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How can a pensioner access a loan?

Posted March 7th, 2011 and last modified August 29th, 2014

Regular loans aren’t available for pensioners, although there are some other ways for pensioners to receive a financial helping hand if they need one.

Why aren’t pensioner loans available?

Many investors and lenders are unwilling to assist pensioners with personal loans for several reasons. They fear that the pensioner, depending on their age and health, may die before the loan is paid off and no one else will be able to pay the outstanding debt. Also, a pensioner’s income level isn’t likely to increase. This means if a pensioner get into financial trouble, there are no additional funds which may arrive through pay rises to help them pay the loan off. Many retirees often have a low fixed income and some could possibly have impaired credit.

 K24 Short Term Loans

Borrow up to $1200

K24 Short Term Loans offer a fast and easy online application. You can apply even if you are on Centrelink benefits - conditions apply.

  • Loan Amount: $1200
  • Loan Term: 16-50
  • Turnaround Time: Same Day
  • Total Cost of Borrowing $100: 24% of loan principle
  • Must be 18+
  • No security needed
  • Borrowers on benefits considered
  • Confidential and secure!

    Comparison of Payday Loans

    Rates last updated September 2nd, 2014.
    Personal Loan Loan Amount Term of Loan Turnaround Time Requirements Total Cost of Borrowing $100
     K24 Short Term Loans
    K24 Short Term Loans
    Apply online for a short term loan - all borrower types are considered. $1,200 16-30 days Same Day - conditions apply You must be over 18, employed and earning a steady source of income. 20% of principal amount (establishment fee) + 4% of principal amount per month. ApplyMore

    Who can help me?

    The No Interest Loans Scheme (NILS) was designed by the Australian government for people on welfare benefits who need a way to access credit. The scheme can offer loans usually up to $1200 for terms of 12 - 18 months for people on low incomes. A NILS loan also has no interest charges or fees.

    You can use NILS to purchase the following;

    • Essential household goods e.g. fridges, computers, washing machines, computers or furniture
    • Health items such as medicine, wheelchairs or asthma pumps
    • If you live in an area where there is little or no public transport, you can use the NILS to pay for car repairs

    NILS providers are based in local organisations and community centres around Australia and can be found though the Good Shepherd MicroFinance site. To be eligible, you need to show that you can repay the loan within 12 to 18 months and have a Centrelink Health Care or Pensioner Concession Card.



    What are my options?

    • ANZ Personal Loan. ANZ do offer personal loans to people on an aged pension, but you have to prove that you can service the debt by meeting the minimum income criterion. To prove your worthiness to purchase a home, you need to present yourself as financially stable. If you have an active credit and a regular source of income, the bank might see you as someone eligible for a personal loan. If you own properties of any kind, you can use these as a security towards the loan.
    • Low Documentation Loans. If you’re worried that your bank will see your income as a disqualifier, you can apply for a low doc loan. This means that you only need to provide very little documentation in order to be approved for a home loan. However, low doc loans only let you borrow up to 80% of the security offered up, and generally have a higher interest rate.
    • stepUP Loans by NAB. NAB and Good Shepherd Microfinance have teamed up to offer personal, unsecured loans between $800 and $3000 for individuals and families on a low income. The interest rate is offered at 3.99% and can provide credit for the purchase of essential goods and services. Recipients are also mentored by a microfinance worker through the loan term. To be eligible you need to hold a current Centrelink Health Care Card or Pensioner Concession Card, and have lived at your current address for more than three months. You must be able to attend a face to face interview at one of these locations.
    • Payday Loans. Sometimes you may just want a loan to get you by while you are waiting for money to come in. These loans are called payday loans and can help you survive the short term. The main advantage of a payday loan is the ease of application and the fact you can get exactly the amount you need, instead of having to deal with a minimum or maximum amount. In regards to disadvantages, a payday loan can have expensive fees.

    Centrelink Schemes

    Centrelink Cash Advance - Age Pension and Disability Support Pension

    If you already receive Centrelink payments, you may be eligible to receive part of your payment in advance as a single payment, called an advance payment. The rules differ according to the type of payment you receive, how long you have been receiving it and the amount you receive.

    For those on an age or disability support pension, the number of advance payments that can be taken over any given six months are;

    • one advance payment at the maximum amount
    • one or two advance payments greater than the minimum amount, or
    • three advance payments each at the minimum amount.

    What amount is available to me (regular pension)?

    Advance amount Single pension customer Partnered pension customer
    Minimum $370.05 $278.95
    Maximum $1110.15 $836.85

    Pension Loans Scheme.

    If you’re of age pension age but don’t receive the pension for whatever reason or receive it a reduced rate, you can access the capital in your assets to provide extra income. The Pensions Loan Scheme provides financial support in the form of a loan for a short time, or indefinite period. It is paid in regular fortnightly non-taxable repayments and you can nominate an amount up to the maximum age pension payment. To be eligible, you need to have real estate in Australia to use as security for the loan, and meet the age pension residence requirements. The total amount of your loan depends on the equity you have in the property you offer, and the loan may also be repaid from your property after your death. To claim a pension loan, you can register an ‘intent to claim’ with Centrelink - this will help you get paid from the earliest possible date.

    Case Study - Using a credit card and due diligence

    Mandy currently receives the disability pension through Centrelink after experiencing back problems from her old job. She applied for a GE Credit Line credit card and purchased $1000 worth of furniture at Harvey Norman, where the maximum interest free period applied. While GE kept sending her minimal credit increases, Mandy never did any cash advances on her card and made all her repayments on time via direct debit.

    By being disciplined in her repayments and knowing exactly what purchases had interest free periods, Mandy could budget for her new furniture.

    Shopping around

    Before you choose a personal loan from just any lending institution, you should do your homework. First, find the institutions that offer personal loans for pensioners. Then, compare the various loans against each other to determine which one offers the best deal. You’ll want to pay attention to the interest rate you’re being charged, along with any hidden charges and fees. You should also make absolutely sure you never borrow more than you can comfortably afford to repay.



    Applying for a loan

    A personal loan for pensioners may not be easy to access or available to many, but it could help you get your head above water - as long as you are able to pay back the loan and you’re smart with the money. Listed below are a few loan options available to pensioners, but like with any financial product, there is an eligibility criteria and a product disclosure statement that needs to be addressed.

    Warning on Payday Loans

    If you are going to apply for a payday loan, then make sure you have done your research. Do you really need to borrow the money?
    Rates last updated September 2nd, 2014.

    Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee
    Nimble Short Term Loan
    Nimble Short Term Loan
    Apply for a short term loan and you could borrow up to $1,200. From (variable) $100 16 to 50 years ApplyMore
    Payday 24/7
    Payday 24/7
    Payday 24/7 offer loans up to $1,000 with no credit checks From (fixed)
    428.85% Info
    $100 16 to 30 years ApplyMore
    Loan Ranger Cash Loans
    Loan Ranger Cash Loans
    You could borrow up to $1,000. with Loan Ranger Cash. From (fixed) $200 16 to 30 years ApplyMore
    Cash First Loans
    Cash First Loans
    Apply online for a short term loan - all borrower types are considered. From 39.95% (fixed)
    44.18% Info
    $1,000 13 to 48 years $180 ApplyMore
    Cash Train Payday Cash Advance Loan
    Cash Train Payday Cash Advance Loan
    Apply for a Cashtrain Payday loan and get up to $1,500 in your bank account From (variable) $100 16 to 45 years $20 ApplyMore
     K24 Short Term Loans
    K24 Short Term Loans
    Apply for a short term loan with K24 - even if you are on Centrelink or benefits. From (fixed) $100 16 to 35 years ApplyMore
    Perfect Payday Loan
    Perfect Payday Loan
    Need cash but have bad credit? Apply for a loan today to borrow up to $1,000 From (fixed)
    %
    $100 15 to 45 years ApplyMore
    GetPaidToday Payday Loan
    GetPaidToday Payday Loan
    If you meet the criteria you could get up to $1,000 within the hour. From (variable)
    %
    $100 16 to 50 years ApplyMore

    Ask a Question

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    214 Responses to How can a pensioner access a loan?

    1. Default Gravatar
      Kai | August 26, 2014

      Ahoy !
      I want a cheap loan to 125 % to buy a home. I plan to make it a rooming house to repay the loan but under the threshold to require registration. I’m on a DSP only income.(for now.)
      Who can I see?

      • Staff
        Shirley | September 1, 2014

        Hi Kai,

        Thanks for your question.

