Save & Budget with Centrelink Loans
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
We all hit snags which are unexpected and which we are not usually prepared for. At Cash Direct we are always here to help and can help financially in your times of need.
However, it is always good to be prepared for unexpected bills and that is why budgeting and saving is so important. Budgeting and saving can allow you to have money saved away for a rainy day and can help you cover unexpected costs without the need for a small loan.
There are some great budgeting resources from Centrelink and ASIC’s MoneySmart which provide some great tips for budgeting.
There is also a great saving resource from ASIC’s MoneySmart. This can be found here.
Some tips for budgeting and saving are:
Call up your electricity/gas/water supplier to make sure you are getting the best deal
Call up your phone/telco provider to make sure you are on the right plan or are getting the best deal.
If you have Foxtel, call them up to make sure you are getting the best deal.
Some banks now have an option where they round up the value of your purchases to the nearest $10. So, if you made a purchase of $7 they would round it up to $10. They then deposit the remaining $3 in your savings account.
If you do still require a Cash Direct small loan the best way is to apply online, it only takes a couple of minutes.
Centrelink provides payments to people who provide daily care to someone who has a mental 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 Allowance here.
The Carer Allowance is an income supplement for people providing extra daily care for someone who is either:
A child or adult with a disability or mental condition
Who is frail aged
You can access more information about the Carer Allowance here.
If you are on a Centrelink Benefit currently you may be able to apply for a Centrelink Advance payment. By doing this you can get part of your income support or Family Tax Benefit Part A early and pay it back later out of your future payments.
There are certain rules about who is eligible and how often you can apply. These can all be viewed here.
This can be a good alternative to getting a small loan if an unexpected situation arises.
If you do still require a Cash Direct small loan the best way is to apply online, it only takes a couple of minutes.
Yes, Cash Direct provides Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits. Small Cash Loans are available from $200 to $2,000.
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 repaid over 4 months would total $1,360.
The best way to apply for a Cash Direct small loan is online, and it only takes a couple of minutes.
No, Cash Direct is not affiliated with, or endorsed by, Services Australia.
There are valuable budgeting resources from Centrelink and ASIC’s MoneySmart, which also provides a great saving resource.
Small Cash Loans from Cash Direct can be paid within 60 minutes once approved.
Yes, if you are currently on a Centrelink Benefit, you may be able to apply for a Centrelink Advance Payment to get part of your income support or Family Tax Benefit Part A early. This can be a good alternative to a small loan.
Terms for Small Loans are generally up to 3-12 months. You have the flexibility to repay your loan any time without being charged additional fees, which will reduce your overall interest and fee cost.
Try calling your electricity/gas/water supplier, phone/telco provider, or Foxtel to ensure you are getting the best deal. Some banks also offer an option to round up your purchases to the nearest $10, depositing the difference into your savings account.
Centrelink provides payments to people who give daily care to someone with a mental condition, a severe disability, or who is frail aged. The two main types of benefits are the Carer Payment and the Carer Allowance.
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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