Car Loans on Centrelink
Getting a car loan on Centrelink may be easier than you think. We could help get your car loan approved.
We could help get your loan application* approved, quickly and easily1. Apply now with no extra marks on your credit file!
Car Finance on Centrelink* is 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 benefits income 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 payment 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 to suit your situation.
With security, 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 Services Australia, but may be able to assist those in receipt of government benefits. Approval is subject to an applicant's overall profile.
This table outlines the typical costs and charges for asset finance arranged through Rapid Finance, including cars, motorbikes, caravans and selected equipment. There are no upfront fees to enquire or apply, with costs only applying once you accept the loan terms and agree to proceed. All applicable fees are clearly disclosed in advance, so you can make an informed decision before moving forward.
| Description | Typical Cost* | When It Applies |
|---|---|---|
| Rapid Finance Costs & Charges | ||
| Financial Assessment | Free | Enquiry |
| Credit Check Review | Free | Enquiry |
| Assessment of Supporting Documents | Free | Enquiry |
| Broker Fee | Variable | On settlement |
| Origination Fee | Variable | On settlement |
| Lender Costs & Charges | ||
| Lender Application Fee | $295 – $995 | Added to the loan |
| Risk Fee | Variable (up to 10% of loan amount) | Added to the loan |
| Monthly Account Fee | $10 – $30 | Monthly |
*Typical costs vary depending on lender, loan amount, asset type, and your individual circumstances.
All fees and charges are valid as at 25/01/2026 and subject to change
While every effort is made to be as accurate as possible, there are a lot of factors involved due to the number of lenders on our panel. We will provide the applicant with a detailed quote and credit proposal disclosure on their individual circumstances before providing credit assistance
This table outlines the typical costs and charges for consumer home loans and property finance arranged through Rapid Mortgages1 . It covers fees related to assessing your application, arranging the loan and completing settlement.
There are no upfront fees to enquire or apply. Costs generally apply once you accept the loan terms and agree to proceed, with most lender fees added to the loan rather than paid upfront. All applicable charges are clearly disclosed before you commit, so you can move forward with confidence.
| Description | Typical Cost* | When It Applies |
|---|---|---|
| Rapid Mortgages Costs & Charges | ||
| Financial Assessment | Free | Enquiry |
| Credit Check Review | Free | Enquiry |
| Assessment of Supporting Documents | Free | Enquiry |
| Broker Fee | Variable | On settlement |
| Application Fee | Variable | On settlement |
| Lender Costs & Charges | ||
| Lender Application Fee | $0 - $995 | Added to the loan |
| Risk Fee | Variable (up to 5% of loan amount) | Added to the loan |
| Monthly Account Fee | $0 – $50 | Monthly |
| Title Protection Fee | Up to $990 | Optional – can be added to the loan |
| Document Preparation Fee | Up to $990 | Optional – can be added to the loan |
| Mortgage Registration Fee | Variable | Government fee – varies by state |
| Conveyancer Fee | Variable | Payable to your conveyancer / settlement agent (if applicable) |
| Real Estate Fees | Variable | Payable to your real estate agent (if selling property) |
| Loan Interest | Variable | Calculated daily & charged monthly |
| Lender’s Mortgage Insurance (LMI) | Variable (around 1–2% of loan amount) | Generally applies when borrowing over 80% of property value |
*Typical costs vary depending on lender, loan amount, property type, and your individual circumstances.
All fees and charges are valid as at 25/01/2026 and subject to change.
1. All mortgage credit assistance is provided by Rapid Mortgages (Aust) Pty Ltd (ABN 51 082 428 840), an associated entity of Rapid Finance and the holder of Australian Credit Licence 509599.
While every effort is made to be as accurate as possible, there are many factors involved due to the number of lenders on our panel. We will provide the applicant with a detailed quote and credit proposal disclosure on their individual circumstances before providing credit assistance.
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 benefits over $10,000. The amount you could borrow will depend on your financial situation and lender criteria.
For loan amounts under $10,000, we might send your application to a specialist lender based on your needs. Lenders can offer higher loan amounts for car loans on benefits. This is because the vehicle acts as security for the loan. Home loans are also available, depending on affordability.
