Monash University

Monash University is one of Australia’s leading tertiary education institutions. They have 5 campuses in the country and 1 in Malaysia as well as in other leading countries including Asia, Europe, India, China, Italy and South Africa.

Their vision

They aim to make a difference in the community and help to provide financial assistance to those students from disadvantaged backgrounds. They strive to stay abreast with the latest technology and the latest innovations in the education and technology sector.

They dedicate themselves to investing in the student’s future and helping them achieve their career goals and supporting them all the way through their university degree and beyond.

Interest-free loans

Monash University offers interest-free loans to students that are going through a tough time so that they can concentrate on finishing their studies.

The student loans can be used to cover all study-related expenses such as internet costs, textbooks, transport costs or rent. If you are not sure what you may use the loan on you can speak to one of our Monash student advisors.

Short-term student loans

Short-term loans allow the student to borrow up to $750 which needs to be paid back over 6 months. A long-term student loan allows the student to borrow up to $3,000 and gives the student 12 months to repay the loan.

Eligibility

Their student loans are available to both domestic and international students and are completely interest-free. You need to be studying at a university in Australia. If you are on a student leave you may not apply.

Monash University offers interest-free student loans to those students that are having a difficult time financially and need financial assistance to help them continue their studies.

Short-term student loans

Monash University offers short-term quick loans of up to $750 these loans can be used to pay for study-related expenses such as books, study materials, laptops and student housing. There are a few restrictions on what the loan can be used for.

How do you pay back the loan?

To pay back the loan you will need to make regular instalments as set out in the terms of your loan agreement.

You can make payments at the Monash University campus or you can pay via cheque, credit card internet banking or BPAY. Remember to use your student ID as the reference number so that your payment can be traced easily.   

To apply for a short-term student loan you will need to supply the following supporting documents:

• The completed online loan application form
• A copy of your banking details that is completed and signed
• A recent bank statement
• Proof of income including pay slips, bank statements and Centrelink letter
• Other supporting documents that may apply depending on your loan agreement include your rental agreement or quote for certain study materials.

Repayments

They will come up with a repayment plan together that is easy for you to manage and won’t cause you additional stress. The full amount of the loan will need to be paid back by the time that you finish your studies or as soon as you