Payday Loans Centrelink No Credit Check – Is It My Only Option?

Payday loans Centrelink no credit check is a popular search term for people who receive Centrelink, but need an additional cash boost. While these loans may, in some situations, be helpful, there may be other alternatives out there.

Disclaimer: Monzi cannot guarantee whether or not the lender you are paired with will conduct a credit check. A credit check may or may not be part of a lender’s assessment policy. Monzi has no control over the assessment of applications.

What does payday loans Centrelink no credit check even mean?

Great question! Let us explain.

Overall, payday loans Centrelink no credit check refers to cash loans that are available for consumers receiving Centrelink. Additionally, there will not be a credit check conducted on the application.

If you’re still confused, we don’t blame you. Don’t worry though, we’ll break it up and take it step by step.

What are payday loans?

Payday loans are small-amount loans (usually under $2,000) that are repaid over a short amount of time, from a few weeks to 1 year. Additionally, these loans are characterised by charging high-interest, as well as other fees and charges.

Short-term cash loans are popular amongst borrowers who are looking for fast and accessible credit. However, payday loans have also come under a lot of criticism in recent years (more on that later).

What are Centrelink loans?

It is more correct to refer to Centrelink loans as loans for people on Centrelink. This is, simply, because these loans are not provided by Centrelink. Instead, they are offered by credit providers to consumers who receive Centrelink.

Most traditional lenders, like banks, are unlikely to offer a loan to a consumer who receives Centrelink as part of their income. Therefore, Centrelink customers who are looking for credit may have to look elsewhere. However, there are more options available to Centrelink customers, outside of payday loans Centrelink no credit check. We will explore these in a moment.

And what is a no credit check loan?

Many credit providers will conduct a credit check as part of their assessment process. A credit check examines an applicants credit report and credit score, to ascertain the creditworthiness of an applicant.

Inversely, a no credit check loan does not include a credit check in the assessment process. Instead, an applicant will be assessed solely on their income and bank statements.

Finally, no credit check loans are also often associated with payday lenders.

History of short-term lending an Australia

Payday lenders have had a relatively short, but turbulent history in Australia.

Before 20 years ago, short-term small-amount loans were yet to make an impact on the Australian market. Then, in the late 1990s, banks and credit unions began cutting back on their short-term lending. This, in turn, opened up the market for small-amount cash loans from alternative financial service providers. Borrowers who were looking for easily accessible cash were now presented with a convenient solution to temporary cash shortfalls. Within a few years, the industry was booming.

In the 10 years leading up to 2014, the demand for these small amount credit contracts increased twentyfold. In 2012 alone, it is estimated more than 1 million Australians took out credit contracts from payday lenders, generating fees and interest charges valued up to a total of $1 billion.

Why the boom?

Experts point to a number of factors that contributed to the boom of payday lenders:

  • Income inequality.
  • Reduction of full-time positions in the labour market.
  • Increased difficulty for people on low-income to access mainstream credit.
  • Online lenders allowing easy access to loans of up to $2,000 from a mobile device.

Criticisms of payday loans Centrelink no credit check

Payday loans have been criticised for charging high interest rates. In addition, they have been known to charge high fees and have inflexible repayment deadlines.

In other words, payday loans Centrelink no credit check may have a repayment term of a few weeks. If a borrower is unable to meet their payment deadlines, however, the payday lender may charge additional fees that can quickly snowball into unmanageable debt.

So, while the intended purpose of these loans is to provide a quick injection of cash to cover a shortfall, they can often, instead, lead borrowers down a spiral of debt.

In support of payday loans Centrelink no credit check

It may be unfair to characterise payday loans as always being dangerous or predatory. There are, indeed, circumstances where these loans have served their purpose, and borrowers have repaid their loan in time without too much hassle.

For many Australians, especially those with a poor credit history, cash loans may seem to be their only viable option when looking for credit. After all, most payday loan borrowers do not have access to a credit card or mainstream bank loan. In addition, it is estimated around 60% of these consumers are held back by poor credit.

