Pensioner Loans
Borrow and repay how you want with a pensioner loan with Savvy. Find all the best lenders in one place.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Pensioner loans – because retirement is about freedom
When something comes up and you need some extra money, it’s good to have options. Being on the age pension, disability support pension or a carer's pension doesn’t mean you don’t have access to financial services. Getting a loan can help if you want to go fishing, travel to see the grandkids, or even visit an old friend. It can also help spread the cost if you need to redecorate the house or carry out repairs. It’s essential you’re able to get a cash boost when you need one – no matter what the reason or your income type. Pensioner loans are a great way to keep doing what you want when you’re in between pension payments.
Flexible pensioner loans the Savvy way
We believe you should have convenient, unsecured finance options in retirement. That’s why at Savvy, we won’t ask you to use your home as security against your borrowing. Applying for a pensioner loan is simple and straightforward – and we’ll quickly find the best lender for your needs. You can borrow between $2,050 and $5,000 and repay over anything between two years and just sixteen days if you’re just looking to bridge a cash flow gap. Savvy only partners with reputable lenders, and fees on all shorter-term loans get capped. Get freedom, flexibility, and peace of mind when you shop for a pensioner loan through Savvy.
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.
How to apply for your pensioner loan?
Find your best pensioner loan lender
Savvy will only ask you a few basic questions, then we’ll direct you straight to the lender who suits your requirements. After that, getting a pensioner loan is pretty simple.
Work out your repayments
Pensioner loan fees are fixed and capped. For instance, if you opt for $2,500 over six months and want to repay that fortnightly, you’ll still pay a maximum of $400 to get the loan established. Repayment fees are charged every time you make a payment, so in this case, you'd make six monthly payments of $583.33, and the total cost of your pension loan will be $3,500.
Submit your application
Once Savvy directs you to a lender’s website, you’ll get asked to fill out a basic form. The loan provider will also ask for a copy of your driving licence or passport and proof of address in the form of a utility bill or similar. You can upload those documents easily from a phone, tablet, or computer – then you just need to either upload your most recent bank statements or grant read-only access via the web, and you’re all set.
Sign and return the loan agreement
Once the lender approves your application, they’ll email you an agreement, which you can sign digitally. Remember to read through that carefully before you send it back.
Get paid straight into your bank
During the pensioner loan application process, you’ll get asked for your bank account details. When the loan provider receives your signed agreement, they’ll transfer funds pretty much immediately. How quickly they arrive will depend on your bank.
Find out all you need to know about pensioner loans
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.
