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Cash Loans for Pensioners & the Elderly

All the information you need about cash loans for the elderly.

Get a quick estimate for loan
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Your Loan Summary
Borrowing:
$300
*APR:
728.9%*
Interest:
$7.72
Repayment by:
23.1.2014
In your account by: 03:17pm
Total to repay:
$107.72
*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.

Can Pensioners Get Payday Loans?

Yes. All pensioners are eligible to receive payday loans.

I am a pensioner with a dependent partner who is unemployed. Can I get a payday loan?

Yes.

Even if you are the only source of income in your family, you will be eligible to receive a payday loan. This is often at the lender’s discretion. Having a well-documented and ongoing pension scheme is considered by most lenders as a satisfactory source of income.

I receive a pension from an overseas source. Can I get a payday loan?

Yes.

As long as your bank account statement reflects that you have received pension from a credible overseas source continually (at least six months), most lenders will be willing to give you a payday loan.

I receive monthly Age Pension. Can I get a payday loan?

Yes.

If you receive Disability Pension as a part of Centrelink Benefits, most lenders will consider you eligible for a payday loan.

I receive Disability Pension. Am I still eligible for a payday loan?

Yes.

If you receive Disability Pension as a part of Centrelink Benefits, most lenders will consider you eligible for a payday loan.

If Carer’s Allowance is the only source of income I have, is it possible for me to get a payday loan?

The answer to this can be, at best, described as being subjective. Some lenders might consider a recipient of Carer’s Allowance for a payday loan, subject to other conditions such as credit scores being met.

I am a pensioner with a bad credit score. Can I still get a payday loan?

Yes. As long as you have a steady and continuous pension on record, lenders will be willing to give you a payday loan.

In case of seniors who don’t receive a pension and have a bad credit score, additional details like recent bank account statements may be checked by lenders before approving your application.

Being a pensioner, is there anything more I need to know about payday loans?

If you are a pensioner, you need to be doubly sure that you are going to be able to pay the loan back in the short term of 30 days or less.

The best way to do this is to match your ‘payday’ – pensions or benefits – with payday loan repayment schedule.