Short-term loan 2026

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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
  • Enrolled in a Community Access Program or a cross-institutional study
  • Residing overseas (except for outbound Study Abroad and Exchange students)
  • Under 18 years of age

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).

How much can I borrow?

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

How do I apply?

  1. Submit an application and follow the instructions on the online form
  2. You will need a copy of your student ID card. 

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.

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).