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Personal loans Education loans

Education loan

Invest in your future

Personalised rates from 5.35%¹
(comparison rate 6.14%)²

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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.

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Education expenses loans on Harmoney are normally funded within 24 hours, so you won’t have to worry about missing deadlines.

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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.

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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

5.0 Thank you very happy with interest rate australia
5.0 Excellent and seamless. Very happy australia
5.0 Super quick, easy process! Loan approved within 3 hours business time! Super happy australia
5.0 I’m happy how everything is going thank you australia
5.0 Quick, easy, very affordable repayments. Happy australia
5.0 Very happy customer australia
5.0 Easy process, very happy australia
5.0 I am so happy with process australia
5.0 As long as the money is received in my account, as I have only done the approval, I am more than happy with Harmoney australia
5.0 Great experience and to deal with.
Very friendly and only to happy to help.
5.0 Fast and easy experience with quick response time. Very happy. australia
5.0 Excellent experience .Very happy as the whole process was very quick australia
5.0 Very happy australia
5.0 Everything went very smooth, disappointed with final interest rate but apart from that very happy with help and assistance. australia
5.0 Very happy with the ease off the online application australia
5.0 Happy with my outcome now I have consolidated my debts and only have the one repayment .. australia
5.0 Once again I am a very happy customer. australia
5.0 Very fast and easy to navigate from start to finish. Second time using this lender. I am happy with the service. australia
5.0 The Harmoney Team are very prompt communicators and streamline it all to obtain a result, very happy with the expert help, Rgds Richard australia
5.0 I have found Harmoney easy to deal with and I am very happy with the service australia
5.0 no this is the second time we have used harmony and we are always very happy with the service. australia
5.0 not very happy that I applied for a specific value and you added 25% to it australia
5.0 The website process is so simple, I personally liked that I did not need to speak to a consultant. I was concerned about providing bank details to a computer but it made it such a great experience. Overall very happy australia
5.0 Lenny is great, he listens to what I am looking for and fixed the issue the next day, the IT team fixed it fast and now the process is complete, Happy customer :) australia
5.0 As usual a top size. Easy to use. Very happy thankyou australia
5.0 Thanks alot, so glad I'll be paying everything off at one place australia
5.0 very happy with the quick response here. australia
5.0 Very happy with the help and support I received, especially from Paulina.
Paulina was so helpful and reassuring to me at this stressful time.
Thanks Di Smith
5.0 Very happy Australia
5.0 super easy to apply could not be more happier Australia
5.0 Very happy all questions were answered clear and fast.
Thank you
5.0 Fast easy loan process. Very happy with the service provided. Australia
5.0 Totally happy very friendly fast service Australia
5.0 Very good . I’m so happy with this company. Australia
5.0 So simple and really fair interest rates - very happy. Australia
5.0 Fast and super easy - everything is in plain English and you know exactly what you’re getting 10 out of 10 Australia
5.0 very happy,prompt service Australia
5.0 Very easy, painless process, very happy! Thanks :) Australia
5.0 Excellent service. Couldn't be happier Australia
5.0 Thankyou, very happy with your service Australia
5.0 Very happy with Harmoney. I like the flexibility. Australia
5.0 Really great service and happy to continue with Harmony..Highly recommend Australia
5.0 It is so quick and easy
No making around
I am really happy with Harmony loan
5.0 Extremely happy easy to use quick response Australia
5.0 I am very happy with the process and the consultants I dealt with. They were very helpful and pleasant Thank you very much. Harmoney. Australia
5.0 Quick and its easy to use . I am very happy and excellently satisfied Australia
5.0 Easy understanding, quick and friendly. I’m so happy Australia
5.0 Honestly I’m very happy right now, mainly because I suffer from depression and with what you’ve offered me today it’s taken a load off my mind and it will help to live a better life and a less stressful life as well. Thank you from the bottom of my heart for this Australia
5.0 Life saver
Very quick
Professional and a very happy and long term customer
5.0 very happy Australia
5.0 quick and easy. really happy Australia
5.0 Very happy
The communication is quick and all very easy to navigate
5.0 I’m happy and it was really quick Australia
5.0 Very easy and straight forward. Very happy with how smoothly it has gone Australia
5.0 The whole experience so far has been really easy. I contacted the office and spoke to a customer service officer (Mia) who was very helpful. So professional and helpful. I am super happy to get this help. These are difficult time and this process has been just awesome. Thank you Australia
5.0 Brilliant service from harmoney, happy customer from a harmonious company thank you Australia
5.0 Excellent. Glad I can pay my loan off early if need to Australia
5.0 Surprisingly fast approval and process. I am very happy with that. Australia
5.0 Super happy with Paulina when she called. Very efficient and helpful. Australia
5.0 Happy with everything Australia
5.0 Awesome service such easy process everyone happy to help out Australia
5.0 Thank you for help . I am very happy that someone called and offered me this new rate Australia
5.0 I have very happy with my experience Australia
5.0 Such a quick and easy process. Very happy. Australia
5.0 I was helped by Mia over the online chat function, and while admittedly I was a bit difficult (I don't math very well) she was awesome and patient and overall provided wonderful customer service. Australia
5.0 Excellent online process, great to deal with. Very happy customer! Australia
5.0 Fast response. So happy. Thank you. Australia
5.0 I am so happy and thank you, thank you for your assistance Australia
5.0 Happy NSW, Australia
5.0 i,m very happy with the ease of which this process is carried out , an helpful staff available. Qld, Australia
5.0 very quick and stress free process, resulting in one happy family. Thank you Australia
5.0 Very happy with the result so far. Australia
5.0 Always very happy with Harmoney Australia
5.0 glad to have found this company Australia
5.0 Very happy with the service. Quick painless online application and very quick turn around on funding. NSW, Australia
5.0 Very happy with the overall experience, easy and quick online services and Ron was very helpful over the phone Tas, Australia
5.0 Easy Application process, swift response, looking forward to see the funds, very happy :) Australia
5.0 I am truly happy with the outcome and prompt response. Australia
5.0 the person I spoke to was helpful and processed everything quickly. very happy with the service Australia
5.0 Very good and happy with the service from Harmoney, it is good to top up my loan Australia
5.0 I’m happy with the service promptly given. Thank you. Australia
5.0 just happy to not have to worry about money and I now have a buffer of savings
don't want to be in debt like everyone else is or worry about what,s due and when
WA, Australia
5.0 I'm so happy that I came across Harmoney as I have had difficulty trying to get a loan through others,simple and easy to apply NT, Australia
5.0 Mia was very helpful and respectful.I have no complaints, was hoping to get a little more but still happy. NSW, Australia
5.0 It’s all looking good even though I have received the funds yet but totally happy with the process and how conveniently for me to access it in the short amount of time

