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Payday Loans for Single Parents

Learn how payday loans work as well as the eligibility criteria, fees and features that apply.

Just like any other applicant, single parents can apply for a payday loan as long as they can meet the eligibility requirements. Unlike some other forms of credit or personal loans, payday loans accept applicants who receive government benefits or are employed part-time. Some loans even approve applicants with a bad credit score. However, all applicants are required to meet other income and employment criteria. As these loans charge high rates and fees, it's also important to consider the risks and confirm whether or not you can afford to repay the loan during the loan term before applying.

You can use this guide to compare your options, learn more about the fees and features and understand the eligibility criteria.

⚠️ Warning about Borrowing

payday-warningDo 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.


Sunshine Short Term Loans

This is a short-term loan offer with a fast and easy online application for good or bad credit borrowers. You can apply today to get approved for up to $3,000. Get your loan funded in 30 minutes - conditions apply.
  • Loan Amount: $3,000
  • Loan Term: 12-20 weeks
  • Turnaround Time: 30 minutes - conditions apply
  • Fees: 20% of loan amount + 4% of loan amount each month
  • Bad credit borrowers OK
  • Quick & easy Approval
Sunshine Short Term Loans
  • Bad credit applicants considered
  • Fast approval service
  • Borrow up to $3,000
Go to site More info

Loans options to compare

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
12-20 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $3,000 that you repay over 12-20 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Fundo Small Loan
13 to 26 weeks
Same day - conditions apply
20% of loan amount + 4% of loan amount each month
Borrow up to $2,000 and pay it off over 20 weeks. Same day approval for eligible borrowers.
Fair Go Finance Small Loan
3 to 12 months
24 to 48 hours
Establishment Fee of $60 – $400
A small loan between $500 and $2,000 that can be funded in 24 hours.
Nimble Small Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan ($500 to $2000)
13 to 50 weeks
Same day - conditions apply
20% establishment fee + 4% monthly.
Borrow from $500 to $2,000 with same-day funding and no early repayment fees.

The single parent payday loan comparison

Compare the features of the payday loans below before you apply.

Payday LoanLoan TermMaximum Loan Amount
10 weeks or 3 months to 12 months$2,000
62 days to 9 months$2,000
12-20 weeks$3,000
3 to 12 months$1,900

How do payday loans work?

Payday loans are small, short term loans that are designed to be repaid in line with the borrower's pay frequency and income. These lenders usually offer loans between $100 and $2,000 (or sometimes $5,000) for terms between 16 days, six months up to 1 or 2 years. Depending on the loan, you may be charged an establishment fee when you first apply as well as monthly fees.

These loans generally charge higher fees than other personal loans, so it's important that applicants confirm that they can meet the repayment obligations before committing. You can learn more about payday loans in this guide.

A range of lenders consider borrowers who receive Centrelink benefits as income. Depending on the lender, they may require the Centrelink doesn't make up more than 50% of the total income. Compare payday loans for people receiving Centrelink payments for more information.

I don't have a good credit history. Will I be eligible for a payday loan?

Some lenders approve applicants with bad credit as long as they meet the other eligibility requirements. This could include a regular income or Centrelink benefits that make up less than half of the total income. The lender will also consider other financial factors including recent bank statements, expenses and liabilities including other loans and credit cards.

How to find the right loan for you

When comparing loan options, consider the following factors:

  • Borrowing amounts. Lenders usually offer between $100 and $2,000, but if you're a first-time borrower you may only be eligible for less. There are higher loan amounts available – up to $5,000 and $10,000 but the lending criteria may be stricter.
  • Repayments. The repayments are usually lined up with the borrower's pay schedule. For example, if they get paid fortnightly, the repayments will be set to be taken from the account every two weeks.
  • Fees. If you borrow less than $2,000 you will pay a maximum establishment fee of 20% and a maximum monthly fee of 4%, both based on what you borrow. Loans $2,001 to $5,000 have a maximum annual rate of 48% p.a. plus a $400 establishment fee. Arrears fees will also apply if the borrower doesn't make repayments on time.
  • Turnaround to receive funds. Applicants can usually receive the funds on the same day as approval, although some lenders may transfer it the next business day.

Risks of taking a payday loan

Payday loans can leave you worse off than before you borrowed the money so consider the following risks before taking one out:

  • Unaffordable repayments. Payday loans are an expensive way to borrow money. If you can't afford your repayments then most lenders will charge a late fee that will make your financial situation worse.
  • High rates and fees. Rates and fees on payday loans are high and there can be hidden fees if you miss a repayment. Always check with the lender what you would be charged if you are late to make a repayment or if you can't pay back the loan altogether.

What other financing options are available to single parents?

If you don't meet the eligibility criteria or don't think you can repay the loan on time, here are some alternatives to consider.

