Financial aid short-term loans 2025

Fill Out
Now
This is a preview of the Short-term loan application v1 form. When you’re ready to apply, click Fill Out Now to begin.
 

SHORT-TERM LOAN

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 (excluding tuition fees) such as IT equipment, course equipment, texts; and/or
  • Living expenses such as bond, rent, or bills.

Eligibility

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 a cross-institutional study
  • Residing overseas (unless on an approved outbound Study Abroad or Exchange)
  • Under 18 years of age

How much can I borrow?

The maximum amount available to borrow is $1,000.

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.

How do I apply?

Complete the form below and submit a copy of your current Student ID card. 

What happens next?

 

If your application for a loan is approved, you will be emailed your loan details with instructions on how to accept the loan. 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 submission.

 

Still not sure?

Please email Financial Aid at student-loans@unimelb.edu.au.