Short-term loans

Short-term loans are useful for immediate cash flow problems, when other sources of financial support are not available or limited.

This interest free student loan will only be approved for:

  • Course-related expenses such as travel, equipment, texts; and/or
  • Living expenses such as bond, rent, or bills.


To be eligible to apply for a student loan, you must have a current enrolment at the University of Melbourne.

You cannot apply for a loan if you are:

  • On a Leave of Absence
  • Undertaking a Community Access Program or cross-institutional study.

How much can I borrow?

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

When do I have to repay the loan?

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).

Loan repayments are made via BPay. They can be made in full or by instalments to the University’s Finance Department.

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

How do I apply?

  1. Download the short-term loan application to your computer.
  2. Complete and save the form. Check the completed form to ensure all the required information is present and correct.
  3. Email the completed application form and a copy of your student ID to

What happens next?

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.

Still not sure?

If you want to discuss whether a short-term loan is right for you, or you want to explore other options for financial support, please book an appointment with a Financial Aid Adviser.