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Vocational Loans

Flexible payment solutions for students that may otherwise be deterred by lack of government funding and upfront costs.

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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 498589) 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.

Download Vocational Loans brochure
How it Works

Four easy steps to Vocational Loans

Benefits

Here's what you get

Eligibility

Are you eligible?

This pre-qualification checklist provides an indication of eligibility for Vocational Loans.

An Australian Citizen or Permanent Resident
An Australian Citizen or Permanent Resident
18 years or older (or 16 years old with parent applying on your behalf)
18 years or older (or 16 years old with parent applying on your behalf)
Holds an Australian bank account
Holds an Australian bank account
Employed full-time or part-time for at least 6 months before applying
Employed full-time or part-time for at least 6 months before applying
Able to demonstrate the capacity to service the loan independently
Able to demonstrate the capacity to service the loan independently
No foreseeable change to circumstances at time of application
No foreseeable change to circumstances at time of application
VOCATIONAL LOANS CALCULATOR

What might the repayments look like?


Repayments

Amount to borrow
$2,000

Course Length
3 months

Loan Term
6 months

Number of Drawdowns?
1
Calculate payments
Estimated monthly repayment amounts


Monthly payment due after 1st drawdown

$0.00

ZeeFi Vocational Loans comparison table

Compare your options

ZeeFi
VET Student Loans

Loan Amount

$2,001 to $20,000

Caps apply ($5k, $10 or $15k)

Loan Term

6 to 48 months
Dependent on income

All Qualification Levels

No Up-front Loading

Pay-as-you-go

Holiday Periods Available

No Early Repayment Penalties

*Indicative comparison table. Further research should be conducted on the suitability of the ZeeFi product versus government products and schemes.

Frequently Asked Questions

Anyone who is:

  1. 18 years of age or older (or 16 and older if a parent/guardian applies)
  2. An Australian Citizen or Permanent Resident
  3. 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.

Testimonials
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Are you ready to get started?

We can’t wait for you to learn more