments on Handy Finance loans can be made weekly, fortnightly or monthly. You must use direct debit for all scheduled repayments. To make repayments ahead of schedule, log into your borrower dashboard using BPAY.
If you are experiencing financial hardship and have difficulty meeting your repayments, please contact the Handy Finance team on 1300 990 115 or [email protected].
What will my repayments be, and how long will they last?
Repayments for a Handy Finance education loan depend on the loan amount, interest rate, and repayment term. To get an estimate of what your repayments could look like, you can use the Handy Finance Personal Loan calculator.
Simply enter your loan amount, term, repayment frequency, and credit rating. The calculator will provide an estimated repayment amount, interest rate, and comparison rate. Adjusting these inputs gives you an estimated result of your overall repayments and loan terms.
Once your education loan is fully approved, your repayments won’t change. Handy Finance offers fixed-rate education loans, meaning your repayments stay the same throughout the term, regardless of market fluctuations. You can choose to repay weekly, fortnightly, or monthly over a term of one to seven years. And if you want to pay off your loan early, there are no extra fees to worry about.
When will I receive my outcome?
At Handy Finance, the loan application and approval process is fast and efficient. When you apply online, you can receive an indicative decision within minutes. Once your education loan application is approved, your funds can be settled within 24 hours.
What does a fixed-rate loan mean?
A fixed-rate loan means that your interest rate will remain the same throughout your loan term. Fixed-rate loans are completely transparent from day one – because the rate doesn’t change, you know exactly how much you will be repaying and how often for the entirety of your loan. Handy Finance only offers fixed-rate education loans.
What will my interest rate look like?
Handy Finance offers interest rates based several factors including personal credit history and financial situation. You can find your personalised indicative rate in just a few minutes with our free quote. Please note that this rate is just an estimate, and it won’t affect your credit score.
How do you offer lower rates than traditional lenders?
Traditional bank lenders tend to have higher operating costs, which can result in higher rates. Handy Finance aims to keep rates low by keeping operating costs down to make finances less daunting and allow people to live life to the fullest.
What are the other benefits of getting an education loan from Handy Finance?
Fast and fair finance is a key benefit of applying for an education loan with Handy Finance. You can borrow and repay an amount that fits comfortably with your income. Other benefits include a 100% online application process, fixed interest rates, flexible repayment options with weekly, fortnightly, or monthly schedules, $0 early repayment fees, no monthly account-keeping fees, and access to your funds within 24 hours of approval.
Are there any additional fees or hidden charges?
What you see in your personalised quote is what you get with a Handy Finance Education Loan. Your quote includes the establishment fee, and there are no account-keeping, exit, or early repayment fees. As long as you make your repayments on time, there won’t be any hidden costs – so you’ll know exactly what you need to pay and when.
Invest in your future – get your education loan quote
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