Personal Loans for Pensioners | Easy Loans up to $10,000

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Fast Personal Loans

  • Smart and quick application form, which can be completed in minutes
  • 70% of applicants receive an outcome instantly
  • For applications that do not receive instant outcome, most receive a final outcome within 60 minutes!*

*During normal business hours.

Personal Loans for Pensioners

Nifty Loans offers personal loans for Australian pensioners up to $10,000.

Loans for pensioners are available through Nifty’s simple online application form. We endeavour to deliver 60-minute loan outcomes and we support instant transfers on approval.

Looking for loans for pensioners?

If you are currently receiving a pension and have had an unexpected expense destabilise your budget, Nifty Loans offers pensioner personal loans. Loans for pensioners in Australia range from $300 to $10,000 and can be used for anything from funding a holiday to dental surgery costs. We specialise in speedy loans; we deliver 60-second transfers on approvals (to people with NPP-enabled bank accounts) so you could have your cash ready to use almost instantly.

What are personal loans for pensioners?

A personal loan for pensioners is simply a personal loan specifically for people receiving the government pension. We offer three options of personal loans: small loans, medium loans and large loans.

Small loans are unsecured personal loans for pensioners ranging from $300 to $2,000. These small personal loans for pensioners are as close to instant loans that you can find and can be repaid over 6 to 9 months.

Medium personal loans are secured personal loans for pensioners. This means that there must be an asset attached to the loan as security for the lender. This is because the loan amount will be larger, from $2,100 to $4,600, and there is, therefore, more risk involved for the lender. 

Large loans are also secured personal loans that range from $5,000 to $10,000. Both medium and large loans can be repaid over 9 to 24 months. 

For more information about our personal loan fees and charges, visit our costs page for a detailed breakdown.

Who is considered a ‘pensioner’?

To be considered a ‘pensioner’, you must be receiving government benefits that are labelled as a ‘pension’. This includes both the Age Pension and the Disability Support Pension. If you receive either of these Centrelink payments, you are considered a pensioner and are therefore eligible for a pensioner personal loan.

If you are receiving other Centrelink benefits, like a Parenting Payment or a Widow Allowance, you are by definition not considered a pensioner. However, if you receive any of these payments in addition to a ‘pension’, you are eligible for our loans for pensioners.

What can I do with a cash loan for pensioner?

If you are taking out personal finance as a pensioner, you can choose to spend this money on whatever you like. All that you have to do is select how much you wish to borrow and state what you will be using the money for on your application. For some inspiration on what you could use your personal loan for, here are some of the most common reasons our clients have opted for financial assistance with Nifty Loans:

  • Medical expenses
  • Going on a holiday
  • Installing solar panels
  • Dental expenses
  • Cosmetic surgery
  • Covering multiple bills that came at once
  • Urgent car repairs

How to apply for low-interest loans for pensioners

Nifty Loans makes applying for loans easy and simple. We have an online application form that takes just minutes to complete and, once approved, you may have the cash in your account and ready to use within 60-seconds*. To apply for a pensioner personal loan, follow these straightforward steps:

Step 1: Apply for your loan online

Use our loan slider at the top of this page to select the amount of money you want to borrow. Once you have selected this amount and your repayment terms, complete the rest of your application and submit it to our team.

Step 2: We will assess your application

As soon as you submit your application, our team will begin processing it. We use advanced technology to process our loans as quickly as possible. Our team will conduct a thorough assessment of your application and let you know whether we can provide you with a loan.

Step 3: Review and sign your contract

If your application is approved, our team will send you an electronic contract. We encourage all of our clients to read their contract carefully as all possible fees and charges will be clearly outlined to you. Sign your contract and send it back to us.

Step 4: Receive your money

Once our team receives your contract, we will transfer your approved funds directly to your bank account. If your bank account is NPP-enabled, you could see the cash in your account within 60-seconds of our transfer.

Eligibility criteria

To be eligible for a personal loan with Nifty Loans, we require all of our applicants to meet our standard eligibility criteria. Please ensure that you meet the following before you apply:

  • You are at least 18 years old
  • You have had a consistent income into your bank account for at least 90 days
  • You are an Australian citizen or permanent resident
  • You have an email address and mobile number
  • You have internet banking set up

Supporting documents required

So that our team can process your application, please ensure that you have all of the required supporting documents available to submit when you apply.

