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 Refinance with Spark Finance?
Lower your interest rate
Secure a more competitive rate that could save you money over the life of your loan.
Flexible Repayment Plans
Choose a repayment term that fits your budget and lifestyle, with options ranging from 3 to 10 years.
No Early Repayment Penalties
Pay off your loan early to save on interest – no fees or penalties, no questions asked.
Simple, Fast Process
Our streamlined, online application process makes refinancing your loan straightforward and hassle-free.
94% of customers that apply to refinance with us receive a lower rate and switch to Spark.
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 Credit History
We look at your past credit behaviour, including your credit score, payment history, and any defaults. This helps us assess your likelihood of repaying the loan on time.
TWO
Your Current Financial Situation
We consider your current income, living expenses, liquid assets and existing debt. This helps us assess your ability to manage and repay the loan.
Who Is Eligible?
To be eligible for Spark Finance’s refinancing product, you must:
- Have an existing student loan for undergraduate or postgraduate study.
- Be an Australian or New Zealand citizen, or an international student in Australia.
- Maintain a good credit history.
Refinance your student loan in 4 easy steps
Submit an Application
Create an account and complete our online loan application form. You’ll need to provide details about your previous study, existing loan and current financial circumstances, which will help us assess your application.
Upload Your Documents
Once we’ve reviewed your application, we’ll provide a conditional offer. 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 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, along with proof of funds, which you can use to finalise your university enrollment and/or apply for a visa.
Manage Repayments
Manageable monthly repayments will be handled easily online so you can focus on your career and enjoying life-after-study.
