Small Loans For Centrelink Customers Here

Small loans for Centrelink customers available online. Monzi explores the options available to you. From the Government to community initiatives or alternative finance, Monzi investigates what may be available for you.

Monzi is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

What are small loans for Centrelink customers?

Essentially what they say on the tin!

In other words, small loans are unsecured loans valued at $2,000 and under, made available to people receiving Centrelink payments. These loans may be available from:

Each of the above options are unique. Monzi will explain how to apply for all of the above.

Small loans for Centrelink customers – Services Australia

If you receive certain benefits, you may be eligible for an online loan through Centrelink themselves. This is known as the Centrelink advance payment.

In short, consumers receive part of their Centrelink benefits early. Next, consumers repay this advance out of their future payments, interest free! These loans may be a handy alternative to payday loans.

The amount you’re eligible to apply for will be determined by the benefit you receive, as well as your personal situation.

For example, disability pensioners with dependents may be eligible for more than a single person receiving Newstart.

Applying is easy and can be done online through Centrelink online or the Centrelink Express Plus App. For a detailed description on how to apply, visit the Services Australia website today.

These advance loans come with no credit check.

Who can apply for an advance?

Not every Centrelink customer is eligible. For example, you can apply for an advance at any time if you have received one of the following for more than three months:

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

On the other hand, you may not be eligible if you already owe a debt to the Australian Government or if you cannot repay your advance within 6 months.

NILS – Small loans for Centrelink customers

The No Interest Loan Scheme (NILS) is a community initiative set up by Good Shepherd Microfinance, in partnership with NAB.

NILS was set up to provide fair loans for Centrelink customers, as well as other low-income consumers. Specifically, NILS loans are designed to cover important goods and services.

For example, you can use NILS to cover:

  • Household items and white goods, like fridges, washing machines etc.
  • Certain medical services
  • Electrical goods
  • Education resources.

As the name suggests, NILS loans repayments are interest free.

How do I apply for NILS?

As mentioned, NILS provides micro loans for eligible Centrelink customers. Applying is a simple, four-step process. Here’s how it works:

  1. Enquire. Either begin the application online or call 13 64 57.
  2. Interview. If you make it to the next stage, you will need to meet with your local NILS provider. It is important you bring all relevant documents to your interview.
  3. Assessment. Your NILS provider will assess your application.
  4. Outcome. Lenders will inform you of the outcome. If you’re approved, you will reach an agreement on the repayment terms.

Keep in mind, not everybody is eligible for NILS. Specifically, you must meet three criteria to qualify.

  • Possess a health care card or pension card or earn an after tax income of $45,000 or less a year.
  • Live in your current address for over three months.
  • Show an ability and desire to repay your loan.

NILS loans are offered in over 600 locations across Australia; find your closest provider here.

Can Monzi offer small loans for Centrelink customers?

Technically, Monzi does not offer payday loans for Centrelink. Instead, we may be able to quickly pair you with a lender who can!

Before applying with Monzi, make sure you have considered all other available options, including NILS or a Centrelink advance. After all, borrowing small amounts of money can be expensive and might not solve your problems.

If you are considering applying with Monzi, you will first need to meet four criteria.

  • Adult. All applicants must be at least 18 years old.
  • Australian. You must be an Australian Citizen or hold Permanent Residency.
  • Contactable. You will need a personal contact number and email address.
  • Income. You will need to have earned a regular income for the past three months, deposited into an online account.

Please note, Monzi simply tries to pair you with lenders. We cannot, unfortunately, guarantee your application will be approved. In short, if you are successfully matched with a lender, then they will conduct an assessment to determine your outcome.

How do I apply with Monzi?

It is simple to apply for easy loans through our website. In short, everything is laid out in plain English. Moreover, our smart system can access a lot of the information we need. Therefore, you may be able to apply 100% paperwork free.

  1. Apply. Head to the top of the page and use the loan slider to start your application.
  2. Information. Provide all the information we need and submit your application.
  3. Outcome. We’ll let you know if we can match you with a lender. Keep in mind, lenders always need to first assess your application. Lenders send through a digital loan contract if you’re approved.

Can I apply for instant cash loans on Centrelink 24/7?

Yes! With Monzi’s 100% online service, you can apply for loans anywhere 24/7; all you need is an internet connection.

So, whether you need cash loans in South Australia, or easy cash in sunny Brisbane, you’re free to apply.

Keep in mind, however, that if you apply outside of business hours, then your outcome may be delayed.

Finally, instant loans refers to loans that are processed super quickly. We can’t, however, guarantee how quick this will be. Certain lenders may be able to provide an outcome within an hour, while others might take longer.

Can I get a small loan without a credit check?

Potentially, but it’s not guaranteed.

Each lender may vary in terms of their assessment policy. Moreover, a credit check may or may not be part of their process. As Monzi cannot speak on behalf of lenders, we cannot guarantee a payday loan without a credit check.

Keep in mind, a credit check is only one tool that lenders use to assess your application. Specifically, lenders will also consider your current financial situation, namely your:

  • income
  • expenses
  • spending habits
  • repayment history.

