Get a low rate personal loan today

Graduate Loan up to $50,000

If you’re heading back to the books or embarking on some further education for the first time, then you’re likely looking at some steep upcoming education costs. Tuition costs can regularly head into the tens of thousands of dollars in Australia, so often students will go looking for a graduate loan to help them cover the costs of their new education venture. The good news is that fixed-rate personal loans like a graduate loan from MoneyMe are quick and easy to get approved for. We have a wholly online application process that takes customers just 5 minutes to complete.

What is a graduate loan?

A graduate loan is an education loan made for helping new and returning students pay for their tuition costs. You can get a graduate loan to help you pay for university or other further education providers. Often an education provider will extend discounts to students who are able to pay for their full tuition up front rather than in instalments. This helps the provider to accurately forecast for the course numbers so it’s in their interest to offer discounts or savings when students can pay for everything at once. A graduate loan is a great way of doing that. You apply for the funds that you need and, once approved, those funds are transferred directly into your bank account. It’s quick and easy finance.

MoneyMe offers a range of fixed rate personal loans, including graduate loans. Our easy loans are fast and require very little in the way of paperwork. In fact, we have developed a low doc personal loan application that takes customers just 5 minutes to complete and submit. When you apply for any of our credit products online and during business hours you can usually get your approval within the same hour. If your loan offer is what you’re looking for and you have digitally signed your loan contract, then your new funds are transferred immediately. This often means that the funds are made available in your bank account the same day as you applied for them. When we say same day loans we actually mean it.

What paperwork is needed for a graduate loan?

If a graduate loan is what you’re looking for then you’ll need just a couple of forms of identification to complete your online application with us. We will ask you some basic finance questions like what your current salary is, what living expenses you have and whether you have any other debt. It’s important to be as honest as possible when completing your application. Don’t worry if your credit history isn’t quite as good as it could have been. We understand and we know that a credit file isn’t a person’s complete financial picture. 

Personal loan eligibility criteria from MoneyMe ask that you are at least 18 years of age, currently employed and that and a permanent resident in Australia. If you meet these criteria, then you are 5 minutes away from submitting your new application online.

Are graduate loans subsidised?

The Australian Tax Office clearly states what can be claimed when it comes time to put in your tax return and there is availability to claim education costs that directly relate to your current employment. Check out the ATO website for further details about what can and can’t be claimed.

It’s also a good idea to do a quick personal loans comparison Australia before you settle on a credit provider. Ensure that you double check things like fees and charges as well as the advertised interest rate as money lenders often add on hidden costs. With MoneyMe, there are no hidden costs and there are no early termination fees if you want to pay out your loan balance ahead of schedule.

What is the maximum loan amount for graduate students?

MoneyMe offers customers a range of express loans from $2,100 to $50,000 so that means you’re covered for small loans for short courses as well as long term loans for bigger graduate degrees like a Masters or your PhD. 

We also offer customers a revolving line of credit with our Freestyle virtual Mastercard®. This works just like a credit card but it’s so much better. with the added benefit that it doesn’t take up space in your wallet. Instead, it lives on your smartphone. Use it in-store wherever Tap n Pay is accepted or for online shopping. Customers using their Freestyle account enjoy 55 days interest-free on purchases made so that means when you repay your credit balance within those 55 days, you’re essentially using an interest free credit card. You can get an online credit card from MoneyMe in the same amount of time it takes to fill out an application for our instant loans

The great thing about the Freestyle account is that once your credit funds are repaid, they automatically become available for use again. So, if you’re tossing up a personal loan vs credit card option, remember that there is no personal loan redraw facility. Even after you have repaid part of your loan amount you are not able to redraw those funds whereas with the Freestyle account you can.

Ready to apply for a graduate loan? Get started now and submit your application in just 5 minutes.

What our customers say
Graduate Loans


Out of 2,701 reviews

Ready to get started?