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The maximum you will be charged is a 20% Establishment Fee and a 4% Monthly Fee. Under the current legislation lenders do not charge an annual monthly interest rate for our Small Amount Credit Contracts. You may know this as Annual Percentage Rate or APR(%). Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Personal Loan Pal can find lenders offering cash loans for Centrelink customers with bad credit!

Cash loans for Centrelink customers with bad credit are personal loans for those who have bad credit and are receiving Centrelink payments. Cash loans for Centrelink customers with bad credit range from $200 to $5,000. They can be secured or unsecured and be repaid over a 12 to 24 month period; these factors are both dependant on the loan amount.

Living on Centrelink can be a tough slog. Whether you rely solely on these payments or they supplement your income, it’s likely to not be your preferred situation. However, receiving Centrelink payments and having bad credit is nothing to be ashamed about. We all experience financial ups and downs from time to time.

If you’re a Centrelink recipient with bad credit, a surprise bill could leave your bank account looking a bit low in the short-term. That’s where cash loans for Centrelink customers with bad credit could get you the funds you need fast!

Here at Personal Loan Pal (or PLP for short), we aim to help out all sorts of clients who are looking for bad credit Centrelink loans. If you like the sound of cash loans for Centrelink customers with bad credit but you’re not quite sure, don’t worry! We’re about to give you the lowdown on all things bad credit Centrelink loans to give you a better idea of what they involve. Who knows – cash loans for Centrelink customers with bad credit might be just what you’re looking for!

cash loans for centrelink customers with bad credit

What are cash loans for Centrelink customers with bad credit?

Unlike some other financial jargon which seems to complicate a pretty simple concept, cash loans for Centrelink customers with bad credit are pretty straightforward. They’re simply cash loans that can be accessed by people from all walks of life, whether you have bad credit or are receiving Centrelink payments.

Now, if your only previous experience with loans involved a bank, this might seem too good to be true. The banks might lead you to believe that having bad credit and receiving Centrelink payments will mean that you are unable to access a loan. That is because more traditional lenders can sometimes use your credit score as the sole way to assess your ability to afford a loan. If you have a low credit score, they may see this as a sign that you’re less likely to make your repayments. This, of course, is not necessarily true.

If you’re looking for cash loans for Centrelink customers with bad credit, the best place to go is online. There are numerous online lenders who are willing to offer loans to those with bad credit. Not only that, but they can consider Centrelink payments that are consistent and reliable as income! Going to the bank is no longer your only option when looking for a loan. In fact, online lenders might be able to help you where the banks can’t, or won’t.

How can PLP help with cash loans for Centrelink customers with bad credit?

PLP is a lender-finding service. This means that we can find providers of cash loans for Centrelink customers with bad credit.

The internet is a big place, and the same is true for the online lending market. Whether you’ve searched the internet for finance options before or not, it can be a lengthy process. You need to sort between all the lenders out there in order to find one that offers the type of loan you’re after and will consider your application. Going through every single available lender could take hours.

If you’re wondering why there isn’t an easier way to find lenders, you’ll be happy to know that there is! Stress-free lender-finding is exactly what PLP provides. Rather than scrolling through page after page of search results, simply scroll up to the top of our website. When you choose PLP, a simple application is all the hard work that you have to do. We can save you time by looking for lenders for you. If we find one, we can also refer you to them super fast.

If you want to find a lender but don’t want to spend hours hunched over your computer doing so, choose PLP.

What makes PLP the best way to find providers of cash loans for Centrelink customers with bad credit?

When it comes to finding lenders, there’s simply no better service than PLP. However, it’s easy for us to just say that – it’s another thing entirely to prove it. While we could go on all day about how our service could help you, we’ve decided to distil all that awesomeness down into five of the best things about PLP.

  • Quick and easy applications. We know you’re sick of filling out countless pages of paperwork just to apply, so you know what we did? We decided to adopt the mantra of “out with the old, in with the new.” You can apply for our service in just a few minutes!
  • Fast outcomes. We don’t mess around when it comes to delivering outcomes. Regardless of the result of our search, we always aim to inform you of it as soon as possible. If we find a lender for you, we can refer you to them just as fast!
  • 100% online. Convenience is key. You don’t have to make any appointments, or even leave the house if you don’t want to. Simply scroll up and click Apply Now. As long as you have a compatible device with an internet connection, you can apply anywhere at anytime. If you’re out and about, you can even do it from your phone!
  • We save you time. Why spend hours searching for lenders when you don’t need to? Simply take a few minutes to apply with us and we’ll look for lenders for you!
  • Excellent customer service. We’re here to help if you need us. You can either contact us right here on our website, or send an email to hello@personalloanpal.com.au. We’ll get back to you as soon as possible.