5.0 Very user friendly and easy. Was happy last time and even happier this round. Australia
5.0 Im really happy with harmoney it make it easier the application. Australia
5.0 Quick Easy process , easy to understand & good communication , prompt reply's , Very Happy Paul NSW, Australia
5.0 Im completely happy and thankful. Your giving me a chance thankyou Australia
5.0 I am extremely happy at the quickness and thoroughness of the service. Australia
5.0 Experience has been fantastic so far, couldn’t be happier Australia
5.0 Seems easy so far. Glad you have prepopulated information and checked my identity online Australia
5.0 Fast and efficient very happy with the result Australia
5.0 Fast, easy, in simple English. Friendly consultants Qld, Australia
5.0 Very easy to understand and super happy with the service I received. Josefa was a wonderful help with each step of the loan process. Australia
5.0 The application process is so fast. Very happy. Australia
5.0 Very happy, process is so easy Australia
5.0 Happy with the speed of the whole process although the interest rate is higher than I believe it should be. 16.49% for a personal loan is very high NSW, Australia
5.0 Easy application. Look forward to confirmation. I am not an employee or family member of an employee, and this is a tue honest review of my dealings. Very easy and quick service. Happy with my contract and communication from staff. Pleasant application thank you. WA, Australia
5.0 Very happy with service.
Easy hassle free no stress.
Team were very pleasant to deal with.
I would definitely use Harmoney again.
NSW, Australia

Simple, 100% online

Step 1. Get to know you

Let us know how much you need to borrow and provide some details about yourself and your finances.

Step 2. Get your loan terms

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 - $50K

Loan limits
3 or 5 years

Loan terms
$275 or $575

Establishment fee

Early repayment fee
  • All loans are unsecured
  • Rates from 5.35%¹ (comparison rate 6.14%²)
  • Your rate is fixed for the life of the loan
  • Establishment fee of $275 for loans under $5,000 ³
  • Establishment fee of $575 for loans $5,000and over ³
  • No monthly account keeping or early repayment fees
  • You can repay weekly, fortnightly or monthly

Find out more about our rates and fees

Quick study loan estimate

Try our loan calculator for a quick estimate of the interest rate and repayments on your study expenses loan.

Common education loan questions

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Can anyone apply for an education loan?

To apply for an education expenses loan in Australia, you have to:

  • Be 18 or older

  • Be an Australian citizen or Permanent Resident or a New Zealand citizen

  • Prove that you are employed full-time or permanent part-time

  • Prove your identity with valid photo ID such as your Australian driver’s licence or passport

  • Not have a default, judgment or bankruptcy listed on your credit file

  • Need at least $2,000 for your loan

To apply for an education expenses loan in New Zealand, you have to:

  • Be 18 or older

  • Be a citizen or Permanent Resident of New Zealand

  • Prove that you earn a stable income

An education loan is a type of personal loan. You can apply for a loan online following our simple step-by-step process.

What can I use an education loan for?

A study expenses loan can be used to cover education costs up to your borrowing limit, including tuition fees, on-campus housing, academic books, transport and equipment such as computers. Knowing your ongoing costs are covered up-front makes managing your day-to-day expenses easier.

Can I delay paying back my loan until after I complete my studies?

A personal loan for education expenses is not like a government student loan, which only needs to be repaid once you’re earning above a certain threshold. You will need to make regular repayments on your Harmoney loan from the start of the loan.

If you want to lower your monthly repayments, you can choose a 5 year loan rather than a 3 year loan. Keep in mind, the longer the loan term the more interest you pay over the life of the loan.

I need to borrow more. Can I increase my loan?

You may be able to extend your borrowing limit and borrow more on your education loan if you’ve been making your scheduled repayments to Harmoney for 6 months or longer and your credit profile is the same or better.

Can I cancel the loan if I’m no longer in education?

Harmoney loans can be cancelled within a “cooling-off period” of 7 days of the loan starting if you change your mind. As long as you’re in the cooling-off period, you can return your money to us and we’ll refund your establishment fee.

If you’re not in the cooling-off period, but your plans change and you no longer need a study expenses loan, you will have to pay back your remaining balance (including any interest owing at that time) to close your loan account.

Can I pay off my loan early?

Yes. If you have the chance to pay back your remaining balance before the end of your loan term, doing so will help you to save on interest payments and get out of debt sooner. Harmoney doesn’t charge early repayment fees.

Fast and fair education expenses loan

With fewer financial worries, you can focus on getting your qualification.

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Pay a fair interest rate that’s calculated based on your personal credit assessment.

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100% ONLINE – 24/7

No queues, no face-to-face meetings, your loan is fully online.

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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

Apply for a study loan so you can concentrate on what’s important.

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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.

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