Centrelink Loans – Small Loans While On Centrelink Payments
Are Loans available to Centrelink Customers?
This really depends on your situation, as the regulations state that Small amount credit contracts are not be offered to someone who receives at least 50% of their gross income as payments under the Social Security Act 1991 and the repayments would exceed 20% of the consumers gross income. So if you have other income, you might be eligible.
Are Cash Loans available to the Unemployed?
No, unfortunately we are unable to lend to the unemployed.
Many people across Australia receive payments from Centrelink for financial support. These payments may be in relation to an unemployment claim, a disability claim or another similar type of claim. For some, the payments may be ongoing, and for others, they may be temporary in nature. While these payments may provide financial assistance for those in need and who qualify for support, they may not fully provide for all of a person’s financial needs. If you are currently receiving these payments, you may wonder if you can qualify for a loan on Centrelink payments.
The unfortunate truth is that you may not qualify for a traditional loan on Centrelink payments. These are loans that may be extended through a local, regional or national bank. Such lending institutions typically will extend loans to you only if you are gainfully employed and can document your income.
Getting the Cash You Need
If you are looking for a way to get a small loan and have sufficent additional income on top of your centrelink payments, rest assured that there may be a great option available to you. Small cash loans are available for residents in Australia. These loans may be used for any number of purposes, and these include
– Paying for unexpected expenses
– Making repairs around the house
– Paying for new items like clothing or appliances.
The fact is that there are no limitations placed on how the funds can be used, so if you need money, these small loans may be an ideal solution.
Will You Qualify?
If you are wondering if you can qualify for this type of loan, you are not alone. The fact is that you can quickly and easily determine if you qualify by completing a short online application. The application can be completed at any time of day or night, and you may find out very quickly after submitting it if you qualify for a loan and what loan amount you qualify for. These small loans may be a solution for many people’s financial needs. Simply take a few minutes today to complete the loan application, and you may discover the perfect way to easily obtain the money that you need today. (loans are subject to an assessment of suitability and affordability)
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