Loans for pensioners up to $5,000
Are you a pensioner? Secure a loan in 3 simple steps!
- Easy online application & fast approval
- Flexible repayment options
- If approved – receive funds the same day!
Why get a pensioner loan?
When life throws unexpected expenses your way, a pensioner loan can provide the financial relief you need, fast. Whether it’s for urgent bills or a dream getaway, our loans for pensioners can help you live life on your terms. With quick approvals and flexible repayments – take control of your finances and focus on what truly matters.
How our loans for pensioners work
Getting a loan on a pension can feel challenging, but that’s why we’re here. Our loans for pensioners range from $500 to $5000 and are specifically designed to help people who rely on pension payments and need more financial flexibility.
Once approved, the money goes straight into your bank account, so you can handle unexpected expenses without stress-free. Plus, with flexible repayment plans tailored to your situation, you can repay the loan at your own pace.
1. Apply online
Simply fill out our quick online application. Choose how much you'd like to borrow, select your repayment term, and provide some personal details with proof of identity.
2. Get approval
After submitting your application, we’ll contact you to confirm everything. Once approved you’ll get a confirmation email, and we’ll collect your bank details to transfer the funds.
3. Start spending
If approved, you’ll receive the money by the end of the day — often even sooner. From there, you can use the funds as needed and repay your loan on flexible terms.
What can I use a pensioner loan for?
A pensioner loan can be used for almost anything, but here are some common uses among our customers:
Car repairs
Facing an unexpected bill from your mechanic? Get back on the road sooner, with extra cash to cover hefty car repair costs.
Medical expenses
Medical bills can add up fast. Our pensioner loans provide peace of mind, offering quick relief for medical expenses so you can focus on your health, not your finances.
Rental bonds
With our fast cash loans, you can get the advance payment you need to secure your new home and pay your deposit upfront.
Furniture or white goods
Even with a stable income, buying a new appliance can be a blow to your bank account. Furnish your house faster with quick cash loans from City Finance.
Unexpected emergencies
Life happens, and emergencies can come out of nowhere. Our pensioner loans are designed to provide fast, stress-free assistance when the unexpected hits.
Vet bills
Your pet’s health is a priority, and we’re here to help. Cover urgent vet bills and give your furry friend the care they deserve without delay.
Home renovations
Add value to your house and start building sooner a loan from City Finance. Pay a small amount out of your weekly pay packet at a rate you’re more comfortable with.
Travel loans
Finally take that time off and make your dream holiday a reality with quick access to funds for flights, accommodation and more.
Payday advances
Struggling to make it until payday? Our pensioner loans provide a quick and easy way to bridge the gap, helping you cover expenses without stress until your next payment arrives.
Why choose City Finance?
We offer loans to pensioners all across Australia, including Brisbane, Sydney, Melbourne, Perth and Adelaide.
Fast approval process
We know that costs, bills and payments can be urgent – so we pride ourselves on our quick application process and quick approval process.
Inclusive lending
Whether you have a bad credit history or receive Centrelink benefits, rest assured we assess every loan application on a case-by-case basis.
Flexible loan options
Everyone’s financial situation looks different. Our team will work with you to choose a loan amount and repayment schedule that works for you.
Hassle-free repayments
Skip the worry of missed payments. Our direct debit system will automatically deduct your loan repayments from your nominated bank account on the due date.
Trusted lender
Feel confident knowing you’re in safe hands. With decades of industry experience, we’re proud to have helped thousands of Aussie customers access reliable finance.
Pensioner Loan FAQs
What are loans for pensioners?
Pensioner loans are personal loans available to people receiving pension payments from the Age Pension or Centrelink Disability Pension and are in need of additional funds.
- Age Pension: For Australians aged 66 or older, with eligibility based on income and assets.
- Centrelink Disability Support Pension: For Australians whose physical, intellectual, or psychiatric impairments prevent them from working or who are permanently blind.
At City Finance, we don’t believe that just because you’re already receiving money from the Government doesn’t mean that you should be ineligible to apply for a loan. In fact, the payments are proof that you have money coming in and have the scope to pay the loan back.
Can I borrow money if I am a pensioner?
Yes! If you’re an Australian resident receiving payments such as the Age Pension or Centrelink Disability Pension, it’s likely you’re eligible for a pensioner loan with City Finance. You’ll just need to provide proof of your government benefits, ID, bank statements, and fill out a simple online form.
Receiving other Centrelink benefits? Check out our Centrelink Loans for more information.
What documents and information do I need to provide in my personal loan application?
Applying for a personal loan with City Finance is simple. We only need:
- A copy of your ID
- Proof of total income (Including pension or Centrelink payments)
- 90-day history of bank transactions
Will my credit history be checked for a pensioner loan?
We do run credit history checks for our loans – including pensioner loans. However, if you’re worried about a bad credit history impacting your ability to get approval we do offer bad credit loans. These loans allow you to apply for a personal loan with us and our team will look at your current financial situation and your history with City Finance to determine whether you’re eligible.
Is a pensioner loan a personal loan or a secured loan?
Our pensioner loans are unsecured personal loans, which means no security or collateral is required. Approved customers will receive a cash deposit that can be used as needed.
Can I get a $10,000 loan on Centrelink?
While we offer loans up to $5,000, we don’t provide loans as large as $10,000 for those receiving Centrelink benefits.
How much can I borrow as a pensioner?
With City Finance’s pensioner loans, you could borrow between $500 and $5000. Simply choose the loan amount you need when applying, and our team will assess your financial situation to determine the right loan amount for you.
What fees are involved with your loans?
We offer two types of pensioner loans:
● SACC (Small Amount Credit Contract): Borrow $500 to $2,000. Fees include a 20%
establishment fee upfront and 4% monthly maintenance.
● MACC (Medium Amount Credit Contract): Borrow $2,001 to $5,000. A $400 establishment fee
applies upfront, with a 48% annual percentage rate and no monthly fees for maintenance.
What happens if I can't meet a repayment?
While we strive to make loan repayments easy by setting up a direct debit from your bank account on the due date, we understand that things change. If you can’t make a repayment, please get in touch with us and our team can work with you to figure out a contingency plan that you can manage.
What sets City Finance apart from other lenders?
Many lenders and financial institutions will reject applicants solely based on their employment status or if they are receiving Government benefits.
At City Finance, we believe pensioners can responsibly repay loans, so we offer loans tailored to your financial situation. Our skilled lenders take the time to understand each of our customers to find a solution that works for their financial circumstances.
We understand that pensioners often need fast cash loans to cover unexpected bills, and we believe they have the capability to pay these loans back. Because of this, we happily offer same day cash loans to many pensioners – as well as those on disability pensions.
