⚠️ Warning about Borrowing
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
- If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Hi there my husband and I are on pensions I am on a carers pension and we need to get out car fixed the gearbox has gone. We need to pay $4000.00 to get the work done so my question is can you help us?
Hi Jilly,
Thank you for your inquiry.
If you receive Centrelink payments, including the pension, and are looking for a loan, you may find your options somewhat limited. Lenders have stricter criteria for those receiving the disability support pension (DSP) carer’s pension or the age pension. Nevertheless, please feel free to check our pensioner loans and find out how to apply.
I hope this information has helped.
Cheers,
Harold
I am on Newstart – have a credit card which is charging a high interest rate. Presently paying $100 per fortnight but balance is hardly declining. I want to pay off the loan so interested in a low interest or no interest loan to pay off the credit card and then get rid of the said credit card
Hi Gypsylel,
I’m sorry to hear about your credit card. I know how difficult it is sometimes to pay off debt especially when you have to deal with interest.
We do have low-interest personal loans. Please go to that page and explore your options. Check which one might meet your needs.
Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.
I hope this helps.
Cheers,
Danielle