Home > How to find Centrelink approved loans
When your car breaks down or a big event is coming up, Centrelink payments often don’t give you much leverage. A small personal loan might be a good short-term solution for financial struggles. However, it’s hard to find lenders that offer Centrelink approved loans sometimes. Luckily, Jacaranda Finance is different.
We believe receiving government benefits shouldn’t exclude you from access to personal finance when you need it the most. As a result, we could treat your Centrelink payments as an alternative form of income. So, if you fulfil our other requirements, we highly encourage you to apply for a loan with Jacaranda.
At Jacaranda, we offer fast cash loans for people on Centrelink. We know anyone can get into a sticky financial situation and a personal loan can be the helping hand you may need. So, we offer personal loans for anyone who is receiving Centrelink payments. Our application process is completely online and you could even get an outcome in as little as 60 minutes (if you apply during our office hours).
However, you might want to check first if you are eligible for any of the top-up options offered by the Department of Human Services. We highly encourage you to look into your other options before applying for a loan as missed payments may lead to additional fees and charges that will be added to your repayments.
Yes, we can offer you a personal loan if you fulfil our other requirements. A personal loan may be a good solution to bridge any financial shortages for you. However, there are multiple options for people who receive Centrelink payments and need additional access to personal finances.
If you find yourself in a difficult financial situation, we recommend that you get in touch with a free financial counsellor first before you consider taking on a loan.
As an existing Centrelink customer, you may be eligible for a Centrelink advance payment. If this applies to you is depending on which benefits you are receiving. An advance on your Centrelink benefits is interest-free and will be repaid out of your future Centrelink payments. You can find out if you are eligible through The Department of Human Services website.
A personal loan at Jacaranda ranges from $300 to $10,000. They can be repaid over a longer period of time so you get more time to breathe freely. That’s why they may be a great option if you feel financially stuck and just need some time to get back on track.
Some lenders seem to think receiving Government benefits is a statement about your financial capabilities and therefore, won’t provide Centrelink approved loans. But getting approved for a loan when receiving Centrelink link payments doesn’t have to be complicated. At Jacaranda, we know that there is a unique story behind every single application and every one of them deserves to be heard.
Getting a personal loan with Jacaranda is easy! We promise, the application process won’t take much time: Simply fill in your details, hit submit and you could get your outcome within 60 minutes.
If you receive Centrelink payments, chances are that you spent a fair bit of time with bureaucracy already and you are sick and tired of boring paperwork. Luckily, so are we! Our fast cash loan application is completely online. You won’t have to leave the comfort of your home and can apply at any time of the day. And it’s completely digital, all you have to do is fill in your details and wait.
At Jacaranda, we won’t just treat you like a number. We care about every single application. Everyone makes mistakes, that’s why we also give loans to people with bad credit rating. We will perform a credit check but it’s not the only thing we look at. We are much more interested in your current spending habits and if a loan is affordable and suitable for your personal situation.
You may receive Government benefits for various reasons. Fortunately, we offer personal loans for a wide range of people and circumstances. We encourage you to apply for a loan with us if you:
We give every Australian a fair chance to apply for a loan, no matter what their circumstances are. And because time can be a pressing matter when finances are tight, we offer same-day-approval loans for people on Centrelink.
At Jacaranda, we make personal loans as accessible as possible. That’s why you only have to tick a few boxes to be able to apply:
If you said yes to all the questions above, what are you waiting for? You are definitely eligible to apply for a loan with us and could receive your outcome within 60 minutes (if you apply during operating hours).
At Jacaranda, we offer small, medium and large personal loans that range from $300 to $10,000. While it’s important to think about how much money you need to borrow, it’s equally as important to consider how much you can afford to repay. We won’t lend you money if we think you won’t be able to repay it, however, we highly encourage you to give a thought to how borrowing money and repayments might affect your budget.
Small personal loans at Jacaranda range from $300 to $2,500 and can be repaid over a period of 12 months. They are unsecured and in most cases a good option if you just need additional funds to work through financial hardship.
Our medium personal loans range between $2,000 and $4,600. The repayment period varies between 13 and 24 months, depending on amount and payment rates. Any personal loan over $2,000 will be a secured loan. That means collateral such as a car, caravan, motorbike or boat must be attached to them.
Our large personal loans range from $5,000 to $10,000 and can be repaid over 13 to 24 months. Like medium personal loans, it is necessary to provide security against our large loans.
This table sums up the loans we provide:
|Loan type||Loan amount||Loan term|
|Unsecured||$300 to $2,000||13 to 24 months|
|Secured||$2,000 to $4,600||13 to 24 months|
|Secured||$5,000 to $10,000||13 to 24 months|
If you want to know more details about our personal loans, head over to our costs page or get a feeling for repayment rates and durations by playing around with the loan calculator at the top of the page.
If you are ready to apply for our Centrelink approved loans you might be able to save yourself even more time by having this information handy:
Our application process is fast and easy. We won’t let you wait for long, we promise. If you apply within our business hours, you will receive your outcome within 60 minutes. Otherwise, you might have to wait until the next day but it won’t be long.
Our online application has a simple structure and won’t take you long to fill in. We will only ask for the required information, no hassle. Most people hit submit within only a few minutes.
Once applied, you can lean back: We use the latest and best safe banking technology to assess your current financial situation. Our experienced team will take a look at your case from every side. We make sure that our loan is suitable and affordable for you. If we don’t require any additional documents, we will aim to get you an outcome within 60 minutes (if you apply within our business hours).
Some customers receive their outcome in 60 minutes, but in some circumstances, you have to wait a little longer. Once you receive our approval, we need you to sign the loan contract. After receiving your documents, we will transfer your funds as soon as possible!
At Jacaranda, we practice responsible lending. What does that mean? We check your financial situation beforehand and won’t lend you a loan if we think you won’t be able to afford to repay it. Some lenders don’t care and leave you with high fees for missed payments, not with us. Also, we make sure that all costs and fees are clearly stated in the loan contract, no hidden charges or extra fees.
Yes, you can. However, we will perform a credit check as it is part of our responsible lending practice. But we can promise you, it’s not the only thing we look at. Your current spending habits are much more important than previous mistakes. So if you meet the other criteria, we highly encourage you to still apply, you may still be able to get a loan with Jacaranda.
We promise, our application process is mostly self-explanatory and shouldn’t take you long. However, if you need assistance or have any further questions about Centrelink approved loans and your eligibility, you can send us a message at any time or call our friendly customer service during business hours.
Our business hours are:
Monday to Thursday: 8 am – 6 pm
Friday: 8 am – 4 pm
Saturday: 8 am-12 pm
For sure! That’s why we like online applications. You can apply at any time from anywhere without having to wait in line for hours. If you have any further questions, drop us a message but if not, what are you waiting for? A personal loan may be a quick way to improve your financial situation short-term and we would love to have you as a part of the Jacaranda family.
Discover your eligibility for Centrelink approved loans today!
Looking for the best personal loan rates? Here’s what to look for!
Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.