Low rate finance for school fees

Reduce the stress of paying for school fees with a RateSetter low rate personal loan. Borrow from $2,001 up to $35,000.

RateSetter wins Canstar & Mozo awards

A smarter way to handle school fees

RateSetter offers a convenient and affordable way to spread the cost of private school fees. Apply online rate, pay monthly, repay early without penalties.

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Takes 1 minute and won't affect your credit score

Turn annual and term school fees into small monthly repayments

Private school fees can be very burdensome on the family budget. A RateSetter low rate personal loan is a smart way to spread the cost of the school fees.

  • Low interest rates

    We reward good borrowers with low rates

  • Flexible loan options

    Secured and unsecured personal loans from $2,001 to $45,000, from 6 months to 5 years

  • Simply smarter

    No exit fees, no early repayment penalties, and easy online loan management

  • Fast online application

    No obligation 1 minute RateEstimate, and online application completed in minutes.

School fees paid in 48 hours

Save time before applying by making sure:

  • You are aged 21 or over
  • You are an Australian citizen or permanent resident
  • You have a regular source of income
  • You have a good credit history

Get a RateEstimate now
  1. 1

    Apply online 5 minutes

    Find your personalised rate with our 1 minute RateEstimate (it won't affect your credit score), then complete our easy online application in minutes
  2. 2

    Hear from us 2 hours

  3. 3

    Get a decision 24 hours

  4. 4

    Receive your funds 48 hours

Helping Australian families finance education


Value of loans funded

15,000+ delighted borrowers

Australia's top rated personal loans

RateSetter personal loans are rated 4.8 / 5 by actual borrowers on independent review website ProductReview.com.au. RateSetter has the highest rated personal loan in Australia.

RateSetter wins Canstar and Mozo awards

"The application was so simple, and I believe the lowest interest rate around at least 5% lower than the Banks. Communication was excellent and it was all over and done with so quickly."

Paul Southport, QLD

"The service was fantastic, taking the time to check out and understand my working arrangements, whereas others had dismissed me outright because it was too hard. Also gave me a rate more than 5% lower than other competitors!"

Daryl Melbourne

"Fast, efficient and by far the lowest interest rate you will find anywhere, I'll never loan with banks again. The service was really good, the website is easy to use, just shows how simple the process can be."

Colleen Perth
Sydney Morning Herald - Borrowers

"Watch out big banks, here comes RateSetter"

News - Borrowers

"RateSetter may be about to revolutionise the unsecured credit sector in the same way Aussie and Wizard rocked the mortgage market in the 1990s"


Frequently asked questions

Ready to take care of the school fees?

Get a RateEstimate now

RateSetter personal loan repayment terms range from 6 months to 5 years. Interest rates range from 3.7% (comparison rate 10.01%) to 9.6% (comparison rate 11.45%), subject to change depending on the rates offered by lenders in our Lending Markets. 

* Representative example: For a 36 month, $10,000 loan for a borrower with a good credit history at a comparison rate of 10.2% p.a., the estimated total amount payable including fees is $11,650 (interest payable is $1,412). 

Rates stated as at 9:00 AM, 18 January 2017 and are subject to change. RateSetter credit criteria and terms and conditions apply. 

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