Loans for people on Centrelink

        Loans for people on Centrelink in Australia

It can be daunting to think of trying to find a loan when your main source of income is Centrelink, but it's important to know that there are actually a number of affordable finance options available.

$1,900
Loan amount $500 - $1,900
Interest 4 %
Maturity 3 - 12 months

Fast information

Properties of this loan

  • Online loans up to $1 900
  • Term 3 - 12 months

Loan requirements

  • You must be over 18 years old
  • An Australian citizen or Australian permanent resident and have a regular income
  • You will also need your own email address and mobile phone number

About company

More information about the company Ferratum Australia Pty Ltd.

Borrow from $500 with interest from the 4 % Moread
$15,000
Loan amount $3,000 - $15,000
Interest 43 %
Maturity 1 - 5 years

Fast information

Properties of this loan

  • Online loans up to $15 000
  • Term 1 - 5 years

Loan requirements

  • At ClearLoans, we do not judge you based on your credit score.
  • All we require is that our borrowers are Australian residents aged 18-75
  • Not on an active bankruptcy, not on an active or terminated Part IX Debt Agreement (or equivalent)
  • Be able to comfortably afford the repayments
  • You will also need a friend or family member who trusts you to be your guarantor

About company

More information about the company Membo Finance Pty Ltd

Borrow from $3,000 with interest from the 43 % Moread
$10,000
Loan amount $300 - $10,000
Interest 12 %
Maturity 1 - 2 years

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 1 - 2 years

Loan requirements

  • Be over 18 years of age
  • Receive a regular income
  • Have a direct contact number

About company

More information about the company Jacaranda Finance Pty Ltd

Borrow from $300 with interest from the 12 % Moread
$2,000
Loan amount $100 - $2,000
Interest 24 %
Maturity 1 - 3 months

Fast information

Properties of this loan

  • Online loans up to $2 000
  • Term 1 - 3 months
  • Easy online application

Loan requirements

  • You need to be at least 18 years old to apply for a loan
  • Valid mobile number and email address

About company

More information about the company Venture 5 Group Pty Ltd

Borrow from $100 with interest from the 24 % Moread
$15,000
Loan amount $500 - $15,000
Interest 4 %
Maturity 3 - 24 months

Fast information

Properties of this loan

  • Online loans up to $15 000
  • Term 3 - 24 months
  • Easy online application

Loan requirements

  • Cashify Personal Loans from $500.00 – $2,000.00: Maximum Monthly Interest Rate is 4%. Maximum Annual Percentage Rate (APR) is 48%. The Establishment Fee is 20% of the loan amount borrowed. Other fees may apply. Please refer to your loan contract for all fees, interest, and terms and conditions. Minimum loan contracts are generally 90 days with most loan contracts between 90 to 365 days. For example, a loan of $500.00 repaid over 3 months equates to a total amount payable of $702.00 comprised of $500.00 principal (amount borrowed), $100.00 Establishment Fee, $72.00 in interest and $30.00 in monthly account fees.

About company

More information about the company Cash Supply Pty Ltd

Borrow from $500 with interest from the 4 % Moread
$10,000
Loan amount $500 - $10,000
Interest 48 %
Maturity 1 - 36 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 1 - 36 months

Loan requirements

  • Be a Permanent Resident
  • Be aged 18 years or over
  • Be employed and get paid into your bank account
  • Have a reasonable credit history
  • Earn at least $600 a month

About company

More information about the company IPF Digital Australia Pty Ltd.

Borrow from $500 with interest from the 48 % Moread

        Loans for people on Centrelink in Australia

Can you get a loan if you are on Centrelink?

While Centrelink is not accepted as a primary source of income for most lenders, it is still possible to find a lender for when you really need a loan. There are a number of very affordable loan options for varying circumstances.

If the above options aren't appropriate for your circumstances, there are more expensive lenders who will accept applicants on Centrelink.

How much can I borrow?

Of the cheaper options, the StepUP loan of $3,000 provides the highest loan amount but this is to be used for essential goods and services. Cash Converters can provide a higher amount of up to $5,000 but is more costly. for amounts over $2,000 they charge a $400 establishment fee and 48% interest per annum. Their loans of up to $2,000 have the fee structure of payday loans with a 20% establishment fee and 4% monthly fee.

It is possible to get a loan of up to $10,000 with Centrelink income but this relies heavily on your personal circumstances. There are some non-bank lenders who will lend higher amounts if their assessment shows you are able to afford to borrow a higher amount.


Loans for people on Centrelink in Australia rating: 4.5/5 from 21 votes.

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