Single Parent Loans up to $30,000

Single parent loans up to $10,000 and up to $30,000 with security on your loan1

  • Unsecured Loans up to $10,0001
  • Secured Loans up to $75,0001
  • Centrelink Friendly Loans*
  • Any 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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We'll Give You a Fair Go!

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Single Parent Loans

The good news is that Money3 likes to give everyone a fair go1 - even you!
As a single parent, Money3 will consider your application as long as your income, either from earnings or Centrelink* is $2,0801 a month or more.

Whatever the loan purpose, from emergency repairs, holidays, rental bonds to medical or dental expenses, get started using the form above. For our secured vehicle loans, please see our Single Parent Car Loans page for more details.

To Qualify, 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 single parent, we will consider your application, even if:

  • You are receiving disability or parenting pension payments
  • You have been refused credit elsewhere
  • You have retired and are on a pension
  • You don't have a good credit history
  • You are receiving Centrelink income1

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 Single Parent 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.

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* 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

Single Parent Loan FAQs

A Single Parent Loan is designed specifically to assist single parents by providing them Centrelink friendly* loans. We understand that being a single parent comes with unique challenges, and regular loans might not be accessible for everyone. Unlike traditional loans, our Single Parent Loans aim to be more flexible, giving you a fair go1 even if you have a bad credit history or other issues that might make it challenging to secure a loan elsewhere.

To qualify for a Single Parent Loan1, you need to meet the following criteria:

  • Be an Australian resident
  • Be over 18 years old
  • Have your income paid directly into your bank account
  • Have a take-home income (after tax) or benefits of over $480 per week

This ensures that we can responsibly lend to you while giving you the financial assistance you may need. Even if you have bad credit, we'll give you a fair go.

We understand that life happens, and not everyone has a perfect credit history. While we do take your financial history into consideration, it's not the only factor to qualify for our bad credit loans. We look at your current ability to repay the loan and your overall financial situation. So, a poor credit history won't necessarily disqualify you.

The maximum unsecured personal loan amount depends on your source of income:

  • If you have income as a single parent from Centrelink* and elsewhere1, you can apply for up to $30,000.
  • If 100% of your income comes from Centrelink benefits*, you can apply for up to $10,000.

This allows us to tailor the loan to your specific financial situation and affordability.

Yes, you absolutely have the option for early repayment! And guess what? There are no penalties for doing so. If you find yourself in a position to repay the loan earlier than planned, you can go ahead without worrying about extra charges.

We understand that unexpected situations can arise. If you find that you'll miss a payment or can't make it on time, the best thing to do is to get in touch with us as soon as possible. We'll review your situation and work with you to find a solution that's manageable for you.

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