If you’re a student in Australia, getting the finance you need to survive can be an ongoing issue.
What can you use emergency student finance for?
You can use an emergency student loan for a range of purposes, including:- University, TAFE or registered training organisation (RTO) fees.
- Books or other education resources/equipment needs.
- Apprenticeship fees.
- Many other last-minute, unexpected personal expenses.
Access to finance is becoming increasingly important for students due to the rising cost of living in Australia. Accommodation costs alone are going through the roof, not to mention other essentials like petrol and groceries. Many students are struggling to make ends meet, but you don’t have to go it alone.
Where can I get an emergency student loan?
If you need money fast, Finance One might be a great option — even if you have a bad credit score, we might be able to help.How much can you get for an emergency student loan?
Loans are available from $5,000 to $25,000** to approved Finance One applicants on three or four-year loan terms. The amount you can borrow will depend on your income and ability to afford your regular loan repayments.
How can I make my emergency student finance repayments more affordable?
There are two ways to make your loan repayments more affordable:- Borrow a lower amount.
- Take out your loan over a longer term (e.g. four years instead of three).
At Finance One, we don’t charge any early repayment fees.
So, it might be a wise strategy to make your repayments more affordable if you can because you can always make extra repayments in the future to help you pay off your loan faster.
Apply Online NowWhat is the interest rate on emergency student finance?
Interest rates depend on your individual financial circumstances, including your:- Credit score.
- Regular income.
- Employment stability.
- Residency status (e.g. whether you’re an Australian citizen or student/working visa holder).
How quickly can you get emergency student finance approval?
Finance One approves emergency student finance for eligible applicants in as little as 48 hours*. We understand that you may have current or past credit issues, but we believe in second chances.
What are the eligibility requirements for emergency student loans?
You need to be:- Receiving regular income so you can afford to make your regular loan repayments.
- At least 18 years old.
How to get emergency student finance
You can apply for an emergency student loan online. You will simply need to supply:- Your bank account statements for the last three months.
- Proof of your regular income.
What if you’ve been rejected for a bank loan?
Again, don’t be deterred from applying for an emergency student loan with Finance One. We specialise in giving people second chances and approving loans for people with bad credit. If you have any concerns, please do not hesitate to give us a call on 1800 346 663.
Talk to our TeamAre student loans a good idea?
Whether or not a loan is a good idea depends on your varying personal factors. It may help to think of your educational costs as a worthwhile investment in your future, rather than as a cost. Getting a qualification can improve your chances of getting a job (and also a higher paying job I the future). If you need a student loan to help you achieve that end goal, then it might make sense — that’s up to you to decide.What about government loans?
If you’re not looking for emergency finance, there is federal government assistance available to Australian students for different purposes:To be eligible for a HELP loan, you must be:
- An Australian citizen, a New Zealand special category visa holder or a humanitarian visa holder.
- Enrolled at a government-supported educational institution and have a unique student identifier (USI).
You must also have a tax file number because your repayments for any government student loan will be made through the tax system.
Need extra support? Finance One may be able to assist
It can be a financial struggle to survive when you’re a student, and Finance One understands that. Even if you have a bad credit score, we may be able to approve you for an emergency student loan.
Contact us to find out more — even if you’ve been rejected by banks or you’ve already exhausted your federal government loan options.
Talk to us Now*48 hour approvals are subject to satisfactory documentation being provided to assess the application.
**Loans between $5,000 – $25,000 can be secured or unsecured.
Normal lending criteria, terms & conditions and fees & charges apply.
Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information.
Content prepared by an external writer covering topics that may be of interest to our customers. The content does not necessarily represent the views or opinions of Finance One Commercial.
All loan applications subject to normal lending criteria. Fees and charges payable. Terms and conditions apply.
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