Apply for a Centrelink Loan Today
When you apply for a Centrelink loan, you can look forward to a speedy outcome and fast transfers.
Typically, we will only require your personal details such as your address and contact details and your recent 90-day bank statement. If on the rare occasion we need further information is required, we will let know and work with you to get the application submitted as quickly as possible. We only ask for the information we need, and we keep all your data safe and secure.
We strive to offer a service that makes applying for a Centrelink loan as quick and as easy as possible.
When you make your application with bad credit, we will provide you with all the relevant information regarding our fees and any lender costs. You can also read about these in advance on our Costs page.
Centrelink Loan FAQs
Why might I need a loan while on Centrelink?
Life does not stop while you are studying, unemployed, or retired. There are a wide range of unexpected expenses that might pop up between your Centrelink payments. These could include:
- Phone, electricity, and internet bills
- Unforeseen repairs for your house or vehicle
- Medical expenses
- Other fees.
If you are on Centrelink and need a loan, Cigno can assist. Get in contact with us today to find how we can help.
Can I get an urgent payment from Centrelink?
If you receive an eligible payment (e.g. ABSTUDY, Austudy, or Youth Allowance for students), you can apply to Centrelink for a Centrelink advance payment whenever you need. This is a government program administered by Centrelink and has strict requirements.
There are several other government schemes that you may be eligible for. These include JobSeeker, Parenting Payment, Age Pension, and Youth Allowance.
You generally will not be able to apply for a second Centrelink advance if you have already received one in the past year or if you are still paying back a previous advance.
If you think you are eligible for a Centrelink Advance or another government program, we suggest you get in contact with Centrelink directly to discuss your eligibility.
Please feel free to get in contact with Cigno to discuss how we can assist you to apply for a loan from a private lender.
How much can you borrow from Centrelink?
The minimum and maximum varies depending on the type of Centrelink payment you usually receive. Most people (including those on ABSTUDY, Austudy, JobSeeker, Parenting Payment and Youth Allowance) can apply for an advance payment between $250 and $500.
If you think you are eligible for a Centrelink Advance, we suggest you get in contact with Centrelink directly to discuss how much you are eligible for.
Keep in mind that a Centrelink advance is not the only option when you need urgent money. Whether or not Centrelink is able to help, Cigno can! We act as your agent to assist you to apply for a suitable loan up to $1000. We will optimise your application to ensure the best chance for a successful outcome.
How often can you get an advance payment from Centrelink?
When you get an advance payment from Centrelink, you’ll need to wait 12 months before applying again. You’ll also need to pay back the advance before applying for another. You can get more information about Centrelink advance payments here.
Centrelink Loan Repayments
As part of the application process, you will have the opportunity to choose a repayment schedule that is affordable and corresponds with your payday. It is important that you choose the repayment schedule that you can afford while still being able to pay your ongoing everyday expenses. If not, then you should consider other options.
If during your loan, you cannot make a repayment when required, just let us know. We as your agent will arrange a new affordable payment schedule.
Once you have repaid your loan, Cigno can assist you to apply for future loans whenever you need them.
Can Centrelink check your bank account?
Centrelink cannot access your bank account directly, which is why it’s important to keep them up to date with any significant changes to your financial circumstances (e.g. new income).
How long does a Centrelink urgent payment take?
Once approved, you will usually receive your payment within a couple of business days.
How do I get a $1,000 loan from Centrelink?
Unfortunately, most Centrelink advance payments are capped at a maximum of $500. Exceptions to this include the Family Tax Benefit, where you can apply for up to $1,131.10. People on the Age Pension, Disability Support Pension or Carer Payment can get an advance of up to $1,339.20 (for singles) or $1,009.50 (for members of a couple). Either way, you can start your application here.
Alternatively, Cigno can help you by acting as your agent to assist you to apply for a loan of up to $1,000. We will optimise your application to ensure that the best outcome received.