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Loans For Pensioners: Borrow Up To $10,000

November 15, 2019 9 minute read
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Daniel Wessels

Loans For Pensioners: Borrow Up To $10,000

What is a personal loan for pensioners?

Loans for pensioners are personal loans for those receiving a government pension. The Australian government offers a variety of pensions, including the age pension, disability support pension, pension bonus bereavement payment, and widow B pension. Personal loans can be difficult for pensioners to access since some lenders do not consider these payments as an adequate form of income.

Fortunately, Jacaranda Finance is a lender with a difference! We can help everyday Aussies on a variety of pension incomes, depending on their individual financial circumstances. Our loans for pensioners range from $300 to $10,000, with repayment periods varying based on the amount you choose to borrow. Apply to borrow money online in minutes and skip the hassle of visiting a bank branch. We’re always right in your pocket!

Can pensioners apply for loans?

Pensioners can apply for either an unsecured or secured personal loan with Jacaranda Finance. It can be difficult to obtain credit from a bank if you’re a pensioner or you receive a widow, disability or bereavement allowance. That’s why we can provide disability pension loans, carer loans and a variety of different loans for pensioners.

Who can get loans for pensioners?

The following pension types are accepted:

  • Australian aged pension
  • Widow B pension
  • Bereavement allowance
  • Carer payment
  • Disability support pension

At Jacaranda, we’re committed to helping every Aussie, no matter what pension or allowance they receive. We’re the money lenders for pensioners. We never automatically reject an application at first glance. We conduct a thorough assessment of your financial situation, including other avenues of income and expenses.

Let’s take a look at the types of pensions we can accept:

Australian aged pension

An aged pension is designed as an income for elderly citizens currently in retirement. To be eligible for the age pension, you must be 65 or older. However, the pension age will be pushed back to 67 come 1 July 2023, with the age limit increasing by 6 months every 2 years loan with no credit check.

Widow B pension

A pension payment is for a widow who cannot receive the Parenting Payment and has limited income after losing the financial support of their partner. How much Widow B pension you can receive is subject to your income, assets and other circumstances.

Bereavement Allowance

A short term allowance payment if your partner has recently passed. To be eligible, you must have had a partner who died less than 14 weeks ago, and you have remained single online loans.

Carer payment

A carer payment pension is an income to support someone who provides constant care to an individual with a disability, illness or an adult who is frail and aged.

Disability Support Pension

Financial aid to assist those with a permanent physical, intellectual or psychiatric condition that prevents you from working.

For more details about the requirements and benefits of each pension, visit the human services website.

Where can a pensioner get a loan?

If you’re a pensioner you may find it harder to get a loan from traditional banks, depending on your pension and other forms of income. At Jacaranda Finance, we don’t merely look at one criterion and say no. We assess the big picture, such as additional income, expenses and spending habits.

When the bank says ‘no’, we can say ‘yes’ to a bad credit loan. We’re committed to giving everyday Aussie pensioner a fair go at the finance they want. If you’re approved, we can provide instant loans for pensioners – that means money straight to your bank in 60 seconds*.

What types of loans for pensioners do we provide?

As Australia’s award-winning lender, we offer a variety of flexible loan options, including unsecured personal loans for pensioners and secured personal loans for pensioners. See a full list of the loan options we provide below:

Type of loanLoan amountLoan term
Unsecured$300 to $2,0003 to 6 months
Secured$2,000 to $4,60013 to 24 months
Secured$5,000 to $10,00013 to 24 months

So, whether you’re after small personal loans for pensioners or large loans for pensioners, we can help with flexible, smart loan options. If you have any questions about the types of fast cash loans we provide, don’t hesitate to contact our team via email or give us a call on 1300 189 823.

Can a pensioner borrow money?

Yes! To borrow money with Jacaranda Finance, you simply need to meet the following basic requirements:

  • Must be over 18 years of age
  • Be an Australian citizen or permanent resident
  • Receive a regular income for at least 3 months into a personal account
  • Have an active mobile number and email address

So, if you meet the above requirements, you’re eligible to apply for extra money for pensioners. To begin your application use the loan calculator located at the top of this page.

Loans for pensioners: what to information to have handy

If you receive a pension, you’ll be sick of filling endless bounds of paperwork. When you apply for a loan with Jacaranda Finance, you get to skip the usual paperwork and submit an application online in minutes. The following information is all you will need for your application:

  • Personal contact details, e.g. active mobile number and email address
  • The reason for your loan
  • Internet banking details
  • MyGov info
  • Employment contact details

If you have these details handy, you won’t have to stop your application to search for the necessary information. Should you need assistance, our team is on hand to help! Apply in minutes for the same day loans for pensioners you need now.

How do I apply for loans for pensioners?

You can apply with Jacaranda Finance for the loan you need in three simple steps. Whether you need quick cash for an accident or an unexpected expense – Jacaranda is the lender to bank on. Follow these steps below to apply for pensioner loans:

Step 1: You apply online

To begin your online application, use our loan calculator located at the top of this page. Select how much you wish to borrow and for how long. You’ll see an estimation of your possible weekly, fortnightly or monthly repayments. Once you are happy with your proposed loan terms, click on the ‘Apply Now’ button.

