Instant Cash Loans on Centrelink
Apply for a cash loan with instant approval with Savvy, even if you're on Centrelink.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
If you’re looking for a small loan to cover unexpected expenses such as medical costs, car repairs or appliance replacements, you’ve come to the right place.
At Savvy, we’re here to help customers on Centrelink benefits get approved for the financing they need quickly and easily. We partner with flexible lenders who can work with your personal financial situation, regardless of your government payments or credit score. Best of all, you can get approved and have the money sent to you as quickly as 60 minutes. Get started with your application now through Savvy and have your expenses covered today.
Features and benefits of instant cash loan
Borrow from $2,050 to $5,000
Amounts are available for as little as $2,050 all the way up to $5,000, making them appropriate for a variety of uses and expenses.
Flexible accepted income sources
We work with a wide range of income streams, whether that be employment and benefit income or up to 100% Centrelink-based.
Rapid turnaround time
With an outcome in 60 seconds and same-day transfer of funds (as quickly as one hour), you can get on top of your expenses fast.
Repay over as long as two years
As part of your loan, you can set your repayment time between 16 days and two years to suit your income needs and keep your loan manageable.
Fixed repayments
You can be certain that your repayments will stay the same from month to month, as they’re based on fixed fees and don’t rely on interest.
No paperwork
You don’t have to worry about mailing or handing in any physical documents when applying, as the whole process is conducted over the internet.
Why apply for a small loan with Savvy?
Apply online, 24/7
No matter the time of day or week, you can complete your small loan application with us online.
Instant outcomes and same-day money
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
Trusted lender panel
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 343 customers.
What types of Centrelink benefits do you consider?
There are a whole range of different types of benefits that can be included as part of your total annual income when applying for an instant cash loan. These include:
- Aged Pension
- Disability Support (NDIS) Pension
- Veterans’ Affairs Pension
- Carer Payments
- Parenting Payment
- Child Care Subsidy
- Family Tax Benefits A and B
- JobSeeker payments (when supplementing Family Tax Benefits)
However, it’s important to be mindful of the fact that not all Centrelink income streams are accepted. If you receive the following, these will not be counted towards your total annual income when applying for an instant cash loan:
- JobSeeker payments (in other circumstances)
- Youth Allowance
- Austudy
- Abstudy
The reason that these aren’t accepted in the same way that other forms of Centrelink payments are is that they’re not considered stable income. These are conditional based upon being in a certain employment or study position, which could change. For example, JobSeeker applies to people who are unemployed and looking for a job, with recipients becoming ineligible to receive it once they find employment.
Similarly, Youth Allowance has an age cap and is (in some cases) contingent on looking for work. This means that recipients of these payments could feasibly lose an income stream after taking on their loan if it were accepted.
How to apply for your instant cash loan with Savvy
Complete our application form
By telling us on the above slider how much money you need and what you need it for, you can get your application started. This is primarily for us to find out about your income and employment situation, which has the most bearing on whether you’re able to receive the loan. This only takes a few minutes to complete.
Receive an instant outcome
After you’ve submitted the application, we instantly match you to a lender whose requirements you fit the best. You’ll know in 60 seconds if your initial application was successful and, if it was, you’ll be redirected to your lender’s website to complete the rest of the process.
Send through your documentation
You’ll submit digital copies of your required documents via your lender’s online portal, which will include the following:
- ID: driver’s licence, passport, other acceptable photo ID or a combination of more than one
- At least 90 days’ worth of bank statements, with a consistent income stream entering your account
- Proof of address (typically via a recent utility bill)
Sign your final agreement
After your lender has approved your application, they’ll send through a digital loan agreement for you to sign electronically.
Upon receiving the signed agreement, your lender will advance your funds into your account and you’ll be free to use them how you wish.
Small loans to suit your circumstances
Helpful small loan guides
Disclaimer:
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
