Dream course not covered by HECS-HELP?
A personal loan for education can help cover the costs of short courses, tuition, and training expenses not covered by HECS-HELP, VET Student Loans or other government HELP loans.
You get the funds to pay for what you need, then you simply pay back the loan in easy-to-manage repayments as you further your education and grow your career. And, with $0 monthly account fees plus clever features to help you pay your loan off faster, your future self will thank you!
Our education loans can be a great choice for:
Enrolling in a course not on the list? Don’t worry. This list is not exhaustive, and you can still apply or contact us via live chat if you have any questions.
Investing in your child’s future? Our education loans are available for private school fees too.
Designed to help you pay your loan off easier, our loans come with:
Many Australian undergraduate degrees are eligible for HECS-HELP loans, however post-graduate studies or specialist courses at private training providers aren’t always covered.
The Study Assist website provides information on eligible courses. We recommend checking if you’re eligible for HECS-HELP before considering an education loan.
If you’re not eligible for HECS-HELP, our education loans can help you stay on the path to your dream career.
Decided an education loan is right for you? Apply online in 15 minutes.
Pay it off your way.
From personalised interest rates to no monthly account fees, you’ll be saving smarter, not harder.
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
FAQs
It’s normal to take your time deciding which loan is right for you. If you have any questions, call us on 133 282 for a chat.
Making extra repayments (whenever you can) is just one smart way to pay off your loan faster. Our personal loans allow you to repay more than your minimum repayment amount at no extra cost. Plus, you won’t be charged extra fees if you pay your loan off early.
If you’re eligible for HECS-HELP, a VET Student Loan, or other government assistance, it’s unlikely you’ll need an education loan. An education loan covers training courses, equipment and other related expenses not covered by government assistance.
Study Assist provides up-to-date information on HECS-HELP and VET Fee Loan eligibility.
An education loan might be right for you. Many of our customers apply for an education loan to pay for upfront tuition fees.
It’s important to check that you can afford to repay the loan before you apply. Our education loans calculator can help you crunch the numbers.
A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.
When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.
Learn more with our guide to understanding our personal loan interest rates.
A comparison rate will help you identify the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.
The calculations provided are estimates only and are based upon the information entered by the user. The calculations do not include upfront or continuing credit fees and charges and do not constitute a loan application or variation to an existing facility, loan offer or loan approval.
Your contracted personal loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.
A secured loan is 'secured' against the asset you are borrowing for, such as a car. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan.
An unsecured personal loan is a loan that does not require an asset as security. Your income and ability to repay the loan is still assessed, however you don't need an asset to secure the loan.
Your credit score is a number used by lenders to assess how likely you are to repay a loan. Your score is based on the information in your credit report, including:
Learn more with our guide to Understanding our personal loan interest rates.
An ideal loan for many purposes, such as debt consolidation, home improvements, new or used cars and motorbikes of any age, boats, caravan and more.
For buying or refinancing a new or used car or motorbike up to seven years old.
For buying or refinancing an electric or hybrid car up to seven years old.
For eligible green purchases, including solar panels, battery packs, solar hot water systems and hot water heat pump systems.
Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.
Rates current as at 7 March 2024 and subject to change.
Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.
1. Comparison rate examples are accurate for a personal loan amount of $30,000 secured loan over a term of 5 years. WARNING: Comparison rates are 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.
2. Comparison rate accurate for $30,000 unsecured loan over 5 years. WARNING: Comparison rates are 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.
3. A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.
4. You will need to hold a Great Southern Bank everyday account when the loan is funded.
*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:
Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.
Your application ID is in the confirmation email we sent from loanapplication@gsb.com.au. For help, call us on 133 282.
A redraw facility lets you make additional repayments (on top of your minimum loan repayments) into your personal loan account. In the event of an emergency, these extra funds can be quickly redrawn for free.
