Pensioner Car Loans up to $50,000

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit Considered1
  • No Deposit OK
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Pensioner Car Loans with Money3

Money3 may be able to help you out with car finance when others can't.

If you are receiving a Centrelink pension, you could be eligible1 to get a car loan with Money3. Our car loans go up to $50,000 and that could be for any vehicle from a motorbike, truck or car to a motorboat or caravan - check out some of the vehicle options below.

Starting the application process is easy, just select the kind of car loan you are looking for and give us a few details. Our friendly team will get back to you as soon as possible.

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Pensioner Car Loans up to $50,000

Am I Eligible For a Pensioner Car Loan?

Your pension counts as a source of income, so the amount you receive can contribute to making loan repayments on a car loan. At Money3, we believe in giving everyone a fair go at securing car finance and will look at your financial situation in its entirety.

Even if you have a poor credit history or have had difficulty making loan repayments in the past, we will still consider your loan application for car finance1. Apply today to start the application process and for loan pre-approval and secure your new or used car.

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Pensioner Car Loans up to $50,000

Which Pensioner Types Are Accepted?

Getting your loan approved1 on a pension may be easier than you think with Money3. As long as you meet our basic criteria and we are happy that the loan is suitable and affordable for you, then we will work with you to get your car (or another vehicle) loan approved as soon as possible.

Some of the pension types we will consider include1:

  • Centrelink Pensions
  • Aged Pension
  • Disability Support Pension
  • Carers Payment Pension
  • Veterans Affairs Pension
  • Totally & Permanently Incapacitated Pension (T&PI)
  • Single Parent Payment
  • Partnered Parent Payment

How It Works

Applying for a car loan with Money3 is a transparent and straightforward process. We'd like to see you driving away with your new car as soon as possible, and we'll happily consider your loan application even if you're on an aged pension, disability support pension, have a bad credit history, or have other circumstances that might cause other lenders not to lend to you.

If you already have a car or other vehicle in mind or are looking to get pre-approved, so you know how much you could borrow first, we'd like to help. With pre-approval for a car loan in hand, you can shop with confidence, knowing what type of vehicle you can afford.

Your loan pre-approval offer is subject to final approval once you have found your new vehicle. If you are on a pension, as long as your income totals $1,8501 a month or more, that you are an Australian resident, then you are likely to qualify1.

You must:

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over $425 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Account
  • Be Employed or Receiving Centrelink payments1

Get started by completing the short form above. Tell us a little about yourself and we'll take it from there and we can give you a call back or you can continue your application, giving us all the information we need to assess your loan pre-approval.

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Pensioner Car Loans up to $50,000

Example Pensioner Car Loans Costs Chart

19.95% APR
25.00% APR
28.00% APR
Borrow Costs Repay
$5,000 $2,211 $7,211
24 Months at 19.95% APR & 35.97% Comparison Rate
$7,500 $3,316 $10,816
24 Months at 19.95% APR & 39.00% Comparison Rate
$10,000 $6,803 $16,803
36 Months at 19.95% APR & 38.18% Comparison Rate
$12,500 $8,252 $20,752
36 Months at 19.95% APR & 37.19% Comparison Rate
$15,000 $9,701 $24,701
36 Months at 19.95% APR & 36.53% Comparison Rate
Borrow Costs Repay
$5,000 $2,557 $7,557
24 Months at 25.00% APR & 44.43% Comparison Rate
$7,500 $3,835 $11,335
24 Months at 25.00% APR & 44.43% Comparison Rate
$10,000 $7,903 $17,903
36 Months at 25.00% APR & 43.47% Comparison Rate
$12,500 $9,627 $22,127
36 Months at 25.00% APR && 42.51% Comparison Rate
$15,000 $11,351 $26,351
36 Months at 25.00% APR & 41.87% Comparison Rate
Borrow Costs Repay
$5,000 $2,767 $7,767
24 Months at 28.00% APR & 47.66% Comparison Rate
$7,500 $4,150 $11,650
24 Months at 28.00% APR & 47.66% Comparison Rate
$10,000 $8,577 $18,577
36 Months at 28.00% APR & 46.62% Comparison Rate
$12,500 $10,469 $22,969
36 Months at 28.00% APR & 45.68% Comparison Rate
$15,000 $12,361 $27,361
36 Months at 28.00% APR & 45.05% Comparison Rate

Why Our Customers Choose Money3

Applying for a car loan with Money3 is a transparent and stress-free process from beginning to end.

At Money3, we don't burden our customers with any hidden fees or charges - every part of your car loan will be presented clearly for you to review before you agree. Our car loans for pensioners offer a flexible payment structure so that you can manage your loan repayments with ease.

  • Pensioner Car Loans up to $50,0001
  • Transparent Fees and Charges
  • Flexible Loan Options to Suit Your Needs
  • Easy Repayments by Direct Debit
  • Affordable and Flexible Repayments
  • No Early Termination Fees
  • Loan Redraws Available1

Our secured car loans offer a competitive interest rate for loan amounts ranging between $2000 and $50,000. With low ongoing fees and flexible loan terms, Money3 gives you an affordable way to finance your new vehicle.

Top Rated Questions

Can a pensioner get a car loan?

Yes, there are options for car loans for pensioners, such as getting a pensioner car loan from Money3. While many banks and lenders won't consider loan applications from pensioners, Money3 will give you a fair go to secure an affordable car loan1.

Does Centrelink help with car loans?

Centrelink won't directly help you secure a pensioner car loan, and some lenders may not approve your loan application if you are on a Centrelink pension. Money3 will consider car loans for pensioners who are receiving Centrelink payments1.

Do you perform a credit check on car loan applications?

Depending on your financial circumstances and the amount you wish to borrow, we may check your credit score before giving you pre-approval for a car loan. This may cause an enquiry to be noted in your credit report.

Will my car loan have a fixed or variable interest rate?

Your car loan from Money3 will have a fixed rate rather than a variable interest rate. Although the rate won't decrease over the life of the loan, it also won't increase. Fixed interest rates allow you predict exactly how much the loan will cost.

How much can a pensioner borrow?

The amount that a pensioner can borrow will vary depending on their overall income and expenses. The loan amounts that pensioners can apply for are determined by their borrowing power and the policies of the lender they choose to engage.

With Money3, pensioners could borrow up to $50,000 as long as they meet our eligibility criteria1, and we can ensure the loan is affordable for them. As a responsible lender, Money3 will only give pre-approval to a car loan we know that our customers are able to afford.

Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 782.

What's the oldest car you can get a loan on?

With a car loan from Money3, there's no age limit on the type of car you purchase. However, there is a maximum km limit of 300,000. The km limit does not apply to diesel vehicles.

Where can I get a car loan on Centrelink?

Money3 could provide you with a pensioner car loan if you are receiving Centrelink benefits1. Start the application process and enter your details so we can determine what type of pensioner car loan is suitable for you.

Can I pay back my loan early?

Yes, you can pay back your loan early if you wish, and there is no additional cost for doing so.

What if I have trouble making my repayments during my loan?

At Money3, we know that money trouble never waits for a convenient time to occur and that it can leave you caught out when it comes to making repayments. If you know you won't be able to make your regular payment on time, please contact our team on 1300 014 870, email us at or see our Member Support page to complete our contact form or learn more.

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