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Maximum charges: 20% Establishment fee and 4% monthly fee (Comparison rate 199.43%) based on $1000 repaid over 6 months. Illustrative example: Loan amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly instalments of $57.60. Maximum charges: 20% Establishment Fee & 4% Monthly Fee. In comparison rate terms, the maximum comparison rate may be as high as 199.43%.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower's credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary.
Viva Payday Loans > Loans for Pensioners on Centrelink 2023

Loans for Pensioners on Centrelink 2023

Personal loans for pensioners can be a sensitive topic, especially as retirement is supposed to be the golden period or relaxation after a life filled with work, commuting and responsibility. However, if you are short of cash, this may mean kicking back and relaxing is the last thing on your mind and getting loans for pensioners is on the forefront!

As a Centrelink recipient requiring extra cash, worrying about where to obtain those extra pennies can cause a tremendous amount of stress. After all, do loan companies even consider applicants in this category? Unfortunately, many pensioners find themselves in this position, wondering if loans for pensioners on Centrelink or personal loans for pensioners with bad credit are possible and, if so, which loan companies to approach.

What Are Payday Loans For Pensioners

While the truth is payday loans for pensioners are readily available, it can be pretty daunting sifting through which loans are suitable for you. This overview will look at the available personal loans for pensioners via the portal. Are you ready to solve your short term cash woes? Let’s dive into the fog surrounding loans for pensioners and clear up the confusion!

Wading through the plethora of loan information on the internet can be time consuming and confusing. Leaving you even more confused about how personal loans for pensioners work and if they are a suitable solution to your financial situation.

Pensioners on Centrelink benefits often worry that they can’t get access to regular loans or loans for pensioners with bad credit because they are on benefits. Here’s what you need to know about getting loans for pensioners on Centrelink:

  • Centrelink recipients are welcome if they earn a minimum of $150 per week. This does not have to be through a traditional job but can be through alternative income streams as you are a pensioner.
  • You are eligible to apply for Centrelink loans for disability pensioners and regular Centrelink loans for pensioners if your Centrelink benefits come to no more than half your monthly income.

In addition, many pensioners avoid asking family and friends for extra cash to get them out of a tight spot, as it can be somewhat awkward and embarrassing. After all, the misconception is often that pensioners don’t need extra cash at this stage of the game. This is where loans for pensioners provides the escape route required for financial freedom. Furthermore, the convenient online application process is user friendly, has uncomplicated eligibility requirements and allows for same-day payouts! How’s that for easy peasy?

At this stage, you’re probably wondering how same day cash loans for pensioners work at – the answer is: by following a few simple steps. To get your loan application started, visit the Viva Payday Loans website and select the loan amount you need. Then view the monthly repayments and interest that will be charged before accepting the loan offer.

Once you have calculated if you can afford the loan, you can then decide whether to go ahead or not. If you decide to accept the loan offer, simply click on the icon that says ‘Get Loan’, which kick start the loan application process into action. Once you have agreed and signed up for your chosen loan, you will be required to repay the loan amount, including the interest, each month.

The interest on short term loans and loans for pensioners with bad credit can be high and is often the deciding factor when it comes to instant loans for pensioners. However, no interest loans for pensioners are available if the amount you require is below $2000. Should you decide to take a no interest loan, a small 4% monthly service fee is required each month, alongside a 20% once-off establishment fee.

Larger loans for pensions can, of course, incur higher interest fees of up to 48% depending on who the lender is on the loan agreement. To keep your account in good standing with the lender, you will need to pay your monthly loan instalment on time.

The Full List Of Personal Loans Available To Pensioners In Australia

If you think payday loans for pensioners are the proverbial financial unicorn, you would be mistaken. By simply browsing the internet, you will see a plethora of information regarding same-day cash loans for pensioners.

Often pensioners feel that because they are no longer actively working, they don’t qualify for a ‘payday’ loan. After all, surely payday loans for pensioners require a payday? Actually, the term payday refers to the day you repay your loan each month rather than an actual payday from a place of work. While pensioners don’t have an actual place of work, they can receive their income in other ways.