Sound good? If so, the next step is to apply.

How do I apply with PLP?

Our goal at PLP is to make it easier for clients to get in touch with providers of cash loans for Centrelink customers with bad credit. It wouldn’t make sense if our application process was long and convoluted, full of unnecessarily complex and unreasonable criteria. Come with us as we take you through our easy application process.

Step One: Check If You Qualify

We do our best to help out the little guy. At PLP, those who mightn’t have had much luck with obtaining finance from the banks in the past are welcome. However, there are still some basic requirements for our service. Each client must meet these criteria in order for us to have the best chance of finding a lender for you. But don’t worry! We won’t treat you like a dog show contestant and make you jump through hoops to apply. All you have to do is tick four simple boxes.

You must:

  • Be at least 18 years of age;
  • Be an Australian citizen or permanent resident;
  • Have a personal bank account into which you’ve been receiving a consistent income for at least the past 90 days;
  • Have a direct mobile number and email address.

What allows us to find lenders for people on Centrelink is that we can consider these payments as income. As long as they are reliable and you meet the other criteria, you can apply with PLP.

Step Two: Applying

In truth, there’s not a whole lot to this step. Our application process is so fast and easy that you could be done in just a few minutes. Once you’ve submitted it, our work starts. We’ll do our best to find a lender for you. No matter what, we’ll always try to deliver fast outcomes.

Does PLP conduct credit checks on cash loans for Centrelink customers with bad credit?

No. Conducting a credit check is not part of our process for finding lenders. That being said, some of the lenders that we can find for applicants may conduct credit checks.

Regardless of how low or high your credit score is, you don’t have to worry about credit checks when you apply with PLP. Even if we find a lender for you that does conduct credit checks, they won’t reject you just for having low credit. In fact, they tend to focus on your income as well in order to get an idea of your ability to make repayments.

So, there’s no need to panic and frantically search for “cash loans bad credit Centrelink” online. A credit check from one of our partner lenders doesn’t necessarily mean the end of your loan journey. Whether you’re looking for loans for pensioners, or for those receiving a different kind of Centrelink payment, we might be able to help you find a lender.

How much do cash loans for Centrelink customers with bad credit cost?

The purpose of our service is to find lenders. A such, we don’t control the costs of cash loans for Centrelink customers with bad credit. The exact fees and terms that are applied to different cash loans for Centrelink customers with bad credit depend on a range of factors, chief of which are your lender and the loan amount.

So, we can’t guarantee the costs of cash loans for Centrelink customers with bad credit. However, we can give you an idea of the typical types of costs you might expect.

Small Unsecured Cash Loans for Centrelink Customers with Bad Credit

  • Loan Amount: Minimum – $200; Maximum – $2,000.
  • Repayment Period Terms: Up to 12 Months.

Medium Secured Cash Loans for Centrelink Customers with Bad Credit

  • Loan Amount: Minimum – $2,001; Maximum – $4,600.
  • Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.

Large Secured Cash Loans for Centrelink Customers with Bad Credit

  • Loan Amount: Minimum – $5,000; Maximum – $5,000.
  • Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.

Keep in mind that these are not definite, and you should always refer to your lender for final loan costs and terms. For further clarification or information, head to our costs page, or use the MoneySmart personal loan calculator.

Are cash loans for Centrelink customers with bad credit what you’re looking for?

If you’ve typically had difficulty obtaining loans in the past, there are other options. Cash loans for Centrelink customers with bad credit might just be what you’re looking for. To find lenders offering these bad credit Centrelink loans, apply with PLP.

If you’d like to know more about us and our lender-finding service, you can check out how it works or our FAQ page.

So if you’re ready to go, scroll up and apply now! And who knows? A quick application could be all that stands between you and finding a lender offering cash loans for Centrelink customers with bad credit!