Loans for Disability Pension Recipients
Small Cash Loans from $200 to $2,000 paid within 60 minutes
Small Cash Loans from $200 to $2,000 paid within 60 minutes
Can I get a loan if I am on a centrelink disability pension?
Yes. The Cash Direct Disability Pension Eligible Loan is for people who have qualified for a disability benefit from Centrelink. They may be living with a carer or parents who also offer financial and other support. If you earn > 50% of your income from Centrelink, your total loan repayments can not exceed 10% of your total income.
The Centrelink Disability Support Pension, or DSP, provides payments if you have a permanent physical, intellectual or psychiatric condition which stops you from working.
You may be eligible for the Disability Support Pension if you meet both:
Non-medical rules
Medical rules.
You can access more information about the Disability Support Pension here
Not everyone with a disability or mental health condition is eligible for the Disability Pension. If you are not you might be eligible for other payments which can be found here.
Our Centrelink Disability 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, need new disability support equipment or even for vet fees for your pet.
Yes, the Cash Direct Disability Pension Eligible Loan is specifically designed for people who have qualified for a disability benefit from Centrelink. Cash Direct provides Cash Loans, Personal Loans, and Vehicle loans for individuals receiving various Centrelink Benefits.
Small Cash Loans from Cash Direct, which include the Disability Pension Eligible Loan, can be paid within 60 minutes once approved.
Our Centrelink Disability Pensioner loans 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.
These loans are designed to help you with unexpected situations, such as unexpected bills, medical expenses, needing new disability support equipment, or even vet fees for your pet.
If more than 50% of your income is from Centrelink, your total loan repayments cannot exceed 10% of your total income.
Our Centrelink Disability Pensioner loan allows customers to borrow between $200 and $3,000. For general Small Cash Loans, amounts typically range from $200 to $2,000.
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.
The Centrelink Disability Support Pension (DSP) provides payments if you have a permanent physical, intellectual, or psychiatric condition which stops you from working. Eligibility for DSP depends on meeting both non-medical and medical rules.
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.
Yes, you can repay your Cash Direct loan any time without being charged additional fees. This will reduce your interest and fee cost overall.
For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.
For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000
principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees.
For our Medium Loans between $2,001 and $5,000. The base interest rate may vary depending on the loan product. The maximum rate we use is 48% and an Establishment Fee of $400.
Terms for our Small Loans are up to 3-12 months, and for our Medium loans, it is 3-24 months. With each, you can
repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.
Cash Direct Pty Ltd (ACN: 129 259 605; Australian Credit Licence 393862) is a specialist in providing cash loans to its customers when they need it
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