        Please note that to get a loan amount that is 125% of the property value, you need a guarantor.

        This link has a list of providers that may be able to help.

        Cheers,
        Shirley

    2. Default Gravatar
      nooronisha | August 22, 2014

      am a pensionar i do get a income coz i do dressmakking but it dnt reflek in my bank account wil gve my house for security also need a loan urgently amount of 40000 plz wud lyk to hear from u shortly

      regards mrs boltman

      • Staff
        Shirley | September 1, 2014

        Hi nooronisha,

        Thanks for your question.

        Please see this article about ‘getting credit if you’re paid in cash’.

        You may also be interested in this article, ‘Loans for people on Centrelink’.

        All the best,
        Shirley

    3. Default Gravatar
      Rebecca | August 15, 2014

      Looking at buying a new car I currently own my own home but am not employed, I am on a centrelink benefit and am trying to find out is it possible to get a loan or use my house as an asset to help ??

      • Staff
        Shirley | August 18, 2014

        Hi Rebecca,

        Thanks for your question.

        Please see this page for a list of lenders that may be able to help your situation.

        All the best,
        Shirley

    4. Default Gravatar
      Steve | August 12, 2014

      We get a $7000 loan every 7 years through Commonwealth Bank on our disability pension, always ahead etc never missed a payment (only once when we where a few months ahead), bought a house 5 years ago paying that of without any drama’s, on our last payment for the Commonwealth loan, went in yesterday to apply for another one and got rejected for the first time.
      Is there anywhere else we can go?

      • Staff
        Shirley | August 13, 2014

        Hi Steve,

        Please see this page for a list of providers that may be able to help your situation.

        Cheers,
        Shirley

      • Default Gravatar
        Steve | August 14, 2014

        Tried a few of them so far, they don’t even bother replying, will keep trying.

        Thanks

    5. Default Gravatar
      shar | August 8, 2014

      Are you sure that loan applications with only centrelink benefits need another supportive income?
      Im a single mother on benefits totalling $1605 a fortnight and I also receive child support $45 a week. I have over 4grand saved in my bank. I applied for a secured car loan of 12grand through commbank.
      I have been conditionally approved , I am now awaiting there final decision after handing in all my documents.
      I am now worried after reading that they will only accept you if you have another supporting income.
      Do you know this for a fact?

      • Staff
        Shirley | August 11, 2014

        Hi Shar,

        These type of situations are handled on a case by case basis. Some lenders won’t let you rely on your Centrelink income alone, while some do. Some banks will assess your situation and make a decision based on that.

        Since Commbank have conditionally approved your loan, it might not be an issue that you don’t have a supplementary income.

        Cheers,
        Shirley

      • Default Gravatar
        shar | August 11, 2014

        Yep centrelink obviously wasn’t an issue as I got fully approved today :) I guess there is hope out there for others. I just do the right thing with my money and they saw that.
        Its bizarre how employment is ment to be more secure than the pension. I have 3 kids under 4 so I have guarenteed income that will not change for atleast the next 6 years. Whereas employment is not guarenteed. You have more of a chance of loosing your job than loosing your child. I understand jobseekers without kids would not get a loan..but its a bit harsh to reject single mothers on minimum wage income from centrelink who do the right thing with there money. I think I was only approved because my total bank balance was $4,500. No money saved then definate rrejecton id say

    6. Default Gravatar
      Emma | August 5, 2014

      Hi my car has broken down.I have bad credit and I am on a sole pension can you help.Thanks

      • Staff
        Shirley | August 5, 2014

        Hi Emma,

        Please see this page on bad credit personal loans.

        To our knowledge, K24 do accept some Centrelink benefits as income.

        Cheers,
        Shirley

    7. Default Gravatar
      stu | July 24, 2014

      my parents are interested in a personal loan of around $6000.00. They are aged pensioners. They have their car worth around $10,000 for security. Is there any chance you can help? They have a great credit history. thanks. Stu.

      • Staff
        Shirley | July 28, 2014

        Hi Stu,

        Thanks for your question.

        Please see this page for a list of lenders that may be able to help.

        Cheers,
        Shirley

    8. Default Gravatar
      joyce | July 20, 2014

      my brother in law need a loan for 27000 to pay for repair for a roof and pay out other loans the work has be done already and they need the payment straight away

      • Staff
        Shirley | July 21, 2014

        Hi Joyce,

        Thanks for your question.

        Please see our personal loans page to see what options are available to you.

        Cheers,
        Shirley

    9. Default Gravatar
      David | July 14, 2014

      I,would like a Personal Loan,in the amount of $2400-00.
      I,am on an Aged,Pension,and,Repayments,can be made either,Direct Debit,of my Pension,or by,a, BPAY,which ever you prefer.
      Now,to make, sure of full payment, in case of my death, i am prepared,to alter my Will, to cover all,your costs,as, i live alone.
      There,would be enough,in House Hold Goods,to more than,cover,all,your costs, and charges.
      Yours,Sincerely,David

      • Staff
        Shirley | July 15, 2014

        Hi David,

        Thanks for your question.

        Please see this page for lenders who may be able to provider loans for people on Centrelink benefits.

        Cheers,
        Shirley

    10. Default Gravatar
      Debbie | July 11, 2014

      My boyfriend, who is on a disability pension is trying to get a loan, he has no assets as he was homeless for a long time, now we’ve met and want to marry and he wants the money to help us to furnish a home for us and we need a financial institution that will help with a credit card or unsecured loan.

      • Staff
        Shirley | July 14, 2014

        Hi Debbie,

        Thanks for your question.

        Please see this page for a list of institutions that may be able to help.

        Cheers,
        Shirley

    11. Default Gravatar
      Andy | July 8, 2014

      Hi:

      I am not sure the age of my father, maybe around 65 or 70 i guess, so i dont know if he is qualified for a loan, but he doesnt have any property except his monthly pension. do you have any idea of how long his loan will release if granted.

      Thanks

      • Staff
        Shirley | July 9, 2014

        Hi Andy,

        Thanks for your question.

        It depends on the lender who approves the loan, in most cases lenders can transfer the funds into the account within 24 hours.

        You’ll need to check the individual policies from each lender.

        Cheers,
        Shirley

    12. Default Gravatar
      derekl | July 6, 2014

      who can you call if you are on a pension and you have loans outstanding and you want to consolidate the loans into one loan some one in brisbane

      • Staff
        Shirley | July 7, 2014

        Hi Derek,

        Thanks for your question.

        Please see this page for banks you can call – there are a few that have branches in Brisbane.

        Cheers,
        Shirley

    13. Default Gravatar
      Andy | July 4, 2014

      Hi:

      My father is from Vietnam, but he is now living in the US (he were a US Veteran). Now he want to have a personal loan around $2000 to send to his son in Vietnam for business, he have been living in the US about 7 years and a pensioner (he receive pension monthly), if his request is granted so how much he has to pay by monthly. He is now living together with his daughter & son in law in US, they have house and cars..Hope you can give me answer the soonest.

      Thanks

      • Staff
        Shirley | July 4, 2014

        Hi Andy

        Thanks for your question.

        Please use our personal loan calculator help give you an indication.

        Cheers,
        Shirley

    14. Default Gravatar
      P | June 25, 2014

      Hi there,
      How an I get a HOME loan? I am on disability pension. But I can make about $150-$300 per week by working at a reputable Australian university. I am in my 30s.
      Thanks

      • Staff
        Shirley | June 27, 2014

        Hi P,

        Please see this page for more information.

        Cheers,
        Shirley

    15. Default Gravatar
      michael | June 16, 2014

      what company will be able to lend a pensioner a lone &who

      • Staff
        Shirley | June 18, 2014

        Hi Michael,

        Thanks for your question.

        To our knowledge, Commonwealth Bank, Westpac and ANZ do accept some types of pension as genuine income. The success of your application is also supported with a supplementary income.
        You might want to give them a call to enquire about your eligibility before making formal applications.

        Cheers,
        Shirley

    16. Default Gravatar
      Florinda | May 7, 2014

      I intend to sell my current car and need to upgrade because I am on a disability support pension of nearly $900 per fortnight and I need a car to get around. I was thinking of spending about $5000 on a car, mainly for reliability, but with the sale of my car and the $1000 I can get from Centrelink I will still be $3000 short. How would you advise me to make up the difference.
      Florinda

      • Staff
        Shirley | May 8, 2014

        Hi Florinda,

        Thanks for your question.

