Flexible payment solutions for students that may otherwise be deterred by lack of government funding and upfront costs.
Overview
Advance your career without the financial red tape
Gain the qualifications you want without government funding or upfront course costs.
Available for courses valued between $2,001 and $20,000, Vocational Loans help remove any financial barriers – so you can upskill or advance your career opportunities, regardless of the availability of government funding.
As an Australian Credit Licence Holder (ACL 386010) and trusted by educational institutions nationwide, our Vocational Loans offer a safe and simple student loan process so you can focus on investing in your future.
How it Works
Four easy steps to Vocational Loans
Step 1: Apply via your education provider
Step 2: Obtain approval
Step 3: Start studying
Step 4: Get help when you need it
Benefits
Here's what you get
Affordable payment plans
Tax-deductibility
Only pay for what you borrow
Take repayment holidays
Eligibility
Are you eligible?
This pre-qualification checklist provides an indication of eligibility for Vocational Loans.
An Australian Citizen or Permanent Resident
18 years or older (or 16 years old with parent applying on your behalf)
Holds an Australian bank account
Employed full-time or part-time for at least 6 months before applying
Able to demonstrate the capacity to service the loan independently
No foreseeable change to circumstances at time of application
VOCATIONAL LOANS CALCULATOR
What might the repayments look like?
Repayments
Amount to borrow
Course Length
Loan Term
Number of Drawdowns?
Estimated monthly repayment amounts
Monthly payment due after 1st drawdown
$0.00
ZeeFi Vocational Loans comparison table
Compare your options
*Indicative comparison table. Further research should be conducted on the suitability of the ZeeFi product versus government products and schemes.
ZeeFi
VET Student Loans
Loan Amount
$2,001 to $20,000
Caps apply ($5k, $10 or $15k)
Loan Term
All Qualification Levels
No Up-front Loading
Pay-as-you-go
Holiday Periods Available
No Early Repayment Penalties
Frequently Asked Questions
Anyone who is:
- 18 years of age or older (or 16 and older if a parent/guardian applies)
- An Australian Citizen or Permanent Resident
- Earning more than $25,000 per year with a good credit history
You can apply for a Vocational Loan via your education provider.
All you need to apply for a loan:
- Medicare Card
- Passport or Driving Licence
- Employment Details
- Income and Expenses Details
- Bank Details
We aim to approve applications within an hour if all the required information is supplied. Sometimes we need to take a closer look at your circumstances so we might ask for extra information to ensure we follow responsible lending conduct obligations. As a result, some applications may take longer to review as we wait for you to provide the extra information required.
Unlike a typical personal loan, which you borrow all at once, ZeeFi’s Vocational Loan allows you to borrow up to a limit. More importantly, you can use what you need when you need it, which means lower repayments and lower interest, and you can choose to pay your loan back faster without being penalised.
No, we pay your education provider directly.
Yes, you must have an income. It can be part time, full time, casual or self-employed.
Let’s explain by using an example: If you are approved for a loan of $4,000, it means you are able to borrow up to that amount to pay for your course.
We release the funds in stages to your education provider, so you don’t pay for your course all at once – these stages are ‘drawdowns’.
Therefore, your repayments will start low and only increase as each drawdown is released – we’ll take care of this for you.
Yes, you can pay the loan off any time and there are no early repayment fees.
A credit score is a number (between 0 and 1,200) generated by a credit bureau. Your score reflects your borrowing history and if you pay bills on time. This helps lenders determine how likely you are to repay loans.
Refer to our Credit Scores 101 guide to understand your credit score and how to improve it.
Loans can be repaid weekly, fortnightly or monthly via direct debit from your nominated bank account. To help you stay organised, we’ll also send you a reminder the day before repayments are due to come out of your account.
Yes, we allow parents/guardians of children 16 years and older to take a loan out in their name, instead of their child’s name.