Australia & New Zealand have long been top choices for international students, celebrated for their world-class universities and unparalleled lifestyles. However, financing studies has been 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 or NZ university, and do not have a cosigner, this product is for you.
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
This product is for international students without a cosigner.
However, if you include a cosigner in your application, you will be eligible to receive a lower interest rate on your loan.
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. This product does allow you to not have a cosigner. However, if you do have an eligible cosigner, your interest rate will be lower.
Am I eligible?
To qualify for a Spark Finance international student loan, you must:
- Be a citizen with a valid passport from one of the countries Spark Finance supports (see the 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 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.