        To our knowledge, Commonwealth Bank, Westpac and ANZ do consider some types of Centrelink benefits as genuine income. You may want to discuss with them (without making any formal applications) about your eligibility.

        Most lenders consider income that is taxable, including Centrelink benefits but you will need to confirm this first.

        Cheers,
        Shirley

    17. Default Gravatar
      Barbara | May 6, 2014

      Hi,, I am 53 & on a carers pension as I care for both my dad & my husband,we live in a retirement village in a unit my dad owns, I would love to be able to buy my own home as if anything happens to my dad my husband & I cannot stay in the unit,, rules of the village,,, is there anyway I would be able to apply for first home loan ? Thanks ,

      • Staff
        Shirley | May 7, 2014

        Hi Barbara,

        Thanks for your question.

        Unfortunately, we are unable to say. You may want to consider the services of a mortgage broker and discuss this with them – mortgage brokers are experts who can help you find a home loan suitable to your needs.

        Cheers,
        Shirley

    18. Default Gravatar
      bob | May 6, 2014

      i am aged pensioner just 65 wife on disablity pen we caretake a farm have no rent to pay ,wish to borrow $12,000 for a coaster to travell , have a caravan worth 5,550 to sell but catch 22 can’t sell to help pay for coaster because if can’t raise a loan for coaster wood have nothing,where do you go for a loan thank-you bob

      • Staff
        Shirley | May 7, 2014

        Hi Bob,

        Thanks for your question.

        To our knowledge, Commonwealth Bank, Westpac and ANZ do consider some forms of Centrelink benefits as genuine income. It’s probably best to speak to them without making any formal applications to discuss your eligibility.

        Cheers,
        Shirley

    19. Default Gravatar
      Carol | April 28, 2014

      I need to borrow $60,000 for another home. I am 66, recently retired on the age pension. I already have a home but want to move locations. present home is up for sale, if it doesn’t sell quickly, it will be rented taking care of the mortgage repayments. I have the rest of the money for new home.

      • Staff
        Shirley | April 30, 2014

        Hi Carol,

        Thanks for your question.

        To our knowledge, Commonwealth Bank, ANZ and Westpac do consider some Centrelink Benefits as genuine income. You may want to enquire with them directly without making any formal applications about your eligibility.

        Cheers,
        Shirley

    20. Default Gravatar
      vera | April 27, 2014

      debt consolidation I owe money to some finance company’s they are charging 19.95% altogether I owe $20,000 to these people it is costing $702.00
      per month,the bank I am with will not help is there anything else I can do to make this a lot cheaper

      • Staff
        Shirley | April 30, 2014

        Hi Vera,

        Thanks for your question.

        Please be mindful that information on this page is only relevant to Australia. You may want to consider refinancing or speaking to other lenders about your options.

        Our article on personal loan refinancing may be able to give you more information.

        Cheers,
        Shirley

    21. Default Gravatar
      tyson | April 23, 2014

      Hi im on dsp and im just wondering can i get a loan i need mojnejy im homless and its urgent

      • Staff
        Shirley | April 24, 2014

        Hi Tyson,

        Thanks for your question.

        To our knowledge, Commonwealth Bank, Westpac and ANZ do consider some types of Centrelink benefits as genuine income. You may want to enquire with them without making an formal applications to discuss your eligibility.

        Cheers,
        Shirley

      • Default Gravatar
        tyson | April 24, 2014

        Centrelink my only income

      • Staff
        Shirley | April 30, 2014

        Hi Tyson,

        You may want to speak to a few lenders first to discuss your eligibility, without making any formal applications.

        Otherwise, ASIC also offer a free financial counselling service on their website that you may want to consider using.

        Cheers,
        Shirley

    22. Default Gravatar
      robin | April 14, 2014

      Hi im on the dsp pension plus single parent payment and was wondering if i could possibly get a loan like this i really need a car as sore walking everywhere with the kids could i get anumber that i could ring and see how this all going to work thankyou Robin

      • Staff
        Shirley | April 16, 2014

        Hi Robin,

        Thanks for your question.

        To our understanding, Commonwealth Bank, ANZ and Westpac do consider some types of government benefits as genuine income. It may be worth your time giving them a call and enquiring about your eligibility, without making any formal applications. If you also have supplementary income, such as a part time job, this could help your application.

        Cheers,
        Shirley

      • Default Gravatar
        Rahtah | June 17, 2014

        Hi I’m a single mum on single parenting payment, I have just gotten a casual job to that requires me to have my own car, so need to get a loan $3000 to at least get a decent car

      • Staff
        Shirley | June 18, 2014

        Hi Rahtah,

        Thanks for your question.

        Please refer to my response to Michael below.

        Cheers,
        Shirley

    23. Default Gravatar
      Lois | April 12, 2014

      I am on a disability pension and need to get a loan oof $5,000 to clear my credid card where can I apply to do this. Lois

      • Staff
        Shirley | April 16, 2014

        Hi Lois,

        Thanks for your question.

        To our understanding, Commonwealth Bank, Westpac and ANZ consider some types of government benefits as genuine income. It may be worth your time calling a few lenders and enquiring about your eligibility first, before making any formal applications. Generally, if you have supplementary income as well, such as a part time job, it may help.

        Cheers,
        Shirley

    24. Default Gravatar
      james | March 24, 2014

      Hi my names james im 18, nearly 19.
      i have been on a cares pensioners payment for almost 2 years now and am finding it very hard to get my self a loan now that the time has come to get my self a car, could you please send me in the direction of who you would recomend seeking help/a loan from due to my situation?

      • Staff
        Shirley | March 26, 2014

        Hi James,

        Thanks for your comment.

        To our knowledge, Commonwealth Bank, ANZ and Westpac do consider some pension payments as genuine income, so you may want to discuss with them your options without making any formal applications.

        Please be mindful that too many credit enquiries to affect your credit history, generally, an application every 3 – 6 months is ideal.

        Cheers,
        Shirley

    25. Default Gravatar
      | March 18, 2014

      I am an elderly pensioner and a bad credit how ever i would like a response of cant help me /or just plain NO/OR YES i am tied of these loan offers that says bad credit no worries and when you finished all the application it will say sorry cant help please i do need help urgently but please just say yes/or no.

      • Staff
        Shirley | March 19, 2014

        Hi Josie,

        Thanks for your comment.

        Unfortunately, because we don’t handle the loans ourselves, we can’t give you a definite yes or no answer.

        However, we may be able to provide you with some general advice that could help. You may want to consider a Centrelink cash advance, alternatively there are payday loans, but these are more expensive than regular loans.

        Cheers,
        Shirley

    26. Default Gravatar
      | March 16, 2014

      My 27 year old daughter is on DSP, I am her legal financial administrator. I applied for a $600 personal loan on her behalf sending them a copy of the order from State Trustees. They first approved the loan and asked me to ring back to verify the BSB and accounts numbers (which I already supplied) for her bank before they deposited the funds. Upon ringing them back some 10 minutes later, they advised me that the loan was declined because she is under an administration order. Is this discrimination and can they do this?

      • Staff
        Matt | March 17, 2014

        Hi Judy,

        Thanks for your comment. As we are a comparison service, you might be better off contacting the Victorian Civil and Administrative Tribunal.

        I hope this helps.

        Cheers
        Matt

    27. Default Gravatar
      | March 14, 2014

      i’m a relief at work only because i has a car accident Sept 23/2012, and have ongoing pain and discomfort in the lower back area, i have a compensation claim finalizing in the next few months which ill pay my loans back. It’s just i need that help NOW. plus i can re apply for $5000, on 8 th of April. i just need to borrow $2500 from someone to fix 3 minor loans now. who can help.

    28. Default Gravatar
      yvonne | March 4, 2014

      Hi i am on a Veterans Affairs pension my income is 1200 a fortnight
      i have tried everywhere for a personal loan to pay out my debt so my name will be cleared from bead credit as the debt is not paid for
      If you can’t help me can you please tell me who can
      thank you
      yvonne

      • Staff
        Marc | March 5, 2014

        Hi Yvonne,
        thanks for the comment.

        Unfortunately we don’t offer personal loans ourselves. Instead, I suggest comparing the loan providers on this page and contacting any you’re interested in banking with. Then, try to explain your situation, or apply in person for a chance at explaining your situation and the steps you’ve taken to get your credit file back on track.

        I hope this helps,
        Marc.

    29. Default Gravatar
      andrew | February 24, 2014

      i am 41 years old and am now on a dsp and am unable to work can i access some of my super funds for a 1st home owners deposit?

