Personal Student Loans

Perhaps you want to take advantage of the discount some education providers offer for paying tuition fees upfront as a lump sum. It might be that you really need a new laptop, or art supplies or textbooks. Perhaps there is just a bit of a gap between today and payday, so you need some help with bills or rent assistance in the form of easy cash loans online. Let’s face it, and you want to be able to focus on your education. Personal student loans can help you out with easy finance so that you can do just that.

How do personal student loans work?

Personal student loans are usually unsecured loans which means that you don’t have to offer an asset to secure your loan. First, to be eligible to apply for any sort of loan with Ozzie Loans, including personal student loans, you need to meet our minimum requirements. These are that you have to be over 18 and be a resident of Australia. Once those eligibility criteria are met, with Ozzie Loans, you can apply for personal student loans quickly and easily online – via your phone or other devices.

Our low documentation online application only takes around five minutes. Once you have applied for the loan, subject to approval, the money can be in your account on the same day. Repayments for your loan are taken from your bank account via direct debit, which is super easy, but you do need to make sure there is enough money in your account each month to cover it. However, as it’s all done automatically, that is one less thing for you to worry about.

Can I get a student loan without a job?

Before you apply for any type of loan, including personal student loans, you need to work out if you can afford to repay that loan based on your income and also on the term of the loan. An online personal loan calculator will help to give you an idea of what the monthly repayments will be based on the amount you wish to borrow. Also, you need to keep in mind that the money lender may have other fees and charges such as an establishment fee which you will also need to pay. In addition, when you apply for a loan, the money lender will want to take a look at your financial situation, including checking out your bank account and your credit report. They will want to know about your incoming funds and your credit history so that they can work out if you will be able to pay back the loan. A responsible lender will calculate what kind of risk they believe you to be and will lend – or not lend – you money based on your financial details. Personal student loans can be tailored to suit various applicants, but the higher the risk, the higher the interest rates may be as well.

How to refinance personal student loans?

Our personal loan interest rates and fees are very competitive, so you may be looking to refinance existing personal student loans or any other type of personal loans you may have. Before you choose to refinance, it’s a really good idea to get information on how much the total cost of your loan payout will be. This should include what your other loan provider may charge you to exit the loan and how much it will cost in total to borrow the amount you need to refinance your loan as well. Once you have got this sorted out, you can then use our simple online application system to apply for the funds you need. Once approved, you can receive the cash to refinance your loan quickly and easily. Then sit back and enjoy our low rates, fees and charges.

Ozzie Loans offer a variety of online loans with competitive rates and no hidden fees and charges. We are available to talk with you about your finances if you have any questions, so get in touch and get them sorted. Then you can get on with the important stuff - your education and your future.