Money3 may be able to help you out with car finance when others can't1.
Our car loans for single parents are available up to $50,000 and could be used for any vehicle from a motorbike, truck or car to a motorboat or caravan.
Applying for a car loan with Money3 is easy, just select the kind of vehicle loan you are looking for above and give us a few details. We'll get back to you with a decision as soon as possible.
1. Subject to verification, suitability and affordability
2. Car loans up to $50,000 with Centrelink income less than 50% of your total income.
3. The maximum car loan with 100% of your income from Centrelink is $8,000 for first time customers.
If you are on a single parent pension (Sole Parenting Payment), Money3 could still provide you with a car loan1. We don't turn people away just because they are receiving benefits, or receive benefits which supplement their income. We give you a fair go and examine a range of factors to determine whether or not you can comfortably afford a car loan.
When you're sole parenting, it's important to have a safe and reliable car you can use to transport your kids to school and other commitments. With Money3, you could get approved for a car loan that has flexible and affordable monthly repayments1.
1. Subject to verification, suitability and affordability
Vehicle Finance
Cars
Motorbikes
Used Cars
Campervans
Vans
Minibuses
Caravans
Trailers
Boats
Jet Skis
Trucks
Ride on Mowers
Equipment
Getting your single parent car loan approved1 may be easier than you think with Money3. Money3 will go the extra mile for you. 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 other vehicle) loan approved as soon as possible. Your pre-approval loan offer is subject to final approval.
Money3 believes in giving everyone a fair go, which means we can provide car finance for single parent pensioners and other single parents who have had trouble getting a loan.
Single parents are looked at in much the same way as any other applicant, so we will consider your loan application1, even if:
1. Subject to verification, suitability and affordability
Applying for one of Money3's loan options is quick and easy. We'd like to see you get approved for a loan and driving away with your new car as soon as possible.
If you already have a car or other type of vehicle in mind, or are looking to get a loan pre-approval so you know what you can afford, we could help1.
Our car loans for single parents are eligible to you as long as you:
Use the links or short form on this page to get started. After providing us with some basic details, you can complete your application online by providing some details on your income and expenses plus digitally submitting your 90 days bank statements.
Once we have all the necessary information, we can assess your pre-approval for vehicle finance and get back to you with a decision quickly.
1. Subject to verification, suitability and affordability
| 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 | ||
| EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,210.20 and a total repayment of $7,210.20. 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 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 35.97% EXAMPLE: A platinum secured personal loan of $10,000 for 36 months has fees and charges totalling $6,802.97 and a total repayment of $16,802.97. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 38.18% 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 | $2,557 | $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 | ||
| EXAMPLE: A silver unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,556.20 and a total repayment of $7,556.20. 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 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 44.43% EXAMPLE: A silver secured personal loan of $10,000 for 36 months has fees and charges totalling $7,902.74 and a total repayment of $17,902.74. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 43.47% 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 | $2,767 | $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 | ||
| EXAMPLE: A bronze unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,766.35 and a total repayment of $7,766.35. 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 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 47.66% EXAMPLE: A bronze secured personal loan of $10,000 for 24 months has fees and charges totalling $8,576.21 and a total repayment of $18,576.21. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 46.62% 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. |
||
Lodging your application for a single parent car loan is easy with Money3.
With Money3, you can apply online in minutes without having to worry about any hidden fees or charges. Your loan costs and terms will be avaialble for you to review, when you sign your loan contract, so you can make an informed decision about going ahead with a car loan. Money3 wishes to help single parents get car loans that are affordable and flexible to suit their financial circumstances.
Money3's finance options could help you get the reliable, safe, and feature-packed car you need to help transport your children and get where you need to go1.
1. Subject to verification, suitability and affordability
Yes, you could1. Money3 can provide car finance to single parent pensioners who may have been refused credit by other lenders. We believe in giving everyone a fair go at securing a car loan, as long as it is reasonable and affordable to them.
Yes, Money3 will consider your car loan application if you are receiving Centrelink income1. We require that your income is over $425 a week to ensure you can comfortably repay the loan.
At Money3, we will give you a fair go, so it may be easier than you think to get approved for a car loan. Money3 can provide car finance for single parent pensioners, and parents receiving Centrelink income or who have bad credit history1. During the application process, we will look at your individual financial situation and do our best to provide you with a finance option that will be flexible and affordable for you, taking the principal loan amount and interest rate into account.
Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 782.
Not all applications for car loans will be subjected to a credit check. Currently, Money3 may run a credit check on car loans before they are funded, but only if the application passes our initial assessments. Depending on the loan amount you request, an enquiry may be listed in your credit report.
Yes, it is possible1. Money3's car loans are available to anyone who meets our eligibility criteria, which is based on your age, residency status, and level of income, as well as your previous history with us. Even if you have been refused credit by other lenders because you have a poor credit rating or receive income from Centrelink, you could still be approved for finance with Money3.
Yes it is possible1. Money3 also offers pensioner car loans with all vehicle types considered and fast pre-approvals.
Centrelink may not directly help you get a car, and some lenders may refuse you credit if you receive income from Centrelink. However, you could be approved for a car loan with Money3 if you are receiving Centrelink benefits1. Our goal is to make sure the loan is affordable and suitable to you, regardless of your type of employment or level of government assistance.
Money3's application process is designed to be easy, so all the details you need shouldn't be difficult to find. We need your contact details, employment details, address and breakdown of your regular expenses. You can also choose to confirm your driver's licence, which can help make the application process faster. At this point, due to responsible lending obligations, we will need 90 days of bank statements which you can provide securely online in just a few minutes.
Once you complete these steps, we will get back to you as soon as possible with a decision on your car loan application.
Yes. If you would like to pay back your loan early, you can do so without worrying about paying any additional fees.
The Money3 team understands that unforeseen events can affect your finances and make it impossible to make a repayment. If you experience any financial difficulty that stops you from making a repayment, please contact us as soon as possible by calling us on 1300 014 870, sending us an email at customercare@money3.com.au, or filling out our Financial Difficulty contact form.
As part of giving everyone a fair go, Money3 takes a reasonable, flexible, and real-world approach to help our customers manage their repayments. When you contact our Customer Care team, they'll work with you to create a new repayment plan to help you get back on track.
1. Subject to verification, suitability and affordability
Customers who have viewed this page and shown an interest in single parent car loans, have also visited the following pages:
Single Parent LoansCentrelink Car LoansVehicle FinanceUsed Car LoansNew Car LoansPensioner Car LoansBad Credit Car LoansSecond Chance Car Loans
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Call us on 1300 014 870.