However, many Australians with poor credit are simply unaware of the other options available to them. So, if you’ve been googling payday loans Centrelink no credit check, read on.

What is a credit report and why is it important?

Your credit report contains information recording your credit history. In other words, it records your track record as a borrower.

The following information is included in your credit report:

Personal detailsYour name, date of birth, current and past addresses, employment and driver’s license number.
Joint applicantionsIf you applied for credit with another person and both your names appear appear in the credit card contract.
Credit cardsInformation on the credit cards you hold.
Arrears brought up to dateAny debts that were previously overdue but have now been settled.
Defaults & other credit informationThis could include utility bills which are overdue by 60 days or more and where debt collection has started.
Credit applicationsAny credit you’ve applied for including loans you have been the guarantor on.
Debt agreementsAny bankruptcies, court judgements, debt agreements or personal insolvency agreements in your name.
Credit liability informationFor each credit product you have held in the last two years, including information on the type of credit product, credit limit and opening and/or closing dates of the account will be included in your report. The identity of your credit provider will also be included.
Commercial credit applicationsAny commercial or business loans you have applied for since March 2014.
Report requestsWhich credit providers have requested copies of your credit report.

Repayment history

Additionally, your credit report will detail your repayment history, which will includes:

  • the date your credit payments were due;
  • whether or not you made the repayments by the due date; and
  • the dates you made up any missed payments.

Where can I get a copy of my credit report?

Once a year, you have the right to a free copy of your credit report. Keep in mind, however, that it may take up to 10 days to receive your report. If you need your report sooner, you may need to pay.

You can get a free copy of your credit report from these credit reporting agencies:

  • Equifax – PO Box 966, North Sydney, NSW 2059 (13 83 32)
  • Experian – GPO Box 1969, North Sydney, NSW 2060 (1300 783 684)

Are no credit check loans safe?

If you feel like your credit record will get in between you and being approved for a loan, you may feel like a no credit check loan is your only option.

However, payday loans Centrelink no credit check may charge very high fees and have inflexible repayment terms. Therefore, you should consider all other options before you begin applying for a no credit check loan.

For example, if you are a Centrelink customer, you may qualify for a Centrelink advance payment. Additionally, if you are on low-income, you may also qualify for the No Interest Loan Scheme (NILS).

Alternatively, you may want to consider bad credit loans. These personal loans for bad credit can often have longer repayment terms than payday loans Centrelink no credit check. In addition, personal loans potentially having more flexible repayment terms.

We will, however, explore all these options in a moment.

I’m a Centrelink customer – what are my options for credit?

If you are a Centrelink customer, you may be eligible for credit through Centrelink itself.

The Centrelink advance payment allows Centrelink customers early access to part of their benefits. This is, then, repaid interest-free out of your future Centrelink payments.

Who can apply for an advance payment?

Not every Centrelink customer will be eligible to apply for an advance payment.

However, you can apply for an advance after at least 3 months of getting one of the following payments:

  • Age Pension
  • Carer Payment
  • Disability Support Pension
  • Farm Household Allowance
  • Newstart Allowance
  • Parenting Payment
  • Widow Allowance
  • Widow B Pension
  • Wife Pension
  • Youth Allowance for job seekers

Alternatively, you can apply for an advance at any time if you’re receiving one of these payments:

  • Austudy
  • Youth Allowance for students
  • Family Tax Benefit Part A
  • Mobility Allowance

You can find out more about the application process and who is eligible via the Services Australia website.

And who can’t?

You cannot get an advance if you have already had one in the past 12 months while receiving one of the following:

  • Austudy
  • Farm Household Allowance
  • Mobility Allowance
  • Newstart Allowance
  • Parenting Payment (unless you become single in the past 28 days, then you may be eligible)
  • Widow Allowance
  • Youth Allowance

Payday Loans Centrelink No Credit Check applied for by woman on laptop

How do I get a $1,000 loan from Centrelink?

How much you are able to receive from your advance payment will depend on which Centrelink benefit you currently receive, as well as other certain factors.

If you are receiving Youth Allowance, for example, the lowest advance you can get is $250, whereas the highest is $500.