You’ll be taken to our application where we’ll ask you to enter a few more details, then you’re ready to submit! It’s all online for your convenience.

Step 2: We assess your application

After you submit your application, we’ll get to work straight away. In fact, we could let you know within 8 minutes if you’re eligible to borrow money or not. If we need any more information from you, we’ll also let you know via SMS or email. Otherwise, we should be able to deliver a loan decision within 60 minutes.**

Step 3: Money in 60 Seconds*

If we can approve your application, we’ll send you a contract to review, sign and send back. Once we receive your signed contract, we will transfer your loan straight to your bank in 60 seconds.* With Jacaranda, there’s no need to wait for the loan you need now!

Can we really transfer your loan in 60 seconds*?

Yes! Thanks to instant banking, you can receive your money in 60 seconds* if your application is approved. Basically, instant banking is made possible by the New Payment Platform (NPP) launched by the Reserve Bank of Australia. If you have any questions about whether your bank is NPP enabled, please contact your bank.

Receive your instant cash loans for pensioners in 60 seconds*, thanks to instant banking powered by Jacaranda Finance.

Do we conduct credit checks?

We do conduct credit checks. If you’re worried about your credit score, don’t let that deter you from applying for money loans for pensioners. We’re committed to giving every applicant a fair assessment while adhering to responsible lending practices. As a result, we can assist pensioners with the loan they need in minutes.

Can you get loans for pensioners with bad credit?

Yes, you can! When you apply with us, you’re applying for a fair go, no matter your credit score. If you’re worried about your credit score, you may be frantically googling ‘loans for pensioners with bad credit.’ Don’t sweat it – we’re glad you found us. We guarantee every applicant a fair go on the personal loan they need.

When we assess your application, we don’t just look at the credit score and say ‘no’. We look at the big picture, including other income, spending habits and expenses. That’s the Jacaranda Finance difference. We think you deserve a fresh take on poor credit, so apply in minutes for a fair go and get back to what you do best.

Responsible lending for the future

During every application, every assessment – we’re committed to responsible lending. We don’t approve any applicant that cannot afford to meet loan repayments. We believe in the importance of establishing and maintaining responsible lending practices. Simultaneously, we’ve also developed an accessible lending model that gives every Aussie a fair go.

By knowing precisely what’s coming in and going out, our team delivers a fair assessment, without merely looking a number. We use secure banking technology to electrically access read-only of your bank statements to best assess your current relationship with money.

If you have any concerns about how we use your information, please refer to our policy privacy.

Top 10 reasons you can apply for a pensioner loan

  1. Unexpected vet bills
  2. Furniture finance
  3. Relocation loans
  4. Swimming pool loans
  5. Engagement ring financing
  6. Unexpected bills
  7. Car repairs
  8. Debt consolidation
  9. Travel costs
  10. Car registration

Jacaranda Finance offers fast, flexible, easy loan options for a variety of reasons. Essentially any reason for a personal loan is valid unless it’s day-to-day expenses such as food or rent.

And of course, we provide quality loans for pensioners! Apply in minutes and don’t wait for the decision you need now. We deliver fast outcomes within an hour of applying** to make life that bit easier.

How do loan repayments work?

Fast applications. Smart decision. Money in 60 seconds* – what could be easier? How about repayments that are automatically debited from your account? We make it easier to never miss a repayment by setting up a direct debit with your bank at the beginning of your loan. You can make instant repayments without having to lift a finger. That’s the Jacaranda Finance difference.

What happens if you stop repaying your loan?

If there is not enough money in your bank account when the direct debit is sent, then a fee of $35 may be added to the balance of your loan. Our Jacaranda team is always on hand to help if you have any concerns about your current loan. So, if you know a missed repayment is on the horizon, chat to our team as soon as possible, and they’ll do their best to restructure your payments.

No paperwork, no worries

When you borrow money with Jacaranda Finance, we don’t require any physical paperwork. To keep our office green, and save you time, we securely access the information we need electronically. We offer can no paperwork loans no matter your credit score, or whether you receive a pension. Our team is on hand to give you a fair go, anytime, anywhere.

Ready to apply?

Great! Then use the smart loan calculator located at the top of this page. Complete our application in minutes and receive your decision within the hour**. If approved, you can have your money in 60 seconds*. Don’t wait for the cash you need, apply today.

*most people have their money in their bank account once they are approved and have accepted their contract within 60 seconds

**subject to when you submit your application

Daniel Wessels Avatar

Authoritative Source: Daniel Wessels

Young entrepreneur Daniel Wessels is the CEO and Founder of Jacaranda Finance. Although only in his early thirties, Wessels’ determination and adaptability has led him to successfully pioneer a range of other enterprises both here and abroad.

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Last updated: 13/05/2020, 3:57pm

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