      • Staff
        Shirley | February 24, 2014

        Hi Andrew,

        Thanks for your comment.

        Generally you can apply for your super to be released early on specific compassionate grounds or on grounds of severe financial hardship.

        In terms of mortgage assistance, you can access your super to prevent your home from being sold by the lender with whom you have the home’s mortgage. I’ve emailed you a page that provides a lot more information.

        Cheers,
        Shirley

    30. Default Gravatar
      Jennie | February 16, 2014

      Hi, I have a home worth approx 240,000 with around 38,000 owing still. I am on a carers pension for my 20 year old son and I also have 2 younger children aged 7 and 13. I am also a sole parent. I have just been offered a job as a special teachers aide in a private school 3 days a week, which works out to be 18 hours a week at approx. 33 dollars per hour. I would like to know if there is a way I can obtain a loan to purchase another home. My eldest son is also a teaching officer and does 24 hours a week at 33 dollars an hour and would like to throw in with me for a house if I need to sell but is also willing to rent my present home for 300 per week. Can I qualify for a home loan of any kind and what would I be able to apply for? With thanks for your time and kind regards Jennie

      • Staff
        Marc | February 17, 2014

        Hi Jennie,
        thanks for the question.

        Unfortunately each lender has their own lending criteria, which works out how much you’d be liable to apply for and if you’d be able to apply for a home loan. In many cases most lenders will allow pensions to be used as a form of income, but whether or not you’re approved will depend on a range of factors including your assets, debts, income and credit file.

        You may wish to compare home loans and contact lenders who have a product you’re interested in. You might also want to consider contacting a mortgage broker.

        I hope this helps,
        Marc.

    31. Default Gravatar
      anthony | February 6, 2014

      i am on a d.s.p. and I am looking for a loan to update my car, can anyone help me?

      • Staff
        Shirley | February 6, 2014

        Hi Anthony,

        Thanks for your comment.

        To our knowledge Westpac, ANZ and CommBank consider some Government Benefits as genuine income, you may want to enquire with them without making any formal applications first to see if you’re eligible and how much you may be able to borrow.

        Cheers,
        Shirley

    32. Default Gravatar
      Alex | February 4, 2014

      Hello, I am the disablity penson and the area that
      I reside in has no forms of public transport. I am in need of a loan 1200.00 to have my car repaired
      as to attend medical appointments in Brisbane
      and my Dr. in Jimboomba .I receive 883.00
      fortnightly plus 400.00 from my boarder.
      Total being $1283. I have furnishings to the value
      of $10.000. dollars and the car is mine however
      the rego is still in my niece’s name which will
      be changed to mine when the rego is due (April)
      My rental is 640.00 a fortnight and expenses
      appox. 250.00 f/nite.
      thank you

      • Staff
        Marc | February 4, 2014

        Hi Alex,
        thanks for the question.

        Unfortunately we do not offer loans ourselves, but allow you to compare different loans. You may wish to contact some of the lenders mentioned on this page, and find out about what options you may have through them. You could also try searching for lenders who grant small loans to those on disability pensions.

        Sorry I can’t be of more help,
        Marc.

    33. Default Gravatar
      Heather | January 28, 2014

      Hi
      My son is 20 years old and has lived in the foster care system since he was 5yo. He is now requiring to relocate into his own place but only on a disability and carers pension. He has already applied for a centreline loan which he finishes in May this year but needs to borrow $1000 to pay for bond plus rent on his own place. He can afford the payments as he gets approx $424 a week from centrelink. He is not working but he starts study in early February. Can anyone help with a short term loan?
      Thanks
      worried mum

      • Staff
        Marc | January 29, 2014

        Hi Heather,
        thanks for the comment.

        Unfortunately we’re a comparison service, meaning we don’t actively offer any loans ourselves. You may wish to compare short term loan providers and then speak directly to a lender you’re interested in to find out more.

        I hope this helps,
        Marc.

    34. Default Gravatar
      John | January 22, 2014

      I am a pensioner mid 70,s very fit no other income
      my wife and I would like to buy a small caravan for approx.$17,000 we have been paying $800.00 a month rent without issues. We want to transfer from rent to a caravan to do some travelling. Can anyone assist. thank you

      • Staff
        Shirley | January 23, 2014

        Hi John,

        Thanks for your comment.

        You may want to have a look at our caravan loans first and then call a few lenders to enquire about whether or not they lend to pensioners. To our knowledge Westpac and ANZ consider Government Benefits as genuine income.

        Cheers,
        Shirley

    35. Default Gravatar
      jena | January 11, 2014

      Need a loan asap single mum benefit only centerink have bad credit 330 points low score no one can help can anyone help

      • Staff
        Marc | January 13, 2014

        Hello Jena,
        thanks for the question. You may wish to contact the lenders listed on this page to see what options may be available to you. An internet search of bad credit lenders may also be useful, but bear in mind that these loans may come with higher rates and fees than regular loans.

        Cheers,
        Marc.

    36. Default Gravatar
      Ness | January 11, 2014

      Hi,
      I’m on DSP and am trying to find an institution that will loan $3000 – $5000 to cover a necessary operation not covered by public health care. Do you know of any institutions that will be able to help me?
      Thanks

      • Staff
        Marc | January 13, 2014

        Hello Ness,
        thanks for the question.

        Any lenders we know of who might be able to supply loans to pensioners are listed on this page. You might wish to contact them directly to find out if they’d be able to help you.

        I hope this helps,
        Marc.

    37. Default Gravatar
      robert | January 10, 2014

      I live with my mum and am on dsp .I stopped working in feb 2013 due to an ongoing back complaint and am waiting on a tpd claim on my super .My mum sold her house recently and we are going to rent it back for a short term until I find out about my tpd claim basically I will be paying 380/week for rent and my mum will help with basics etc. I am wondering if there is anyone who would lend me the money to buy a house while on dsp

      • Staff
        Marc | January 13, 2014

        Hello Robert,
        thanks for the question.

        Some lenders will accept DSP payments as a form of income, and if they feel you satisfy their lending criteria will allow you to apply for a loan. You might wish to conduct a search of lenders who might be able to do this, and compare any loans you could apply for. You may also wish to speak to a mortgage broker to see what your chances would be.

        I hope this helps,
        Marc.

    38. Default Gravatar
      Ian | January 8, 2014

      Hi, I’m in my mid 70′s & on a part pension plus my Super. We’ve had afew issues with our last car & few other bills & now have two credit cards that we are trying to pay off. But the interest is so high so we never seem to get anywhere in paying them off! I would like to know if there is anyone who might be able to help me in maybe getting a new loan with lower interest that will help me to pay off my other cards! That way I might be able to pay the new card off quicker with only one small intrest instead of two big ones! Thanks

    39. Default Gravatar
      Robyn | December 28, 2013

      I’m needing to move to a Hunter Valley residents because of an job opportunity..it’s actually guaranteed. I’m having no luck finding a job at all right now. So I have shown my kids their schools and introduced them to the principals, in order to go to these school’s I need to move before school goes back in 2014. What I am needing is bond money which I am struggling to find..could you point me in the right direction for me to be successful for a loan. Thankyou

      • Staff
        Marc | January 2, 2014

        Hello Robyn,
        thanks for the question.

        It may be helpful to speak to the lenders listed on this page to find out if you’d be eligible for a loan. Unfortunately it can be more difficult for a pensioner to find a loan, so bear this in mind when seeking a loan. It may be a good idea to get a copy of your credit file too, as this will help you work out if your file is holding you back from receiving a loan. Other ways to be successful for a loan is to open a bank account with the provider you wish to apply for a loan with. Demonstrating you’re able to make regular savings to your potential lender can increase your chances of getting a loan. Also, keep in mind that applying for too many loans in one time period will be detrimental, as potential lenders may see you as a risk.

        I hope this helps,
        Marc.

    40. Default Gravatar
      John | December 23, 2013

      I am a 60 yr old single father on a disability pension with a teenage daughter startin yr 11. I have been unable to work since March this year due to ongoing deteriorating health issues. I applied for total disability insurance through my Super earlier this year but am still waiting for it to pay out. I released the small amount I had in super but am now really struggling to pay the bills and now in arrears with my rent. My main pension is in the UK but they will not release any of it. I need a loan (3 – $5000) to cover rent untill insurance pays out. Once this happens I can pay the loan off in one payment. Can you advise me on any way I can do this as I have poor credit history.

      • Staff
        Marc | December 24, 2013

        Hi John,
        thanks for the question.

