Loans for People on Centrelink | Fast Online Personal Loans
Fair loans for Centrelink customers

Finding a loan while receiving Centrelink benefits can be difficult. If you’ve been searching for a personal loan on Centrelink,then we may be able to help. Nifty Loans offers personal loans for people on Centrelink payments from $2,500 to $10,000.

Centrelink, otherwise known as the Department of Human Services, is an Australian government program that delivers Commonwealth services to Australians. Their goal is to support those in need and, eventually, help them become self-sufficient.

Here at Nifty Loans, we consider most Centrelink payments as income. The different types of Centrelink payments that are accepted can vary from lender to lender. It’s essential to understand which payments you receive prior to applying for your loan.

Types of Centrelink benefits

There is no shortage of Centrelink payment types. Here are some of the most common benefits:

  • Age Pension
  • Carer and Disability Payments
  • Education Payments (Austudy, ABSTUDY)
  • Jokseeker (Previously Newstart Allowance)
  • Parenting Payments
  • Remote Area Allowance
  • Youth Allowance
  • Widow Allowance

Applying with Nifty is fast and easy

Now that you know whether you are eligible for one of our Centrelink loans, let’s take a look at the loan types we offer. Applying for Centrelink can be an extremely frustrating and time-consuming process. Here at Nifty, we like to keep things simple with our 100% online, paperwork-free application that can be completed in minutes.

Our loan options

Loan Type Amount Term (Months)
Medium Loan $2,500 – $4,600 9 – 24
Large Loan $5,000 to $10,000 9 – 24
Can I get a loan if I’m on Centrelink?

At Nifty Loans, we offer an array of loan types for people receiving Centrelink. If you’re receiving one of the following Centrelink payments then you are eligible to apply for one of our loans:

Centrelink Payment Accepted
Age Pension
Family Tax Benefit
Disability Support Pension
Carers Payment
Parenting Payment
Farm Household Allowance
Widow Allowance or Widow B pension
Wife Pension

Unfortunately, we generally don’t accept applicants who receive either JobSeeker, Austudy, Abstudy or Youth Allowance as these are considered to be temporary sources of income.

Can I get a loan from Centrelink?

If you receive Centrelink benefits, you may be eligible for an advance payment. What this means is that you could receive a portion of your payment early. You’ll then be required to pay it back later out of your payments. You can apply for a Centrelink advance at any time if you receive one of these payments:

  • Abstudy
  • Austudy
  • Youth Allowance for students
  • Family Tax Benefit
  • Mobility Allowance

If you have been receiving benefits for at least three months for these payments, you can also apply for an advance payment:

  • Age Pension
  • Carer Payment
  • Disability Support Pension
  • Farm Household Allowance
  • JobSeeker Payment
  • Parenting Payment
  • Widow Allowance
  • Youth Allowance for job seekers

This should always be your first option when searching for a loan on Centrelink for many reasons, but most notably: these loans incur no interest and you can repay the advance out of your future Centrelink payments. For more information, visit the Department of Human Services.

Eligibility criteria

To be eligible to apply for a fast cash loan with Nifty, here are a few things you need to be able to say ‘yes’ to:

  • Be an Australian citizen or permanent resident
  • Be over 18 years old
  • Have a regular income into a personal bank account for at least 3 months (we consider certain Centrelink payments as a regular income)
  • Have an active mobile number and email address

It’s that simple! If you match this criteria, you’re all set to apply for your personal cash loan with Nifty.

Loans on Centrelink
Frequently asked questions

Will I qualify for a loan if I’m on Centrelink?

Depending on what type of Centrelink income you receive, you could definitely qualify for a loan with Nifty. We accept most forms of Centrelink as a regular income; however, we do not accept JobSeeker, study allowances or Youth Allowance as they are considered temporary payments. We do accept Age Pension, Disability Pension, Family Tax Benefit and Carers Payment as income for a Centrelink loan.

How much can I borrow?

You can borrow anywhere between $2,500 and $10,000. We offer two different loan types: medium loans and large loans. Depending on how much you apply for, loan terms will range between 9 and 24-months.

I’m on Centrelink, can I get a loan with bad credit?

Worried about your credit score? Don’t stress – we can offer Centrelink loans to people with bad credit. We don’t believe your past should define your future. Why should a credit default from years ago stop you from receiving finance options today? While we cannot provide ‘no credit check loans,’ we will look at more than just your credit score. So, if you’re worried you will not be approved because of your credit score, rest assured that it will not be the determining factor of your application.

What can I use a personal loan for?

Just because you receive Centrelink doesn’t mean you shouldn’t borrow money for some financial flexibility. Here are just some of the reasons people take out personal loans:

  • Taking a mini-break
  • To buy a new or used car
  • To pay off unexpectedly high bills
  • Update your home decor
  • Upgrade your bathroom or kitchen
  • Emergency medical bills