Personal loans for people on Centrelink and single parents
Centrelink loans for single parents the Savvy way
Parenting throws up many unsuspected surprises, both welcome and not so welcome – and parenting on your own can make things twice as unpredictable! Life doesn’t always stick to the rule book, and when you’re looking after a child alone, that can make you even more vulnerable to its ups and downs. The good news is that receiving benefits doesn’t exclude you from getting access to finance when you need that. You can apply quickly online for Centrelink loans for single parents and even receive funds the same day in some cases.
At Savvy, if you’re currently dealing with a financial emergency, we understand you’ll have a lot on your hands, and that’s where we can help. When you’re in a hurry, two things are essential – applications have to be fast and easy to navigate, and you need to know the lender is reputable, charging fair fees and offering a regulated product. That’s why thousands of Australians trust Savvy to source cost-effective Centrelink loans each year. We only deal with accredited lenders, and you can apply for a loan from start to finish via our website.
Why choose Savvy for your Centrelink loan?
With Savvy, you can apply online and get faster access to Centrelink loans for single parents with fixed, capped fees
Step-by-Step Guide to Centrelink Loans for Single Parents
Getting a loan via Savvy is as easy as following a few simple steps. Budget, apply, sign, and receive funds seamlessly
You’ll need to be eighteen or over and be able to demonstrate regular income from Centrelink for at least the past three months. You can do that by granting read-only access to your bank statements via this website. You’ll also have to be a resident or citizen of Australia, so we’ll need you to supply a driving licence, a government-issued ID card, or a passport. You won’t get approved if you have too many other cash loans currently in progress.
Make sure you understand repayments before you commit, and don’t borrow more than you need to tackle an unexpected expense or a one-off purchase. Equally as important is not borrowing less than you need. You can only take out so many loans at one time, and making too many applications in a short period will hurt your credit score. Applications are rapid, so take a little while to sit down and work out what’s what before you start.
You can save and return to an application at any time during the process, so especially if it’s an emergency, as soon as you’ve worked out your budget and how much you need, get the ball rolling. All that entails is a quick, straightforward online form, and you upload your ID and bank statements via the web too. There isn’t long to wait – the online lender can quickly assess your application, which means they can also often have it approved it within minutes or hours.
Once your application is approved by the lender, you’re almost there. At this point, the loan provider will put together all the specifics about your borrowing, the length of the term, and any additional fees in a loan agreement document. They’ll email that you, and you should review the agreement carefully. Check that you understand your obligations and the total cost before you make a final decision about the loan.
When you’re ready to go ahead, just sign the agreement digitally and return it without delay. After that, the lender will make sure everything is in order, and then they’ll release funds to the bank account you nominated on your application form. It’s as simple as that! Some lenders get funds to you the same day, but that’ll depend on your bank and things like the time of day when you apply.