Alternatively, if you receive a carer payment and are part of a couple, the lowest amount you’re eligible for $437.70 and the highest is $1,313.10.

You will, therefore, need to get in contact with Centrelink directly to find out how much you can borrow.

No Interest Loan Scheme

If you are not receiving Centrelink, but have bad credit and are looking for a way to access safe credit, you could consider a loan from the No Interest Loan Scheme (NILS).

NILS is an option for individuals and families on low incomes to access fast, fair and affordable credit. In particular, you can borrow up to $1,500 for essential goods and services. Next, your repayments can be set up at an affordable amount over 12 to 18 months interest-free.

What can I use my NILS loan for?

NILS is an initiative set up to help low-income individuals and families access credit to cover essential goods and items, such as:

  • fridges, washing machines, stoves and other white goods;
  • furniture;
  • some medical and dental services;
  • vehicle costs;
  • electrical goods;
  • education essentials (computers textbooks); and
  • certain other items as requested.

Unlike, say, a personal loan or a payday loan, you are limited to what you spend your NILS loan on. For example, you cannot use your NILS loan to cover:

  • rent or bond;
  • bills;
  • holidays; or
  • use it as cash.

How does it work?

The first step in taking out a NILS loan is to qualify. So, to be eligible to apply, you must:

  • have a health care card/pension card OR earn less than $45,000 a year (after tax);
  • reside in your current premises for more than 3 months; and
  • show a willingness and capacity to repay.

If you’re eligible for a NILS loan, here’s how to apply:

  1. Enquire: by calling 13 64 57.
  2. Interview: you’ll need to bring documentation to a meeting with your local provider.
  3. Assessment: your loan application will be assessed.
  4. Outcome: you’ll be informed of the outcome. Finally, if approved, you will come to an agreement on repayment terms.

Personal loans Vs payday loans Centrelink no credit check

You could, additionally, apply for a personal loan.

Personal loans often differ from payday loans as they have longer repayment terms. This often translates into more affordable regular repayments. Personal loans may also have more flexible repayment terms.

Lenders offering personal loans online can, also, often offer many of the positives of payday loans. For example, some personal loans can be applied for 100% online and may be transferred to your bank the same day.

However, finding the right personal loan online can often be time-consuming and even feel overwhelming. After all, there is a huge number of lenders online who offer personal loans. Who, then, has the time to sift through different lender options?

Well, luckily, Monzi Loans is here.

Monzi Loans

We’re Monzi Loans! We’re a 100% online lender-finder that was started by Aussies, for Aussies.

What do we do? While we aren’t a lender ourselves, we aim to find you a quality lender offering personal loans of $300 to $10,000, all within minutes of applying.

So, when you use Monzi, you can forget spending hours online trawling through lenders. Additionally, you can forget about filling in multiple applications or dealing with mountains of paperwork. In short, we make finding finance online the easiest thing you’ll do all week.

Can Monzi find payday loans Centrelink no credit check?

Wondering where can I get a loan from without a credit check on Centrelink? Well, as the lender-finder, Monzi cannot guarantee whether or not the lender we pair you with will conduct a credit check on your application. We do, however, work with lenders who may offer cash loans for customers with bad credit.

What does this mean? Put simply, you could still be approved for a personal loan even if a credit check is performed on your application.

This is because when you apply, Monzi is able to obtain a secure, read-only copy of your bank statements. We can, in turn, pass this information on to a potential lender. Therefore, lenders are able to get a better understanding of you and your current relationship with money.

So, if lenders can see you’ve been receiving a regular income, and have been keeping up with whatever other repayments you may have, you may still be considered for approval.

Keep in mind, however, that the final decision will always rest with the lender themselves.

What about instant cash loans no credit check centrelink?

Again, if you are matched with a lender, we cannot say if you will be offered a loan with no credit check. As a result, instant cash loans no credit check Centrelink may not be possible.

That said, at Monzi, we know many lenders who might be willing to consider applicants who receive Centrelink benefit payments. Moreover, these lenders work fast and may be able to provide seemingly instant outcomes on your application. However, ensure you provide all the necessary details when you apply so that your assessment can be completed without delay.

