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Loans for Centrelink Customers

Personal Loans up to $10,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

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Apply in less than 8 minutes

Can I get a loan on Centrelink?

If you’re on Centrelink and an unexpected cost has put a strain on your budget, Jacaranda may be able to help. We offer personal loans to Centrelink customers with our quick online application process that will get your cash fix in no time. 

Loan options for Centrelink customers

If you receive Centrelink benefits and are looking to borrow money, there are a few options you can consider. 

Advance Payment

An advance payment from Centrelink allows you to receive a portion of your payment early. You’ll then be required to pay it back out of your later payments. You can apply for a Centrelink advance at any time if you receive one of these payments: 

  • Abstudy
  • Austudy
  • Youth Allowance for students
  • Family Tax Benefit
  • Mobility Allowance

You can also apply for advance payment if you have been receiving benefits for at least three months:

  • Age Pension
  • Carer Payment
  • Disability Support Pension
  • Farm Household Allowance
  • JobSeeker Payment
  • Parenting Payment
  • Widow Allowance
  • Youth Allowance for job seekers

This is a great option for you because these loans incur no interest and you can repay the advance out of your future Centrelink payments. For more information, visit the Department of Human Services

Personal Loans

Another method of borrowing money is by getting a personal loan on Centrelink. Personal loans, which are sometimes referred to as cash loans, can be a faster option than an advance payment. So, if it is an extremely urgent expense, going through an online lender will be a great option for you. At Jacaranda, we offer fast cash loans for unemployed people from $300 to $10,000. We will try to get back to you within just 60 minutes of your application (if you apply within our business hours). 

Loans for pensioners on Centrelink

Unsure whether you can apply for a personal loan while on a pension? Whether you are on an age pension or a disability pension, you can apply for a Centrelink loan with Jacaranda! We consider most Centrelink income as a regular income, so as long as you have been receiving these benefits for at least 90 days and meet the rest of our eligibility criteria, we may be able to help.

Bad credit loans for people on Centrelink

Are you worried that your bad credit score will stop you from getting a personal loan? We offer bad credit personal loans, even to people receiving Centrelink. We follow responsible lending obligations set by ASIC . We will never lend someone money who we believe will not be able to comfortably repay. We conduct credit checks on every loan applicant, but we will not let a bad credit score stop you from accessing a personal loan. We will look at things like your bank statements to see whether a personal loan is right for you. Your credit score will only play a small role in our assessment. 

How much can I borrow?

We offer personal loans from $300 to $10,000. There are three options of personal loans: small loans, medium loans and large loans.

Small Personal Loans

Our Small loans are unsecured and range from $300 to $2,000. They can be repaid over a period of 12 months. 

Medium Personal Loans

Our medium personal loans range from $2,100 to $4,600. Repayments will be arranged over a period of 13 to 24 months. Our medium-sized loans are secured loans which means collateral must be attached to your application. This could be in the form of a vehicle like a car, a boat or a motorbike.

Large Personal Loans

Large personal loans are also secured and range from $5,000 to $10,000 with repayment terms extending from 13 to 24 months. 

Eligibility requirements

While we want to make our cash loans on Centrelink accessible to as many people as possible, we do have a few eligibility requirements:

  • Be at least 18 years old
  • Have an active mobile phone number and email address
  • Be an Australian citizen or permanent resident
  • Have an online banking account
  • Have a history of at least 3 months of income on your bank account

Documents required

To fast track your application, make sure you have these documents with you when you apply.

  • Personal information such as date of birth, address etc
  • The reason for your application
  • Login details to your online banking
  • Your MyGov details (if you receive Centrelink payments or other Government benefits)
  • Your employment details

Why choose Jacaranda?

We are an online lender that specialises in personal loans. We like to keep things simple and easy with our 100% online, paperwork free application process. You can apply for a personal loan with us in under 10 minutes by following these simple steps:

Step 1: Apply online

Use our loan slider to select the amount you wish to apply for. Once you’re happy, press ‘Apply Now’ and complete the rest of your application.

Step 2: We assess your application

Once we have completed the application, along with all your supporting documents, we will begin processing. We will aim to get back to you in 60 minutes* (if you apply within our AEST business hours).

Step 3: Receive your money

If your application is approved, we will send you a copy of your electronic contract to sign. Once you have read and are happy with your terms, sign your contract and send it back to us. Once we have received it, we will send your funds straight to you. They could be in your account within just 60 seconds**.


Still have questions? Here are some answers to our most common questions.

How long do I have to be on Centrelink to get a loan?

We need to be able to see a consistent income into your account for at least 90 days to be approved for a personal loan with us. This is to ensure that you will definitely have the means to repay your loan.

What is a credit score?

A credit score is essentially a report card for your spending. It is used by credit providers as an indicator of your creditworthiness. If you have a poor credit score, this indicates that you may have defaulted or missed repayments on a loan or credit account. 

Do you conduct credit checks?

By law, we must conduct credit checks on all of our applicants. We also look at your bank statements. This is to get an indication of your financial situation in order to ensure that you can repay your loan.

What can I use my loan for?

You can use a personal loan for just about anything. Here are some examples of the most common reasons people take out a personal loan with us:

– Car repairs
– Rental bond
– Buying furniture or white goods
– Medical expenses
– Travel costs
– Unexpected or emergency bills
Debt consolidation
– Home renovations

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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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.