Studying overseas can be a life-changing experience, both professionally and personally. Our customers have attended some of the world’s most prestigious universities, including Oxford, Cambridge, Columbia and INSEAD, and all highly recommend the international study experience. If you’re an Australian or New Zealand professional considering a postgraduate degree abroad but need financial support, Spark Finance can help with tailored student tuition loans.
Why choose Spark Finance?
Personalised Interest Rates
Tailored rates* for each borrower, with fixed and variable options available.
Flexible Repayment Terms
Choose a manageable repayment plan, between 3 – 10 years.
Grace Period While Studying
Focus on your studies by deferring payments for up to 6 months after graduation.
No Early Repayment Penalties
Pay off your loan early to save on interest – no fees or penalties, no questions asked.
We offer personalised interest rates for as low as 9.43% APR*.
At Spark Finance, we believe in offering fair and personalised interest rates tailored to each borrower.
Our unique approach goes beyond the usual factors that most lenders consider, taking into account not just your credit history and current financial situation, but also your future earning potential. Below is how it works.
ONE
Your credit history
We look at your past credit behaviour, including your credit score, payment history, and any defaults. This helps us assess your likelihood of repaying the loan on time.
TWO
Your current financial situation
We consider your current income, living expenses, liquid assets and existing debt. This helps us understand your ability to manage and repay the loan.
THREE
Your future earning potential
We also consider your educational goals, future occupation and anticipated income growth. This gives us a more complete picture of your long-term financial outlook and helps us offer a rate that reflects your potential.
Am I eligible?
To qualify for a Spark Finance student loan, you must:
- Be an Australian or New Zealand citizen with a minimum of three years Australian credit history
- Have completed an undergraduate degree
- Have been accepted into postgraduate coursework at one of our approved universities and programs
- Have a good credit history
Get a student loan in 5 easy steps
Get Started
Go to 'Apply Now' to create an account. We’ll provide you with all the information you need to apply for a loan, ensuring you're ready to move quickly once your study plans are confirmed.
Submit an Application
Once you’ve been accepted into your chosen degree, complete our online loan application form. Here, you’ll need to provide details about your study plans and financial circumstances, which will help us assess your application.
Upload Your Documents
Once we’ve reviewed your application, we’ll provide a conditional offer along with a request for additional documentation. This is essentially a quote that lets you know we’re ready to proceed with your loan approval, contingent upon receiving supporting documents to verify the information provided.
Sign on the Dotted Line
Congratulations! Your documents have been verified, and your loan is approved. We’ll send you a contract outlining the terms and conditions of your loan, along with proof of funds, which you can use to finalise your university enrolment and/or apply for a visa.
Focus on Your Studies
With Spark Finance, you can study now and pay later. We’ll disburse funds directly to your university as tuition fees are due, eliminating the hassle of international transfers. Repayments don’t start until six months after classes end, so you can focus on earning your degree, enjoying life overseas, and landing that dream job.