For instance, they could receive Centrelink benefits, rental income, dividends or trust payments. The date these payments are received into their bank account is considered their payday. Therefore, lenders will require the loan repayment day to coincide with the day the income is received into their bank account.

Below is a list of loans for pensioners:

Same Day Cash Loans for Pensioners

Waiting around for the local bank to decide on a loan application can be frustrating, especially if you require the cash in a hurry. Same-day cash loans for pensioners through the website cater for precisely these types of situations when cash is needed in a hurry. The online application takes a few short minutes, and if approved, the payout can be in your bank in under an hour! On the rare occasion, payment is delayed, it never takes longer than 24 hours.

Loans for Pensioners with Bad Credit

A poor credit history is not the end of the world when applying for a loan with Their specialised loans cater for borrowers in this exact situation, meaning that a loan is not off the table should your credit score be less than pristine.

Most lenders on the portal don’t require a credit check as they prefer to focus on assessing affordability. Loans for pensioners with a bad credit history are available from $300 to $10,000. Repayment terms are typically between 3 and 24 months, with a minimum income requirement of $150 per week. This income can be in the form of rental income, trust payments, dividends, Centrelink benefits or similar.

Centrelink Loans For Disabled Pensioners

Many pensioners rely on Centrelink benefits or similar should they be disabled. However, receiving disability benefits doesn’t mean you are not eligible for a loan when needed. For example, offers Centrelink loans for disability pensioners between $300 and $10,000. To obtain a Centrelink disability loan, simply check you meet the eligibility requirements, apply, provide evidence you can afford the loan repayments and wait for the payment to hit the bank!

No Interest Loans For Pensioners

Mounting interest on loans is often the main reason many pensioners worry they’ll get stuck paying high-interest costs. However, this is not the case with payday loans for pensioners at Loans below $2000 are interest-free, only requiring a small service fee and once-off set up fee. But, should you need more than $2000, you can loan up to $10,000 with a loan repayment period of between 3 and 24 months to pay and 48% interest chargeable. It’s worth noting that there are lenders who offer more competitive interest rates should you wish to consider your options. In addition, no interest loans for pensioners are also available. Simply complete the easy online application, wait for the quick approval and enjoy the cash in your bank on the very same day.

Unsecured Instant Centrelink Loans For Pensioners

Not everyone owns assets that can be used as collateral against a loan. If this is your situation in retirement, don’t panic! Centrelink loans for pensioners at Viva Payday Loans are a type of unsecured loans where affordability must be proven instead of having security or collateral.

Same day cash loans for pensioners have several requirements that must be met before you can access your cash. Firstly, you need to have an income of $150 per week, be a resident in Australia, and prove you can afford the loan. In addition, a valid form of ID will be required; this could be either a driver’s licence or Medicare card. While you can apply for an unsecured loan value up to a maximum of $10,000, you should only request the amount you need and can afford to repay to improve your chance of approval.

Top Features Of Loans For Pensioners

  • The easy online application eliminates the need for pensioners to wait in long queues.
  • Faster payouts, usually in under 60-minutes – no waiting for cash.
  • Flexible loan values of between $300 and $10,000.
  • Large number of lenders on – increasing chance of loan approval.
  • No interest loans for pensioners – 0% interest charged on loans under $2000.
  • Easy repayment terms of between 3 and 24 months.

Examples Of Loans For Pensioners Australia

Below are a few examples of the loans for pensioners available via

Lender Max Loan Term Payout Interest & Fees
Fair Go Finance $10,000 36 months 24 hours 9.9%
Sunshine Loans $2,000 9 to 16 weeks 30 mins 0% interest
4% fees p/m
20% establishment
Nimble Loans $10,000 22 months 60 mins Up t0 47.61%
Swoosh Finance $5,000 9 to 16 weeks 30 mins Up to 47%
Jacaranda $15,000 12 to 24 months 24 hours 12%

Instant Loans For Pensioners – Advantages vs. Disadvantages

Advantages Loans For Pensioners

Same day Payout

Many lenders have a fast turnaround time and payout loans for pensioners within 60-minutes of approving the instant loans for pensioners.

