Personal loans

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Private Student Loans

Trusted by thousands of Australians

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Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

6.25 %

Comparison rate3

7.64 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.

Personal Student Loans up to 50,000

If you’re heading back to the books to retrain or expand your current training, then you’re probably looking at high education costs in the new future. There is a range of ways that you can choose to manage your tuition fees, and personal student loans are a great way to borrow the money you need fast.

Often education providers offer big discounts to students who can pay for their full tuition upfront when they enrol. This is because education providers need to know in advance what their student numbers are going to look like and students who choose to pay per term or semester are not always guaranteed to see out the entire course. Paying for your total tuition in one lump sum means that your education provider can accurately project their course costs and you receive peace of mind knowing that everything is already paid for. You can concentrate on learning and making that next big step in your personal or professional life.

We’re here to help with a range of credit options designed to be quick and easy to apply for, all entirely online. We offer short term loans and long term loans at super low rates starting at just 6.25% p.a. (comparison rate 7.64% p.a.). You complete your application online and there are no unnecessary phone calls. Unlike other providers, we won’t ask you for payslips and your employer's reference details. Instead, we use a faster and easier way to verify your application data. When you apply for any financial product from MoneyMe, you will be asked to provide your online banking details. Don’t worry, this is just read-only access that we use to double-check that your incoming money and outgoing expenses in your account are what you said they were in your application. Providing these details at the time of your application means we can turn around loan applications faster than ever and possibly have your new personal student loan funds in your bank account the same day you applied for your loan. We really mean it when we say we offer same day loans.

How do personal student loans work?

Personal student loans from MoneyMe are quick and easy to apply for. Using our low doc and completely online application process, applicants need just 5 minutes to fill everything out and submit it. Approvals are usually quick with an answer returned to you within an hour. If you’re happy with your loan offer, then we send you the new loan contract online, too. Simply digitally sign it and submit it and you’re good to go. We transfer your new funds to your nominated bank account immediately which means that some applicants have applied online, signed their loan contract online, and received their new loan funds within 24 hours. That is what fast loans from MoneyMe means.

This type of financing works just like any other unsecured personal loan. The borrower – that’s you – applies for the amount of money they need to cover their tuition costs, the cost of purchasing any study equipment, etc, and once approved and your loan contract has been returned to us, we release the new funds you have asked for directly into your account. You receive a lump sum payment from us and pay it back monthly with manageable and comfortable variable repayments that are directly debited from your account, so you don’t have to worry about paying on time. 

We are a completely online lender, so our loans online are designed to be fast and easy to apply for. We also offer other types of easy finance like the Freestyle virtual Mastercard® for credit balances up to $20,000. Freestyle works like any other online credit card, but better. You can use it to pay for anything both in-store and online. Unlike the traditional credit card, this one doesn’t live in your wallet. Instead, it lives on your smartphone and can be used anywhere that Tap n Pay payment options are available. But it gets even better. What if you need quick cash loans from your Freestyle account? Easy done. Freestyle also allows you to transfer cash directly in your own or anyone else’s bank account.

Unlike our quick personal loans, your Freestyle account doesn’t come with variable repayments. You manage how you pay back your credit funds your way. Account-holders receive 55 days interest free on purchases made using Freestyle so if you repay your credit funds within that period you essentially have an interest free credit card.

How much can you get in personal student loans?

Instant loans from MoneyMe are available from $2100 to $50000 and if you’re doing well and would like to pay out your remaining loan balance before the term of your loan is up then we don’t charge you any early termination fees.

How to refinance personal student loans?

A person may wish to refinance a personal loan for lots of reasons. Often refinancing becomes attractive when you have paid off most of your loan amount and you are seeking new credit for another venture like buying a new car, financing an upcoming holiday, or even moving to a new house. If you’re interested in refinancing, then simply apply for a variable rate personal loan online today for the total amount that you need. This will be the funds required to pay out your existing personal loan plus any new funds that you require for whatever life event is coming up. Once approved, funds are transferred to you and you can then pay out your existing loan, closing out the old balance. Your new low doc personal loan from MoneyMe becomes your primary loan and you repay that with equal instalments over your new loan term.

Another reason a person may wish to refinance their existing personal student loans may be because they are seeking a better interest rate. We offer our customers competitive rates across all of our credit products. If you currently have a loan at a higher interest rate, then you can apply for our easy money products and undertake a personal loan comparison in Australia. Simply apply for the total amount of your current loan (and ensure that you double-check what your total payout figure will be, including early termination fees your current provider may have charged) with MoneyMe. Once approved you can pay out your existing loan and enjoy lower rates and fees from us instead.

Not sure whether it’s worth it to refinance an existing personal student loan? We’re here to help. You can chat with us directly online via our website or call us on 1300 783 046. Our customer service team is available Monday to Friday from 8 am to 9 pm and Saturday to Sunday from 9 am to 9 pm (AEST). 

Ready to apply for your new personal student loan? That’s great! Simply log on to our website and start your application now.

Our customers

Private Student Loans

Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.

After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

6.25 %
to 19.95 %

Comparison rate*

7.64 %
to 21.32 %

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees


*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. A $495 establishment fee and $10 monthly fee applies.

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