Personal Loans for people on Centrelink
If you are on a Centrelink pension, a benefit, an allowance, then you can still get a loan. It is going to be a small loan of no more than $2000, and the repayments are likely to be something you can afford to pay back every fortnight or week, but Personal loans for people on centrelink, or on a low or fixed income can be approved.
How is it possible to get personal loans for people on Centrelink approved?
Simple! There are dozens of online lenders that specialise in personal loans, to people who aren’t on a regular income, because these lenders know that in Australia, there are some people on a pension, on a Centrelink pension, or on a fixed income. And these lenders can offer low interest rates, and arrange the repayments so it may be over a longer period of time, but they will be low.
How soon can these personal loans for people on Centrelink be approved?
Usually they will ask you to fax your Centrelink pension slip over to them, and if you have any other forms of incomes, they will ask you to fax that over too. Once you have applied online, you may even get a call from them, and they may ask you some questions over the phone. Either way, you will get an answer within 24 hours of applying. Apply online and find out!
There’s a very good chance that you will get approved! Why? They understand that the reason you are borrowing money are for simple things, maybe fixing up the car for rego, or a hospital bill, or you may even want to pay off a few small bills that came in. But these lenders can see you repay the loan. Lenders will ensure that their loans for people on Centrelink are responsibly managed and it is a responsible product. They don’t lend money if you can’t afford the loan!