Centrelink Friendly* Car Loans up to $75,000

  • 100% Centrelink Friendly Loans*
  • Used Cars and Other Vehicles OK
  • Private Sale or Dealerships OK
  • Bad Credit History Considered1
  • No Deposit Necessary!
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
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We'll Give You a Fair Go!

What People Are Saying About Money3

Affordable car loans to suit your finances

If you're receiving benefit payments, we'll tailor your car loan to your budget with affordable monthly payments.

woman in white top and smiling

Car Loan Options on Centrelink* with Money3

Money3 could be the key to getting your car loan, when receiving Centrelink payments*, approved. Whether part or all of your income is from benefits, we'll give you a fair go1 and increase your chances of getting a car loan when looking over your application.

The easiest way to get started, is to complete the short form above and let us know a bit more about your income and expenses. This is so we can put together a loan offer that is suitable and affordable to you in your current situation1.

We'll let you know how much you could afford to borrow based on your income, expenses and affordability, as well as an indication of what your weekly or fortnightly repayments would be, to put you right in the driving seat.

With Money3, we'll let you know how much you could borrow by giving you a loan pre-approval offer. This will allow you to go out and start looking for your next vehicle.

Used or second hand vehicles are a very common car loan option when on Centrelink for customers. You could start looking online or by visiting your local used car dealerships when you have your pre-approval.

All vehicle types are considered with our vehicle finance on benefits, so we are happy to finance cars, motorbikes, caravans or even other vehicle types, such as boats or minibuses.

 

1. Subject to verification, suitability and affordability
3. Vehicle loans up to $75,000 with Centrelink income less than 50% of your total income.
4. The maximum vehicle loan with 100% of your income from Centrelink is $10,000 for first time customers.
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Getting a car on benefits is possible with Money3

If you've been refused by other lenders, buying a vehicle may appear out of reach. However, at Money3, we have helped many Australians with a Centrelink* income get on the road in their new vehicles. Even those with bad credit!

Car Keys
  • 01.
    Submit your pre-approval request online

    Apply online with easy retrieval of your bank statements digitally. The whole application process should only take around 5 minutes.

  • 02.
    We’ll review and get in touch

    Once you have passed our automated qualifying checks, we will review your car loan application, to see how we can help you. We'll reach out via phone or email with next steps to clarify how much you could borrow with a pre-approval loan offer.

  • 03.
    Pick your car, motorbike or other vehicle

    Either from a dealership or via a private sale — tell us what you'd like to buy, within budget. We will review your request again and if all looks good, we can proceed to purchase.

  • 04.
    Drive away

    We'll send you a copy of your loan contact to sign. Once signed, you could be driving away in your next car in 24 to 48 hours.

Let’s get you behind the wheel!

1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Car Keys

Find a car loan to suit your needs

Everyone's personal circumstances look different, we'll work together to provide you with the most affordable car loan.

100% online

With easy bank statement retrieval of your documents, you can apply online in just 5-10 minutes.

Get up to $75,000

We'll match you with the right car loan to suit your income, benefits and affordability.

Drive away in 48 hrs

Once you're approved and have signed your contract, we can organise payment to the vendor within 48 hours.

What Car Finance Services on Centrelink* Do We Offer?

Money3 is a licensed credit provider operating under an Australian credit licence. As part of our initiative to give all Australians a fair go at obtaining a loan while on a Centrelink car allowance*1. Our car finance services on benefits are available all across the country.

Our services include:

  • Car Finance in NSW 
  • Car Finance in QLD
  • Brisbane Car Finance
  • Perth Car Finance
  • Car Finance Options in Melbourne

Who can apply for car finance on benefits ?

To qualify with us, you must:

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over $480 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Bank Account
  • Be Employed or Receiving Centrelink payments1

As a responsible lender, how much you could borrow with us will be based on how much you can comfortably and affordably repay within the loan term1.

We can accommodate people receiving Centrelink payments and offer car finance loans1.

Getting Pre-Approved for Car Finance Receiving Benefits

Before you go out and start looking for a new or used car, it is important to know how much money you can afford to spend on your next vehicle. It can be very frustrating and disappointing to fall in love with a vehicle, only to find out later, when looking for a loan that the vehicle is too expensive and that you won't be able to finance the vehicle.

Your pre-approval loan offer with Money3, gives you a clear indication of what you can afford to borrow and that all you need to do is find a suitable vehicle, within the loan offer range.

