Personal loans student discounts: what’s on offer?

Elizabeth Barry 8 February 2017 NEWS

finding student discounts

Why pay more for finance than you need to?

With the new university year about to begin, students are now putting together their budgets and hunting down every possible savings strategy.

Student discounts at movie theatres, clothing stores, cafes and restaurants are the saviour of money cash-strapped students. But did you know these discounts extend beyond ASOS and smashed avo on toast? Banks are helping students that need finance for their first car, holiday or Ikea furniture by offering student-exclusive discounts on their personal loans.

Here are the personal loan student discounts you can take advantage of in 2017:

What other banking discounts can students take advantage of?

  • Student accounts. Banks often waive fees for student transaction and savings accounts. You usually just need to show the bank your student ID card to be eligible.
  • Student credit cards. You may be able to take advantage of waived annual fees, lower credit limits and lower interest rates on student credit cards from providers. You may need to hold an account at the bank to be eligible.
  • Student travel money. Banks and other providers offering travel money cards may waive fees if you're a full-time tertiary student.

What to consider before you apply:

Just because a discount is available doesn't mean you necessarily should take advantage of it. Decide whether a personal loan is your best and most affordable source of credit and work out whether you can budget for the repayments.

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