Small loans Australia-wide

Our 100% online service lets us try to help people from all over the nation. Moreover, the below table includes a few examples of the loans past Monzi customers went on to be approved for.

Small loans for Centrelink customersAmount (AUD)Location
Instant cash loans on Centrelink$400Mackay, QLD
Loans for disability pensioners$600Bowral, NSW
Quick cash loans online easy approval$1,000Wangaratta, VIC

The above table shows only examples. If you’re offered a loan from a lender, it may not reflect what is presented above.

Small loans for Centrelink customers on laptop man in blue shirt

Are all small loans for Centrelink customers unsecured?

The law requires all loans valued at $2,000 or under to be unsecured loans. So, if you do wish to apply for a secured loan, you will need to apply for something larger.

Luckily, Monzi’s panel of lenders may be able to offer more than just small personal loans.

Medium personal loans value between $2,100 and $4,600. Moreover, depending on the lender, the repayment terms may range anywhere from 13 to 24 months.

Large personal loans range between $5,000 and $10,000. Although, you may be eligible for large personal loans up to $30,000. In addition, large credit contracts require security and may have repayment terms from 13 to 24 months.

Always bear in mind, the lender determines the repayment terms. Therefore, you may be offered terms different to what is presented above.

Can I get a loan if I’m not working?

Yes, potentially! But you will need to earn an income. After all, lenders need to make sure you will be able to afford your loan.

Lenders offering payday loans for Centrelink customers may be able to see your benefits as income. As long as they are regular, consistent and able to cover your repayments, you might be considered for approval.

On the other hand, you may qualify for a loan if you own an asset that earns you money. You could, for example, own a rental property that generates you regular and consistent cash.However, approval is always at the discretion of the individual lender you’re paired with.

How do I repay small loans for Centrelink customers?

Generally, lenders set up a direct debit from your account. Your repayments are, as a result, automatically deducted until your loan is settled. Finally, the direct debit stops automatically when you fully repay your loan.

Depending on your lender, you might be able to choose a weekly, fortnightly or monthly schedule. Therefore, repayments will automatically come out on the agreed-upon cycle.

Consumers need to get in contact with their lender early if they are going to miss a payment. Lenders may be able to cancel or reschedule your repayment if you provide them with enough notice.

Can I get same day small loans for Centrelink customers?

We cannot guarantee consumers receiving same day loans. In short, there is a number of variables that affect when you will have access to your cash.

For example, consumers may not receive their money until the following business day if they approve their loans contract after hours. This holds true for the weekend or public holidays as well.

Furthermore, inter-bank transfer times will have an impact on when you see your money. Transfers between certain banks may be quicker than others. So, who you bank with may also have an effect on your access to cash.

Do lenders charge fees for missed payments?

Yes, there will be additional fees payable for missed payments.

Your loan contract will include all the fees and charges associated with your loan. Therefore, it is important you read through your contract carefully before approving it.

If you have any questions, or are unsure of anything, get in contact with your lender directly. They will be able to walk you through any and all questions you might have.

Finally, be aware you are under no obligation to approve the contract offered to you.

Are small loans for Centrelink customers right for me?

Unfortunately, it is impossible for Monzi to answer this question. After all, there are so many variables at play.

In short, a good fit for one consumer may not be a good fit for another.

As a general rule, however, a small loan may be suitable for you if:

  • you can reasonably afford your repayments without hardship; and
  • the loan meets your needs and objectives.

How long does it take to apply with Monzi?

Application times may vary between consumers. In general, however, applying for quick cash loans is simple, straightforward and may only take you a few minutes.

Once we have your application, we’ll do our best to give you an outcome within the hour. 60 minute outcomes are, unfortunately, only possible during normal business hours.

I need help applying

If you have any questions about applying with Monzi, you can chat with a member of our customer service team at

Unfortunately, as our business is 100% online, we cannot call you with regards to your application. We are, however, happy to answer any and all questions you may have over email.

Finally, be aware that if you email us outside our normal hours, you may not get a reply until we’re back in the office. Don’t stress though, replying to you will be our first priority once we’re back in the office.

Hardship variation

In short, consumers may be eligible for a hardship variation if their circumstances change. Specifically, consumers that can no longer afford their repayments may be eligible.

If you, for example, lose your job, you may be able to apply for hardship. Moreover, lenders may offer a repayment holiday if you qualify.

In addition, get in contact with your lender directly to apply.

Ready to start?

All applications take place online.

Always keep in mind that borrowing small amounts of money may be expensive. Furthermore, small amount loans may not fix your financial problems.

Consumers can call 1800 007 007 from anywhere in Australia to chat with a free and independent financial counsellor. Specifically, financial counsellors can provide information about other options for managing bills and debts.

Considering a loan to cover utility bills? You may be eligible for a hardship payment plan with your provider. Talk to your gas, electricity, phone or water provider to see if you’re able to work out a payment plan.

Finally, The Federal Government’s MoneySmart website shows you how small amount loans work and suggests other options that may help you.

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Factor In


Two credit cards
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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


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. 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

24 months


48% annual percantage rate

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 Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. 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

24 months


21.24% annual percantage rate

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 Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. 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.