Loans on Centrelink

The maximum we could lend with 100% Centrelink income is $10,000.
With security on your personal loan, you could borrow up to $30,0001

  • Personal Loans
  • Secured Vehicle Loans
  • Centrelink Considered1
  • Bad Credit Considered1
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What Our Customers are Saying About Money3 Loans

Loans on Centrelink Benefits

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

Getting a loan on Centrelink may help in a number of circumstances, from managing unexpected one off expenses from car repairs, medical or vet bills, to assistance providing a bond or moving costs towards a new rental property. Travel and holiday loans are also available on Centrelink, as well as loans towards anniversaries, birthdays or other celebrations.

Whether your income is 100% from Centrelink benefits or a mix of earnings and benefits, your combined or total income must be over $2,080 a month in order to qualify.

  • Be Over 18 Years Old
  • Take Home Income (with benefits) over $480 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Account

If you are looking for a secured loan on Centrelink, then your weekly income must be over $480 a week to qualify1.

We will consider the following Centrelink benefits:

  • Single Parent Payment
  • Aged Pension
  • Child Care Benefit
  • Mobility Allowance
  • Centrelink Pensions
  • Disability Support Pension
  • Carers Payment Pension
  • Veterans Affairs Pension
  • Totally & Permanently Incapacitated Pension (T&PI)
  • Partnered Parent Payment
  • Jobseeker Payment*

Unfortunately, we are unable to consider the following benefits:

  • Youth Allowance
  • Abstudy
  • Austudy
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Loans on Centrelink up to $30,000

Example Loans on Centrelink Costs Chart

16.95% APR
22.95% APR
24.95% APR
Borrow Costs Repay
$5,000 $2,110 $7,110
24 Months at 16.95% APR & 37.39% Comparison Rate
$7,500 $5,042 $12,542
24 Months at 16.95% APR & 37.79% Comparison Rate
$10,000 $6,247 $16,247
36 Months at 16.95% APR & 35.44% Comparison Rate
Borrow Costs Repay
$5,000 $2,521 $7,521
24 Months at 22.95% APR & 43.88% Comparison Rate
$7,500 $6,017 $13,517
24 Months at 22.95% APR & 44.03% Comparison Rate
$10,000 $7,534 $17,534
36 Months at 22.95% APR & 41.71% Comparison Rate
Borrow Costs Repay
$5,000 $2,661 $7,661
24 Months at 28.00% APR & 46.04% Comparison Rate
$7,500 $6,352 $13,852
24 Months at 28.00% APR & 46.12% Comparison Rate
$10,000 $7,977 $17,977
36 Months at 28.00% APR & 43.82% Comparison Rate

Common Questions & Answers

What is a Centrelink Focused Loan?

A Centrelink focused 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 $10,0001. 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. Also see Car Loans on Centrelink

Are all Centrelink benefits considered?

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

Do you offer loans for pensioners on Centrelink?

The good news is yes we do1 offer flexible loans to pensioners on Centrelink.

What documents or details do I need when I apply?

The application process is quick and simple, so 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. After that, due to responsible lending concerns, we require 90 days bank statements which can be given securely online in a few minutes.

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.

Can I get a loan when on Jobseeker benefits?

Yes, it is possible, when accompanied with Family Benefits (A & B) or when as a low income supplement.

Can I get a car loan on Centrelink?

Yes, it is possible1. The maximum you could borrow on Centrelink for a car loan or other vehicle on Centrelink is $75,000. However if 100% of your income is from Centrelink, then the maximum you could borrow is $30,000. Please see Car Loans on Centrelink for more information or to get started.

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