        It may be helpful to speak to the lenders listed above directly. It would also be a good idea to speak to a free financial counselor. They may be able to help you work out your financial issues. I’ve emailed you more information regarding this.

        Cheers,
        Marc.

    41. Default Gravatar
      David | December 21, 2013

      I recently had to obtain an emergency cash advance from my Commonwealth Bank Low interest Credit Card, of $1984.00. However i an finding the commitment interest rate rather difficult.
      Am i able to get a loan to clear this credit card debt which will make it easier for me on my aged pension.
      If so what would my commitments to Centrelink be..

      • Staff
        Shirley | December 23, 2013

        Hi David,

        Thanks for your comment.

        An option you may want to consider is a cash advance from Centrelink; as many personal loans and payday loans have a minimum loan amount of $1,000. To claim this, you can do this online, over the phone or in person at your local Centrelink branch.

        Alternatively, you may want to consider a balance transfer, but this will mean you’ll have a different credit card and the credit card application will appear on your credit history.

        Cheers,
        Shirley

    42. Default Gravatar
      Jess | December 20, 2013

      Hi, I’m a single mum on parenting payments and family tax a&b I also don’t have a good credit rating I’m after a small loan of $150 today and I keep getting knocked back by loan people can anyone help me.

      • Staff
        Shirley | December 23, 2013

        Hi Jess,

        Thanks for your comment.

        As mentioned above, you may want to have a look at a cash advance from Centrelink. Most personal loans and payday loans have a minimum loan amount of about $1,000.

        Cheers,
        Shirley

    43. Default Gravatar
      aj | December 11, 2013

      Hi i need a loan so i can pay for my sons specialist and my dentist but im single on a pension and dont think my credit is good i also dont have any car or any shares in realestate but i really need this loan

      • Staff
        Shirley | December 12, 2013

        Hi Aj,

        Thanks for your comment.

        As mentioned above, you may want to request a cash advance form Centrelink. Alternatively, you may want to speak to NAB about their stepUP loan for financial support – payday loans can also be a consideration as well.

        Hope this helps,
        Shirley

    44. Default Gravatar
      Julia | December 9, 2013

      I am on a Disability Pension and need to get some money today just want to find someone who can lend me a small amount $100 – $150 that I can easily afford to pay back where do I go

      • Staff
        Shirley | December 9, 2013

        Hi Julia,

        Thanks for your comment.

        As mentioned above, you may want to consider a cash advance from Centrelink but this could take a couple of days. Most personal loans and payday loans have a minimum loan amount of $1,000. A credit card may also be an option but the application process usually takes two weeks and there is no guarantee that your application may be successful.

        Cheers,
        Shirley

    45. Default Gravatar
      Trev | December 8, 2013

      Can I apply for a loan for a car

      Can a carer get 10.000 car loan

      • Staff
        Shirley | December 9, 2013

        Hi Trev,

        Thanks for your comment.

        Please have a look at our car loan comparison. Each review will list the eligibility requirements of each car loan so you can have a look at whether you can apply for them or not.

        Please let us know if you need anymore assistance.

        Cheers,
        Shirley

    46. Default Gravatar
      scott | November 8, 2013

      i have a personal loan with bank s.a. interest is 14.7 i am on a invalid pension in s.a.can you help me pay the loan out with a loan at a lower interest rate

      • Staff
        Shirley | November 8, 2013

        Hi Scott,

        Thanks for your comment.

        You may want to consider debt consolidation, but be mindful that there are some risks involved as well.

        Speaking to your lender may also help and ASIC also provides free financial counselling if none of these solutions work for you.

        Hope this helps,
        Shirley

    47. Default Gravatar
      Amoo | November 6, 2013

      I am on a single parent pension and about to receive settlement from the sale of the family home. Is there any banks that will lend to me at approx 45%? I have a good credit rate and I am studying so will be on SPP for 3 years then hopefully get a fulltime job in the Education sector.

      • Staff
        Marc | November 7, 2013

        Hello Amoo,
        thanks for the question.

        I’d suggest doing some research for lenders on the internet and then enquiring with each of them before you make any formal applications. Most lenders accept pension payments as part of your income, but will evaluate whether or not to give you a loan based on if they think you can pay it off. If you contact a lender discuss this with them and find out what the chances of being approved are before you apply, as any loan application will appear on your credit file, and too many applications can make it difficult to get approval.

        I hope this helps,
        Marc.

    48. Default Gravatar
      alexander | October 26, 2013

      Hi ! I am a pensioner and so is my wife I have a back problem and live on 2 acres and cut my grass with a ride on mower,this mower is 30 years old and gave up a few days ago I need $3750.- for a new mower how can you help me.

      • Staff
        Matt | October 28, 2013

        Hi Alexander,

        Thanks for your comment. The loans featured on this page allow you to borrow up to $1,200 if you meet the criteria – although there are other institutions that offer up to $5,000.

        It might also be worthwhile enquiring with your current bank or institution about a personal loan.

        Make sure you let us know how you go with your lawn mower!

        Cheers
        Matt

      • Staff
        Marc | October 28, 2013

        Hello Alexander,
        thanks for the question.

        Unfortunately we don’t offer loans ourselves, but merely allow you to compare loans in the market. You may wish to contact some of the lenders on this page and discuss your options with them before making any formal application.
        Cheers,
        Marc.

    49. Default Gravatar
      Sheridan | October 23, 2013

      I am a single mother on a parenting payment and family tax benefits, I want a loan to travel away, is there any websites that can do it?

      • Staff
        Marc | October 23, 2013

        Hello Sheridan,
        thanks for the question.

        Many lenders will require borrowers to be in regular paid employment, so this may make applying for many loans difficult. I found some less known lenders willing to offer loans to those on pension payments, so it may be a good idea to conduct an internet search looking for loans for those receiving benefits, but be sure to research these lenders yourself and find out what fees and interest rates they’ll charge.

        I hope this helps,
        Marc.

      • Default Gravatar
        Marcia | November 4, 2013

        I’m a single mother needs cash for christmas

      • Staff
        Marc | November 5, 2013

        Hello Marcia,
        thanks for the question.

        There are many options for you to try. The first option I’d suggest is to contact a free financial counsellor and discuss your situation. You could also try a credit card with 0% purchase interest or a personal loan. I’ve emailed you with more information regarding this.

        I hope this helps,
        Marc.

    50. Default Gravatar
      Karl | October 22, 2013

      Hi I am on a carers payment and allowance… I have researched a few “pensioner friendly” loan providers but have had no success… I am looking for between 10-15k… Places have advertised and assured by phone that they do accept pensioners. But I have never been approved.. I have a solid credit rating it’s not the best but it’s not the worst either. Is there anything I can do to improve my chances of approval

      • Staff
        Marc | October 23, 2013

        Hello Karl,
        thanks for the question.

        One thing you can do is to open a savings account with the institution you’re looking to borrow from if possible. If you make regular savings it can go some way to demonstrating that you’re able to pay off your loan.

        I hope this helps,
        Marc.

    51. Default Gravatar
      scotchs | October 18, 2013

      I am a disabled pensioner who suffer from agrophobia trying to get 3000 loan to buy car who can help me

      • Staff
        Shirley | October 21, 2013

        Hi Scotchs,

        Thanks for your comment.

        You may want to try ANZ and NAB.

        Hope this helps,
        Shirley

    52. Default Gravatar
      Tam | October 9, 2013

      Hello I am on the disability pension and my partner is on the carers payment for looking after an old man and we have a baby and want to get our own home how do we go about applying for a home loan

      • Staff
        Marc | October 9, 2013

        Hello Tam,
        thanks for the question.

        This may be difficult, but one way to start is to begin researching about the home buying process, which you can do by reading information on this page.

        In terms of home loans, it may be useful to compare different loans until you find one that you’re interested in and then contact the lender to ask about your situation. It might also be useful to seek the help of a mortgage broker when trying to find a home on a pension.

        Finally, potential lenders will want to see evidence of genuine savings so if you aren’t already, saving regular amounts may also help.

        I hope this helps,
        Marc.

    53. Default Gravatar
      Mel | October 8, 2013

      I am single mum of 3 on SPP, and need a new car I have found a couple in a price range from $5000-$8000 is there anywhere that would give me a loan, I would also trade in or sell my current car worth approx $2000 so wouldn’t need that whole amount.

      • Staff
        Marc | October 9, 2013

        Hello Mel,
        thanks for the question.

