Graduate Loans

Universities can have significant upfront costs for many students. Even if you have a commonwealth supported placement, you may wish to take out an unsecured personal loan to cover your education start-up costs. At Ozzie Loans, we can offer graduate loans from $5,000 to $50,000, and this can be used for anything related to your studies.

For example, if you need to move to a different city, you can use this amount as a bond on a new apartment and have enough to get your new home furnished. Graduate loans are not limited to your study or your university, but they can be used to support you by any means possible. Provided you have a regular income and a good work history, and you can apply for many of our unsecured loans. In most instances, you'll receive an answer regarding approval in a few minutes after you submit your application.

Once you're approved for the loan, the funds can be in your personal bank account within a day. Many of our loans are known as fast cash loans because of how quickly they can be approved, which is perfect if you need easy finance from a certified lender.

What is a graduate loan?

A graduate loan is designed to help out anyone wishing to return to study or studying at university the first time. As stated, these loans are ideal to pay for your tuition or anything related to your study, and this can include living expenses. Most university students will work while completing a degree, but they may not have enough cash to pay for everything they need at the start of the studying year. Some universities may offer on-campus living, but you can add extra items to make your stay more comfortable. This can include a refrigerator, microwave, laptops, and other home necessities. Setting up a home for the first time can be expensive, and applying for graduate loans can help you spread out the costs as you complete your degree. 

At Ozzie Loans, you can apply for cash loans online, and when you’re approved, the funds can be made available quickly. All of our loans are approved based on your ability to make the repayments comfortably. At most universities, it is recommended that students seek a solid work and study balance. If you are working too much, your studies can actually suffer as a consequence.

For this reason, it can often be better to apply for a loan to cover the initial study set-up costs rather than trying to work too much in your early weeks of study. You can make additional repayments or even pay out the loan early without incurring additional fees or charges.

What paperwork is needed for a graduate loan?

All the online loans and graduate loans offered by Ozzie Loans are considered low documents (commonly called low doc), which means we only need a limited amount of paperwork. The Ozzie Loans unsecured personal loans will only require your identification, such as a driver's license and proof of your work history, often bank statements are enough. All this information is enough to get your application started, and if we need any more documentation, we'll request it before finalising your loan. 

In addition to these few documents, all applicants must be over 18 years old, be Australian citizens, and have current employment. Provided you can supply all these documents, and then you can apply today. Our loan applications are all completed online, and it only takes about 15 minutes to enter your information.

Are graduate loans subsidised?

To check if your loan is subsidised against your tax, it is best to check with the Australian Tax Office (ATO). In most cases, education costs can be deducted from your tax, provided the course is directly related to your current employment. However, as the rules are regularly altered, it is best to check what the current advice is from the ATO. You can also employ a taxation agent to advise you on tax matters and if your education expenses are subsidised.

What is the maximum loan amount for graduate students?

At Ozzie Loans, we have several loans that you can apply for online. If you need cash today, then applying for our fast approval unsecured loan is your best option. With our graduate loans, you can apply for any amount from $5,000 up to $50,000, and the loan length is variable. For people who want to save on interest costs, you can opt for a shorter loan term, and anyone who'd prefer to have lower repayments can choose a longer loan term.

All our loans can give you cash now, as once they are approved, you'll have access to the funds in under 24 hours. If you're considering studying and need to weigh up your options regarding finance, you can apply at Ozzie Loans today and have an answer sooner than you may have expected.