Get Your Advance Payment Quickly
Small Cash Loans from $200 to $2,000 paid within 60 minutes
Small Cash Loans from $200 to $2,000 paid within 60 minutes
Should I get a Centrelink Advance Payment instead of a loan? Yes. If you don’t already have an Advance Payment from Centrelink, and qualify, this is a superior option as it is a nil cost loan. If you use a lender such as Cash Direct, you will have loan costs such as loan fees or interest expense. So the Advance Payment from Centrelink is a useful personal budget tool to use if you qualify.
If you already have an Advance Payment from Centrelink or need some extra funds, a small loan from Cash Direct can be helpful if your budget can support the extra loan. If you earn > 50% of your income from Centrelink benefits, we will ensure your total loan payments do not exceed 10% of your income.
To apply for a Cash Direct loan, click here.
You should already have a Centrelink online account linked to your myGov. From here, it’s a pretty simple process:
Sign into your myGov account online
Select Payments and Claims
Select Manage Advance Payments, from the Manage Payments option
Select Apply for an Advance Payment
If you are eligible, you can then select Get Started and follow the prompts
Click here Advance Payment Demonstration Video for an Explanation Video on the full process, produced by Services Australia.
If you do still need extra funds, and require a small cash loan, you can apply for a Cash Direct loan, by clicking here.
If you qualify and don't already have one, a Centrelink Advance Payment (CAP) is a superior option as it is a nil-cost loan. If you already have a CAP or need additional funds, a small loan from Cash Direct can be helpful, provided your budget can support it.
You should first sign into your myGov account online. From there, navigate to "Payments and Claims", then select "Manage Advance Payments" under "Manage Payments". Finally, choose "Apply for an Advance Payment" and follow the prompts if you are eligible.
For Small Loans of $2,000 or less, there is a 20% establishment fee based on the amount borrowed, and a 4% monthly fee of the amount borrowed.
No, Cash Direct is not affiliated with, or endorsed by, Services Australia. However, they do offer loans to individuals who receive Centrelink Benefits.
Small Cash Loans from Cash Direct allow customers to borrow amounts ranging from $200 to $2,000.
Yes, Cash Direct provides Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits. If more than 50% of your income comes from Centrelink benefits, Cash Direct will ensure your total loan payments do not exceed 10% of your income.
Small Cash Loans from Cash Direct, which range from $200 to $2,000, can be paid within 60 minutes once your application is approved.
The repayment terms for Cash Direct's Small Loans are up to 3-12 months. You also have the flexibility to repay your loan any time without being charged additional fees, which can reduce your overall interest and fee costs.
Certainly, for a $1,000 loan repaid over 4 months, the total payable amount is $1,360. This total comprises the $1,000 principal amount borrowed, a $200 establishment fee, and a total of $160 in monthly fees.
Yes, you can repay your loan any time without being charged additional fees. Doing so will result in a reduction of your overall interest and fee costs.
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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