Centrelink Friendly Loans*

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 Income* Considered1
  • Bad Credit Considered1
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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Loans on Centrelink Benefits*

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

Getting a loan when on benefits 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 when receiving benefits, as well as loans towards anniversaries, birthdays or other celebrations.

Whether your income is 100% from government 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 when on Centrelink*, then your weekly income must be over $480 a week to qualify1.

We will consider the following 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

* When accompanied by Family Benefits (A & B) or when as a low income supplement.

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

We'll Give You a Fair Go!

Your income from benefits is counted towards your loan affordability with Money3.

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FAQs for Loans on Centrelink Benefits*

A Centrelink friendly loan is a personal loan to suit people who are receiving government benefits via Services Australia. Many lenders will only consider income from earnings and often disregard income from benefits. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving payments or benefits from Services Australia. We will consider your income from earnings and benefits when assessing your loan application.

The maximum we could lend someone who receives 100% of their income from 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. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving benefits.

Also see Centrelink Friendly Car Loans

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

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

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

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

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.

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.

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

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

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

Yes, it is possible1. The maximum you could borrow for a car loan or other vehicle on Centrelink* is $75,000. However, if 100% of your income is from benefits, then the maximum you could borrow is $30,000.

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

Please see Car Loans on Centrelink* for more information or to get started.

Yes, it is possible1 to get cash loans up to $30,000 when receiving government benefits.

We will need to confirm the loan purpose (what the cash loan is to be used for) and that the loan is affordable for you, over the loan term. Your benefit payments will be considered as income, along with any other income sources, you may have.

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

Example Benefits Friendly Loans* Costs Chart

BorrowCostsRepay
$5,000$2,110$7,110
24 months at 16.95% APR & 37.39% Comparison Rate
$7,500$5,042$12,542
36 months at 16.95% APR & 37.39% Comparison Rate
$10,000$6,427$16,247
48 months at 16.95% APR & 35.44% Comparison Rate

EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
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.

Where next?

Customers who have viewed this page and shown an interest in loans on benefits, have also visited the following pages:

* 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