Car loans up to $75,000 with Centrelink income less than 50% of your total income.
The maximum car loan with 100% of your income from Centrelink is $10,000 for first time customers.
Money3 could be the key to getting your car loan on Centrelink approved. Whether part or all of your income is from Centrelink payments, 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 very common for our car loan on Centrelink customers and you could start looking online or by visiting your local used car dealerships.
All vehicle types are considered with our Centrelink vehicle finance options, so we are happy to finance cars, motorbikes, caravans or even other vehicle types, such as boats or minibusses.
1. Subject to verification, suitability and affordability
2. Car loans up to $75,000 with Centrelink income less than 50% of your total income.
3. The maximum car loan with 100% of your income from Centrelink is $10,000 for first time customers.
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 allowance1, our Centrelink car finance services are available all across the country.
Our services include:
To qualify with us, you must:
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.
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
At Money3, we aim to give everyone a fair go at obtaining car finance. Whether you receive Centrelink payments or have a bad credit score, we’ll thoroughly assess your loan application based on your current financial status. You could get a car loan while on Centrelink with Money31.
Money3 has flexible lending approach to give applicants a fair chance at obtaining a loan. We disclose our costs and charges upfront so that you can review and agree your loan conditions before signing a contract.
We are known for the friendly, knowledgeable and attentive care we provide to all our customers. From guiding you through the online application process to planning a realistic budget for your repayments, our helpful team ensures that your experience with us is a positive and stress-free one.
Our application is quick and simple, taking no more than 10 minutes to complete online. We work to get your loan approved as quickly as possible and settle on a loan amount suitable to your needs1.
You can trust Money3 to provide you with a car loan on Centrelink tailored to your financial circumstances. We are a responsible lender offering a wide selection of loans and finance options. We are highly rated lenders with a proven track record.
Learn more about why you should why you should choose Money3.
Money3 provides affordable car loans dedicated to single parents. If you’re a single parent on a pension, you may be eligible for a single parent car loan1. Purchase a reliable car to drive your kids around safely with Money3.
Learn more about Single Parent Car Loans
Money3 may be able to help you where other lenders can’t with our pensioner car loans. From Centrelink payments to disability pension to Family Tax Benefit, you may be eligible for a loan with us even if you are on a government pension1.
Learn more about Pensioner Car Loans
You may obtain car finance with Money3, even if you have a bad credit history1. We thoroughly reviews your current financial circumstances, affordability of the loan and income sources to determine your loan eligibility.
Learn more about Bad Credit Loans
If you’ve been turned away from a loan before, Money3 may give you a second chance. Our second chance car loans provide you with a fair go at obtaining car finance. We will consider your application even if you’re on a pension or have a poor credit score.
Learn more about Second Chance Car Loans
If you’re after a caravan, Money3’s caravan loans may help. We have flexible lending criteria and believe in giving everyone a fair go at obtaining finance. This means that we may consider your caravan loan application, even if you are on Centrelink payments, have a poor credit score or have been turned away by lenders before.
Learn more about Caravan Loans
We lend up to $75,000 for a wide range of vehicles, including used cars. Whether you’re purchasing through a dealership or a private seller, our used car loans have got you covered.
Learn more about Used Car Loans
1. Subject to verification, suitability and affordability
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,909 | $6,909 |
| Platinum secured personal loan for 24 months at 13.95% APR & 34.16% Comparison Rate | ||
| $10,000 | $6,925 | $16,925 |
| Platinum secured personal loan for 48 months at 13.95% APR & 29.11% Comparison Rate | ||
| $25,000 | $14,850 | $39,850 |
| Platinum secured personal loan for 60 months at 13.95% APR & 20.38% Comparison Rate | ||
| $50,000 | $30,285 | $80,285 |
| Platinum secured personal loan for 72 months at 13.95% APR & 17.23% Comparison Rate | ||
| $75,000 | $42,219 | $117,219 |
| Platinum secured personal loan for 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 389 067 |
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| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,313 | $7,313 |
| Silver secured personal loan for 24 months at 19.95% APR & 40.63% Comparison Rate | ||
| $10,000 | $8,676 | $18,676 |
| Silver secured personal loan for 48 months at 19.95% APR & 35.35% Comparison Rate | ||
| $25,000 | $20,883 | $45,883 |
| Silver secured personal loan for 60 months at 19.95% APR & 27.39% Comparison Rate | ||
| $50,000 | $42,963 | $92,963 |
| Silver secured personal loan for 72 months at 19.95% APR & 23.32% Comparison Rate | ||
|
EXAMPLE: A silver secured personal loan of $5,000 for 24 months has fees and charges totalling $2,313.37 and a total repayment of $7,313.37. The Minimum loan term is 24 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 19.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 40.63%.
EXAMPLE: A silver secured personal loan of $25,000 for 60 months has fees and charges totalling $20,883.12 and a total repayment of $45,883.12. 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 19.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 27.39%. 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 389 067 |
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| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,661 | $7,661 |
| Bronze secured personal loan for 24 months at 24.95% APR & 46.04% Comparison Rate | ||
| $10,000 | $10,216 | $20,216 |
| Bronze secured personal loan for 48 months at 24.95% APR & 40.60% Comparison Rate | ||
| $25,000 | $25,625 | $50,625 |
| Bronze secured personal loan for 60 months at 24.95% APR & 32.59% Comparison Rate | ||
| $40,000 | $44,982 | $84,982 |
| Bronze secured personal loan for 72 months at 24.95% APR & 29.27% Comparison Rate | ||
|
EXAMPLE: A bronze secured personal loan of $5,000 for 24 months has fees and charges totalling $2,660.80 and a total repayment of $7,661.80. The Minimum loan term is 24 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 24.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 46.04%.
EXAMPLE: A bronze secured personal loan of $25,000 for 24 months has fees and charges totalling $25,625.34 and a total repayment of $50,625.34. 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 24.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 32.59%. 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 389 067 |
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Centrelink focused car loans are offered to customers who get all or most of their income via Centrelink. Many lenders will not be willing to finance a car loan to customers whose income is only via Centrelink.
The good news is that Money3 considers all types of income, whether from employment or Centrelink payments when assessing your loan application. This is because your Centrelink payments may qualify as income. Your car finance when receiving Centrelink, could be approved with Money31
The application process for Centrelink car finance 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.
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. Hence, Money3's car loans for Centrelink customers are considered secured car loans.
If your regular income is a mix of earnings from employment, plus Centrelink 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 Centrelink 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.
Yes, it is possible for existing customers with 100% income from Centrelink payments to borrow more than $10,000, 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.
Unfortunately, we are unable to consider income from temporary assistance programs such as youth allowance, abstudy and austudy in the context of our car loans on Centrelink. 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 Centrelink payments and the affordability of the loan1. Receiving Centrelink 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.
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.
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 Centrelink1. See Pensioner Car Loans for more details regarding a car loan on Centrelink payments (including pension).
1. Subject to verification, suitability and affordability
2. Car loans up to $75,000 with Centrelink income less than 50% of your total income.
3. The maximum car loan with 100% of your income from Centrelink is $10,000 for first time customers.
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ABN 36 108 979 406 / Australian Credit Licence 389 067
Call us on 1300 014 870.
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