Low rate personal loans for everyday
Apply for a hassle-free personal loan with competitive rates and flexible repayment options.
Why choose MyOzMoney?
We are all about making things easier for you.
Applying online takes less than 5 minutes. No paperwork required.
We'll give you a fast outcome on your application.
Competitive, personalised interest rates.
Apply online for personal loans of up to $50,000. We do everything online, making it faster and easier for you while keeping our costs low, so we can pass those savings back to you.
Competitive interest rates tailored to your financial situation.
Pay off your loan ahead of schedule without any extra charges.
Get quick access to your funds. Once approved, we’ll transfer the money instantly.
Choose a loan period and payment schedule that suits you.
Applying is easy
Follow these simple steps to apply for your personal loan.
Customise your loan
You have the power to choose the loan amount you want to borrow and the repayment schedule that best suits your needs.
Get your rate in minutes
It takes less than 5 minutes to get your rate, and it won't affect your credit score. Once you have your rate, it's your choice if you want to submit the application.
Fast access to funds
If your application is approved, we transfer the loan amount to your bank account straight away.
Ready to begin?
Get approved online today for education loans ranging from $2,100 up to $50,000. Cover your tuition costs as well as the cost of new study equipment like laptops, home office supplies, textbooks and more. MyOzMoney is Australia’s online lender offering fast and easy personal loans and a line of credit option that takes you less than 5 minutes to apply for. Get approved today and start your next study adventure with fast, effortless finance.
What is an education loan?
For anybody planning to study at the university level like a graduate returning to further study or a completely new student, an unsecured loan from MyOzMoney can help you manage your expenses and help you cover the money you need to start studying. Our education loan is a personal loan product which means that you've given your total loan amount as a lump sum cash payment made directly to your account. You use this amount to pay for things like fees or study expenses and then you repay that amount over a fixed period at a fixed interest and monthly repayments.
How to get an education loan
You can apply online for any of our credit products. Applications take less than 5 minutes to complete and submit. MyOzMoney is an online lender offering low cost and fast finance across Australia. Apply online for personal loans in Sydney, Melbourne and Brisbane as well as anywhere else in the country.
If you’re not sure whether our cash loans or an education loan is for you then you have some other credit options to choose from. The MyOzMoney line of credit works a bit like a credit card except you transfer yourself quick cash loans when you need them rather than using your credit line in-store or online.
Our line of credit is offered as a revolving line of credit of up to $15,000. It offers you the peace of mind knowing that you have immediate access to fresh cash funds whenever you need them. Use your line of credit as often as you like. Borrow and repay in full or borrow from your credit line and slowly repay your balance over time. Our line of credit option is our most flexible credit product and can help with education loans as well as general cash loans when you need them.
How much education loan can I get?
Using our online tools like a personal loan calculator will help you discover what your likely education loan amount will be. If you’re a full-time student, then using a student loan repayment calculator is a great way of planning what your living expenses will be like and whether you can comfortably afford regular repayments as well. Use a personal loan repayment calculator to work out how much interest will be payable over your loan term and what your total interest payable is to get an idea of the best rates for you.
Personal loan interest rates can vary depending on the loan amount that you’re looking for and what your loan is going to be used for. Your interest rate will determine the repayments you make and may affect the loan term that you ultimately choose to take. Choosing a longer loan term will help to lower monthly repayment costs and take the strain of managing off short term living expenses. Short term loans are great for keeping your credit obligation short but they do put additional stress on your cash flow with higher repayment amounts over a shorter period.
We don’t charge our customers early termination fees on personal loan balances they choose to close out early. This means that you can apply for a long term personal loan and enjoy the flexibility of paying out your balance early if you can and avoid additional interest payments.
MyOzMoney is committed to responsible lending. To be eligible for our online loans application process, you must be at least 18 years old, a resident of Australia and currently employed. We’ll ask you for some general information like your current bills and debts, living expenses and income details. We’ll verify your application data online and typically customers who apply during our business hours receive a response within 60 minutes but often much sooner than that. If you’re happy with the loan amount or line of credit that we have offered you, and you have carefully reviewed the terms and conditions as well as any fees, simply digitally sign your contract online and we’ll transfer your new funds immediately. Depending on which bank your account is with, this could mean that you have the money you apply for the same day that you submitted your application.
Sometimes you may not be approved for the total education loan amount that you’re looking for. This could be for a variety of reasons including poor credit history. You may find that slowly building your credit history up with smaller credit products can help you get approved for the fast cash loan amount you need faster. Once you have a good credit history then your personal loan interest rate is likely to be lower as well as other fees. This saves you money on future credit products by first showing your provider that you’re a reliable credit customer. You can apply for any of our quick loans like our mini loans and small loans online too.
Apply online now for the MyOzMoney range of personal loans, including education loans, and get approved for the money you need today.