        Each lender has their own lending criteria, so it may be helpful to enquire with a lender which offers a product you are comfortable with and tell them your situation.

        I hope this helps,
        Marc.

    54. Default Gravatar
      Romany | October 7, 2013

      I am on DSP and don’t owe any debts for loans or credit cards (however am a discharged ex bankrupt from about 10 years ago) and have been offered an opportunity in a small country town to buy a general store which I can live in, the store is 45k. Would I be able to get any assistance while on DSP to either borrow a sum for deposit (eg 10k) or full amount (45k)? Has there been anybody on DSP who was still able to keep their pension and own a small business?
      The store also needs some renovations as it is old so I can turn it into a cafe as I have done market research in the area and it will fill a niche.
      I guess what I want to know is can I get a loan while on DSP and is it allowed to buy a small business while on DSP?
      Thanks :-)

      • Staff
        Shirley | October 7, 2013

        Hi Romany,

        Thanks for your comment.

        It is possible to be on DSP and get a loan, though your status of your credit file may affect your application. You may want to try Westpac, NAB, ANZ or St.George.

        Hope this helps,
        Shirley

    55. Default Gravatar
      Jennie | October 4, 2013

      I get a scholarship ($24K) and single parent pension. I own my home financed through Commonwealth. I have discovered asbestos on my property and want to remove those walls (and replace). The cost of the renovations is a low of 10K and a high of 20K. Commonwealth have changed their lending rules and won’t count either of my incomes and this wont extend my mortgage (in spite of the fact that I’m currently paying $200 extra a month which would more than cover the increase). I have the borrowing capacity with the two incomes, but no one will count them. Any suggestions?

      • Staff
        Shirley | October 4, 2013

        Hi Jennie,

        Thanks for your comment.

        Perhaps you want to consider using a credit card or a personal loan from a financial institution that is not the big four; such as Bankwest, Citibank, Aussie or Society One.

        Let us know if you need more assistance in finding a loan.

        Hope this helps,
        Shirley

    56. Default Gravatar
      jenny | September 30, 2013

      I am trying to get a loan of 2000,000 I have good credit. I am on a disability pension and I am in need to do some repairs on the house and pay back who I borrowed from to help me survive a financial time, when unexpected money was required for a bill. I have been told overdraft is a good way, but I would only take that if I was allowed to pay back fortnightly for 2 years. So would I be able to do that at commonwealth bank or else where?

      • Staff
        Marc | October 1, 2013

        Hello Jenny,
        thanks for the question.

        An overdraft with the Commonwealth Bank is paid off first when any funds are transferred into your account, so it is not possible to pay it off gradually as a regular loan is able to be paid off. Remember too that overdrafts have high interest rates, meaning it may cost you a lot more over two years. Generally speaking, it may be a good idea to consider all options, including credit cards and personal loans which can sometimes have lower rates.

        I hope this helps,
        Marc.

    57. Default Gravatar
      jenny | September 23, 2013

      could you let me know how I could get an overdraft loan and make payments fortnightly instead all at once. I could pay 50 fortnightly. I am on a disability pension, never been in debt I just need the loan to get back on top, could I borrow 1,500 on an overdraft loan i do not own a house or car, but I have some of my own items I could give as assurance. Or could I get a guarantee. I live in my parents house I pay all bills and by the will I live here till I die. I have lived the same address for about 50 years. thankyou jenny

      • Staff
        Marc | September 24, 2013

        Hello Jenny,
        thanks for the question.

        This will depend on the loan product itself. Some banks will give a date by which the funds have to be paid back, whereas others may request the money be paid back in full at short notice. You’ll need to ask different lenders how their product works. Their approval process will also depend on a range of factors, such as your income, assets and more.

        Some lenders will allow borrowers to use their car or home as security to reduce the interest rate or fee, but again this will depend on the lender.

        I hope this helps,
        Marc.

      • Default Gravatar
        jenny | September 30, 2013

        thankyou marc i will look into it more kindest regards
        jenny wright

    58. Default Gravatar
      Ian | September 22, 2013

      Who will give me a loan. For car repairs. (Mechanical). I have clean credit. Own my own home and land. I own my own vehicle. I am on the DSP. With centrelink.

      • Staff
        Shirley | September 23, 2013

        Hi Ian,

        Thanks for your comment.

        Please have a look at our featured personal loans; normally if you can prove you can make the repayments your loan application may be accepted.

        Hope this helps,
        Shirley

    59. Default Gravatar
      Gean | September 14, 2013

      I am on a disability pension can I apply for a ge low rate master card to the limit of $3000

      • Staff
        Shirley | September 16, 2013

        Hi Gean,

        Thanks for your comment.

        Please direct this question to GE Money, as they will be able to assess you against their lending criteria. As long as you can prove that you can make the repayments then you could be accepted.

        Hope this helps,
        Shirley

    60. Default Gravatar
      Sylvia | September 10, 2013

      Hi I’m a single mum of 3 and I don’t have a bad credit.. But all I need is a $5000 loan and I still can’t get one at all please help is there anyway I can get a loan

      • Staff
        Marc | September 10, 2013

        Hello Slyvia,
        thanks for the question.

        There are few things you may be able to do to help your prospects of a loan. Firstly, get a copy of your credit file and ensure any loose ends on it have been rectified. For more information consult our credit file guide. Secondly, it sometimes helps to open a savings account with the lender you’re interested in and make regular savings to demonstrate your ability to pay the loan back. Seeing a free financial counsellor can also help get you on track.

        I hope this helps,
        Marc.

    61. Default Gravatar
      victoria | September 7, 2013

      hi i am a single parent allowance from centre link. I have taken few loans from cash converters and also some of my jewellery in gold, since im trying to clear but im finding it difficult i want a loan of $3000 to $4000 to clear these loan and take out my gold, so thati have just one loan and a long term it will solve my financial problem

    62. Default Gravatar
      del | September 2, 2013

      I am on an age pension. Is it possible to get a small loan?

      • Staff
        Marc | September 2, 2013

        Hello Del,
        thanks for your comment.

        There are a number of small loans pensioners might be able to get access to, so you may want to read more about the No Interest Loans Scheme (NILS), NAB stepUP loans, low doc loans and others mentioned above. Remember to evaluate each lender you find and ensure they’re reputable, as there have been unscrupulous lenders in the past who target pensioners seeking loans.

        I hope this helps,
        Marc.

    63. Default Gravatar
      Joe | August 28, 2013

      Hi

      I have 25000 in debt on 4 credit cards and have payed that down to about 17000 and need someone to consolidate the rest for me at lower or no interest so that I can take care of it quicker and also have a little left over for me at the end of the month.
      Do you know if centrelink does this or would I need to go through the banks?
      Fox Symes will only help if I claim bankruptsy but I always pay my bills and never miss payments.
      Thanks Regards Joe

      • Staff
        Shirley | August 28, 2013

        Hi Joe C,

        Thanks for your comment.

        I’ve emailed you about your query.

        Please let us know if you need any more assistance.

        Cheers,
        Shirley

    64. Default Gravatar
      ?????? | August 1, 2013

      Hi
      I need $12,000 now ! Or the bank is going to reposes my home ! CAN ANY ONE HELP ????? I am on a DSP payment.

      • Staff
        Matt | August 1, 2013

        Hi There,

        Thanks for reaching out to us. There could be a few options available to you.

        Have you called your bank and discussed financial hardship? You can find out more about this here. Also, directly phoning the Department of Human Services about your situation could help.

        You could also apply for a line of credit home loan or reverse mortgage, if you have built up equity in your property. You can find out more about a line of credit here.

        You could also consider releasing your superannuation to gain early access to your super to service the arrears.

        I hope this has helped and please let us know how you go with your situation.

        Cheers
        Matt

    65. Default Gravatar
      Ela | July 31, 2013

      HI I have a brother who is on a permanent disability allowance who is wanting to apply for a loan to purchase a car. Is there any scheme that can assist him.

      • Staff
        Matt | July 31, 2013

        Hi Ela,

        Thanks for your question. Some lenders, like Aussie assess each loan application on a case-by-case basis where the income is assessed.

        Use our comparison tables to make an informed decision before enquiring with that lender.

        Make sure you let us know how and your brother go.

        Cheers
        Matt

    66. Default Gravatar
      dianne | July 27, 2013

      Hi i was wondering if id beable to get a 1675 loan to pay the rest of the cruise fare off plse, if its possible how much wld the f/nightly payments be plse?

      • Staff
        Shirley | July 29, 2013

        Hi Dianne,

        Thanks for your comment.

