Get a car loan up to $75,000 if your Centrelink payments make up less than 50% of your total income1. First-time customers could access up to $10,000 if 100% of their income comes from Centrelink payments1.
Money3’s Centrelink focused car loans could be key to helping you finance a new vehicle. We’ll give you a fair go and consider your application whether all or part of your regular income comes from Centrelink1.
Get started by completing the short form above and providing us with some basic details about you and your financial circumstances. Our team will work with you to provide a car loan offer that’s reasonable and affordable for you.
We’ll make sure you know how much you’ll be able to borrow and what your repayments will be before you continue with the loan. We can then provide you with a loan pre-approval offer that you can use to shop for a new car, motorbike, truck, caravan, or any other type of vehicle.
1. Subject to verification, suitability and affordability
It can be very frustrating to find a vehicle you like, only to discover later that you can’t afford to purchase it. A pre-approval offer from Money3 gives you a clear indication of what vehicles are affordable. We’ll let you know the amount you would be eligible to borrow, allowing you to confidently look for a new or used car that you know is within your price range.
Once you find a suitable vehicle, Money3 can step in and finance the purchase, as long as everything about the vehicle checks out1.
1. Subject to verification, suitability and affordability
Money3 may be able to provide car loans on Centrelink to those receiving benefits such as centrelinki pensions, parenting payments and family tax benefit payments1. We are committed to responsible lending, which means that we will only provide you with a car loan if it is suitable and affordable based on your financial circumstances.
To be eligible for a car loan from Money3, you must:
Complete the short form at the top of the page or click the button below to get started. To get started, all we need are a few basic details, and you'll be on your way. You can continue to complete your application online, or if you prefer, you can resume it later from our reminder emails which allow you to jump right in, where you left off.
1. Subject to verification, suitability and affordability
| 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 | ||
|
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. |
||
| 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 | ||
|
EXAMPLE: A silver unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,520.67 and a total repayment of $7520.67. 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 22.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 43.88%.
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.> |
||
| 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 | ||
|
EXAMPLE: A bronze unsecured personal loan of "5,000 for 24 months has fees and charges totalling 2,660.80 and a total repayment of $7,660.80. 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 24.95%. The Comparison Rate, based on a loan of $10,000 over three 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. |
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Vehicle Finance
Cars
Motorbikes
Used Cars
Campervans
Vans
Minibuses
Caravans
Trailers
Boats
Jet Skis
Trucks
Ride on Mowers
Car finance is offered to customers who get some or all their regular funds from Centrelink payments. Many lenders can be unwilling to finance car loans to people receiving Centrelink benefits. Luckily, Money3 will consider all sources of income when reviewing loan applications. Whether you receive some or all your income from Centrelink payments, Money3 could approve your application for a car loan1.
No, sorry. Money3 will consider all Centrelink benefits except for Abstudy, Austudy and Youth Allowance payments.
You could borrow up to $75,000 with Centrelink income and earnings from employment, depending on affordability1. If you’re a first-time customer and your total income is over 50% and up to 100% from Centrelink, the maximum amount Money3 could finance would be $10,000.
Yes, if you are a current or existing customer with most of your income from Centrelink, you can borrow more than $10,000. The affordability of the loan and your repayment history will be considered before you can be approved1.
Your monthly, weekly or fortnightly repayments will depend on the amount you borrow and the length of the loan term. Use our car loan calculator to quickly estimate what your repayments could be for different loan amounts.
Money3 has a quick and straightforward application process, so all the information you need to start your application should be easy to find. We will need confirmation of your contact details, address, and a breakdown of your employment and regular expenses (like rental bills). You can speed up the process by confirming your driver’s license. Once we have this information, due to responsible lending obligations, we will need 90 days of bank statements which you can provide easily and securely online in a few minutes.
No. The vehicle you purchase will act as security for the car loan, so you don’t need to provide any other collateral.
No, a deposit is not a requirement. However, having money saved up and combining it with a loan from Money3 could enable you to get a higher value vehicle.
No, Money3 has no restrictions on how you choose to find a vehicle. Dealerships and private sales are OK.
Yes, it is possible. Complete your application the same way you would as a single applicant, and then let us know that you’d like to make it a joint application. A joint application could enable you to borrow more1.
Yes, you could1. Money3 will examine your financial situation and determine whether the car loan is affordable for you. We specialise in providing flexible finance options to Centrelink customers and others with irregular financial circumstances. We’ll give you a fair go no matter where your income comes from or whether you have a bad credit history1. Find more information about Pensioner Car Loans.
Money3 believes in a fair go for everyone who wants to apply for finance. We take a flexible approach to lending that enables us to provide loans to people that are typically refused finance by other lenders. We consider the entirety of a customer’s financial circumstances when they apply and won’t reject them solely because they receive government benefits or have a low credit score.
Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 067.
1. Subject to verification, suitability and affordability
Customers who have viewed this page and shown an interest in perth car finance on centrelink, have also visited the following pages:
Car Loans on CentrelinkSingle Parent Car LoansSecond Chance Car LoansPensioner Car LoansBad Credit LoansQLD Car Loans on CentrelinkBad Credit Car Loans Perth
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ABN 36 108 979 406 / Australian Credit Licence 389 067
Call us on 1300 014 870.
