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Centrelink Loans1

The maximum we could lend with 100% Centrelink income is $5,000.
With security on your personal loan, you could borrow up to $12,0001

  • Personal Loans
  • Secured Vehicle Loans
  • Centrelink Considered1
  • Bad Credit Considered1
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Loans for People Receiving Centrelink Benefits

If you are receiving Centrelink and looking for a loan, then Money3 may be able to help.

Whether your income is 100% from Centrelink benefits or a mix of earnings and benefits, your income must be over $1,600 a month in order to qualify.

If you are looking for a secured loan on Centrelink, then your weekly income must be over $400 a week to qualify1.

We will consider the following Centrelink benefits:

Unfortunately, we are unable to consider the following benefits:

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Centrelink Loans up to $12,000

Common Questions

What is a Centrelink loan?

A Centrelink loan is a personal loan to suit people who are receiving Centrelink benefits. Many lenders will only consider income from earnings and often disregard income from benefits. Money3 will consider your income from earnings and benefits when assessing your loan application.

How much could I borrow with 100% Centrelink benefits income?

The maximum we could lend someone who receives 100% of their income from Centrelink benefits is $5,0001. A higher loan amount is possible, if the borrower has an asset such as a vehicle that could be used as security against the loan.

Are all Centrelink benefits considered?

No, most are considered but not all. We are unable to lend against Newstart Alowance or Youth Allowance.

Can I get a loan on Centrelink with bad credit?

Yes, you could1. Money3 likes to give everyone a fair go, so we will look at your application afresh, taking into consideration your current financial situation and your ability to repay your loan.

Example Centrelink Loans Costs Chart

Borrow Costs Repay
$2,500 $1,310 $3,810
$3,000 $1,573 $4,573
$4,000 $2,097 $6,097
$5,000 $2,621 $7,621
$6,000 $3,145 $9,145
$7,000 $3,669 $10,669
$8,000 $4,193 $12,193

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