        Please have a look at the loans available above and decide which one is best for you. After you have made your decision, you may want to use our personal loan calculator for an indication of what your repayments could be.

        Hope this helps,
        Shirley

      • Default Gravatar
        dianne | July 29, 2013

        Hi there how can you find the good shepherd micro finance site plse?

      • Staff
        Shirley | July 29, 2013

        Hi Dianne,

        Thanks for your comment.

        You can access their website here.

        Cheers,
        Shirley

    67. Default Gravatar
      Margret | July 25, 2013

      I own a property in turkey is it possible to use this as security for a loan in Australia

      • Staff
        Shirley | July 29, 2013

        Hi Margret,

        Thanks for your comment.

        Most lenders usually accept international property as security. When you’ve found a personal loan you’re interested in, you may want to contact the lender directly and confirm whether they do.

        Hope this helps,
        Shirley

    68. Default Gravatar
      Brian | July 20, 2013

      Hi,
      My mother is selling her house at auction and will got more than enough to purchase a house in a different area. Is there away someone will lend her say 80% of the val of her current property for up to 6 months until her place sells and settles?
      thanks

      • Staff
        Matt | July 22, 2013

        Hi Brian,

        Thanks for your comment.

        It could be worth your while to research lenders who will offer bridging loans or you could compare line of credit equity loans. These loans allow you to borrow against the value in the house. You can find out more about line of credit loans here.

        It could also be worthwhile comparing reverse mortgages, which allow you to borrow against the equity in the property. You can find out more about them here.

        As with all financial decisions, it is always important to compare all your options and find out what works for your situation.

        Good luck in your research and make sure you let me know how you go. Thanks for your question.

        Cheers
        Matt

    69. Default Gravatar
      melisa | July 19, 2013

      Will the money go in straight. a way i don’t have email

      • Staff
        Matt | July 22, 2013

        Hi Melisa,

        For payday loans you will most probably need to have access to an email address to apply for these. If you do satisfy the application criteria, disbursement of the funds is specified by the lender. You can find out more about payday loans here.

        Thanks for your question!
        Matt

    70. Default Gravatar
      Paulene | June 12, 2013

      Hi Adrian.
      My situation is I have a casual job and I also claim a pension, who out there can I contact in regards to getting a fixed loan? I have no bad credit history, I have never had a loan in my name or a credit card in my name, personally I don’t believe in credit cards. I have tried all the banks and most loan companies only go as high as $3,000. Can you help me?

      Thanks

      • Staff
        Marc | June 12, 2013

        Hello Paulene,
        thanks for the comment.

        Unfortunately being a comparison service means we don’t offer any loans ourselves, so we’re not able to offer a particular product. It may help to continue to compare the different loans in the market. A lender will only offer you as much as they feel you can pay back, and this depends on a range of factors including your income, assets and credit file. One thing I can say is be careful with the number of loan applications you make, as too many of these in any year can present a red flag to potential lenders.

        I hope this helps,
        Marc.

    71. Default Gravatar
      Kylie | May 16, 2013

      I am a single mum of two. A 12 year old and a three year old in urgent need of a motor car. I have a not so good credit rating and I am only receiving Centrelink..is there any options out there at all for me?

      • Staff
        Marc | May 21, 2013

        Hello Kylie,
        thanks for the question!

        It is difficult for those who are unemployed and have a bad credit rating to qualify and be approved for car loans. A quick Google search for me pulled up some lenders who state they can grant loans to those with bad credit and who are unemployed, although it’s important to note these loans may have extra conditions, or higher interest rates.

        I hope this helps,
        Marc.

    72. Default Gravatar
      Nontsikelelo | May 14, 2013

      Hi my name is nontsikelelo iwant to apply for aloan of R2000 i just to buy a washing machine for my children

      • Staff
        Marc | May 21, 2013

        Hello Nontsikelelo,
        thanks for the question.

        The loans on this site are Australian loans, which are available to those with permanent Australian residency, and are only offered in Australian dollars. You may wish to search for loans specifically from South Africa if you wish to find a loan for 2000 Rand.

        I hope this helps,
        Marc.

    73. Default Gravatar
      Nchs | April 26, 2013

      Hi I’m on Centrelink payment. I need a fixed rate home loan , can pay deposit & monthly $1500 , can you help?

      • Staff
        Marc | April 26, 2013

        Hello Nchs,
        thanks for the question.

        We’re a comparison service, so we don’t offer any loans ourselves. Generally speaking, obtaining a home loan on a Centrelink payment is very difficult. One option may be to seek out a reputable mortgage broker to have a look for you.

        I hope this helps,
        Marc.

    74. Default Gravatar
      Rachel | April 17, 2013

      I am a single mother. I work two casual jobs, and receive a single parent pension. I need money for bills (1500-2000) that accumulated while my child was very ill. I have searched and searched but I cannot find any help. Even those I’ve seen as a possibility have been cut short as I do not own a car as security. Surely there is some help available? Please help times are very stressful.

      • Staff
        Marc | April 18, 2013

        Hello Rachel,
        thanks for the comment.

        There are a few options mentioned on this page which do not have the need of a car for security, such as the No Interest Loans Scheme, which can provide up to $1200 loans for those receiving welfare benefits, stepUP loans which are unsecured loans of up to $3000 offered through NAB or a Centrelink cash advance, which can provide some of your pension payments in advance.

        It could be helpful to search for the above options online and find out more.

        I hope this helps,
        Marc.

    75. Default Gravatar
      Peter | March 19, 2013

      Hi, We are considering buying into a retirement community. The buy in cost for a unit is $250,000.00, we have $235,000.00 where would you suggest applying for a loan to make up the difference?

      • Staff
        Marc | March 20, 2013

        Hello Peter,
        thanks for the comment!

        This question may be better answered by a professional such as financial planner, accountant or mortgage broker. .

        I hope this helps,
        Marc.

    76. Default Gravatar
      Nchs | March 13, 2013

      Hi we are 3 pensioners, looking for a share loan to buy a home, who can help?

      • Staff
        Marc | March 13, 2013

        Hello Nchs,
        thanks for the question!

        It may be useful to speak to a mortgage broker in this situation, they may be able to give you some more information regarding some of the lenders who may have a more flexible lending policy for pensioners.

        I hope this helps,
        Marc.

    77. Default Gravatar
      Amanda | February 23, 2013

      I am a single mum of two beautiful children and I need a personal loan so I can get a used car to help with doctors appointments, school, sports and just going to the shop. I have bad credit.

      • Staff
        Marc | February 25, 2013

        Hi Amanda,
        thanks for the question.

        This page on personal loans for those with bad credit may be helpful to you.

        I hope this helps,
        Marc.

    78. Default Gravatar
      mumtaz | February 9, 2013

      HI MY MOM IS TAKING PENSION CAN I GET PERSONAL LOAN

    79. Default Gravatar
      jason | February 5, 2013

      I’m on the pension and I have tried 6 or more loan finance companies an have been nocked back by 4 already just because I’m on the pension witch is discrimination because you have these ones who just start work that can get a loan or it doesn’t matter how long they have been working for they get loans easy but yet they don’t know how long they could be working there for but a pensioner will always have an income and can’t even get a loan to buy a caravan

      • Staff
        Adrian | February 5, 2013

        Hi Jason. There is a big big problem with the scattergun loan application approach that many people don’t know. For every application you make, a ‘hit’ will be registered on your credit file. The more hits, the less likely you’ll be approved for credit.

        You may have to wait 6 months or so before applying again. But before you apply with a lender, please call them and find out whether you will be eligible for their loans before you apply.

        I hope this helps.

    80. Default Gravatar
      jesse | February 3, 2013

      I would like a loan to pay of my bills and household things thank you.

      • Staff
        Adrian | February 4, 2013

        Hi Jesse. It is generally not a good idea to get a loan to pay bills. Most providers will offer hardship variations if you contact them saying that you are having trouble meeting your bills. Click here to find a free, independent financial counsellor near you, and click here for information on how to access a no or low income loan.

        All the best, Adrian.

    81. Default Gravatar
      Rose | January 27, 2013

      We have sold our house and intend to rent, until the money from house sale is in the bank we will not have the funds to finance the rental ie:- deposit and rent etc. Is there a way round this problem, such as a short term loan which would be paid back within a couple of weeks.

      • Staff
        Adrian | January 29, 2013

        Hi Rose. This should be possible. Most personal loans will have a minimum loan term of one year. However, they should allow for early repayment options with an adjustment paid by you for interest.

