Flexible Loans for Families on Centrelink
Small Cash Loans from $200 to $2,000 paid within 60 minutes
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Small Cash Loans from $200 to $2,000 paid within 60 minutes
The Single Mother Loan or Sole Parent Loan, or the Centrelink Family Tax A & B Benefits Eligible loan is generally for single mothers or sole parents, receiving regular Centrelink Family Tax A & B Benefits. They may also be working part-time or casually while supporting their dependent children.
There are several payment types from Centrelink which are available to families. They include the Family Tax Benefit, parenting payment and child support. More information about the payments for families can be found here.
The Family Tax Benefits comes in two parts, A and B, and helps with the cost of raising children.
You may be eligible if:
Have a dependent child or a full-time secondary student aged 16 to 19 who is not receiving a Centrelink benefit.
Care for the child for at least 35% of the time.
Meet an income test
You may also be eligible for other child-based support as a single mother:
Child Care Benefit – this payment is for the cost of day care, outside school hour care, vacation care, pre-school and kindergarten costs
Parental Leave Pay – a short term payment while a parent is on leave from work to care for a new child
Child Care Rebate – covers 50% of out-of-pocket costs for approved childcare – subject to an annual limit per child
You can access more information about the Family Tax Benefit here.
Yes, Cash Direct offers a Single Mother Loan or Sole Parent Loan, which is designed for individuals receiving regular Centrelink Family Tax A & B Benefits. Cash Direct provides various Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits.
Once your application is approved, Cash Direct's Small Cash Loans, including those for Family Tax Benefit recipients, can be paid within 60 minutes.
Repayment terms for Cash Direct Small Loans are 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.
This loan is a specific offering from Cash Direct for single mothers or sole parents who are receiving regular Centrelink Family Tax A & B Benefits. They may also be working part-time or casually while supporting their dependent children.
Yes, you are able to repay your Cash Direct loan any time without being charged additional fees. This will reduce your overall interest and fee cost.
Cash Direct offers Small Cash Loans from $200 to $2,000 for eligible customers, which can be accessed through the Family Tax Benefit loan option.
For Small Loans of $2,000 or less, an APR does not apply 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 would equate to a total payable of $1,360.
The Family Tax Benefits comes in two parts, A and B, and is designed to help families with the cost of raising children. It is one of several payment types from Centrelink available to families, alongside parenting payment and child support.
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 who receive Centrelink Benefits.
You may be eligible for Family Tax Benefit A & B if you have a dependent child or a full-time secondary student aged 16 to 19 (who is not receiving another Centrelink benefit), care for the child for at least 35% of the time, and meet an income test.
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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