University of Melbourne student loans

The repayment due date is determined by the advisor. Generally repayment is due within 6 months (or earlier based on your enrolment in the current year).

The maximum amount available to borrow is $1,000 without a guarantor.

Applications are assessed by the Loan Approval Group. You will be emailed the outcome within five working days.

If your application for a short-term loan is approved, you will be asked for your bank details. Once received, payment will be made to your nominated Australian bank account.

Loan repayments are made via BPAY. They can be made in full or by instalments to the University’s Finance Department. Refer to your student loan invoice or statement for BPAY details. Your payment will take 1–3 business days to be processed.

For more information about the administration of University of Melbourne student loans, please see the Student Loans, Fees and Charges Policy (MPF1325).

The maximum amount you can borrow is $5,000, depending on your guarantor:

• If your guarantor is not an Australian permanent resident/citizen, or is not living in Australia, you can borrow up to $3,000.
• If your guarantor is an Australian permanent resident/citizen and lives in Australia, you can borrow up to $5,000.

• If you are not an Australian citizen, or do not have permanent residency status, or if your guarantor is residing overseas, you must repay the loan before course completion.
• If you are an Australian citizen or permanent resident, you can repay the loan after course completion.

Loan repayments are made via BPAY. They can be made in full or by instalments to the University’s Finance Department. Refer to your student loan invoice or statement for BPAY details. Your payment will take 1–3 business days to be processed.

For more information about the administration of University of Melbourne student loans, please see the Student Loans, Fees and Charges Policy (MPF1325).

Applications are assessed by the Loan Approval Group. Loans will only be approved for course-related expenses (excludes tuition fees) such as IT equipment, texts, and/or living expenses such as paying your bond, rent and bills. You will be emailed the outcome of your application within five working days of submission.

If your application for a long-term loan is approved, you will be emailed your loan contracts with instructions on how to complete and return the required paperwork. Once received, payment will be made to your nominated bank account.

If your application is not approved and you wish to appeal the decision, please email student-loans@unimelb.edu.au outlining the reasons for your appeal. You will be contacted within five working days of the outcome.