Centrelink loans - City Finance (2023)

What are Centrelink loans?

Centrelink loans are loans that are available specifically to customers that are on Centrelink benefits. They are often otherwise known a Pensioner Loans, Disability Income Loans, Carer Loans, JobSeeker Loans and fast cash loans for people on Centrelink.

If you’re in need of some quick money and you’re on Centrelink, then you’ve come to the right place. Here – unlike many traditional financial institutions – we don’t discriminate against those who can’t show proof of work.

In fact, these loans are designed specifically for people who aren’t working and are on Centrelink benefits. We offer loans ranging between $500 and $5000 for those already on Centrelink or Youth Allowance.

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However, please keep in mind that it’s your responsibility to ensure that the amount of money you receive won’t affect your benefits. Get more information on our loans for people who are unemployed.

Am I eligible for a Centrelink loan?

As long as you are receiving some form of consistent Centrelink payments and you have proof of this payment then you certainly are eligible for a Centrelink loan. If you’re unsure of your eligibility please feel free to reach out to our customer service here.

What supporting documents and information do we need to process your Centrelink loan application

At City Finance the process of applying for an emergency loan is simple. We don’t need a bunch of different documents, all we require is the following:

  1. A copy of your ID
  2. A short application form with details such as your address and phone number
  3. 90-day history of bank transactions
  4. Proof of your income (either wages or Centrelink benefits)

How City Finance can help customers receiving Centrelink benefits

We do things quickly

The process of getting a loan at City Finance is very fast. After you’ve submitted your application online, one of our friendly staff members will get in touch and as soon as you receive approval, you’ll get a same day cash deposit into your bank account.

Our team is very experienced in the field of giving Centrelink loans, so the process is easy, quick and hassle-free. Our extensive experience also means that we can make quick decisions, so you’ll get your money faster. Read more about our same day loans.

We believe in all inclusive lending

At City Finance we don’t discriminate if you fall into a category that other financial institutes may consider risky to lend to. Whether you’re on Centrelink, have a bad credit rating or low income – we can still lend to you. Read more about our bad credit loans here.

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Even people who are self employed may have a very hard time securing a loan at other financial institutions, often they’ll need years of paperwork to prove they earn a stable income. But, don’t worry If this is the case for you – we can help.

Our team analyses each loan application separately and will take your personal circumstances into consideration when approving a loan. As long as you are over 18, are able to provide 100 points of identity and have a form of regular income, we can discuss your loan options with you. Are you a previous customer? We might be able to fast track your application with a no credit check loan.

We’re flexible with repayments

We understand that sometimes life happens, and you may be unable to make a repayment on a personal loan on the due date. If this happens to you, our friendly staff can chat with you to make alternate options, usually without any extra fee.

We also strive to be completely transparent with all of our fees and charges, so you shouldn’t receive any nasty, unexpected surprises! We don’t charge any fees if you choose to make early, or extra, repayments.

We’re a trusted company

We have been lending money to Australians for over two decades and have a reputation as a very respected lender in the industry. When lending money from City Finance you can feel comfortable that you are borrowing from a trustworthy company.

Our experienced staff will chat to you when you’re taking out a personal loan with us, and will take into account your personal situation so that we can figure out the best arrangement for you.

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Things are streamlined and simple

With our Centrelink loans, you won’t need to worry about the hassle of paying a bill every week, or every month. Over the years we’ve put together a very straight forward repayment program where the money will be automatically deducted from your nominated bank account on each repayment day. Learn more about our payday loans here.

We’re here to help

If you find yourself in a situation where you urgently need funds, we can help you to quickly get the money in your account. Our application process is quick and easy and our approval process is too. Often, we can have money in your bank account the same day that you apply.

What can I use a Centrelink loan for?

A Centrelink loan can be used for basically anything, but here are some examples of why you may need one.

Car Repairs

Even if you’re regularly maintaining your car, problems can happen. The cost of car parts and mechanics normally runs quite high. If you don’t have a pool of money available to cover the costs and get yourself back on the road in the case of a breakdown, contact us for a car repair loan.

