Loans for Centrelink Benefit Users

Small Cash Loans from $200 to $2,000 paid within 60 minutes

What are Centrelink Benefits?

Centrelink is part of the Australian Government department of Human Services that was created in 2004. They offer a range of benefits through health, social and welfare payments and services. As of 2021, 5.4 m people receive some sort of welfare support, and the government spends around $200bn per annum on welfare support each year. For more details see Australia's-welfare-2023-in-brief

The objective is to create a safety net for people who may have greater disadvantages than others, or just can’t find regular employment income like most Australians.

It is funded out of taxes paid by workers and businesses, and other sources. They deliver payments and services at times of major change for all these groups:

They can also offer child support for separated parents.

If you receive regular Centrelink payments from one of these sources, you may be eligible for a Small Centrelink loan of between $200 to $3,000.

To find out if you are eligible for Centrelink payments, or other Centrelink payments if you already receive a benefit, you can use their payment search and finder tool.

If you are already on Centrelink benefits you may be eligible for a concession or health care card. These can help you get cheaper health services and medicine to help improve your monthly budget. Click here to check.

How do I apply for a Small Centrelink Eligible Loan?

Just click here to apply and fill out the application form, we’ll then ask for a 90 day bank statement and Centrelink Income Statement to validate your regular monthly income and expenses.

Before you apply for a Cash Direct Small loan you should check whether you are eligible for either a Centrelink Advance Payment or the Centrelink Home Equity Scheme Loan which are much lower cost Pension

Also, if you are planning to apply for a loan to help with a bond or rental payment first check whether you would be eligible for rent assistance through Centrelink or help from your relevant state government department. Click here to learn more.

There are also several government sites that can help you with budgeting or saving. If you wish to learn more about these click here.

The main types of Small Centrelink loans we offer at Cash Direct are:

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Frequently Asked Questions

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Can I get a loan from Cash Direct if I am on Centrelink benefits?

Yes, Cash Direct provides Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits. If you receive regular Centrelink payments from sources like Job Seekers, Families, or Seniors, you may be eligible for a Small Centrelink loan.

How fast can I get a Centrelink loan from Cash Direct?

Once your application is approved, Cash Direct's Small Cash Loans can be paid within 60 minutes.

What are the repayment terms for Cash Direct Centrelink Small Loans?

Repayment terms for Cash Direct Small Loans are up to 3-12 months. You can also repay your loan any time without being charged additional fees, which will reduce your overall interest and fee cost.

Is Cash Direct affiliated with Centrelink or Services Australia?

No, Cash Direct is not affiliated with, or endorsed by, Services Australia. However, they do provide various loans for people receiving Centrelink Benefits.

What should I consider before applying for a Cash Direct Centrelink loan?

Before applying for a Cash Direct Small loan, you should check if you are eligible for a Centrelink Advance Payment or the Centrelink Home Equity Scheme Loan, as these are much lower cost options. Also, if it's for rent or a bond, check for rent assistance through Centrelink or your relevant state government department.

How much can I borrow with a Centrelink loan from Cash Direct?

Cash Direct offers Small Cash Loans from $200 to $2,000 for those receiving Centrelink benefits.

What are the fees for a Cash Direct Centrelink loan (Small Loans)?

For Small Loans of $2,000 or less, there is a 20% establishment fee of the amount borrowed and a 4% monthly fee of the amount borrowed. For example, a $1,000 loan over 4 months would have a total payable of $1,360.

What types of Centrelink benefits are eligible for a Cash Direct loan?

Cash Direct offers specific loans for those receiving: Age Pension Loans, JobSeeker Loans, Family Loans, Disability Pensioner Loans, Study Loans, and Carer Allowance Loans. Generally, if you receive regular payments from Centrelink categories like Seniors, Job Seekers, or Families, you may be eligible.

How do I apply for a Cash Direct Centrelink loan?

You can apply online by clicking the "apply" link on their site. You will need to fill out the application form and provide a 90-day bank statement and Centrelink Income Statement to validate your income and expenses.

What is Centrelink and what services does it provide?

Centrelink is part of the Australian Government department of Human Services, established in 2004. It provides a safety net for people and offers a range of health, social, and welfare payments and services. This includes support for Seniors, Job Seekers, Students and trainees, Families, Carers, Parents, and People with disability, among others.

Frequently Asked Questions

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