Anyone who is enrolled in an accredited Australian educational institution can apply for a student loan. This includes full-time and part-time students, as well as students studying online or through distance education. Students must be over 18 years of age, an Australian citizen or permanent resident, and meet the eligibility criteria set by the lender. This typically includes having a regular income or employment, as well as a good credit history. However, some lenders may offer loans to students with bad credit or no credit history, depending on their individual circumstances.

At Rapid Loans, we understand that every student’s financial situation is unique. That’s why we offer personalised loan solutions to help you meet your specific needs. Our loan terms and repayment options can be customised to fit your budget and schedule, so you can focus on your studies without worrying about financial stress.

At Rapid Loans we understand that some students may have a bad credit history, which can make it difficult to obtain credit. However, at Rapid Loans we look at every application individually and make an assessment when we have all of your information. We look at a range of factors when assessing loan applications, including your income, employment status, credit history, and overall financial situation. Even if you have a bad credit history, you may still be able to secure a loan if you can demonstrate that you have the capacity to repay the loan.
We believe that everyone deserves access to financial assistance when they need it most. While we do take credit history into consideration when evaluating loan applications, we also look at other factors to determine whether or not the applicant is eligible for a student loan.

Student loans can be used to cover a range of education-related expenses, including course fees, textbooks and equipment. The specific expenses that can be covered by a student loan will depend on the lender and the type of loan. Some loans may be restricted to certain types of expenses, while others may offer more flexibility. It is important to carefully review the terms and conditions of any student loan, to ensure that the loan is suitable for your needs. Having access to funds to cover these expenses can help reduce the financial stress that often comes with being a student.

At Rapid Loans, loans for students typically work by providing a lump sum of money to cover education-related expenses. The borrower then repays the loan over a set period of time, with interest and fees. The terms and conditions of student loans vary but typically include details on the loan amount, interest rate, repayment term, and any fees or charges. The application process for a student personal loan at Rapid Loans can involve providing documentation such as proof of income and enrolment in an educational institution. Once approved, the borrower will receive the loan funds and will be responsible for making regular repayments until the loan is fully repaid.

At Rapid Loans, a student loan is effectively a personal loan. Of course, we know you are using the loan for your expenses as a student but the way the loan works is the same as our personal loans. We offer secured personal loans at Rapid Loans, so that means when you take a student loan with us, we’ll need a security from you such as a car.