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Student Loans

Let’s face it,  secondary education or even studying courses to further your career can be expensive. While you’re spending more time hitting the books, there’s less time to generate income to pay for your studies, which typically have to be paid upfront in lump sums. What’s the solution? Undoubtedly, the solution is a student loan!

One of the many loans we offer here at is student loans. Keeping in mind that having adequate funds at the right time is very important, we offer individuals all over Australia access to a wide range of convenient student-friendly loans. We understand that every student has unique financial requirements, and because of this, we provide you with access to Australia’s finest lenders.  

What Are Student Loans? How it Works

A student loan is a money borrowed to pay for studies and further education. When you take out such a loan, you request a set amount that is to be paid back over a specified period with interest. Of course, if your student loan is below $2,000, you won’t be charged any interest at all.

Student loans help individuals meet the costs of their post-secondary education. The loan a student receives is used to pay for all things school-related. And when we say “school-related,” we’re referring to the likes of tuition fees, supplies, books, day-to-day living expenses, and more. It is good to note that a student personal loan is completely different from a grant, work-study program, and scholarship. Unlike the other three, students ought to pay back their students loan.

The process of obtaining the best student loan, regardless of the lender one settles on, begins with an application form. With, the process is easy. Simply fill out our application form with your personal details and information as requested. The information you’ll be asked to provide includes things like your identification and financial state. Once you are done filling out the form, submit the form, and we will get back to you shortly on the status of your application. When we say shortly, we really mean in just a few minutes!

One big plus with  is the fact that you have access to many of Australia’s most reputable lenders with one application form. Simply put, you have a high chance of getting a student loan online with without having to deal with the wasted time and frustration that comes with making individual applications with loan providers. 

Types of Online Student Loans

To help students pay for their education, we offer a wide range of loans that perfectly suit students. The following loans can fall into the category of loans perfect for students. 

Unemployed Loans

One way of paying for your secondary education if you are seeking financial aid from a private lender is by taking up’s unemployed loan option. As a student, you may not be gainfully employed, so this loan type might just suit you.  As an unemployed person, you still need to prove that you can afford the loan. Perhaps you receive a regular allowance from your parents or freelance in your spare time to earn some money. Make sure you have some proof of your income streams before apply.

Our student loans range from $200 to $5,000, and we have a student-friendly repayment schedule that will allow you to focus on your education without having to worry about loan repayments.

At G’Day Loans, we work with responsible lenders who access every unemployed loan application we receive by focusing on the applicant’s unique circumstances. This helps us put you in touch with providers of the best unemployed student loans in the country.   

No Credit Check Loans

Having bad credit presents some challenges, especially if you’re seeking financial aid to cater to your education. Understanding the challenges individuals with bad credit face and that every circumstance is different, the lenders we work with at often offer no credit check loan options.

If you are seeking a student loan and, for some reason, have bad credit, you can apply for our no credit check loans. Lenders will consider your current affordability instead of simply relying on the outcome of a credit check. 

Many students struggle to get credit and open accounts because they have no credit history. Taking out a no credit check student loan is a great way to build up a good credit history gradually. Keep in mind that our no credit check loans can be paid off over 60 days to 12 months. Furthermore, in order to qualify for our no credit check loan, you must earn at least $350 per week.  

Guarantor Loans

Guarantor loans are another ideal option for any student seeking financial aid. This loan option involves or requires a student’s parent or guardian to be a co-signatory on the loan. This way, if you fail to make payments, your parent or guardian will be liable for the loan. As with other loans available at G’Day Loans, the payout on such loans is very quick. You can expect to receive the funds within 60 minutes of your loan being approved.  

Features of Student Loans

Interest Rates’s interest rate is a maximum of 48% on all loans over $2,001 (along with a $400 establishment fee). Loans under $2,000 attract a 20% establishment fee and a 4% monthly service fee but have 0% interest attached.

Flexible Loan Amounts and Terms

With, students can enjoy flexible loan amounts and terms. In most cases, the panel of lenders sets up a favourable repayment plan with an extended period that leads to lower monthly instalments. During the application process, the lender will discuss the most suitable repayment terms for you.

Term of Student Loan

What you can afford and what’s most suitable to your financial situation will determine the loan term that the lender offers you. Student loans that are small result in lower interest charges as they’re typically paid off over the short term. This is compared to larger loans with longer repayment terms, as interest is every month for the duration of the loan. 

Disbursement Time

Keeping in mind that as a student, you might need the required funds as soon as today, the lenders we work with disburse funds on approved loans as soon as possible. In most cases, loan applications are quickly assessed and the funds disbursed within 60 minutes. In the rare event that this doesn’t happen, disbursement usually occurs within 24 hours. 

