Education loan
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Take control of your future with an education loan
An education expenses loan breaks down the barriers to the qualifications you need. Now you just need to study.
NO DELAYS
Education expenses loans on Harmoney are normally funded within 24 hours, so you won’t have to worry about missing deadlines.
NO SURPRISES
When you’re approved for a study expenses loan, you’ll know exactly how much you can borrow and budget what you need to pay.
REDUCE RISK
You don’t need to risk your home, car or other asset to be approved for a study loan on Harmoney. All our loans are unsecured.
What our customers say
Extremely happy with results. australia
Simple, 100% online
Step 1. Apply
Let us know how much you need to borrow and provide some details about yourself and your finances.
Step 2. Get your quote
We’ll send you a detailed quote for your education expenses loan for you to approve.
Step 3. Get your money
Provide some last details after accepting your quote and you should get your money within 24 hours.
What we offer
$2K - $70K
Loan limits
3, 5 or 7 years
Loan terms
$275 or $575
Establishment fee
$0
Early repayment fee
- You can get a 3, 5 or 7 year loan term¹
- Fixed rates from 5.76%² (comparison rate 6.55%³)
- Your rate is fixed for the life of the loan
- Establishment fee of $275 for loans under $5,000 ⁴
- Establishment fee of $575 for loans $5,000and over ⁴
- No monthly account keeping or early repayment fees
- You can repay weekly, fortnightly or monthly
Fast and fair education expenses loan
With fewer financial worries, you can focus on getting your qualification.
PERSONALISED RATE
Pay a fair interest rate that’s calculated based on your personal credit assessment.
100% ONLINE – 24/7
No queues, no face-to-face meetings, your loan is fully online.
NO EARLY REPAYMENT PENALTY
Unlike most lenders, we don’t charge a fee if you pay back your loan early.
About education loans
Education and training can be a great investment in your future, but often an expensive one.
An education loan can help to cover the costs of studying, as well as covering your living costs if studying is impacting on your regular employment. Here are some of the main points to consider when you’re comparing education expenses loans from different providers.
Unsecured education loan
All Harmoney personal loans are unsecured, including education expenses loans. This means we don’t need you to put forward an asset as security for the loan - putting those assets at risk.
Secured education loan
Some loan providers offer secured personal loans. While these may have a lower interest rate, they also involve more risk, as a high-value asset is required as security for the loan. If you can’t repay your loan, the loan provider has the right to sell your asset to recover their lost money. Harmoney does not offer these types of loans.
Student loan
If you’re studying an approved course run by an approved education provider, you may be eligible for a student loan. These are designed to cover course fees, course-related costs and living costs. Interest payments are generally lower than for a personal loan, but so are borrowing limits.
Fixed or variable rate?
Whatever type of study loan you choose, another important detail to compare is whether the interest rate is variable or fixed.
A variable rate can go up or down in line with the market base rate, which can make this option more of a gamble. A fixed rate stays the same, so you’ll always know how much your repayments will be.
All Harmoney personal loans have a fixed interest rate to give our borrowers more certainty. Learn more about our interest rates.
Focus on your future
Get a quote for a study loan so you can concentrate on what’s important.
Loans of all kinds
Harmoney can help you achieve your goals.
EDUCATION COSTS
If you’re furthering your education, a study loan from Harmoney can help to support you. Tell us how much you need to borrow.
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We're real people and here if you need us
If you need help, just give us a call on 1300 042 766 or jump on to online chat and one of our more than 30 specialists will be there to lend a hand.