Repayment Terms: Loan terms vary, but generally range from 2 to 5 years for personal loans and up to 7 years for car loans. We set up these terms to fit your budget and financial circumstances when you receive benefits.
Interest Rates: Interest rates on loans can vary. Rapid Finance works with a large lending panel. This includes specialists who know the needs of applicants on benefits and can offer suitable loan options.
Application Process: The application process is straightforward. You need to provide identification and proof of income. This includes your Centrelink income statement, payslips, and a 90-day bank statement history. Rapid Finance aims to provide an approval decision within 24 to 48 hours after you submit all documents.
Use of Funds: Loan funds could help with many things. You can use them for emergency medical costs, car repairs, home upgrades, travel, holidays, weddings, and other special events. They can also help with car loans, household bills, or other urgent needs. In some cases, home loans are also possible.
At Rapid Finance, we understand the unique challenges faced by individuals receiving Centrelink benefits. We offer a simple, personalised and tailored service to help you find the right loan solution. Our finance experts will help you every step of the way. We will assist you from your online application to approval, making sure you get the support you require.
Rapid Finance has over 20 years of experience. We have excellent customer service ratings. We are committed to helping you get your application on benefits approved.
Start your application today. Fill out the “Free Financial Assessment” form at the top of this page. You can also call us at 1300 467 274 to get started.
To qualify for a loan with us on benefits, you must be an Australian citizen or a permanent resident. You also need to be at least 18 years old.
Additionally, you must earn over $700 per week from income or benefits. This is necessary to qualify for over $10,000 through Rapid Finance. Additionally, you should have zero recent unpaid defaults and generally under five recent dishonours.
Rapid Finance aims to provide an approval decision within 24 to 48 hours. This after receiving your completed application online and any other necessary documents.
Not necessarily, although it could make your application stronger. You can apply for a loan on Centrelink as a single person. Approval depends on your income, expenses, and ability to pay back the loan.
Applying together with a partner or co-borrower could increase your chances of approval. This is especially true if they have extra income from a job, whether full-time or part-time. However, it's not always required.
Yes, it is possible to apply for a Centrelink loan if you are self-employed and receive benefits. Provided you meet the general loan approval criteria.
Rapid Finance specialises in helping individuals in unique employment situations secure the loans they need.
Also see our self-employed car loans page.
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.
Lenders typically schedule repayments to align with your Centrelink payment cycle. Ensuring that they fit within your budget and financial circumstances.
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. This could help make it easier for you to qualify for loans in the future.
Yes, it is possible. You could apply for a loan on Centrelink even if you have bad credit.
Rapid Finance is a broker with over 20 years of experience. We help customers with bad credit find loans.
We work with a large lending panel, including some specialist lenders who accept bad credit or other financial issues.
Yes, it is possible. Rapid Finance could help with car loans on Centrelink. The loan amounts typically range from $10,000 to $50,000 on government benefits.
However, with a working partner, you can get loan amounts up to $200,000. This depends on your finances and the lender's rules.
Yes, in most cases. You can use your loan for various purposes. Such as emergency medical expenses, car repairs, household bills, or other urgent needs. However, lenders' responsible lending guidelines restrict the use of funds for things such as gambling.
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. That is, 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. We could help you improve your credit profile over time.
When applying for a loan on benefits, you will need to provide the following.
Other documents or proof may be required, depending on the loan product selected.
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. For loans under $10,000, we may refer you to a partner lender, who is willing to consider your application.
Yes, you can apply for a loan if your income comes only from government benefits. You must meet the loan approval criteria. This includes receiving more than $700 per week for loans over $10,000.
You also need to have no recent unpaid defaults. If your income from Services Australia is under $700 per week, we may still be able to help. We may refer you to a lender who specialises in smaller loans under $10,000.
Yes, we do not accept support payments such as Youth Allowance, Jobseeker Payment, and Aged Pension for loan applications.
Accepted assistance includes Family Tax Benefits, Parenting Payments, Disability Pension (DSP), and Carer's Pension.
Getting a car loan on Centrelink may be easier than you think. We could help get your car loan approved.
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