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Study Now Pay Later

The ‘buy now pay later’ finance solution designed specifically for the education sector so you can grow your offering and grow enrolments.

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Overview

Unlocking business growth for education providers

Study Now Pay Later removes the financial barriers that stand in the way of enrolling students who want to study with you.

Available for courses valued between $500 to $20,000, Study Now Pay Later is a flexible, interest-free payment solution that allows you to get paid upfront, while students spread their course cost for up to 36 months. This means you enjoy increased cashflow while your students receive stress free funding.

As an Australian Credit Licence Holder (ACL 498589) and trusted by educational institutions nationwide, Study Now Pay Later is a safe and simple service that enables quality education to more people.

Download Study Now Pay Later brochure
How it Works

Five easy steps to ZeeFi

Benefits

Here's what it means for you

Eligibility

Is your student eligible?

This pre-qualification checklist provides an indication of eligibility for Study Now Pay Later.

An Australian Citizen or Permanent Resident
An Australian Citizen or Permanent Resident
18 years or older (or 16 years old with parent applying on their behalf)
18 years or older (or 16 years old with parent applying on their behalf)
Holds an Australian bank account
Holds an Australian bank account
Employed full-time or part-time for a minimum of six months before applying
Employed full-time or part-time for a minimum of six months before applying
Can demonstrate capacity to service the payment plan
Can demonstrate capacity to service the payment plan
No foreseeable change to circumstances at time of application
No foreseeable change to circumstances at time of application
STUDY NOW PAY LATER CALCULATOR

What might the repayments look like?


Repayments

Amount to borrow
$500

Payment plan term
6 months

Calculate payments
Estimated monthly repayment amounts


First Direct Debit

$0.00


Ongoing Direct Debit

$0.00

Frequently Asked Questions

Simply contact us and our Sales Team will get in touch to discuss the details.

Once we have your application and the required information, your accreditation can be confirmed very quickly.

The financial wellbeing of you and your students is our main priority. As such, accreditation involves assessing your business, including your financial position for the past financial year. This is an ASIC requirement and it’s also a health check to ensure that our services are the best fit for you and your students.

If you’re a Payment Assist partner looking to sign up for Study Now Pay Later (SNPL), you might need to provide us some more details about your business.

Yes, we provide regulated consumer loans under our Australian Credit Licence 498589. In doing so, we must comply with the National Consumer Protection Act 2006 (Cth), the National Credit Code and we must meet ASIC’s requirements in relation to consumer lending.

Repaying the plan is as easy as setting up a weekly, fortnightly or monthly direct debit. If your student misses a payment, they need to call us ASAP to avoid additional fees.

Yes, each student must have a regular income and be able to demonstrate their capacity to service the payment plan. They must be employed full time or part time for at least 6 months before applying.

Testimonials
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Are you ready to get started?

We can’t wait to partner with you to grow your offering and grow your enrolments.