A ‘buy now pay later’ flexible finance solution for students so you get the quality education you deserve without the upfront cost.
Available for courses valued between $2,001 and $20,000, this flexible, interest-free payment plan allows you to focus on studying first and paying later.
As an Australian Credit Licence Holder (ACL 386010) and trusted by educational institutions nationwide, our Study Now Pay Later is a safe and simple service that opens quality education to more people.
Step 1: Apply via your education provider
Step 2: Obtain approval
Step 3: Start studying
Step 4: Get help when you need it
Affordable access
More course options
Simple solutions
This pre-qualification checklist provides an indication of eligibility for Study Now Pay Later. 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
Able to demonstrate capacity to service the payment plan
Not expecting personal or financial situation to change when servicing the payment plan
Repayments
Amount to borrow
Payment plan term
Estimated monthly repayment amounts
First Direct Debit
$0.00
Ongoing Direct Debit
$0.00
Study Now Pay Later is available for courses valued between $2,001 and $20,000.
Our application process is entirely online and approval can be granted within a minute.
Yes, as part of processing your application, we will run a credit check to confirm eligibility.
Yes, they are. When you provide your bank details to bankstatements.com.au we cannot view your passwords or make any transactions, and neither can anyone else. We can only read your statements in order to do our credit checks.
The Bank Statements online service is run by Illion, which is independently tested and audited by external security experts and encrypted with bank-level security. It is used by many banks and other lenders.
Yes, we provide regulated consumer credit under our Australian Credit Licence 386010. 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 credit.
No, we pay your education provider directly.
You’ll pay a minimal monthly account fee. However, an arrears fee is applicable if the account is overdue and a dishonour fee for each dishonoured payment. Please refer to the Target Market Determination document.
Repaying your plan is as easy as setting up a weekly, fortnightly or monthly direct debit. If you miss a direct debit payment, it is important to call us ASAP to avoid any further fees.
Yes, you must have an income. It can be part time, full time, casual or self-employed.
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.
You can submit your 90 days bank statements via bankstatements.com.au. We use this secure service provided by Illion (formerly Dun & Bradstreet) – a national credit reporting agency. When you login with your bank details, we can’t see them and neither can anyone else.
Alternatively, you can download a PDF copy of your bank statement from your bank’s internet banking portal. Please note that this will delay your application process. Refer here for steps on how to download a PDF copy of your bank statements and manually submit it to complete your application.