Centrelink Loans

26. November, 2012 Articles 4 comments

Centrelink has many options available for those needing loans. Some of the available options depend on the need and many provide the lower borrowing limits that banks don’t provide. For anyone on Centrelink that find they are in need of loan assistance, they should look into some of the following options. The below options are tailored to help individuals and families access funds for important household needs and emergencies.

If the below options are not ideal for your specific needs or you need cash immediately. There are other non-Centrelink options available through certain niche lenders, learn about other Centrelink loan options here.


1. Pension Loan Scheme. If you at the age to begin receiving pension and have real estate in Australia; you may be eligible for this type of loan. You may be collecting partial pension and still get this assistance. The amount of the loan will depend on the equity you have in the property that is used as collateral and your age at the time the loan is given out. The best part is that the loan is not taxed. Repayment of the loan can be done at any time. If you die, the estate will owe back the loan and if you sell the home arrangements must be made so that the loan is paid back out of the proceeds.

2. No Interest Loan Scheme. Are you in need of a loan that is $1200 or less? If so, then this may be the loan for you. Providing the money needed for things like household appliances, furniture, and even education makes this loan a great option for many people receiving Centrelink benefits. These loans are safe and provide you with the funds needed to handle minor financial needs with no fees and interest.

3. Good Money. This financial center in Victoria gives consumers getting Centrelink benefits opportunities to get cost effective credit and low interest loans for household goods. Good Money works in concert with Good Shepherd microfinance and the National Australian Bank. Not only do they provide loan assistance, but they offer financial counseling for those having difficulty managing on their limited incomes. If this is your situation; you owe to yourself to see what may be available.

4. Microfinance. These loans are specifically designed for people on low incomes such as those on Centrelink that need assistance to reach financial independence. Contrary to the types of loans you see given in third world countries for people to run their own businesses; these loans are for essential needs to be met in families. The Good Shepherd is one of the most well-known organisations for providing these types of loans. They offer different types of NILS, STEP Ups and the saver matching program Adds Up. They also offer a buying service in Victoria with a goal of finding less expensive household items for families on Centrelink.

Centrelink often opens the doors for consumers to receive loans that can help them with basic necessities. By contacting the Department of Human Services; you can find out about all loan programs that may be available. Before attempting to borrow money from a commercial entity see if a Centrelink loan may be available. With Pension Loan Schemes, No Interest Loan Schemes, organisations like Good Money and microfinancing; you are sure to find something that meets your needs at a payment you can easily afford.


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  1. James

    3 / 20 / 2013 12:35 am

    Many seniors are on Centrelink and its good to find loan options that don’t just include dodgy payday loan companies


  2. jai

    12 / 25 / 2013 3:50 am

    Thanks for the help, so thankful for the great info provide and the help with getting loan help


  3. enrico rodger

    2 / 12 / 2015 3:45 am

    Good day, I am trying to find information on centre link loans but Im not so good on the computer,the system seem to be going round in circles.





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