Borrowing Limit

At G’Day Loans, you can obtain a loan for anything between $200 and $5,000. Some of our lenders also offer loan amounts of up to $10,000.   

Examples of Student Loans

Below is a look at what you can expect when taking out a loan for students at G’Day Loans.


Max Loan

Loan Term





12-18 months

Paid to Supplier


Sunshine Loans


9-14 weeks

60 Minutes

20% establishment 4% monthly fee

Ferratum Money


3-12 months

Same day

20% establishment 4% monthly fee

Jacaranda Finance


9-24 months

Within 48 hours

20% establishment 4% monthly fee

Do keep in mind that the figures shared are estimates and are prone to changes. In addition, they don’t include fees lenders have in place.

Advantages and Disadvantages of Student loans

Understanding the advantages and disadvantages of our student loans is an integral part of the borrowing process. Here’s what to expect.


Students Can Build Their Credit Rating

Building a credit rating is one of the biggest advantages of taking up a student loan with Whether you have a bad credit rating or no credit rating, you can count on building up a good credit reputation when taking out a small loan and repaying it steadily and on time.  

Quick Disbursement

When applying for a loan through, you will receive your student loan within a matter of minutes. Yes, as long as you fill out the application form as required and you meet all requirements, you will have funds disbursed to your preferred account within 60 minutes. If there happens to be a delay, you can expect to receive the funds the next business day.     

Small Loan Amounts Come with 0% Interest

As a student, you probably don’t need piles of money to enjoy a good student lifestyle. However, you do have expenses and responsibilities, and sometimes a little helping hand in the form of funding is required. At G’Day Loans, we have small loan amounts perfectly suited to the needs of students. These amounts range from $200 to $2,000 and come with 0% interest. According to the regulations set out by the Australian Securities and Investments Commission, lenders can only charge interest on loans of $2,001 and above.

Use Your Money For Anything You Like

While the lenders on our panel may inquire about your reason for needing the funds, they will not be unreasonable. Students can use their student loans to pay for fees, accommodation, entertainment, food, rental, and more.


Same Day Loan Convenience is Expensive

Unfortunately, instant cash loans for student debt can be expensive in terms of high interest. 

Eligibility Criteria

Making sure you are eligible for a student loan via  is very important. Meeting the criteria will save you lots of time and even help increase your chances of actually getting loan approval. Below is a look at the criteria required for borrowers who wish to appy for a loan with us at G’Day Loans. 

  1. Must be an Australian Citizen, permanent resident, or a visa holder
  2. You Must be 18 years or older
  3. You must have an Australian residential address
  4. Provide the relevant financial documentation, including proof of income and bank statements.

The Application Process for a Cash Student Loan

Our goal here at is to make the application of student loans as simple as possible. Before taking up any student loan, we encourage students and parents to determine their loan affordability first. 

Once you’ve determined your loan affordability, you can get started with the loan application. Here’s how to apply for a student loan.

Step 1 – Click on “Get Loan”

The “Get Loan” button is at the top right-hand side of your screen. Click on it and, an online application form will appear instantly. 

Step 2 – Fill Out The Application Form

To fill out the application form, you’ll need to have personal documents like ID, proof of income, residence, and banking details. Remember to indicate the amount of money and loan term you want. A big plus is that this process is fast.

Step 3 – Submit Your Application

Before you click on the “Apply” button, take a moment or two to read through the terms and conditions and the privacy policy. Then, when you’re ready, submit the document and wait a few moments for our system to provide you with a response. 

In most instances, the loan request is accepted, and you will be directed straight to the website of the lender to take the next step. The lender will be in touch with you to discuss the details of your loan. Once both parties are happy, a loan contract will be sent to you for careful consideration. 

 Step 4 – Review the Loan Contract

As a responsible borrower, you must read through every detail of the loan agreement. Make sure that you are familiar with the terms and conditions and, of course, the repayment schedule too. If something feels out of place or confuses you, don’t hesitate to discuss it with the loan consultant assisting you with your application. Once you’re comfortable with the agreement, sign the document and send it over for final approval.

Step 5 – Wait for your Student Loan

If everything is in order, you will receive the funds you requested in your bank account within 60 minutes. While our lenders do all they can to honour this promise, sometimes delays do happen in which case you should receive the funds the next day.

Frequently Asked Questions

How much would you like to borrow?

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100% Safe and secure. Apply with confidence, your privacy is always protected.