We look beyond your credit score to understand your full financial picture.
Your career goals play a role, not just your current financial and employment status.
Whether you’re local or international, we tailor rates to suit your needs.
Students Profile
Cosigners Profile
Credit History
How you have managed borrowing and repayments in the past, including your credit score and any defaults.
Current Financial Situation
Income, expenses, liquid assets and debt are considered to determine repayment ability.
Future Earning Potential
Expected occupation and income growth based on your educational program and career plan, to inform long-term risk and repayment ability.
Interest works differently depending on your loan type and whether you’re studying or have finished your course.
For some loans, we offer a grace period of up to 2 years. During this window, students aren’t expected to make active repayments, giving you space to focus on your studies. Simple interest is charged on the original loan amount during this period to help minimise loan growth.
After you graduate and move into your active repayment phase, compound interest applies.
The table below provides example scenarios that show how factors such as student type, degree level and cosigner can influence your overall loan assessment and personalised APR.
While these scenarios give an idea of what our rates may look like, they are only examples. We also consider factors such as your intended career path, and we support a wide range of degrees and institutions in many countries beyond those listed here in these scenarios.
Please note: The interest rates shown are representative of our loan offers as at December 2025. Rates are indicative only and may change over time or following assessment of your application.
Borrowers Profile
Aussie Master’s Student Abroad
Aussie Bachelor’s Student Abroad
International Student Studying in Australia
Loan Type
ANZ Postgraduate Loan
ANZ Undergraduate Loan
International Student Loan (with Cosigner)
Loan Purpose
MSc in the UK
BSc in the US
MSc in Australia
Cosigner Requirement
Indicative APR*
14.73%
14.37%
15.92%
Grace Period
Up to 2 years (no active repayments)
Repayments begin at first loan drawdown (or first tuition payment).
Repayments begin at first loan drawdown (or first tuition payment).
Notes
Interest rate is primarily influenced by the student’s employment status, credit history, cash flow position, and chosen university and degree.
Interest rate is primarily influenced by the student’s chosen university and degree, along with the cosigner’s credit history and cash flow position
Interest rate is primarily influenced by the student’s chosen university and degree, along with the cosigner’s credit history and cash flow position.
Pay all bills and loan repayments on time. A history of reliable payments shows financial responsibility.
Ensure all financial and personal information is accurate, up to date and easy to read when you apply.
Provide proof of income, savings, or a simple budget. This helps demonstrate that you can comfortably manage the loan.
A cosigner with steady income and a good credit history can help you access a lower rate and increase your likelihood of approval.
Your rate is calculated based on your individual personal and financial details.
After we review your application, we’ll send you a loan offer with your personalised rate.
You’re never locked in – you only accept the offer if it works for you.
© Spark Finance Group Pty Ltd
Spark Finance Group Pty Ltd ACN 632 194 855 holds Australian Credit Licence (ACL) 520712 and is a member of the Australian Financial Complaints Authority (AFCA)
Disclaimer
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. You must consider whether a Spark Finance Student Loan is appropriate for your circumstances and needs. If necessary, seek your own professional advice. Credit criteria, fees, charges, terms and conditions apply. Information correct as at December 2023
