Finding lenders who specialise in providing Centrelink loans can be difficult, with many traditional forms of credit unavailable to those receiving this form of benefit. However, some lenders are willing to help those in this situation as long as the proven affordability is there. Here at Viva Payday Loans, we are a loan finder service and credit broker, able to find eligible online loans for Centrelink customers. Whilst not guaranteed to be approved, we can connect you to trusted lenders willing to help with Centrelink loans when you need them most.
If you have an emergency expense to pay that is unexpected, and you do not have the credit or savings to cover it, you could be able to find financial support in the form of affordable small loans for Centrelink customers today. We work alongside a wide range of lenders who will consider many types of credit history. Just choose the amount and repayment terms you’re looking for above and click apply now to start your application for instant cash loans on Centrelink today.
Please Note: Viva Payday Loans is a lender-finder service in Australia, we do not offer financial advice. Please consider seeking independent legal and financial advice to check how the information and ideas presented on this website relate to your unique circumstances.
Centrelink loans are a form of small short term loan that can be applied for online to help cover an emergency expense. Designed for those specifically receiving an income that includes Centrelink benefits, but no more than 50% of total income, this type of loan can help applicants if they are low on funds between payment days. Much like a payday loan, they should only be applied for when other options have been exhausted, for example, personal savings or available credit. As they can be quickly applied for online, applicants for Centrelink loans can find out instantly if they have been approved once a lender is chosen.
At Viva Payday Loans, we help make this process fast and easy to apply for, keeping our application form simple and clear with the terms. By entering in the amount and terms of the loan you’re looking for, applicants will see exactly how much the loan will approximately cost to repay*. From there, you can click apply now and fill in an application, then we’ll do the rest to see if any eligible instant cash loans on Centrelink are available.
*Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different rate
Like any form of small loan, there are no guarantees that you will be successful with your application for online loans for Centrelink customers. This is because considerations need to be made by the lenders of Centrelink loans to ensure you can afford the amount and terms you are looking for. This is usually done through a credit check and assessment of your finances. Whilst we are happy to help find bad credit loans for those with less than perfect credit scores, you will still need to ensure it is affordable.
If it cannot be determined you have the affordability from your income and outgoings, a lender will have to decline an application. This is why it is important to ensure you are in the best position to apply for loans for people on Centrelink. If you know you will struggle to maintain the repayments required, it may be best to look at other options for financial support and advice first, such as through MoneySmart.gov.au.
To start searching for loans for people on Centrelink, you will need to meet the following eligibility requirements. These are a minimum and do not guarantee you will be approved:
- Be over the age of 18
- Hold a permanent residency in Australia or be an Australian citizen
- Have eligible income with more than 50% coming from sources other than Centrelink or other government benefits
Note: Viva Payday Loans do not perform a credit check, however, the lender you are referred to may conduct a full or partial credit check as part of their assessment policy. Viva Payday Loans has no control over the assessment of applications.
There are many different types of benefit you could receive as part of your income that may be eligible for Centrelink loans. Below is a list of some of the most commonly received benefit payments. Please note, the list here is only representative and does not mean the following will be guaranteed loan approval.
Foster Carer Allowance
If foster care allowance is the only source of income you can list, most payday lenders are unlikely to consider it as a verifiable and regular source of income. However, if you happen to have other sources of income (including jobs or pension), payday lenders will consider foster carer allowance as a secondary source of income. This can improve your chances of being accepted for instant cash loans on Centrelink.
Scholarships, Educational Incentives, and Austudy
Scholarships, educational incentives and Austudy are awarded to students (typically 25 years of age or older) to help them finance their education while balancing their career. These are not meant to keep sustenance, so payday lenders do not see these as regular sources of income. If this benefit is in addition to other sources of income, such as a full or part-time job, your application may be considered by payday lenders for Centrelink loans.
Child Support Payments
A payday lender may consider child support payments (either from an individual or from an agency) to be a regular and verifiable source of income. You will, in such cases, need to provide relevant documents to prove that you have been receiving these payments regularly over the past six months. A letter of endorsement from your solicitor and the Child Support Agency (CSA) will also be required. You will need to be earning other sources of income alongside child support payments to be considered for small loans for Centrelink customers.
Disability & Age Pension
A disability and age pension are considered by some payday lenders to be a verifiable and regular source of income. If you are disabled and senior, you can add relevant details of your age pension (if applicable) to strengthen your case. Having another source of income is always preferable in this situation, but the lender will consider the application fairly like any other form of Centrelink benefit.
At Viva Payday Loans, you can apply online for instant cash loans on Centrelink and receive a decision today. As a loan finder service, we do not lend money directly, however, we can show you from a panel of 15+ lenders who is willing to help. An application takes just a couple of minutes to complete, and you’ll only need to do this once to see your lender offers. Our service can help you in the following ways:
- Loans up to a maximum amount of $2,000 (some lenders can provide up to $5,000)
- Funds in your account in 60 minutes*
- Flexible loan terms between 3-12 months. Some lenders can offer up to 2 years.
- Quick online application
- Trusted direct payday lenders
- No hidden fees
If you are ready to start your application today, click apply now and we can help you find suitable lenders in an instant. Have any questions about Centrelink loans? Please get in touch and we’ll be happy to answer any queries you may have.
* Instant loan approval times vary between lenders. Some within 60 minutes if your bank accepts faster payments, whilst others take as long as 48 hours.
Yes, as a Centrelink beneficiary, you’ve probably experienced that very few credit sources are accessible for those who rely on a benefits income. In most cases, receiving Centrelink benefits in itself will not keep you from being eligible for a payday loan. However, if more than 50% of your income comes in the form of benefits, your chances of getting accepted for a payday loan will decrease. At Viva Payday Loans, we’ll match you to suitable online lenders that are willing to help Centrelink beneficiaries.
Yes, many payday lenders do consider a carer’s allowance as a verifiable source of regular income. However, to be successful with your application, another supplementary source of income will be needed, and your carer’s allowance cannot exceed more than 50% of your total income.
It’s difficult for you to get a payday loan if youth allowance is your only source of income. Typically, youth allowances are temporary and designed to allow youth (16 to 24 years of age) to concentrate on their studies. Many payday lenders will not accept your application if you do not have any other source of income (part-time jobs etc.) and your only income is your youth allowance. You also need to be over 18 years of age to apply for Centrelink loans.