Can I get a loan on centrelink payments?

Anon Imperfect Mum

Can I get a loan on centrelink payments?

Has anyone successfully gotten a $10,000 loan from commonwealth bank? With getting centrelink and a bit of money from working. I need to pay off zippay with it and get my car badly fixed.

7 Replies

Anon Imperfect Mum

Lol, no. Unfortunately Centrelink isn't seen as income even tho it is money. Ridiculous really.

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Anon Imperfect Mum

No

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Anon Imperfect Mum

Try it and see, it's not what the income is, it's how much total.

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Anon Imperfect Mum

Maybe talk to them before you apply, any knock backs for credit will affect your credit rating.

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Anon Imperfect Mum

I couldn't get a $1000 loan while on Centrelink so I doubt it.

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Anon Imperfect Mum

Not likely, you can go in and ask but I wouldn't recommend having them put in an application unless they're certain you're going to get it.
Can you increase your hours at work?
I'd suggest a financial counsellor instead, maybe freezing that zippay if they can under the hardship clause so it doesn't keep growing and chipping away at it.
You may be eligible for a NILS loan for the car if they still exist.

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Anon Imperfect Mum

No. ZipPay and Afterpay are a nightmare. Try to avoid those things and same day high interest pay day loans at all costs.

Pay off the zippy asap by not getting a loan. If you're hoping for 10k loan, just buy a new car. Dot get a loan to pay off a car that needs to be fixed.

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