Flexible pay-as-you-go loans for working students completing bachelor, post-graduate and master’s degrees.
Available for courses valued between $2,001 to $50,000, Higher Education Loans offer an accessible, flexible student loan for working students where you can borrow a portion or the entire cost of your university fees.
As an Australian Credit Licence Holder (ACL 386010) and trusted by educational institutions nationwide, our Higher Education Loans remove the financial red tape with a simple and safe process, supported by a competitive, personal interest rate.
Step 1: Choose your course
Step 2: Apply for your loan
Step 3: Get approved
Step 4: Start studying
Tax-deductibility
Simple and convenient
Fixed repayment schedule
Only pay for what you borrow
This pre-qualification checklist provides an indication of eligibility for Higher Education Loans. You are:
An Australian Citizen or Permanent Resident
18 years or older (or 16 years old with parent applying on your behalf)
An Australian bank account holder
Employed full-time or part-time for at least 6 months before applying
Can demonstrate capacity to service the payment plan
No foreseeable change to circumstances at time of application
Repayments
Amount to borrow
Salary
Course Length
Loan Term
Number of Drawdowns?
Estimated monthly repayment amounts
MONTHLY PAYMENT DUE AFTER 1ST DRAWDOWN
$0.00
*Indicative comparison table. Further research should be conducted on the suitability of the ZeeFi product versus government products and schemes.
ZeeFi
Fee-Help
Australian Citizens
Permanent Residents
Flexible Repayments
Pay-as-you-go
Loan Term
Choose between 1-7 years
Fixed repayments based on your income
How Much Can I Borrow?
$2,001 - $50,000
$0 - $106,319*
No Early Repayment Penalties
Tax Deductible
Interest Rates
Risk Based Pricing
Indexation Applied
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 your Higher Education Loans directly with us. You can fill the online application form here.
All you need to apply for a loan:
- Medicare card
- Passport or Driver 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.
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.
No, we pay your education provider upon your instruction.
Yes, you must have an income. It can be part time, full time, casual or self-employed.
Interest rates are determined on a risk profiling basis. We’ll provide you with an outline of the interest rate that could apply to your loan. You should consider whether this is right for you.
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.