The research goal was to inquire into the effect of online instruction on student learning outcomes and online interaction. The research used a quasi-experimental research design, as well as a structured questionnaire. One experimental group of the finance-banking (N = 139), and one comparison group of the business administration study programme (N = 121) of students at the economic faculty of the university were involved in the research study. The study found a significant positive correlation between online instruction and student learning outcomes. It also found that online instruction is making a substantial positive contribution to the prediction of student learning outcomes. A significant positive correlation between online instruction and online interaction was shown. The study also confirmed that online instruction is making a significant positive contribution to the prediction of online interaction.