I need payday loans Centrelink no credit check in 1 hour – will Monzi help?

Monzi cannot give you an exact estimate on when you’ll have access to your cash.

Monzi, on the other hand, may be able to pair you with a lender within 1 hour of applying. Although, this is only within normal business hours. Additionally, lenders will differ in application processing times on instant loans. As a result, we cannot give you an estimate on when you will have access to your funds.

However, there are certain factors that can affect how quickly you’ll be able to access your funds.

  • Time of application: Most lenders will only be able to transfer your funds during their normal business hours. As a result, if you accept your loan contract outside of these hours, your loan may not be transferred until the next business day.
  • Banking rounds: Lenders will have rounds of banking throughout the day where they process transfers. Generally, their final round of the day will be towards the end of their normal hours. Therefore, get in contact with your lender to find out about banking times. Also, keep in mind that, in general, no banking takes place over the weekend.
  • Additional information:Your lender may get in contact with you asking for additional information. In short, they will not be able to approve your application or transfer your funds until this is complete.

I’m on Centrelink? Can Monzi still help?

Absolutely! If you are receiving Centrelink you are more than welcome to use Monzi’s lender-finder service.

Additionally, we work with a trusted network of lenders, who may be able to regard regular Centrelink payments as a form of income. In other words, even if you are receiving Centrelink, Monzi may still be able to help. We could, potentially, match you with a lender offering instant cash loans for unemployed.

So, instead of searching online for payday loans no credit check Centrelink, search instead for Monzi.

Loans easier to get than payday loans Centrelink no credit check

While that is a great question, it is impossible to answer. After all, everybody’s individual circumstances are different, as are the type of loans they can qualify for. Monzi, therefore, cannot offer an answer to this question.

What we can say, however, is that Monzi’s lender-finder service definitely makes it easier to find lenders who could offer you personal loans. In addition, we may be able to pair you with a cash lender with fast approval speeds.

Step one – get started

Enter in the amount you’re thinking of borrowing, as well as your ideal repayment terms. Finally, you’ll be given an idea of what your weekly, fortnightly or monthly repayments may look like. If you’re happy, click Apply Now.

Step two – time to relax

Once you have completed our online form, we’ll take it from here. Next, our automated system will scan through hundreds of different loan products to try and match you with a lender who fits your individual circumstances. Usually, we should have an outcome for you within minutes. We’ll let you know via text and email, so keep an eye on your devices.

Step three – meet your new lender

If successful, your new lender should be in touch. From here, you’ll deal with them directly. Generally, if your application with them is approved, they should send through your loan contract for you to read over and, if you’re happy, approve. Once you approve your contract, your lender should send through your loan.

Keep in mind, however, that access to funds is dependent on inter-bank transfer times. Often, you can receive a same day loan after you approve your contract. However, you may need to wait up to one business day. This is, also, dependent on your lender, as well as your individual banking circumstances.

Am I eligible?

If you’re concerned your only option for credit may be payday loans, think again. You could, instead, be eligible to use Monzi’s lender-finder service. Monzi may be able to match you with a lender who may offer a bad credit personal loan for Centrelink customers.

So, to be eligible to get started with Monzi, make sure that you:

  • are at least 18 years old;
  • have a valid personal email address and mobile number;
  • have a personal bank account that has received some sort of income for the last 90 days; and
  • are an Australian Citizen or Permanent Resident.

What can I use my loan for?

One of the best things about personal loans is they can be used for a myriad of personal expenses. Therefore, you can use your loan to cover anything from car registration, car repairs, education costs or even for a holiday.

Ready to apply for payday loans Centrelink no credit check?

Start by scrolling up to the loan slider. Apply for personal loans from $300 to $10,000 now.

Alternatively, if you have any further questions, consider our FAQs.

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You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000


12 months (minimum)

12 months (maximum)


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. The minimum and maximum loan term is 12 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

67.41% Comparison Rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

48% Comparison Rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.