Frequently Asked Questions. What is the maximum loan repayment for a Centrelink loan? You can only borrow an amount that has loan repayments that are less than 10% of your income. The amount of your loan ($200-$2,000) and term of your loan (1-6 months) will affect your repayment amount.
You can apply for up to $2,000 in-store or online for anything from a car repair to an unexpected vet bill. Getting a Centrelink loan with us is a fast and simple process. It'll only take a few minutes to fill out our online application, with money in your account within 24 hours after the loan is approved.
You can get a fortnightly loan payment up to the full 150% of the maximum rate of your qualifying pension. If you are Age Pension age or older, your qualifying pension will be the Age Pension.
Small loans from $2,050 – $5,000 approved. Apply now Apply in less than 10 minutes.
The maximum we could lend with 100% Centrelink income is $10,000.
The Work Bonus income bank is useful for pensioners who wish to work, particularly those who undertake intermittent or occasional work. Note: from 1 December 2022 to 31 December 2023, a one-off, temporary credit of $4,000 applies to Work Bonus income bank balances.
A payment to help students with the cost of moving from regional or remote areas for tertiary study. The Tertiary Access Payment (TAP) is a one off payment of up to $5,000. It's to help eligible students with the cost of moving to study.
The one-off Australian Government Disaster Recovery Payment (AGDRP) was rolled out in July last year, offering $1000 for each eligible adult and $400 for each eligible child.
As long as you are receiving some form of consistent Centrelink payments and you have proof of this payment then you certainly are eligible for a Centrelink loan.
At Sure Cash Finance, we offer both fast Cash Loans from $300-$2000 and Personal Loans from $2001-$5000. Our Centrelink loans are these same loans with no extra catches. Put simply, Centrelink loan solutions are our fast, flexible loans, only for people on Centrelink.
You may get part of your income support payment or Family Tax Benefit (Part A) early. This is an advance payment. You pay it back later out of your payments from us.
Centrelink offer new parents payments of up to $2000. There are 3 ways you can access this cash: The most common payment option to support new parents is through Centrelink's Family Tax Benefit. If you already receive this, you could be eligible for up to $2091.84 in additional payments.
Centrelink: Call 136 150
Special advance payments – in extreme circumstances you can get an early Centrelink payment rather than having to meet the waiting period. Special benefits – if you are in extreme financial hardship and don't qualify for other Centrelink benefits you may be eligible for a special benefit.
Education Loans
If you need help paying for school, federal student loans (under the Direct Loan program) are probably your best option. They are easy to qualify for, they have competitive rates, and they offer flexibility when you're getting on your feet (and when you face financial hardships in life).
The bonus will be paid to workers providing care and support in Government subsidised home care and to residential aged care workers. The payments will be for clinical care workers and expanded to all those providing direct care, food or cleaning services in Government subsidised residential care.
Carer Supplement is an annual payment of $600 for each eligible payment you get. You'll get this on top of your regular payment.
The Cost of Living Payment is a $250 one-off payment to help with the cost of living. The Cost of Living Payment is not taxable, and you don't need to report it as income.
You have $300 of Work Bonus available each fortnight, which can accrue up to the maximum amount. When your Work Bonus eligible income is less than $300 a fortnight, we'll reduce your income to zero.
Eligible pensioners have had $4,000 credited to their Work Bonus balance since 1 December 2022, increasing the maximum Work Bonus balance from $7,800 to $11,800. This measure extends the increase to 31 December 2023. The Work Bonus concession of $300 per fortnight will stay the same.
The Government has provided two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. Around half of those that benefit are pensioners. These payments will support households to manage the economic impact of the Coronavirus.
No, Beforepay doesn't have any involvement with Centrelink. However, to use Beforepay, any money you receive from Centrelink cannot make up more than 50% of your income.
As loans are financial assets, income is deemed from the current balance and the onus is on you to update Centrelink as the balance reduces over time . If repayments are not made or you do not update Centrelink, then the full balance is deemed under the asset rules on an ongoing basis.