We’ve been thrilled by the overwhelming interest in 2025. As a result, application processing for the remainder of 2025 and 2026 will recommence in August. Thank you for your continued support.
Update: Application Processing Timelines
Why choose Spark Finance?
International Opportunity
Access credit to study any degree at one of Australia or New Zealand’s leading universities.
Loan Management Support
Apply with a cosigner, who will handle repayments until student enters workforce (after which cosigner release option is available).
Competitive Pricing
Tailored rates* for each application (student plus cosigner), with fixed and variable options available.
Flexible Repayment Terms
Choose a repayment term that fits your budget and lifestyle, with options ranging from 3 to 8 years.
We offer personalised interest rates for as low as 12.59% 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 cosigner’s credit history
We review your cosigner’s credit history, including their credit score, payment record, and any defaults. This helps us assess their likelihood of repaying the loan on time.
TWO
Your cosigner’s current financial situation
We consider your cosigner’s current income, living expenses, liquid assets, and existing debt. This helps us assess their ability to manage and repay the loan.
THREE
Your future earning potential
We also consider your future occupation and anticipated income growth. This gives us a fuller picture of your long-term financial outlook, helping us offer a rate that reflects your potential.
What is a cosigner and what are their obligations?
A cosigner is essentially a joint applicant – often a parent, family member, or friend – who signs the loan alongside the student. Like the primary borrower, the cosigner’s financial circumstances and credit history are assessed as part of the application.
By cosigning, they agree to help repay the loan alongside the student.
Am I eligible?
To qualify for a Spark Finance international student loan, you must:
- Be a citizen with a valid passport from one of countries Spark Finance supports (see list of countries we are an approved lender for here).
- Have been accepted into undergraduate or postgraduate coursework at an Australian or NZ university.
- Have a cosigner that is an Australian or NZ citizen or permanent resident with minimum 3 years’ credit history (in good standing).
- Have an IELTS (or equivalent test) score of 6.5 or higher.
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. This will be a two step process: you’ll complete an application form outlining your study plans and previous education, and your cosigner will need to provide details around their financial circumstances.
Upload Your Documents
Once we’ve reviewed your application, we’ll provide provisional approval along with a request for additional documentation. This essentially lets you know we’re ready to move ahead with a loan agreement, contingent upon receiving supporting documents to verify the information you both provided in your application.
Sign on the Dotted Line
Congratulations! Your documents have been verified, and your loan is approved. We’ll send you and your cosigner 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. Your cosigner will handle repayments until you enter the workforce, after which you’ll be able to share repayments.
