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Micro Loans For Centrelink Customers

As a Centrelink customer, you’re probably on age pensions, disability pensions, or other forms of income where you only get a fixed amount of money every month. A sudden emergency or unexpected expenses can be a real issue for you, especially if it’s midway through the month. Thankfully, micro loans for Centrelink customers can come to your rescue!

1. Micro Loans For Centrelink Recipients - What Are They?

Micro loans for Centrelink customers refer to loans explicitly designed for Australians on benefits. If you earn most or all of your income from Centrelink benefits and are looking for a way to access loans during emergencies, micro loans for Centrelink customers are an excellent choice.

If you receive benefits from Centrelink, you may not have many loan options open to you. Most banks and traditional lenders have strict criteria for lending to people without jobs. However, contrary to popular belief, you can still access small loans while enjoying the benefits of Centrelink.

Micro loans for Centrelink customers are available from Centrelink itself, community initiatives, non-profits, and specialist lenders that you can access through Gday Loans. You can borrow from $100 to $5,000 depending on the lender, even with a bad credit history.

2. Types of Micro Loans for Centrelink Customers

Emergency Cash Micro Loans For Centrelink Customers

The Department of Human Services (DHS) allows you to borrow Centrelink emergency cash loans known as advance payments of the benefits you’re getting from Centrelink. You’ll get part of your Family Tax Benefit or income support payment early and pay it back later out of your Centrelink payments.

Micro Loans For Centrelink Customers – NILS

You can also apply for a No Interest Loans Scheme (NILS) outside of Centrelink. NILS provides individuals and families on Centrelink with fair, safe and affordable loans without charging any interest. The design of NILS aims to offer a helping hand to Centrelink recipients and low-income borrowers, and it isn’t necessarily a bank loan or short-term loan.

It’s set up more like a circular community credit. Once a borrower successfully repays their loan, funds are freed up and made available for someone else in the community.

NILS allows you to borrow up to $1,500, and you can access them in around 178 community organisations scattered in 600 locations across Australia. There’s a high chance that there’s one near your area! NILS main aim is to provide low-income Australians with the financial access they require and which would be almost impossible to get through regular financial channels.

You have to meet various requirements to qualify for a NILS loan, including:

  1. You’ve been a resident of your current address for a minimum of three months.
  2. You have the ability and desire to repay the requested loan amount.
  3. You earn a salary below $45,000 a year after tax deductions or have a healthcare card or a pension card.

Remember, NILS doesn’t provide cash loans, and you can only use the funds for essential services and goods. Common uses include:

  1. Specific dental and medical services.
  2. Household items and white goods.
  3. Costs and expenses related to your car.
  4. Electrical goods.
  5. Educational items like textbooks and laptops.

3. Features Of Micro Loans For Centrelink Customers

Flexible Loan Amounts

Micro loans for Centrelink customers feature flexible amounts that cater for all kinds of Centrelink borrowers. Whether you’re a student, pensioner, widow or low-income individual or family, you can find a suitable loan amount for your needs. You can access loans from $50 to $2,000 tailored to your needs and personal circumstances.

Borrow Money Online

Micro loans for Centrelink customers can be accessed online from Centrelink or other lenders through a quick and easy online application process. Simply sign in and apply, and you’ll know whether you’re eligible or not. If you can’t apply online, you can print and complete various forms depending on the type of benefits you receive.

Easy Repayments

Repaying micro loans for Centrelink customers is straightforward. The owed amount is repaid every fortnight after receiving your advance and is automatically deducted from your Centrelink payments. You can repay your early, but you’ll not be able to borrow another loan straight away.

Little To No Interest Rate

Most microloans for Centrelink customers feature little to no interest rate. The highest you can pay is a fixed interest rate of 5.99% per annum. Under the Australian government lending regulations, any amount below $2,000 does not attract any interest rates. Therefore, you’ll likely only repay the borrowed amount.

4. Example Of Micro Loans For Centrelink Customers

Loan Option

Interest Rate


Loan Amount




$300 - $1,200


5.99% (fixed)


$800 – $3,000

Advance Payment



$50 -$1,237



$199.50 - $399

$1,000 - $2,000

5. How Much Can I Borrow From Centrelink?

The borrowing limit depends on the kind of payment you get from Centrelink. Here’s how much you can borrow with different Centrelink payments:

Family Tax Benefits Part A

You can’t borrow over $1,161.71 if you get FTB Part A. You’re allowed to ask for a one-off advance at any time, and you can only get one regular advance at a time. For ordinary advances, the amount you can borrow is 3.75% of the standard rate for children under 13 and paid out every 26 weeks as long as you’re eligible or until you request it to stop.

The highest amount you can borrow is 7.5% of your annual rate for a one-off advance.

Disability Support Pension, Age Pension or Carer Payment

In any 13 fortnights or six months, you can only get one advance at the highest amount, up to advances of smaller amounts or three advances at the lowest amount. The highest and lowest amounts change along with pension amounts every March and September. If you’re single, the highest amount is $1372.66, and the lowest is $457.55. For couples, the highest is $1034.70, and the lowest is $344.90.

JobSeeker Payment, Austudy, ABSTUDY, Parenting Payment, Student And Job Seeker Youth Allowance, Widow Allowance

The highest advance you can get is $500, and the lowest is $250. You can receive it all at once or in two instalments.

Special Employment Advance

The highest amount you can borrow is $500, and the lowest is $50. You can apply if you get a job and don’t have enough money to cater for something you need to start it or when your income support gets reduced by at least 50%.

6. Advantages And Disadvantages Of Microloans For Centrelink Customers


  • • The application process is quick and easy
  • • The requirements are less strict compared to other types of loans.
  • • Little to no interest rates means you only pay back the amount you borrow, and there are no additional fees.


