No Credit Check Loans Guaranteed Australia Centrelink

How to get an instant approval loan to get the cash you need today.

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Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

$2100
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$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

If you’re on a modest Centrelink income, getting a loan might not seem like the easiest option, especially with bad credit. Is possible to get a guaranteed loan without any credit check? Find out about your possibilities for a small loan when you’re unemployed with a low credit score.

If I'm on Centrelink, can I get guaranteed approval for a loan with no credit check?

No –regardless of Centrelink benefits, there’s no such thing as “guaranteed approval” for a loan application in Australia, nor can you avoid a credit check to get around a bad score. There are very lenient lenders out there, but none that are going to offer automatic approval with no questions asked. Credit checks are a key part of confirming someone’s details for a loan application, and no legitimate lender is going to skip that step.

There are still loan options out there even if you’re a Centrelink customer and don’t have the best credit, however. Many online lenders are willing to help customers in tough times, including those with lower credit scores, or who depend on Centrelink for support.

When you’re on the hunt for a small loan, Savvy can be a handy place to start. We can connect you one of our lenders and, for loans up to $5,000, you can get instant approval within 60 seconds of clicking submit on your application.

Will being a Centrelink customer make it more difficult to get a loan?

It can narrow your options, but it doesn’t rule you out. Larger financial institutions like banks are less open to helping someone with a lower credit score, especially if they’re depending on government benefits, but smaller financial operators and online lenders are more willing to help. They’re more interested in the current state of your finances than your past credit history and accept more income types, such as Centrelink payments in some cases.

Savvy can quickly and easily connect you with lenders willing to work with your situation and budget. Being on Centrelink doesn’t mean you can’t get help when you need it.

Why apply for a small loan with Savvy?

How to maximise your chances of getting a small loan approved

No outstanding loans

Outstanding debts will show up on your credit report and can negatively impact your loan application chances. It’s best to clear your existing debts before trying to borrow again.

Rebuild your credit

Working on your credit score can go a long way towards helping your approval chances. Get in to the habit of paying bills on time and using your credit card sparingly.

Make sure you meet all the criteria

Read through any conditions and make sure you meet all the criteria for a loan before applying. Otherwise, you’ll probably be rejected and it’ll count against your credit rating (loan applications put a small dent in your credit whether you get approved or not).

Have your budget in order

Having your budget in order will allow you to be confident of making your repayments, accurately report your expenses on a loan application and help you keep your finances in order and let you build up your credit rating.

Keep good records 

A lender is going to want to see paperwork from you, verifying your situation. Keeping good records makes that process a lot easier. Make sure financial records (like payslips for casual work, details of regular expenses or recent debts, and invoices for any freelance jobs you’ve done) are kept safe and easy to find.

Common questions about getting a loan on Centrelink benefits

What can I borrow money for if I'm on Centrelink?

Generally, whether you’re a Centrelink customer or not, instant cash loans are available for almost anything you could need them for – car repairs, bills, new whitegoods, a new TV, school fees, dentist bills, or even a holiday for the family. There are a few things that lenders don’t permit (no gambling, for example), but other than those few exclusions, it’s really up to you.

Are there any criteria I need to meet to be eligible for a small loan?

Generally speaking, there will be some basic criteria for any loan. You’ll need to be 18 or over, an Australian citizen or permanent resident, have earned an income for the last few months (many lenders will count Centrelink payments as part of this) and have a mobile or email so the lender can contact you.

Why is my credit rating bad?

There are various reasons your credit rating might have taken a hit recently. Having credit cards maxed out is a very common reason for bad credit – your credit rating tracks how much of your available credit you use. Missing repayments or bills is another.

Can I fix a bad credit rating?

Absolutely. Your credit rating rarely stays fixed – it fluctuates up and down depending on your credit and borrowing habits. If you spend a few years making sure your repayments and bills are paid on time, not overusing your credit cards and not applying for lots of loans or extra credit, you can rebuild your rating to a good level.

Is it possible for my credit report to have errors?

Yes. You’re allowed to get a report on your credit rating and history once every three months. If you see that there’s something incorrect on there (which does happen), you can apply to have it corrected.

What if someone offers me a no credit check loan?

No legitimate lender will offer a loan without running a credit check. That means that anyone offering a no credit check loan is probably not reputable. Although most small lenders in Australia are legitimate financial institutions, the Moneysmart website maintains a list of questionable lenders to steer clear of.

Can I get a fast cash loan in an emergency, even on Centrelink?

Yes. Instant cash loans from an online lender can be a very quick and easy way to source emergency funds. Savvy’s five-minute application process (available 24/7) can connect you to a lender who can give you pre-approval for a small loan within 60 seconds of applying and have money available within the same business day.

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Disclaimer:

The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.

For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.

Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.