Study & Business Lending
The Purpose of Your Student Study Loan
Study loans or student loans for this purpose are commercial loans to help you run a better business; study loans of this nature can be a sound investment, as you are investing your new skills in your business. If you are starting a training course to help you begin a small or micro business, or do a better job within your existing business, your goal will be to earn money as an independent business owner, while studying to obtain the skills to help you earn more or do a better job.
The online training courses of our partners are suited to people who are inexperienced in the work place, or who are seeking to get back into the workforce or up-skill and improve their skills in business, or the results of their business.
Interest-free lending for student study loans
Interest is normally paid by the individual who borrows money; however with a student loan, sometimes the interest fee can be paid by the course provider as an incentive. This concept is common amongst lenders for many of the items you buy from retail chains across Australia, and is often applied internationally as well.
Pay for your training course as you use it
A great aspect of student and study loans, particularly relating to vocational courses which can help you start and grow a business, is that these loans enable you to better manage your cashflow, thereby keeping your business running, while paying for the course as you progress.
Criteria for applying for student study loans
You must be using the study or student loan with an Approved Course which help you start or grow your own business, be over 18 and be an Australian resident. You must have a source of income and for business startup payment plans you must either already have an ABN or set up your Australian Business Number (ABN) within 30 days of signing up.
How to enrol into a course for $25 per week
All online training courses in Xero Accounting, QuickBooks Online, MYOB AccountRight and MYOB Essentials and Microsoft Office which are available on the $25 per week payment plan will feature a link just above the Add to Cart button.
- Click on the “Enrol Now for $25 per week” link and you will be taken to the Payment Plan Signup Page for that course.
- Confirm your payment frequency and review the upfront payments, regular payments and total number of repayments
- Follow the procedures on that page as it allows DebitSuccess to manage the financial side of your enrolment
- Complete all the details and payment method and submit
- Wait for a confirmation message
- Please note that your enrolment will be processed when we get a financial confirmation from DebitSuccess
If you use a bank account as your payment method it may take longer to complete your enrolment because of the number of days it takes for your initial payment to clear. The full amount on payment plans reflects the full price of the course and you may save money and be able to start quicker if you make an immediate payment using your credit card or PayPal.