Just because you're receiving Centrelink payments doesn't mean you can't get a loan.

If you’re receiving Centrelink payments, you may still qualify for a Cash Converters loan. We know that life doesn’t always go to plan, so if your total repayments of any existing SACC* loans aren’t more than 20% of your Centrelink income, then you can apply for up to $2,000 instore or online for anything from a car repair to an unexpected vet bill.

For example, if you receive more than $600 fortnightly, then you are eligible to apply for a Small Personal Loan with a default repayment period of 9 months (although flexible loan terms may be available).

*A SACC is a Small Amount Credit Contract which is defined in the National Consumer Credit Protection Act (NCCP Act) as being a loan amount of no more than $2000, set up to be repaid over a term of not less than 16 days and not more than one year.

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Fast Payment Times

Once your personal loan is approved, you could receive the money in your account within 20 minutes.

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Less than 10 minutes is all you need to apply with our fast online application.

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Keep track online 24/7

Manage repayments and keep track of your loan anytime, anywhere with My Loans.


But don't just take our word for it. Hear from some of our satisfied customers

The repayments are reasonable, it’s hard to get a loan from any agency whilst on Centrelink payments and the customer service is second to none, very simple process.
23 October 2019
Helpful to people on Centrelink. Good customer service. Reasonable payments.
7 October 2019
It's great that Cash Converters lend money to people on Centrelink and they only lend what you can afford to repay.
20 September 2019


Small Personal Loan

Online or instore

Loan amount 
$400 - $2,000

Loan duration 
Up to 12 months

Turnaround time 
24 - 48 hours

20% Establishment fee + 4% monthly fee

Frequently Asked Questions
  • Do I have to be an Australian resident?

    To apply for a Personal Loan, you'll need to be an Australian resident.

  • Is there a credit check?

    We do credit checks for Personal Loan applications only, this will leave a general finance inquiry on your credit file. However, as long as your current financial situation is stable, we will consider your loan application.

  • Can I apply if I have a bad credit history?

    Yes, you are still eligible to apply. Credit history only forms one part of the applications process and other information, such as employment and expenses, is also considered as part of the assessment.

  • Do I get instant approval for a Personal Loan?

    Though we don’t offer instant approval, we’ll only need to see your documentation once your application is accepted. The sooner we have all the documentation we need to determine if a loan is suitable, the quicker you will have a result. Depending on who you bank with, the loan funds may be in your account within 20 minutes of approval.

  • How long before I get the money?

    It depends on who you bank with. Assuming we have all the supporting documentation we need to assess your loan suitability, the funds could be in your bank account within 20 minutes after receiving approval for Personal Loans, depending on your bank.

Fee Disclosures

Our Small Personal Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $1,000 over 9 months has fees and charges totalling $560 (1 x $200 + 9 x $40), resulting in a total repayment of $1,560. The minimum loan term is 2 months and a maximum of 12 months.

Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be settled early with no penalty and fees will only be charged whilst there is an outstanding balance on the loan, hence early settlement will reduce the amount payable on the loan. Loans are subject to assessment criteria and suitability. The maximum annual percentage rates on our loans is 217.95%.