Australia has long been a top choice for international students, celebrated for its world-class universities and unparalleled lifestyle. However, financing studies can be a significant barrier—until now. At Spark Finance, our mission is to provide talented students with affordable, flexible funding to help them pursue their educational goals. If you’re an international student seeking financial support to study at an Australian university and have an Australian citizen or permanent resident who can cosign your loan, this product is for you.
Why choose Spark Finance?
International Opportunity
Loan Management Support
Competitive Pricing
Flexible Repayment Terms
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.
Your co-signer’s 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.
Your co-signer’s 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.
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.
Am I eligible?
- 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 university
- Have a co-signer that is an Australian citizen or permanent resident with minimum 3 years’ credit history (in good standing)