Medical expenses

Even with the great healthcare system that Australia has, there can still be a lot of out-of-pocket expenses that may arise. Think: a deductible for a chiropractor, medications or an ambulance. If you need medical attention and don’t have enough money available, then we can help. Learn more about our loans for medical expenses.

Rental bond

A bond is a huge cost – it’s usually in the thousands of dollars – and can be a frustrating expense on top of all the other expenses moving house costs. Rather than paying it in a lump sum, you could contact us for a small cash loan to cover the rental bond and pay a small amount out of your weekly pay packet at a rate you are more comfortable with. Learn more about our loans for rental bonds.

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Furniture or white goods

If you’ve ever looked up rental white goods and furniture you’ll know that they are both extremely expensive. If you can’t afford these things upfront, rather than renting the goods and essentially throwing the money away, you can take a loan with us and own the furniture and white goods. Learn more about our furniture loans.

Unexpected emergency

Unexpected emergencies can arise at any time and you may not have the cash to cover them. At City Finance we understand the urgency of unexpected costs. So, we specialise in getting cash to our customers as quickly as possible so that they can take care of any emergency costs they require. Learn more about our emergency loans.

Vet bills

For most people, their pet is a member of their family. So when he or she gets sick, it’s imperative that they’re taken to the vet to sort out the problem. Vet bills can be very costly and need to be paid before your pet’s condition deteriorates. If you don’t have the money on hand we can sort out a quick, small cash loan for you and your pet. Learn more about our loans for vet bills.

Home renovations

Home renovations can add significant value to your house, but how can you add the value if you don’t have the money for home renos in the first place? Easy! Contact us for a loan and get your tools ready to go. Learn more about our home renovation loans.

Travel loans

Thanks to a certain pandemic, our travel options are limited at the moment. However, we’re still allowed to travel locally (sometimes!). If you need a break and are dying for a holiday but don’t have enough savings then we can help. Learn more about our travel loans.

Dental costs

Smashed your front tooth? Painful root canal? Wisdom teeth coming through? An appointment at the dentist certainly costs a pretty penny, a situation that you may not have enough money on hand. Contact us for a loan and we’ll get you smiling again.

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How to get a loan from Centrelink? ›

  1. Step 1: get started. Sign in to myGov and select Centrelink. ...
  2. Step 2: view advance payments. The Advance Payments summary page has information about your current and previous advances. ...
  3. Step 3: apply for advance. Select Get started. ...
  4. Step 4: review and submit. ...
  5. Step 5: get your receipt. ...
  6. Step 6: sign out.
Dec 21, 2022

Can you get a cash loan on Centrelink? ›

If you are on Centrelink benefits, providing a consistent income, you can qualify for a Cash Direct loan by completing our easy application online, found here. Provide your personal details, income and expenses, how much you need to borrow and how long you'd like to repay the loan.

What is the easiest installment loan to get approved for? ›

The easiest installment loan to get approved for is a personal loan with no credit check because the lender doesn't perform a hard inquiry into your credit history.

Can I get a loan on Centrelink with bad credit? ›

When the credit rating is poor, you still can seek bad credit loans on Centrelink. These government benefits are mostly viewed as regular income and therefore Centrelink recipients are considered eligible for personal loans.

Who is eligible for Centrelink loan? ›

Loans on Centrelink Benefits

Whether your income is 100% from Centrelink benefits or a mix of earnings and benefits, your combined or total income must be over $2,080 a month in order to qualify. If you are looking for a secured loan on Centrelink, then your weekly income must be over $480 a week to qualify1.

Can I get a $1000 loan from Centrelink? ›

The amount you can borrow varies depending on your personal Centrelink situation and changes from year to year. For example, while Age and Disability Support Pension and Carer Payment recipients are eligible for advances over $1,000 every six months, most other benefit types are only eligible for a maximum of $500.


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