Alternatives to payday loans
Pay on demand apps
Suitable for: Employed borrowers who need a small amount of money before their next paycheck.
Read more about pay on demand apps
Debt consolidation loans
Suitable for: People who want to consolidate multiple debts into one repayment.
Read more about debt consolidation loans
Buy Now, Pay Later
Suitable for: People who need to purchase specific items and pay them off in installments.
Read more about Buy Now Pay Later
No Interest Loan Scheme
Suitable for: Borrowers on low incomes who need to purchase appliances, furniture or an essential vehicle.
Read more about the No Interest Loan Scheme
Home Equity Access Scheme
Suitable for: Senior Australians of pension age.
Read more about the Pension Loan Scheme
Centrelink Advance Payments
Suitable for: People who need an advance on a Centrelink payment to cover living expenses.
Read more about the Centrelink Advance Payments
Army Relief Trust Fund
Suitable for: Australian defence force personnel who need financial assistance.
Read more about the Army Relief Trust Fund
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