Loans for people on Centrelink Benefit

As you know that getting a loan is sometimes very challenging especially if you are on Centrelink benefits. Most loaning apps or banks have very strict lending rules and regulations guiding them, which sometimes makes things difficult for borrowers who don’t have full-time jobs with bad credit scores.

Loans for people on Centrelink Benefit

Of fact, it’s only payday loan operators or businesses with similar practices that can provide loans to individuals with Centrelink benefits or people with a bad credit score. In most cases, this may benefit the borrower in one way the other, but in some cases, it may turn out to be the worse step taken. This is one of the reasons why I used the word worse, sometimes the charges that come after are generally very high”. Also, if you miss the repayment date, expect to pay extra charges.” To be safe just make sure you read through their terms and conditions very carefully to know what you are signing for. As I have earlier, stated above that these types of services can be beneficial in many ways.

So, if you are on Centrelink and need a loan but don’t know how to go about it, you can apply for a personal loan. There are numerous options for you to borrow from. Below are a few that will help you access funds if you need a loan to settle one or two.

Loans for people on Centrelink

Cash Train Loans

If you are desperately in need of cash, then Cash Train Loans may be one of the best options for you. One of the fantastic features of this platform is that you can get a loan for as little as $50 and as much as $2,000 and the repayment period is between 10 weeks and 3 months depending on your payment frequency.

As I mentioned in my introduction, it is recommended that you read through the terms and possibly the interest rates involved.

Fair loans

Fair Loans is a non-profit organization that provides low-interest rates for individuals who are on Centrelink or who are having difficulties with qualifying for a bank loan. With a fair loan, you can get an affordable loan between $1,000 to $4,000 with a loan repayment term that can last up to a year.

No Interest Loans Scheme (NILS)

This is also another excellent option for Centrelink people, with this platform you can get a small loan of $800 to $1,200 with no interest rate attached to it, meaning you only pay the amount of money you borrowed. But before the loan will be granted to you, you will have to provide paperwork that shows your identity, address, your income, and maybe any debts you may be paying. Loans gotten from this platform can only be used to purchase household items such as washing machines, stoves, fridges, etc, or educational essentials such as textbooks, computers, and so on. However, you cannot use this loan for general purchases such as trips, shopping, rent arrears, or to debit consolidation.

Note, on the NILS you will not receive any cash or money directly to your bank account instead payments are made directly to the supplier or your goods.


StepUp is slightly similar to NILS, StepUp offers loan opportunities for low-income individuals with low-interest rates. Loans obtained through this platform are primarily used to manage household and living expenses, such as repairing your home’s equipment or purchasing a used vehicle.

Sure Cash

Even if you receive majority of your income from Centrelink, you may be eligible for a loan through this platform. Sure Cash’s website boldly states that they will not reject your loan request simply because you are a Centrelink recipient. You can apply for a cash loan either online or in person.

Centrelink Qualification Criteria

Note if 50% of your income is from Centrelink make sure that the repayment of your loan must not go beyond 20% of your income, if it does note that you will not qualify for the loan you are seeking for.

Frequently Ask Questions for People on Centrelink Benefit

Can I get a loan if I am on Centrelink?

Yes, whether your income is entirely derived from Centrelink benefits or not. You may still be considered for a loan if you meet the required criteria.

Does applying for a loan impact my credit score?

Yes, it can, especially if you apply for multiple loans in a short period.

Why did my loan get denied with good credit?

It is important to note that if most of your income comes from Centrelink, most loan providers may deny your loan request because some providers require you to have an additional source of income in addition to Centrelink benefits.

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