Fast And Simple Application Process

Applying for same-day loans for pensioners is easily completed online. In addition, borrowers can submit supporting documentation and even sign their contracts online.

No Additional Costs

Borrowers don’t have to pay to use the portal. Once they have found a lender, the loan is accepted directly with the lender. There is are no additional costs for using the Viva Payday Loan service.

Loans for Pensioners on Centrelink – Benefit Recipients Can Apply

Loans for pensioners receiving Centrelink or similar benefits can be tricky to obtain. However, at, borrows in receipt of Centrelink benefits can apply for loans for pensioners on Centrelink.

Disadvantages Of Loans For Pensioners

High Interest Rates

Payday loans for pensioners over $2,000 often come with interests that range up to 48%. This is often ill affordable to the average person. For zero per cent interest, keep your loan below $2,000.

How To Apply For Payday Loans for Pensioners

It’s quick and easy to apply for loans for pensioners on Try out the steps below and see for yourself.

Step 1: Collect Your Supporting Documentation

To ensure you get same day cash loans for pensioners, make sure that you have all your supporting documentation on hand. This will include a copy of your driver’s license or Medicare card, three months’ bank statements, a utility bill with your address on it, and three months’ payslips.

Step 2: Click ‘Get Loan’ And Complete The Form

When applying for no interest loans for pensioners, you will need to provide your personal particulars. The online application form is designed with complete convenience in mind. Inputting your loan amount, repayment schedule, personal, banking and employment particulars will take just a few minutes. It’s imperative to be as transparent as possible during this part of the process. Submit the form when you are sure that all the information is correct.

Step 3: Wait Two Minutes And Get Matched With A Lender offer instant loans for pensioners that are truly instant. Once you click the ‘submit’ button, the automated system will take just two minutes to match you with potential lenders. If the deal catches your eye, you can elect to take it further and be transferred directly to the lender’s site. Here is where you will finalise the deal. It is advised to read through the entire loan contract before accepting and signing for it.

Step 4: Wait One Hour For The Money To Arrive In Your Bank Account

We all know there’s no time to wait around when you need cash in a hurry. Luckily, lenders, in a bid to be more competitive, make it their mission to pay out loans as swiftly as possible. Once your loan is approved, it shouldn’t take longer than sixty minutes to get the cash in your account. You can then spend it on whatever you wish.

The Eligibility Criteria For Pensioners Loans

  • Australian proof of residence
  • Three months bank statements
  • Latest three month’s payslips
  • Valid ID
  • Proof you are a citizen or permanent resident of Australia


What Loans Can You Get From Centrelink?

Centrelink provides benefits to those are who are disabled, on pension, single parents etc.  At, we offer instant loans for pensioners of all backgrounds. Simply apply online and get the cash you need today.

How Can I Get Money Urgently?

Traditional banks will keep you waiting while they make you jump through hoops and complete spans of paperwork. On the flipside, same day cash loans for pensioners arranged via the website pay out on the very same day they are approved. Approval also only takes two minutes!

Is There An Interest Free Loan In Australia?

Yes, interest free loans for pensioners are readily available in Australia as long as you keep the loan amount below $2,000. Loans of $2,001 and above can have up to 48% interest attached. Apply for an interest free loan on

Can I Get A Payday Loan On A Pension In Australia?

While some banks and traditional lending institutions may be wary of lending money to pensioners, this is not the case at Here you can apply for a loan, regardless of your age and stage of life, as long as you meet the minimum criteria. These include earning at least $150 per week and being able to actually afford the monthly instalments.

What Can I Use A Pensioner Loan To Pay For?

Loans for pensioners aren’t limited to specific purchases when getting a loan from Most pensioners use their loans to pay for household repairs, buy groceries, cover unexpected utilities and medical bills, and pay for that much-deserved holiday. Of course, what you spend your money on is up to you as long as you pay your monthly instalments.