        Some of these lenders may be worth calling and enquiring with.

        Cheers, Adrian.

    82. Default Gravatar
      cedric | January 25, 2013

      I get 1010. A month 505.00 a fortnight I am disability pension will I pass for a 3750 dollar loan car needs big repairs done I need help

      • Staff
        Adrian | January 25, 2013

        Hi Cedric. If you can’t get a personal loan, you may be able to get a loan from your local community organisation. Here is a link you may find useful. Cheers, Adrian.

    83. Default Gravatar
      Martin | January 18, 2013

      Hi
      Is it possible for a pensioner to obtain a loan with a guarantor?

      • Staff
        Adrian | January 18, 2013

        Hi Martin. This is possible. Seeing a trusted finance broker in your area with your guarantor is one option.

        Cheers, Adrian.

    84. Default Gravatar
      Shannon | January 14, 2013

      Need get a bigger car

    85. Default Gravatar
      Catherine | January 10, 2013

      Hi Can an aged pensioner get a personal loan to do a Aged Care Course which costs $2200.00 and its a 8 weeks course. How does one go about getting this said loan? Please help.

      Thank you for your time.

      regards Cathy

      • Staff
        Adrian | January 10, 2013

        Hi Catherine. You might want to see if your local community organisation like Rotary or St Vinnies etc would be willing to put up the money for you.

        If you really have to go down the personal loan track, you could get a personal loan secured against a car (if you own one).

        Here is a page you may be interested in:

        St. George personal loans

        Good luck, Adrian.

    86. Default Gravatar
      Jacquelyn | December 18, 2012

      Hello, I am a single mum who is looking for an affordable personal loan of $2000 to $3000. I am on Centrelink payment and receive child support and a disability pay for my daughter. Can someone help me?

    87. Default Gravatar
      samantha | December 11, 2012

      Hi I’d like to borrow $2000 to pay rent and help put food in my cupboards, needing nappies and formula. I can pay back $50 a week. Can u please help me?

    88. Default Gravatar
      penny | December 8, 2012

      I’m on a pension. Am I eligible for personal loan?

    89. Default Gravatar
      Wendy | December 7, 2012

      I would like to apply for a loan to help me with Christmas please.

      • Staff
        Adrian | December 7, 2012

        Hi Wendy. Personal loans aren’t offered to pensioners as far as I am aware. You may want to try Centrelink or your local community organisation for the No Interest Loans Scheme.
        All the best.

    90. Default Gravatar
      Clara | December 5, 2012

      I wish to apply for a loan and I am currently struggling financially. I need your help as I have heard a lot of good feedback. I have one default but would like a second chance as at the moment. I’m struggling. Can you please help me out? Thank you.

      • Staff
        Adrian | December 7, 2012

        Hi Clara. Thanks for your question. It may be hard for someone in your situation to gain a loan. Although one option may be to seek out a free financial counsellor who can work with you and support you to climb out of financial trouble.
        All the best with this.

    91. Default Gravatar
      Robert | December 3, 2012

      Hi. I would like a loan of $3500 to get my bills and house payments back up and to help me with Chrissy shopping it would a big help I can pay $100 dollars a fortnight out of my pensioner payments.

      • Staff
        Adrian | December 7, 2012

        Hi Robert. The Government’s MoneySmart website says that people shouldn’t borrow money to pay utility bills or house payments. Please get in touch with your providers and work out a payment plan to get you back on track. All the best.

    92. Default Gravatar
      Annaliese | November 28, 2012

      I’m on a Disability pension, so I am unable to apply for the pensions loan schemes, as that is only for aged-pensioners.

      I’m wanting to get a personal loan of $10,000
      Is there anywhere at all that I could get accepted for a loan of that amount?

      • Staff
        Adrian | December 7, 2012

        Hi Annaliese. I am not aware of such personal loan providers.
        Sorry I couldn’t be more help.

    93. Default Gravatar
      Cedric | November 22, 2012

      I need a personal to make xmas happen for my children and my car needs fixing badly

      • Staff
        Adrian | December 7, 2012

        Hi Cedric. You may want to look into Centrelink and community organisations. Personal loans usually require a full-time job.
        All the best.

    94. Default Gravatar
      sonia | November 21, 2012

      Hi. I receive payments off centrelink disability pension, family payment, carers allowance children mobility allowance and study allowance. Would I be entitled to a loan?

      • Staff
        Adrian | December 7, 2012

        Hi Sonia. I am not aware of any such personal loans. All the personal loans I am aware of require borrowers to have full-time employment or full-time casual employment.
        All the best in your search.

    95. Default Gravatar
      Nazia | November 13, 2012

      Hi, I’m a single mum on single parenting payment. I’ve decided to move towns for personal reasons and just can’t seem to save enough money for bond and moving costs.

      I was wondering If i’ll be eligible to apply for a personal loan?

      • Staff
        Adrian | December 7, 2012

        Hi Nazia. Personal loans can be hard to come by without employment. I’m not aware of anyone who offers them. Have you spoken to Centrelink about your situation? I understand that they have loans for such situations. Failing that, you could always look to your local community organisation who can loan as part of the No Interest Loans Scheme.
        I hope this goes well for you.

    96. Default Gravatar
      Thomas | November 1, 2012

      I am looking for a loan for two reasons.
      1. I need finance for a bond/ first 3 weeks loan 1-1.5k
      2. I would like to buy a car in the 5-10,000 range.

      I have checked out several sites this search and notice they seem to require a car as security. If I were to get a loan to buy a car, would that car be acceptable?
      Can you help/

    97. Default Gravatar
      Samantha | October 27, 2012

      II am a single mother of two kids and my car blew up today and I really need a car but I have bad credit so it’s hard to apply oldie a loan I promise I’ll pay my weekly payments every week if u could give me $1000 loan please

      • Staff
        Adrian | October 30, 2012

        Hi Samantha. You may wish to talk to a banker at your local branch about this. Pensioner loans are fairly difficult to come by. You may want to look into the Pensioner Loans Scheme which is run by the Federal Government.
        All the best.

    98. Default Gravatar
      ROY | October 19, 2012

      I NEED A TOYOTA LANDCRUISER UTILITY AND EVERY DOOR IS GETTING SHUT IN MY FACE SIR

    99. Default Gravatar
      ian | October 10, 2012

      Hi id like to borrow 2000 for car repairs an up date registration like tyres oil water coolant for car i can afford to repay back 50 a week can u help me please my ph 0746546578/0487001691

      • Staff
        Adrian | October 18, 2012

        Hi Ian. Pensioners often have trouble securing loans. Have you considered the pension loans scheme?
        All the best.

    100. Default Gravatar
      Jennifer | July 9, 2012

      I have 1 loan through centre link. Can I borrow money to help with bills? I am on disability loan, never been in debt and have worked out repayments. Would I be eligible?

      • Staff
        Marc | March 25, 2013

        Hello Jennifer,
        thanks for the question.

        Each lender has their own eligibility criteria which will include a minimum income, credit rating and other factors, so it could be useful to enquire with the lender first before making any formal application.

        I hope this helps,
        Marc.

    101. Default Gravatar
      Floyd | July 6, 2012

      I am a pensioner, however I am working, how do I qualify for a personal pension loan?

      • Staff
        Marc | March 26, 2013

        Hello Floyd,
        thanks for the question.

        Being approved for a personal loan will depend on a lender’s eligibility criteria, which will usually include earning a regular wage, a good credit rating and/or minimum income requirements. For more information it may be helpful to call a lender you’re interested in before applying to discuss your situation.

        Cheers,
        Marc.

    102. Default Gravatar
      David | December 22, 2011

      I would like to apply for a loan for the amount of $6000-00 dollars for repairs on my bike and some new clothes.

      • Staff
        Marc | April 10, 2013

        Hello David,
        thanks for the question.

        We don’t handle any loan products ourselves, as we’re a comparison service. If you’d like to apply for any of the loans on this page it may be helpful to contact them directly to discuss your options.

        I hope this helps,
        Marc.

      • Default Gravatar
        robyn | January 21, 2014

        I just want to let you know that nab have a step up loan that is for people on the pension or health care card holders and that it is up to $3000 . on nab website type step up loan in the search and it will bring it up look at the first link and it has a list of agency is Australia that deal with them to get the application in ,It is a micro loan :)

      • Staff
        Marc | January 22, 2014

        Hello Robyn,
        thanks for the information!

        Regards,
        Marc.

    Personal Loans Comparison

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