  • No Interest Loans (NILS). Good Shepherd Microfinance are a charity that offer no interest loans to people on low incomes to be used for specific things such as buying a household item or getting your car repaired. Check the NILS website to see if you could eligible.
  • NAB StepUP. Good Shepherd Microfinance also work with NAB to offer StepUP loans to people that meet their eligibility requirement. These loans can range from $800 to $3,000 with a fixed interest rate of 5.99% p.a. and up to three years to pay it back.
  • Centrelink cash advance. Centrelink allows people to request part of their income support payment or Family Tax Benefit (A) early as an advance payment. The recipients must then pay back it back out of future payments. You can only receive an advance once per 12 months and can afford to repay it within 6 months. Other eligibility requirements apply depending on the government benefit, so make sure to compare these factors.
  • Good Money. Good Money (a community partnership from NAB and Good Shepherd Microfinance) offers people in Victoria, South Australia and Queensland of loans between $300 and $1,500 for essential goods and services (such as fridges, washing machines and education). They also offer StepUp low-interest loans between $800 and $3,000. Be sure to check the individual fees, rates and repayment periods before applying.
  • Charities. There are various charities, including the Salvos or Anglicare, that can offer you emergency financial assistance.
  • Free financial counselling. If you're experiencing financial difficulty, you can contact a free financial advisor on 1800 007 007.

Loan repayment calculator

Payday loans charge higher fees than other options and it's important that people understand what their regular repayments will be (and whether they can afford them) before committing to a loan. You can use the loan repayment calculator below to get an idea of how much a loan can cost you (considering both regular repayment amounts and the total cost).

This calculator is designed to provide you with an estimate based on the numbers you enter. Your personal details are not taken into account and all calculations are based off the calculation model. This calculator is not intended to be the sole source of your information when making a decision regarding your loan, and this calculator also does not guarantee your eligibility. The calculator works off the following assumptions: fees do not change for the life, your lender will charge a 20% establishment fee and a monthly fee that is 4% of your principal loan amount. You may want to seek advice from a financial professional before signing up to a loan.

More guides on Finder

  • Payday loans with no credit checks

    These lenders won't complete a credit check when people apply for a loan, but there are other eligibility requirements that applicants must meet. Learn more here.

  • Money Plus Cash Loan

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  • Car repair loans

    Your guide to the finance options available when you need some extra funds to repair your car.

  • How to avoid loan sharks in Australia

    Need a loan but are worried you won't be approved? Before jumping the traditional bank ship and searching for a loan shark, find out how these "lenders" operate in Australia and why you should avoid them.

  • Payday loan alternatives

    If you're looking for a quick financial solution, payday loans aren't your only option. Find out what alternatives are available to you.

  • Low income loans

    Find out what options are available and how much you need to earn to be eligible for a small personal loan.

  • Repaying payday loans early

    Why not repay your payday loan early if you can? Find out which lenders let you close your loan early without charging you a penalty or fee.

  • Loans for unemployed applicants

    Compare loans that are available to unemployed applicants, learn about the eligibility requirements and discover alternative options.

  • Do payday loans affect my credit score?

    Learn about the information that's listed on your credit report and understand how a payday loan can impact your credit score.

  • A guide to cashing a cheque

    Cheque cashing offers a way to receive money instantly, for a fee, rather than waiting for the three-day turnaround usually required by banks.

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26 Responses

    Default Gravatar
    DaleJanuary 31, 2018

    Hey guy’s just looking for a fast loan for a wedding trip. Cheers

      JonathanFebruary 23, 2018Finder

      Hi Dale,

      Thanks for your inquiry.

      You may refer to our list of wedding loans that have a fast turnaround. Most lenders here can let you find out if you’re approved within 1 business day, and expect funds in your account 1 business day after accepting your loan contract. Please use our comparison table to help you find the lender that suits you.

      When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.



    Default Gravatar
    JacquelineJune 6, 2017

    I’m overdue with my rent by $400 and my credit isn’t that good. I have been declined almost everywhere. I have 2 kids and I have to pay my rent. Where could I get a loan? Thank you.

      Default Gravatar
      JonathanJune 6, 2017

      Hi Jacqueline!

      I’m sorry to hear about your situation. I can just imagine how tough life is to you right now.

      Regarding your question, you may want to try and see your eligibility for bad credit personal loans. “>page to see which one works for you. You can also read our guide about how to increase your chance of getting approved for a loan.

      Moreover, it would be wise to contact the free financial counseling hotline service on 1800 007 007 to help you get as much information as possible regarding your situation before you apply for a loan.

      Hope this helps.


    Default Gravatar
    RebeccaDecember 6, 2016

    Were can i get a loan without a drivers licence and birth

      DeeDecember 6, 2016Finder

      Hi Rebecca,

      Thanks for your questions.

      Lenders just need a way to verify your identity. If you don’t have a driver’s license, some lenders may accept birth certificate along with your Medicare card, etc. However, it’s best to confirm this with the lender before you apply.


    Default Gravatar
    TerriSeptember 1, 2016

    I am a single Mum and take in foster children. I am in need of a new car but can’t quite afford it. I am needing a bigger car due to having more than one child at a time.

    Wanting to know if I am able to borrow any money as I am only on benefits.

    Please advise
    Thank you and Regards

      MaySeptember 1, 2016Finder

      Hi Terri,

      Thank you for your inquiry.

      There are actually lenders that accept applications from people who are receiving Centrelink benefits. Please review the criteria and find more information about the loan options available for you from our Centrelink loan guide.

      Hope this helps.


    Default Gravatar
    RosaJune 21, 2016

    Hello I’m single mother with four children and have poor credit desperately need of a urgent single mothers payday loan today who can help me please????

      ElizabethJune 21, 2016Finder

      Hi Rosa,

      You can find some of your loan options on the page above, and once you’ve found a loan you want to apply for and are eligible for you can click “Go to Site” to submit your application. You can check more details of any of the loans by clicking on the name of the loan.

      I hope this helps,


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