27/08/2025
Got a HECS debt? That doesnât mean youâre out of the game.
Lenders donât ignore it...but itâs not a dealbreaker either.
Hereâs how it works:
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Most lenders donât care if your HECS is $5K or $50K. What they care about is the repayment showing on your income.
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If you earn over the threshold, youâre making repayments, and lenders count that as part of your monthly commitments (just like a car loan or credit card).
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Because part of your income is going toward HECS, the bank might offer you a slightly smaller loan than someone earning the same amount with no HECS. But it doesnât mean you wonât qualify.
The key? Be upfront about it, and build your application around your full financial picture.
Send us a message if you need help figuring out where you stand.
