Studying overseas is a life-changing experience that many dream of, but it can often feel out of reach. The allure of earning a degree from a world-leading university is undeniable, yet the financial investment — especially for those just starting their careers — can be daunting. To bridge this gap, Spark Finance offers a solution tailored for Australian and New Zealand students. By applying for a loan with a co-signer, you can access the credit needed to pursue your undergraduate degree abroad.
Why choose Spark Finance?
International Opportunity
Access credit to study any degree at one of the world’s leading universities.
Loan Management Support
Apply with a co-signer, who will handle repayments until student enters workforce (after which co-signer release option is available).
Competitive Pricing
Tailored rates* for each application (student plus co-signer), 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 10 years.
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 Co-signers Credit History
We review your co-signer’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 Co-signers Current Financial Situation
We consider your co-signer’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 and helps us offer a rate that reflects your potential.
Am I eligible?
To qualify for a Spark Finance undergraduate loan, you must:
- Be an Australian or New Zealand citizen
- Have been accepted into undergraduate coursework at an international university
- Have a co-signer that is an Australian citizen or permanent resident with minimum 3 years’ credit history (in good standing)
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 co-signer will need to provide details around their financial circumstances.
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 you both 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 enrollment 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 co-signer will handle repayments until you enter the workforce, after which you’ll have the option to release your co-signer from their obligations and manage repayments personally (contingent on you being reassessed and approved as the primary loan holder).
