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Youth Allowance Eligible Loan

Get Youth Allowance Loans in Australia

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

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A Centrelink card on a wallet beside an Australian Government card and a phone
Loans from$200to $2,000
Loans from $200 to $2,000
Paid within 60 minutes
Repay over 1-12 months
ContentsYouth Allowance or Student Eligible Loans
  1. Youth Allowance or Student Eligible Loans
  2. What is a Youth Allowance Benefit?
  3. Eligibility
  4. What is a Youth Allowance or Student Eligible Loan?

Youth Allowance or Student Eligible Loans

The Centrelink Youth Allowance, AUSTUDY or Student Loans are designed for people receiving a study benefit from Centrelink. They are studying to improve their future employment opportunity. They may also have a part-time or casual job and could be living with their parents or sharing accommodation to manage their monthly expenses. If you’d like to estimate repayments for a Student Loan Calculator , try our Student Loan Calculator.

What is a Youth Allowance Benefit?

Centrelink provides payments to eligible students, trainees and Australian apprentices which provide financial help with everyday costs and study expenses.

There are four main payments types which are Youth Allowance, Austudy, Abstudy and assistance for isolated children.

Youth Allowance provides financial help to people who are 24 and under who are a student or Australian apprentice.

Eligibility

To be eligible for Youth Allowance you must be either:

  • Studying full time,
  • A full time Australian apprentice,
  • Independent or need to live away from home to study, or
  • Temporarily unable to study.

You can access more information about the Youth Allowance here.

Austudy provides income support if you are 25 or older and are a full-time student or Australian apprentice.

To be eligible for Austudy you must be:

  • 25 or older
  • A full-time student or Australian apprentice
  • Under the income and assets test limit

You can access more information about the Austudy here.

What is a Youth Allowance or Student Eligible Loan?

Our Youth Allowance Loans and Study loans allows customers to borrow smaller amounts of between $200 and $800 over a 1 to 12-month period. The loan amount can be higher if you have additional wages or other income. These small loans suit those who don’t need to borrow a lot and prefer flexible repayment terms from 1 to 12 months. They are designed to help you out with additional expenses whilst you are studying such as unexpected bills, help with study expenses or even help repair your car.

If you do still require a Cash Direct small loan the best way is to apply online, it only takes a few minutes.

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Yes, Cash Direct offers Youth Allowance or Student Eligible Loans specifically designed for people receiving a study benefit from Centrelink, including Youth Allowance, AUSTUDY, orABSTUDY payments.
Once approved, Small Cash Loans from Cash Direct, which include the Youth Allowance loans, can be paid within 60 minutes.
Our Youth Allowance Loans and Study loans can be repaid over a 1 to 12-month period. Small Loans generally have terms of 1 to 12 months.
Austudy provides income support if you are 25 or older and are a full-time student or Australian apprentice , provided you are under the income and assets test limit.
Yes, you can repay your loan any time without being charged additional fees , which will also reduce your overall interest and fee cost.
Our Youth Allowance Loans and Study loans allow customers to borrow smaller amounts of between $200 and $800 . The loan amount can be higher if you have additional wages or other income.
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 result in a total payable of $1,360.
The Centrelink Youth Allowance provides financial help to people who are 24 and under and are either a student or an Australian apprentice, assisting with everyday costs and study expenses.
These loans are designed to help you with additional expenses whilst you are studying, such asunexpected bills, study expenses, oreven car repairs .
No, Cash Direct is not affiliated with, or endorsed by, Services Australia. However, they do provide Cash Loans, Personal Loans, andVehicle loans for people receiving Centrelink Benefits.

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