Centrelink Car Loans

$50 to $5,000 paid out today!


100% No obligation loan quote


Get your cash in 60 minutes once accepted*


We don’t credit check or charge any fees†

Fast 3 to 36 month online loans.



Centrelink Car Loans

People on Centrelink often worry about how they can get approved for a car loan, especially when Centrelink payments are their main source of income. However, it is more than possible to take out Centrelink car loans. To qualify they just need to sign up for a secured vehicle loan. 

Many major lenders and banks would turn down Centrelink car loans applications from people that are on Centrelink. Thankfully, not all lenders will turn you down. There are specific providers who are happy to extend Centrelink car loans. These lenders will approve a car loan application provided that the Centrelink payments you are getting meet a specific income threshold where you can afford to pay back the loan without you getting into any financial difficulty. To find these lenders, it is so much easier to rely on the services of a broker, especially one with a wide network of lenders that you can potentially get paired with. 

Centrelink Car Loans

Eligibility of Centrelink car loans

When taking out any personal loan product, one of the most important criteria that a borrower has to meet is having a regular source of income. Most lenders are divided when it comes to Centrelink payments, however. Many think that they are not considered a valid source of income while there are also those that will be more than happy to consider it as such.

Often, this has much to do with the type of Centrelink payment you are getting. For instance, if you are receiving payments under Youth Allowance or JobSeeker, then these may not be considered a regular income because these types of Centrelink payments are only extended to borrowers as temporary assistance. The moment your circumstances change such as when you become part of the workforce or you get hired for a job, then you will no longer receive the payments. 

Other types of Centrelink payments such as NDIS or Insurance Scheme, government car loans, National Disability, rent assistance, Veteran’s payment, carer’s payment, car loans for pensioners on centrelink, as well as family tax benefits are receiving fixed payments on the regular. As a result, lenders that accept Centrelink car loans will also consider these Centrelink payments as regular sources of income. 

Aside from qualifying through how much you are earning, you can also qualify for a loan based on your credit score. If your credit records show that you have a good borrowing history with good financial standing and low debts, then this will further bolster the chances of you getting approved for a loan. In most cases, this could also help you get competitive rates.

What SamedayLend does not offer although we get asked a lot is guaranteed car finance no credit check no deposit centrelink, first things first no one can guarantee a cash loan so beware anyone offering this and secondly all our lenders require a credit check.

Getting approved for Centrelink car loans

If you’re on Centrelink and having a hard time getting approved for a vehicle loan, there are steps you can take which can help increase your chances. One way of doing this is through a guarantor. This is where you present somebody who has a good financial standing who will then help guarantee payment for the car finance. This means that in the event that you fail to make the loan repayments, the guarantor will be responsible for the debt. Guarantors are legally bound to take on the responsibility of paying off your loan in case you are unable to as this will be reflected on their credit history.

When you take out a loan with a guarantor in tow, lenders will look at you as a lower risk borrower. As a result, you will likely get offered more competitive loan rates. In most cases, this would also lead to the lender being happy enough to offer you a much higher loanable amount making it much easier to take out Centrelink car loans.

An alternative you can explore is taking advantage of an instant approval cash advance from the payments you are getting from Centrelink. Unfortunately, the figures involved with this arrangement are generally small and are more ideal when used to pay for emergency expenses that do not cost that much. This could include funding an urgent travel, paying for a utility bill that is a little more expensive than usual as well as replacing old home appliances and other similar expenses.

Age pensioners on Centrelink have the option of signing up for a loan via the Pension Loan Scheme offered by the government. To qualify, you need to have equity on or own a property asset.  Approval may be affected by the mortgages, reverse mortgages as well as outstanding liabilities attached to the real estate. This comes with a fixed interest rate of 5.25% PA. Also, the loan is subject to the maximum loanable amount. The arrangement is then paid back through instalments and not via lump sum.


Centrelink and credit history

Just because you are getting Centrelink payments does not mean that your credit is bad. Bad credit vehicle loans are generally aimed at people with bad credit ratings. This could be due to a payment or bill that they have defaulted in the past which then got recorded into their history for the next 7 years or so.

If you’re getting Centrelink payments with a credit card that you do not use that often and paying for your credit card debts within its interest-free period, and you do not have any outstanding debts at the moment, there is a very good chance that your credit score is above average. If you have kept your utilities paid on time and made sure that you get your phone plans paid on or before their due dates, then you may also have a good credit score. 

There is a misconception that lenders do not approve your Centrelink car loans because of your credit score. While it is true that they will look into your credit history when deciding on a loan application, it is not the only thing they will take into account. Many times, online loan rejections happen because lenders can see that a borrower does not have the means to fulfill their loan obligation due to the limited income that they are earning. Lenders need to make sure that a loan is not going to leave you in even worse financial standing due to you not being able to afford the repayments.

It doesn’t matter if your income comes from a regular job or solely from the Centrelink payments you are receiving. What you should look into is whether you are getting enough to comfortably afford the loan repayments as well as the other expenses attached to owning a vehicle such as insurance, maintenance, fuel and registration costs. 

While you may not have a hard time affording a smaller loan with your current income, the lenders might see that you will have a hard time affording the regular repayments for something more substantial which is what you will need if you are to get a car. In addition, not all lenders will look at Centrelink as a source of income another option tho is rent to own cars Centrelink approved.


Steps in applying for Centrelink car loans or jobseeker car loans

Set a budget

Before signing up for Centrelink car loans, find out first how much you can really afford to pay for repayments. This means assessing how much you are earning and how much your regular expenses are. The remaining amount you get will be how much you can afford to spend on repaying a car loan. You can also use a loan calculator to give you a better grasp of what the repayments are going to look like for the term you prefer. Among the things you need to consider are:

  • The amount of the loan
  • The interest rates and other fees that will be attached to the loan (this could include starting payments, late fees, redraw charges, account keeping fees, early exit penalties, as well as administrative charges)
  • The specific term of the loan
  • The approved repayment term for how much you are borrowing

Talk to us

As a lender finder, SameDaylend can help get your Centrelink car loan application processed quickly so we can then pair you with the right lenders. It can take a long time to look for the right lender on your own. Save time and effort by having us do the work instead. We can get you an outcome in as fast as 60 minutes, so you wouldn’t need to wait that long. 

Look for a guarantor

If you really want to increase your chances of getting approved, then it is advised that you get a guarantor for the loan. It could be a family member or a trusted friend. The presence of a guarantor will shield the lender from risks which means that they will be more willing to grant you a loan to get a car. 

Send an application

When you are ready to send an application, make sure to gather all pertinent documents as everything will be online. It should only take a few minutes to fill out the form. Click submit and our loan consultants will take care of the rest.

SamedayLend.com.au (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).  

SamedayLend.com.au is not a lender and does not make credit decisions. SamedayLend.com.au matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. 

Consumer Advisory: SamedayLend is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.