  • • Eligibility depends on the type of benefits you’re receiving. You may not qualify for microloans for Centrelink customers if you receive specific types of benefits. This is where specialised lenders like Gday Loans come in. as long as you can afford to repay the loan using your Centrelink payment, Gday Loans can connect you to lenders who specialise in lending to Centrelink customers.
  • • The loan amounts are limited. The type of benefits you receive from Centrelink also limit your borrow amount to a specific limit. With personal loans from Gday Loan’s lenders, only your affordability determines the amount you can borrow.
  • • The use of the loan is restricted. Most microloans for Centrelink customers are not cash loans, and you can only use them for specific goods and services. In contrast, you can use personal loans from Gday Loans for any purpose or need without restrictions.
  • • You can only get a cash advance a few times, and if you repay early, you have to wait before re-accessing the service. With Gday Loans, you can borrow as much as you want, provided you repay the previous loan in full and on time. You even qualify for higher amounts the more you borrow and repay diligently.

7. Who Can Take out An Advance Payment? – Eligibility Criteria

Eligibility will depend on the type of benefit you’re receiving. You can apply for advance payment if you’ve been receiving any of the following for at least three months:

  • • Age Pension
  • • Disability Support Pension
  • • Farm Household Allowance
  • • Parenting Payment
  • • Jobseeker Payment
  • • Carer Payment
  • • Youth Allowance For Job Seekers
  • • Widow Allowance

You can also apply for Centrelink emergency cash at any time if you’re getting any of these payments:

  • • Family Tax Benefit Part A
  • • Austudy
  • • Student Youth Allowance
  • • ABSTUDY Living Allowance
  • • Mobility Allowance

Unfortunately, not everyone will qualify for an emergency cash advance payment. You may not be eligible if;

  • • You owe a debt to the government.
  • • You’re repaying an advance you got more than 12 months ago.
  • • You can’t afford to repay the loan within six months.
  • • You live outside Australia.

If you wish to take out an advance payment outside of Centrelink through specialist lenders at Gday Loans, you first must meet a few simple eligibility criteria. These include:

  • • You’re at least 18 years of age.
  • • You have Australian citizenship or permanent residency.
  • • You have a personal email address and phone number.
  • • You have an active bank account with at least three months of banking history.

8. Centrelink Recipient Microloans – How to Apply

Gday Loans connects you to some of Australia’s most trustworthy and reputable lenders who offer microloans for Centrelink customers. You can apply through a few simple steps.

The first step involves deciding on the loan amount you wish to borrow. You have to check what it will cost you to repay realistically based on your Centrelink payment. The second step involves gathering the required documents and having them ready to expedite the loan process.

Documents that lenders will require include;

  • • Valid identification like a driver’s license or Medicare information.
  • • Your bank account details
  • • Proof of Centrelink income from the previous three months.
  • • Copies of your bank statements.

The third step involves completing the easy to fill online application form at Gday Loans. You can fill it out in a few minutes, and you’ll need to provide your personal information, financial details and monthly expenditure information.

Once you’ve captured your information, Gday Loans will do the legwork and find the most suitable lender for you in a matter of minutes. You’ll then be connected to the lender directly, and they’ll provide you with a loan agreement for you to review and sign. Ensure you read it carefully and if you’re okay with terms, simply sign, return it and await funds disbursement! Most lenders at Gday Loans offer same day payouts, and in case of any delay, you’ll receive the funds within 24 hours at the latest.

9. Instant Cash Loans On Centrelink 24/7

Gday Loans allows you to borrow money online from a comprehensive panel of the most reputable lenders in Australia. You can access instant cash loans on Centrelink 24/7 from anywhere, anytime, through a quick online application process.

We’ll connect you to lenders who offer microloans for Centrelink customers with quick approvals and payouts on the same day you apply. Application and approval only take minutes, and you can get the funds within an hour if you apply early within business hours. If you apply at off-peak hours, rest assured you’ll get the funds early in the next business day.

10. FAQ's

What Is A Crisis Payment Centrelink?

A crisis payment is a one-off payment meant to help you if you’re in severe financial hardship or you’ve experienced an extreme circumstance. There are different types of Crisis Payments for different situations, and to be eligible, you must:

  • • Be experiencing severe financial hardship.
  • • Get or be eligible for Centrelink benefits
  • • Be experiencing an extreme circumstance.

An extreme circumstance involves experiencing any one of the following:

  • • Incidents of domestic or family violence.
  • • You or someone you care for must self-isolate or quarantine due to COVID-19.
  • • A natural or other disasters not covered by disaster relief forces you to leave your home.
  • • You’ve just left prison or psychiatric confinement.
  • • You’re a humanitarian entrant who arrived in Australia for the first time.

Can I Get Cash From A Short Term Lender On Centrelink?

Yes. Through Gday Loans, you can access reputable lenders in Australia who specialise in advancing cash loans to Centrelink recipients. If you’re eligible and can afford the loan, you can have money in your pocket on the same day you apply!

Can I Get Micro Loans For Centrelink Customers Weekend Payout?

No. Payouts are generally dependent on banks, and they usually don’t process transfers on public holidays or weekends.

Can I Get Microloans For Centrelink Customers With Bad Credit?

Yes. At Gday Loans, we work with lenders who welcome all types of borrowers. Instead of focusing on your past financial issues, they consider your current circumstances and whether you can afford to repay the loan.

Can I Apply For Multiple Microloans For Centrelink Customers At A Time?

Although it may be possible, it’s not advisable. The last thing you want is to have multiple debts that become difficult to repay. Before taking out a second microloan, ensure you’ve repaid the first one in full to avoid penalties and a negative credit score.

How much would you like to borrow?

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100% Safe and secure. Apply with confidence, your privacy is always protected.