What is a Centrelink Eligible Loan?

Can I qualify and be eligible for a loan if I receive most of my income from Centrelink Benefits?
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Yes. If you receive Centrelink benefits, you can always apply for an Advance Payment directly with Services Australia which has nil cost versus a loan that incurs fees or interest costs. However, if you need a loan for $200 to $3,000 over up to 12 months, it can be difficult to Qualify with banks, credit card companies and most lenders in Australia, or it just takes a bunch of time and fussing around.

At Cash Direct, our Centrelink Eligible Loans are for borrowers with some or all of their income sourced from Centrelink, and can be:
Smaller, Express Centrelink Eligible loans of $200 to $2,000,generally paid off over 2 to 12 months; or
Medium, Quick Cash Loans of between $2001 to $3,000+, generally paid off over 12 to 24 months. For these loans you must have income of at least $3,000 per month, and own a vehicle in your name.
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Cash Direct provides Centrelink Eligible loans quickly and without the fuss. They can also be known as Pensioner Eligible Loans, Disability Income Eligible Loans, Carer Eligible Loans, JobSeeker Eligible Loans, or just fast cash loans for Centrelink recipients. A Centrelink Eligible Loan is just a loan tool that can be used by people using Centrelink resources. If you do receive Centrelink benefits, you should also check your ability to qualify for a Centrelink Advance Payment or other government Centrelink support before applying for one of our loans.

At Cash Direct, we keep it simple to get you cash faster, when you need it.

We get you set up as a new Cash Direct member with a 100% online application process, and a short onboarding call. Once you’re a member you’re in the Express Lane, just login and apply for your next loan 24×7 in minutes. As a Cash Direct member, you will always have a back stop in your time of need. We make our smaller Centrelink Eligible loan repayments affordable, so you can pay your small cash loan down within 2-12 months.

With our 100% online loan process, we get you money fast when you need it. With some customers we can transfer the money to your bank account in 60 seconds once fully approved, through the OSKO payment system.

Loans for People on Centrelink Benefits

We have tailored loans for people receiving Centrelink benefits. We can offer loans from $200 to $3,000 for people on Centrelink Pensioner income, Family Tax A and B, Jobseeker support, Carers income, Disability income, Youth Allowance and more. We can approve loans based on the income benefits you receive and any wages or other income your receive. Always check Centrelink Support options before taking a loan, and always aim to improve your personal month to month budget to reduce your need for a loan in the future.

Loan Repayments for People on Centrelink?

With our loans, we make sure you have affordable repayments. We are Responsible Lenders, and we want you to be a responsible borrower. Unlike typical payday loans that require a short repayment period with larger repayments, we make your loan term longer, up to 12 months and paid in line with your income payment cycle, such as weekly or fortnightly on the same day your get your income. But we want you to close out your loan sooner, so you can get back to a normal budget. At any time, you can repay your existing loan with us and reduce the overall cost of your loan by doing so. Simply log into your Cash Direct Member account, and set an extra payment or a full payout.

Making loans affordable if you’re on Centrelink benefits

If more than 50% of your income is from Centrelink benefits, we’ll make sure your loan repayments are not greater then 10% of your income. This helps make sure your repayments are manageable.

You can pay your loan out any time. You will save on monthly fees, and we will not charge extra. If you miss a payment you will be charged a missed payment fee.

Borrow just what you need, to keep it affordable within your Centrelink benefit

With Cash Direct, we welcome our customers to submit a new loan application if in need. You can rely on us, so just borrow what you need. Don’t overextend yourself because you’re not sure if you can get cash funds later. It’s simple, just login to your Cash Direct account, and request a new loan. If you have a good repayment history with us and your budget is consistent, there will never be a problem. We can be your reserve for a rainy day – particularly if you don’t have a credit card or overdraft facility.