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Instant Cash Loans on Centrelink
Small loans from $300 – $5,000 approved.
- Borrow from $300 to $5,000
- Outcome in 60 seconds
- Flexible Repayments
- 100% Online
Last updated on April 19th, 2022 at 03:28 pm by Thomas Perrotta
Instant cash loans on Centrelink
If you’re looking for a small loan to cover unexpected expenses such as medical costs, car repairs or appliance replacements, you’ve come to the right place.
At Savvy, we’re here to help customers on Centrelink benefits get approved for the financing they need quickly and easily. We partner with flexible lenders who can work with your personal financial situation, regardless of your government payments or credit score. Best of all, you can get approved and have the money sent to you as quickly as 60 minutes. Get started with your application now through Savvy and have your expenses covered today.

Features and benefits of instant cash loan
Borrow from $300 to $5,000
Amounts are available for as little as $300 all the way up to $5,000, making them appropriate for a variety of uses and expenses.
Flexible accepted income sources
We work with a wide range of income streams, whether that be employment and benefit income or up to 100% Centrelink-based.
Rapid turnaround time
With an outcome in 60 seconds and same-day transfer of funds (as quickly as one hour), you can get on top of your expenses fast.
Repay over as long as two years
As part of your loan, you can set your repayment time between 16 days and two years to suit your income needs and keep your loan manageable.
Fixed repayments
You can be certain that your repayments will stay the same from month to month, as they’re based on fixed fees and don’t rely on interest.
No paperwork
You don’t have to worry about mailing or handing in any physical documents when applying, as the whole process is conducted over the internet.
Why choose Savvy for your instant loan?
100% online application process
The entire application process, from start to finish, is online and can even be completed from your smartphone, making it accessible wherever you are.
Instant lender matching
After receiving your initial application, our advanced online technology gets to work matching you with a lender that best fits your situation.
Transparent fees
There aren’t any hidden charges associated with your loan: once you receive your contract, you can see all its fees and what they’ll cost.
What types of Centrelink benefits do you consider?
There are a whole range of different types of benefits that can be included as part of your total annual income when applying for an instant cash loan. These include:
- Aged Pension
- Disability Support (NDIS) Pension
- Veterans’ Affairs Pension
- Carer Payments
- Parenting Payment
- Child Care Subsidy
- Family Tax Benefits A and B
- JobSeeker payments (when supplementing Family Tax Benefits)
However, it’s important to be mindful of the fact that not all Centrelink income streams are accepted. If you receive the following, these will not be counted towards your total annual income when applying for an instant cash loan:
- JobSeeker payments (in other circumstances)
- Youth Allowance
- Austudy
- Abstudy
The reason that these aren’t accepted in the same way that other forms of Centrelink payments are is that they’re not considered stable income. These are conditional based upon being in a certain employment or study position, which could change. For example, JobSeeker applies to people who are unemployed and looking for a job, with recipients becoming ineligible to receive it once they find employment.
Similarly, Youth Allowance has an age cap and is (in some cases) contingent on looking for work. This means that recipients of these payments could feasibly lose an income stream after taking on their loan if it were accepted.
How to apply for your instant cash loan with Savvy
Complete our application form
By telling us on the above slider how much money you need and what you need it for, you can get your application started. This is primarily for us to find out about your income and employment situation, which has the most bearing on whether you’re able to receive the loan. This only takes a few minutes to complete.
Receive an instant outcome
After you’ve submitted the application, we instantly match you to a lender whose requirements you fit the best. You’ll know in 60 seconds if your initial application was successful and, if it was, you’ll be redirected to your lender’s website to complete the rest of the process.
Send through your documentation
You’ll submit digital copies of your required documents via your lender’s online portal, which will include the following:
- ID: driver’s licence, passport, other acceptable photo ID or a combination of more than one
- At least 90 days’ worth of bank statements, with a consistent income stream entering your account
- Proof of address (typically via a recent utility bill)
Sign your final agreement
After your lender has approved your application, they’ll send through a digital loan agreement for you to sign electronically.
Upon receiving the signed agreement, your lender will advance your funds into your account and you’ll be free to use them how you wish.
Your instant cash loans on Centrelink questions answered
There aren’t really any restrictions on what you can use your instant cash loan funds for. You’re free to distribute the funds how you like, whether that be for an emergency, car repairs or something as simple as furniture.
You can even use a cash loan to consolidate debt if you have credit card bills piling up that you’re struggling to manage. You won’t be able to use a cash loan to directly pay off another cash loan, however.
There are a few things you can do to maximise your chances of fast, same-day approval. Firstly, applying as early in the day as possible is a simple yet effective way to do this, as it will be at a far lower risk of being processed overnight compared to applying in the evening. Also, having your documents ready to go ahead of time will save on any hold-ups.
Applicants must be at least 18 years of age and hold citizenship or permanent residency. They must also be able to display a regular, consistent income over the past 90 days in the form of their bank statements.
Small loans come with two main fees: an application fee and ongoing service fees. An application fee is a one-off charge evenly distributed throughout your monthly repayments worth up to a maximum of 20% of your loan amount (capped at $400 for loans above $2,000). Ongoing fees are charged with each instalment at a rate of 4% of your loan amount (capped at 48% p.a. for loans above $2,000).
Yes – cash loans come with no early repayment fees, which means you can pay it off as quickly as you like without incurring additional fees. This is a great way to potentially save hundreds of dollars on ongoing fees. However, you will have to pay your application fee in full as part of paying off your loan early.
Yes – as a Centrelink recipient, you may be eligible to apply for a cash advance on your benefits and have funds taken out of future payments. The amount you can borrow varies depending on your personal Centrelink situation and changes from year to year.
For example, while Age and Disability Support Pension and Carer Payment recipients are eligible for advances over $1,000 every six months, most other benefit types are only eligible for a maximum of $500. However, these are only suitable for smaller amounts and can’t extend up to $5,000 like cash loans.