Car Loans on Centrelink
Getting a car loan on Centrelink may be easier than you think. We could help get your car loan approved.
Read more
We could help get your Centrelink loan application* approved, quickly and easily - apply1 with no extra marks on your credit file!
Car Finance on Centrelink* are also available1.
Centrelink Home Loans* are also possible with our help1.
* Rapid Finance is not affiliated with Centrelink or Services Australia, but may be able to assist those in receipt of Centrelink benefits.
1 - Approval is subject to an applicant's overall profile. Your application will undergo a credit check, but only at the final stage, if we have found a lender looking to accept your application.
A Centrelink loan is a personal loan designed to help individuals receiving Centrelink benefits get access to loans easily when compared to applying via banks and other mainstream lenders. These loans are specifically tailored to cater to the unique circumstances of those on government support as part or 100% of their income. Rapid Finance, a finance broker with over 20 years of experience, could help you find the right loan on Centrelink to suit your situation.
With security, Centrelink loans can also be used to cover part or all of the costs, when buying a car on Centrelink or other vehicle.
* Rapid Finance is not affiliated with Centrelink or Services Australia, but may be able to assist those in receipt of Centrelink benefits. Approval is subject to an applicant's overall profile.
Eligibility: To qualify for a loan on benefits, you must be receiving regular payments from Centrelink. Accepted benefits include Family Tax Benefits, Parenting Payments, Disability Pension (DSP), and Carer's Pension.
Loan Amounts: Rapid Finance could help get you approved for personal loans on Centrelink over $10,000, up to $60,000, depending on your financial situation and lender criteria. For loan amounts under $10,000 we may refer your application to one of our specialist lenders, depending on your needs. For Car Loans on Centrelink, loan amounts are possible up to $200,000. Home Loans on Centrelink are
Repayment Terms: Repayment terms vary, but generally range from 2 to 5 years for personal loans and up to 7 years for car loans. These terms are designed to fit your budget and financial circumstances when on benefits.
Interest Rates: Interest rates on Centrelink loans can vary. Rapid Finance works with a large lending panel, including specialist lenders who understand the needs of Centrelink recipients and can offer suitable loan options.
Application Process: The application process is straightforward. You will need to provide identification, proof of income such as your Centrelink income statement, payslips, and your 90-day bank statement history. Rapid Finance aims to provide an approval decision within 24 to 48 hours, when all documents have been provided.
Use of Funds: Centrelink loans can be used for a variety of purposes, such as emergency medical expenses, car repairs, car loans, household bills, or other urgent needs.
At Rapid Finance, we understand the unique challenges faced by individuals receiving Centrelink benefits. We offer a personalised and tailored service to help you find the right loan solution. Our dedicated finance professionals will guide you through the entire process, from application to approval, ensuring you get the support you need.
With over 20 years of experience and excellent customer service ratings, Rapid Finance is committed to helping you get your loan application on Centrelink approved. Start your application today by completing the "Free Financial Assessment" form at the top of this page, or contact us at 1300 467 274 to get started.
Getting a car loan on Centrelink may be easier than you think. We could help get your car loan approved.
Read moreCan you get a loan if you're on Centrelink payments? Forget what you might have heard - the real answer might surprise you.
Read moreIf you have a bad credit history or receive a Centrelink benefit, obtaining a home loan can seem like an insurmountable challenge. Start your search here.
Read moreCentrelink loans are personal loans designed for individuals receiving Centrelink benefits. These loans provide financial assistance for various needs, such as emergency expenses, bills, or essential purchases. They are offered by specialist lenders who are willing to consider payments from Centrelink as income. They are tailored to fit the unique financial situations of Centrelink recipients.
To qualify for a loan on Centrelink, you must be an Australian citizen or permanent resident, at least 18 years old, and earning over $700 per week from income and/or benefits to qualify over $10,000 through Rapid Finance. Additionally, you should have zero recent unpaid defaults and generally under five recent dishonours.
Accepted Centrelink benefits include Family Tax Benefits, Parenting Payments, Disability Pension (DSP), and Carer's Pension.
Yes, benefits such as Youth Allowance, Jobseeker Payment and Aged Pension are not accepted for loan applications.
Yes, you can apply for a loan if your income is solely from Centrelink benefits, provided you meet the eligibility criteria, including receiving over $700 per week (for loans over $10,000) and having zero recent unpaid defaults. If your income from Centrelink is under $700 per week, we may be able to refer you to a lender who specialises in smaller Centrelink loans under $10,000.
The amount you could borrow varies depending on your financial situation and the lender's criteria. Rapid Finance could help you with personal loans over $10,000, up to $60,000 or more. For loans under $10,000, we may refer you to a partner lender, who is willing to consider your application.
When applying for a loan on benefits, you will need to provide identification, proof of income such as Centrelink income statements, payslips, and your 90-day bank statement history. Other documents or proof may be required, depending on the loan product selected.
Not every application has a 'hard' credit check. At Rapid Finance, we can view your credit file, without impacting on it. Your application will undergo a credit check, but only at the final stage, if we have found a lender looking to accept your application. However, Rapid Finance offers a free credit check report with no mark on your credit file and can help you improve your credit profile over time.
Rapid Finance aims to provide an approval decision within 24 to 48 hours after receiving your complete application and necessary documents.
Yes, in most cases. You can use your loan for a variety of purposes, such as emergency medical expenses, car repairs, household bills, or other urgent needs. However, under lenders responsible lending guidelines, use of funds for things such as gambling are restricted.
Also see our car loans on Centrelink page for vehicle finance options when receiving government payments.
Yes, Rapid Finance could help with car loans on Centrelink. The loan amounts typically range from $10,000 to $100,000, depending on your financial situation and lender criteria.
Yes, it is possible. You could apply for a loan on Centrelink even if you have bad credit. Rapid Finance is a specialist broker with over 20 years experience in finding loans for our customers with bad credit. We work with a large lending panel, including some specialist lenders who accept bad credit or other financial issues.
Rapid Finance offers a free credit check report and could help you see bad marks from your credit file. Over time, with our guidance, you could remove these bad marks to improve your credit profile, making it easier for you to qualify for loans in the future.
Repayments are typically scheduled to align with your Centrelink payment cycle, ensuring that they fit within your budget and financial circumstances.
If you are struggling to make your loan repayments, it is important to contact your lender as soon as possible. They can help you explore options such as adjusting your repayment schedule or finding alternative solutions.
Yes, it is possible to apply for a Centrelink loan if you are self-employed and receive benefits, provided you meet the general eligibility criteria. Rapid Finance specialises in helping individuals in unique employment situations secure the loans they need.
Also see our self-employed car loans page.