By having a pre-approval loan offer, you'll know which vehicles could be suitable for your budget. Once you have settled on a vehicle that you'd like to purchase, we can then step in and quickly finance the deal, providing everything about the vehicle checks out1.

 

1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Need something else? Find finance for vans, scooters and more.

If it's not a car that you're looking for, but another mode of transport - we'll get you where you need to go.

Example Centrelink Friendly Car Loans* Costs Chart

BorrowCostsRepay
$5,000$1,909$6,909
24 months at 13.95% APR & 34.16% Comparison Rate
$10,000$6,925$16,925
48 months at 13.95% APR & 29.11% Comparison Rate
$25,000$14,850$39,850
60 months at 13.95% APR & 20.38% Comparison Rate
$50,000$30,285$80,285
72 months at 13.95% APR & 17.23% Comparison Rate
$75,000$42,219$117,219
72 months at 13.95% APR & 16.15% Comparison Rate

EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,935.15 and a total repayment of $6,935.15. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.58%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.

FAQs for Car Loans on Centrelink

A Centrelink friendly car loan* is offered to customers who get all or most of their income via government benefits. Many lenders will not be willing to finance a car loan to customers whose income is only via benefits.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving benefit payments. We consider all types of income, whether from employment or benefit payments when assessing your loan application. This is because your Centrelink payments may qualify as income. Your car finance application could be approved with Money3- fast! 

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving benefit payments.

The application process for Centrelink car loans* is quick and simple, as the information you need to complete your application should be easily on hand. You'll need to confirm your contact details, address, employment details and regular expenses.

You can also verify your driving licence, which will help speed up your application. After that, due to responsible lending concerns, we require 90 days bank statements which can be given securely online in a few minutes. These details are necessary for your car loan on Centrelink.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving government benefits and payments.

As the car or vehicle, you will be buying with your car loan from Money3 is used as security for your loan, no other security is required. And so, Money3’s car loans are considered secured car loans.

If your regular income is a mix of earnings from employment, plus government payments, then the maximum you could borrow could be up to $75,000 depending on your affordability1. If your income is over 50% and up to 100% from benefits, then the maximum we could finance would be up to $10,000 for first time customers. You can use a car loan calculator or our comparison chart above to assess your potential loan amounts.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer car loans to customers receiving benefit payments.

Yes, it is possible for existing customers with 100% income from benefit payments* to borrow more than 4. The maximum vehicle loan with 100% of your income from Centrelink is $10,000 for first time customers., although your repayment history, personal circumstances and loan affordability will be taken into consideration1.

As licensed credit providers operating under an Australian credit licence, Money3 specialises in providing many Australians with flexible finance options. The whole process is transparent, from comparison rates to the pre-approval loan process to your loan contract with us1.

Note that Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving benefit payments.

Unfortunately, we are unable to consider income from temporary assistance programs such as youth allowance, abstudy and austudy in the context of our Centrelink friendly car loans. You cannot make a car loan application if youth allowance payments are your primary source of income.

Yes, if you are unemployed, you may be able to get a car on finance depending on your income from government payments* and the affordability of the loan1. Receiving benefit payments of a certain type such as single parent payments may influence your ability to get a car on finance. No matter your personal circumstances1, our team at Money3 are dedicated to giving you a fair go at loaning a car outright.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer car loans to customers receiving a range of benefits.

No you won't have to. If you have saved a deposit, great, that can be used together with your loan from Money3, but it is not necessary to have one.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving Services Australia payments.

No you don't. However, where you choose to find your vehicle is up to you. Dealerships and private sales are fine.

Yes, that is also possible.

Complete the application as a single applicant and let us know that you'd like to make a joint application. The amount you could borrow with a joint application may be higher1.

Yes, it is1. We will look at your current financial situation and your affordability when reviewing your application for finance. At Money3, we are specialists in assisting people with irregular financial circumstances and will give you a fair go when applying for a car loan. This may apply to people with a bad credit history and would like bad credit car loans when receiving benefits. See Pensioner Car Loans for more details regarding a car loans when on government benefits (including pension).

Yes, you could1. With Money3 we will consider most government benefits as income, when looking at the affordability of your loan. See our loans on Centrelink benefits* page to learn more.

1. Subject to verification, suitability and affordability
3. Vehicle loans up to $75,000 with Centrelink income less than 50% of your total income.
4. The maximum vehicle loan with 100% of your income from Centrelink is $10,000 for first time customers.
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments