No Stress.
Pensioner Loans Tailored to You.

Applying for a loan as a pensioner can seem hard. At Rapid Loans, we make the application quick, easy and tailored to you.

We are here to help

Pensioner Loans

We offer personal loan assistance to people on Centrelink. If you are receiving Centrelink benefits, we may also be able to give you access to Centrelink loans & fast cash loans. If you’re looking to apply for a personal loan but feeling unsure about what you’re eligible for and do not know where to turn, then Rapid Loans can help. It is a general misconception that you may be ineligible for a personal loan if you’re receiving government or Centrelink benefits. However, this may not be the case.

At Rapid Loans, we are dedicated to helping each and every one of our clients live their lives comfortably while offering opportunities to be able to live out the lifestyles they desire. Although applying for a loan may seem daunting, our friendly consultants will work alongside you every step of the way to make the process as simple as possible. With a completely online platform, you may apply from the comfort of your home with minimal fuss.

Whether it’s for a medical bill, an urgent trip, a car repair, or new plumbing equipment, our loans are structured to take the stress out of a tight budget situation and get the financial means for your needs. One advantage of our small loans is that it is affordable and flexible. Our contracts are easy to understand. There are no hidden fees to surprise you in the future.

While our assessment process is thorough and takes your unique circumstances into account, our loan application is simple, taking just minutes to complete. Our clients can expect a prompt response from one of our knowledgeable, friendly consultants and, if approved, funds may be in your account within 24 hours, all from the comfort of your own home. Rapid Loans is all about making the process to apply for and access personal loans for pensioners that much easier.

For us to work out a way to help you, you need to gain a thorough and comprehensive understanding of your own financial circumstances. If you are ready to proceed, you can start your application today. We advise speaking to our pension loan consultants to learn about our pensioner loans. Complete our online contact form or request a call-back and we’ll contact you as soon as possible.


Personal Loans for Pensioners

We understand pensioners find it difficult to qualify for a loan from a bank. The good news is that looking for pensioner loans online is the next best move. Rapid Loans is here to help. We offer fast cash loans for pensioners like you, helping you meet your financial requirements quickly and easily.

The Right Loan For You

If you are worried about your credit history, we will do our best to look at your application on its own merits. Having bad credit means that negative factors appear in your credit history. Our consultants will take the time listen to your story and find the right loan for you.

Tailored Loans for Pensioners

Just because you receive government assistance does not mean that you have to be left in the dark when it comes to accessing a personal loan that suits you. We are passionate about helping everyday Australians achieve their own goals and live the lifestyle they choose through our personal loan products.

How it works

Apply Online

Complete our easy online application form. Don’t worry, we only need the important stuff to get you moving.

Upload Documents

Upload your important docs via our secure online platform. We’ll tell you what you need, and it only takes a few minutes.

We’ll Get In Touch

Your application will be reviewed and one of our friendly loan consultants will be in touch soon!

Receive Funds

If approved, have your funds faster than you can say Rapid Loans! If you applied in the morning, they could hit your account the very same day.

We are here to help you

Frequent Questions

Find the answers you are looking for by browsing through a number of questions we get asked a lot.

I am on government benefits, can I still get a loan?

At Rapid Loans, a range of government benefits may be conditionally accepted for you to be able to get a secured personal loan. It’s worth keeping in mind that even though a pensioner can generally get a loan, only some benefits are accepted as eligible forms of income. Some of the most common Centrelink benefit payments include:

JobSeeker Payment – Financial help if you’re between 22 and the age pension age and looking for work. Carer Payment – If you give constant care to someone who has a severe disability, illness or an adult who is frail aged.
Parenting Payment – The main income support payment while you’re a young child’s main carer.
Austudy – Financial help if you’re 25 or older and studying or doing an apprenticeship.
Family Tax Benefit A & B – A payment that helps with the cost of raising children.

We understand that loans for pensioners are often hard to come by but they’re not impossible. While Rapid Loans does not provide payday loans for pensioners, it’s actually a general misconception that you may be ineligible for a personal loan if you’re receiving government or Centrelink benefits.

Secured loans for pensioners are something that Rapid Loans is happy to help you with whether you have urgent financial needs, need a travel loan to escape somewhere tropical or your car is due for an upgrade.

If Centrelink benefits form part of your income, then depending on your total income when compared to your expenses, you may be eligible for a pensioner loan with Rapid Loans. Loans for pensioners are usually handled on a case-by-case basis and differ between lenders according to their eligibility criteria. Every person has a different financial situation, so we believe it’s important to take the whole situation into consideration without discriminating on the basis of whether someone is a pensioner or not. Whether you’re receiving a benefit from the government or have a paying job, we look at each application individually and assess how likely that individual is to pay back the loan. If you’re looking to apply for a pension loan online with a trusted Australian lender, look no further than Rapid Loans as we can offer personal loans for pensioners ranging in loan amount from $2,001 – $40,000.

Please note that Rapid Loans does not accept all Centrelink benefit types. If you need help with a sudden financial emergency, you may be able to get part of your income support payment or family tax benefit early from Services Australia. This is known as an advance payment and you must pay it back later out of your payments..

What types of pensioner loans are available?

Secured pensioner personal loans are available for people receiving a pension from the government, and they’re essentially the same type of loan anyone else could take out such as a:

Secured Personal Loan – A personal loan that’s secured by an asset such as a car or other type of motor vehicle.

Car Loan – A personal loan that can be used for a new or used vehicle from a private seller or dealership. It also covers vans, trucks, motorbikes, utes, caravans, 4WDs, boats and jet skis.

Travel Loan – A secured personal loan that you can use to cover the costs of your holiday including flights and accommodation, so you’ve got the freedom to explore.

Debt Consolidation Loan – A single loan that brings together all of your existing debt to make it easier to manage repayments.

A pensioner personal loan could be one of the easiest ways to help with a large purchase, or some unexpected bills. At Rapid Loans, we strongly believe in inclusive lending so understand there are instances that call for cash loans when you’re on a pension. We don’t believe that just because you’re receiving money from the government that you should be ineligible to apply for a loan.

Rapid Loans loan terms vary from 18 to 60 months with amounts ranging from $2,001 up to $40,000, depending on your borrower profile, loan product, loan amount, and other factors. We also offer fixed interest rates so you can appropriately budget for your repayments and don’t charge any fees for early payouts or additional loan repayments on top of the normal repayment schedule, isn’t that a win!.

What loan options are available for pensioners with bad credit?

The loan options that may be available to pensioners with bad credit include a personal loan, car loan, travel loan, and debt consolidation loan. As a pensioner with bad credit, we might be able to help you obtain a loan for a new car, a much-needed holiday, medical expenses or a personal loan.

Our loan options aren’t limited to retirees and pensioners. Taking out a secured loan means you will need to provide a registered road or marine vehicle as security for your loan. We offer  secured personal loans with a fixed interest rate over a fixed repayment term.

We do our best to look at your application on its own merits, so for us to see if we can help you, you need to gain a thorough and comprehensive understanding of your own financial circumstances and how a pension personal loan can help you live your best life. 

If you’re worried about your credit score, then avoid applying with several lenders in a short period. Doing this can impact negatively on your credit score so try to apply with one lender first. If you don’t qualify then it’s worth finding out why. Once you know the reason, you might be able to apply with a lender with different eligibility criteria that you might meet.

How do I apply for a pensioner loan?

The need to finance a larger purchase can happen no matter what your situation is. We understand that many financial institutions aren’t willing to offer personal loans to pensioners because of their employment status. At Rapid Loans, we know that pensioners just like you often need cash loans too, so we assess each application on its merits.

While the Rapid Loans assessment process is thorough and takes your unique circumstances into account, our loan application form is simple and takes just minutes to complete. You’ll be required to select the amount you’d like to borrow and the repayment time, as well as fill in some personal information such as proof of your identity and your most recent 90-day bank statement. You may also be asked to provide a number of documents as evidence that you can repay the loan, this could include having some form of income outside your pension like investments or other assets. This supplementary income can greatly improve your chances of loan approval as lenders will look at how much you earn from your pension, Centrelink payments and other income to then compare it to the repayment amounts.

Rapid Loans is all about making the process to apply for and access personal loans for pensioners that much easier so our customers can then expect a prompt response from one of our knowledgeable and friendly consultants. If approved, the funds may be in your bank account within 24 hours, all from the comfort of your own home and without having to wait in line at a bank! You’ll then repay the debt in instalments from your pension that fit your lifestyle, whether that’s paying weekly, fortnightly or monthly.

To apply for a pension loan online today, simply apply here to get started!