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Carer Pension Eligible Loan

The Centrelink Carer Pension Loan is for people who receive a regular Carer Pension Benefit. They are typically living with someone they are caring for.

What is a Carer Pension?

Centrelink provides payments to people who provide daily care to someone who has a mental health condition, has a severe disability or is frail aged.

The two main types of benefits are the Carer Payment and the Carer Allowance.

The Carer Payment provides financial help to someone who is unable to work in frequent paid employment as they care for someone who either:

You can access more information about the Carer Payment here.

The Carer Allowance is an income supplement for people providing extra daily care for someone who is either:

You can access more information about the Carer Allowance here.

The National Carer Gateway

If you need extra help as a carer, there is a national online and phone service that provides the practical information and resources to support carers.  An interactive service finder will help carers connect with local support services. To have access to this service, call 1800 422 737 or search “Carer Gateway”.

What is a Carer Pension Eligible Loan?

Our Carer Pensioner loan allows customers to borrow between $200 and $3,000 over a 1 to 12 month period. They suit those who don’t need to borrow a lot and prefer to pay their loan down within 6 months. They are designed to get you out of a tough spot if needed, for example; if you have an unexpected bill, medical expenses, new carer equipment or even the purchase of whitegoods or furniture. Before you apply for a Cash Direct Small Carer Pensioner loan you should check whether you are eligible for either a Centrelink Advance Payment or a Home Equity Scheme Loan which are much lower cost than a normal loan.

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Frequently Asked Questions

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Can I get a loan from Cash Direct if I receive a Carer Pension from Centrelink?

Yes, the Cash Direct Carer Pension Eligible Loan is specifically for people who receive a regular Carer Pension Benefit. Cash Direct provides Cash Loans, Personal Loans, and Vehicle loans for individuals receiving various Centrelink Benefits.

How fast can I receive funds from a Cash Direct Carer Pension Loan?

Small Cash Loans from Cash Direct, which include the Carer Pension Eligible Loan, can be paid within 60 minutes once approved.

What are the repayment terms for Cash Direct Carer Pensioner Loans?

Our Carer Pensioner loan can be repaid over a 1 to 12 month period. Small Loans generally have terms of up to 3-12 months. You also have the flexibility to repay your loan any time without being charged additional fees, which will reduce your overall interest and fee cost.

What can I use a Cash Direct Carer Pensioner loan for?

These loans are designed to help you with unexpected situations, such as an unexpected bill, medical expenses, needing new carer equipment, or even the purchase of whitegoods or furniture.

Should I consider other options before a Cash Direct Carer Pensioner loan?

Yes, before you apply for a Cash Direct Small Carer Pensioner loan, you should check whether you are eligible for either a Centrelink Advance Payment or a Home Equity Scheme Loan, as these are typically much lower cost than a normal loan.

How much can I borrow with a Cash Direct Carer Pensioner Loan?

Our Carer Pensioner loan allows customers to borrow between $200 and $3,000. Small Cash Loans are generally available from $200 to $2,000.

What are the fees for a Cash Direct Carer Pensioner Loan (Small Loan)?

For Small Loans of $2,000 or less, there is no APR as they are fee-based only. 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 repaid over 4 months equates to a total payable of $1,360.

What is a Centrelink Carer Pension?

Centrelink provides payments to people who provide daily care to someone who has a mental health condition, a severe disability, or is frail aged. The two main types are the Carer Payment and the Carer Allowance.

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 Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits.

Where can I find additional support or resources as a carer?

The National Carer Gateway is a national online and phone service that provides practical information and resources to support carers. You can access this service by calling 1800 422 737 or searching "Carer Gateway".

Frequently Asked Questions

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