  • 100 points of identification
  • Your basic personal information (full name, D.O.B, address etc.)
  • Your myGov login details
  • Your online banking details (so our team can access your bank statements)
  • The reason for your application

Personal loans for pensioners with bad credit

Don’t let your bad credit stop you from applying for a pensioner personal loan with Nifty Loans. We are an online lender which means that we can be more lenient in terms of our credit requirements. While traditional lenders are very strict with their credit assessments, we use a bank statement service to analyse your current finances to ensure that you can currently manage a loan. This is why we can offer personal loans with bad credit.

We must conduct a credit check and thorough financial analysis of all of our loan applicants. We adhere to the responsible lending guidelines by ASIC. If after our assessment, even with bad credit, we determine that you can comfortably manage a personal loan, we may be able to provide you with a bad credit loan. All applications are subject to an individual assessment.


How much can I borrow as a pensioner?

You can borrow any amount from $300 to $10,000. We will conduct a thorough assessment to ensure that you can manage your repayments. Your repayment terms will vary depending on how much you wish to borrow.

Why do you need my internet banking details?

We will use a bank statement service to access read-only copies of your bank statements. This is to analyse your finances, including your current income and expenses. This is solely to assess your affordability; at no time will we have access to your bank account to make any changes.

What are the fees and charges?

Our loan options vary depending on how much you wish to borrow and your current financial situation. All fees and charges will be clearly outlined to you in your contract, and are available on our costs page. If you have poor credit, this will also likely impact your fees and charges. This is because bad credit borrowers are offered higher interest rates because they are a higher risk to the lender.

How do I pay back my loan?

We will set up a direct debit to leave your account in line with your payments. This way, as soon as you receive your income, your repayment will come out. When your loan has been repaid, these direct debits will stop.

Alternatives to a personal loan as a pensioner

It may be an option for you to consider an alternative solution to a personal loan while on a pension. You may be eligible for one of the below options.

If you are on an Age Pension or a Disability Support Pension, you will likely be eligible for a Centrelink advance payment. Centrelink will give you a part of your income support early for you to pay back later out of your payments. This advance payment will incur no interest and can be easily set up to be repaid by Centrelink. However, there is a limit on how much money Centrelink can advance you.

No Interest Loan Scheme (NILS)

NILS is provided to individuals and families on low incomes with loans for essential goods and services like fridges, washing machines, car repairs and medical procedures for up to $1,500. If you have a Health Care Card/Pension Card or earn less than $45,000 a year after tax, have lived at your current address for at least 3 months and can show that you can repay your loan, you may be eligible for a NILS loan.

Credit card

A credit card will give you a set monthly spending limit, with the option to either pay back the total amount you spent or a minimum repayment. Credit cards can be a good option if you are looking for more flexibility in your repayment terms and what you can spend your money on. However, credit cards often accompany a range of fees and charges, including interest and late fees if you miss a repayment. 

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Andy Andy


Andrew Bell

Since founding Nifty in 2016, Bell has continued to make waves within the local financial sector for his continued ambition and willingness to adopt emerging technologies.

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Loan Costs

Large Loans

Large Loan Example

$5,000 - $10,000

Loan amount:
9 - 24 months
Establishment fee:
Monthly Fee:
Comparison Rate:
View Example
Loan amounts:
18 months, (78 weekly repayments)
Establishment fee and Total Interest:
Total payable:
Weekly installments:
View Loan Details

Medium Loans

Medium Loan Example

$2,001 - $4,600

Loan amounts:
$2,001 - $4,600
9 - 24 months
Establishment fee:
Monthly Fee:
Comparison Rate:
View Example
Loan amounts:
24 Months, (104 weekly repayments)
Establishment fee:
Total other fees:
$1,609.44 (reducing interest)
Total payable:
Weekly installments:
View Loan Details

Small Loans

Small Loan Example

$500 - $2,000

Loan amounts:
$500 - $2,000
12 months
Establishment fee:
Monthly Fee:
N / A *
Comparison Rate:
View Example
Loan amount:
12 Months, (52 weekly repayments
Establishment fee:
Total other fees:
Total payable:
Weekly installments:
View Loan Details

* Not applicable. Small loans do not charge an annual interest rate.

** 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. Different loans may include other payable fees and charges. All fees and charges will always be displayed on your loan contract.