Loans for Centrelink Customers
You have got to love Centrelink. They help you out when you’re in need and try to give a helping hand before you know you need it. However, when it comes to loans, many worry about how the fact that they receive Centrelink benefits will affect their chances of getting a loan.
Not only do loans for Centrelink customers exist, but they’re also easier to get than you might think.
Good news! We can find lenders that can offer loans for Centrelink customers, and you can complete our application form in minutes.
Ready to find out more? Let’s get started.
Are there loans for Centrelink customers?
You may be wondering if there are loans for Centrelink customers out there. The short answer is, yes. Although it depends on what type of Centrelink payment you receive, there are loans out there for you.
We specialise in finding lenders that can offer small cash loans for people on Centrelink. So, you don’t have to worry about receiving Centrelink, we’ll do our best to find you a lender that works. Apply today, up to $1,000 to $15,000.
How do loans for Centrelink customers work?
Loans for Centrelink customers work like loans in general for the most part. During the application and assessment processes, you will be prompted to let the lender or lender-finder know that part of your total income comes from Centrelink. The reason for this is so that they can assess whether your income is stable and whether you will be able to make your repayments.
In terms of how loans for Centrelink customers work, the process is pretty simple. Apply using the form above. After filling in a few details, you’ll be prompted to log into your internet banking via a secure portal. Our system will quickly grab your bank statements for the last 90 days and set out establishing if you qualify for a loan. If you do, we’ll let you know that we’ll get to work finding you a lender that can offer cash loans for Centrelink customers.
Who can get Centrelink loans?
We find lenders that can offer loans for Centrelink customers, however, before you apply for our lender-finding service, there are a few requirements you need to meet:
Even if you are on Centrelink, to get a loan you still need to adhere to the usual requirements for getting a cash loan. These include
- Being 18 or over;
- Earning a regular income;
- This can be your Centrelink payment. However, just check the lender for the amount since they all require slightly different amounts.
- Being an Australian Citizen or Permanent Resident;
- Not having had an emergency Centrelink payment within the last 3 months; and
- Being able to show a history of saving and paying your bills
In other words, you need to show that you can handle financial commitments.
These criteria must be met for you to be eligible for a loan and, as you can see, you will likely need to submit evidence of your Centrelink payments and ability to make repayments. The Australian Securities and Investments Commission (ASIC) require lenders to perform an assessment of your circumstances to ensure that you aren’t taking on unnecessary financial stress and that you can afford to make your repayments without being overcommitted.
How to Apply for loans for people on Centrelink?
Applying for loans for people on Centrelink is easy. There are just 2 steps to follow and you’ve applied for our lender-finding service – it’s that easy!
Follow these steps to apply for cash loans for people on Centrelink:
Step 1: You apply
Now, this part is super easy. Our lender-finding service is 100% online and requires zero paperwork! So no need to print out hundreds of document in preparation to fill out our application. To begin your application simply scroll up and complete our loan calculator form by selecting how much you wish to borrow and for how long. Then hit the Apply Now button. Easy, right? Remember the costs on display are simply an indication not an exact amount. All costs are subject to individual lenders.
Step 2: We get work finding you a lender
Once you’ve submitted your application, we’ll do our best to find you a lender that can offer loans for Centrelink customers. You could receive an outcome in minutes! If we find you a lender, we’ll let you know.
Step 3: Meet your new lender
If we find you a lender, they should be in touch shortly to go over the finer details of your application. If you’re approved, your funds will be transferred straight to your bank account. Times may vary depending on the speed of your bank.
And that’s it! Just three simple steps, zero hassle and zero paperwork. Ready to apply? Just scroll up.
Before you Go
If you’re on Centrelink and want a loan it is a possibility. Loans for Centrelink customers do exist and are easy to apply for, provided you meet the basic requirements. Australian legislation is quite strict when it comes to loans in general – this is particularly evident in the case of Centrelink loans. They’re strict not in terms of who receives them, but rather in how committed borrowers are and if their loan would push them over the edge. Lenders and the government should not let you become overcommitted.
There are loans for Centrelink customers out there and there’s a lender out there who’s perfect for you.
Apply now and let us find a lender for you!