Loans for people on centerlink payments | Bub Hub
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  1. #1
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    Default Loans for people on centerlink payments

    Is there such a thing? I need to take out a car loan or a small personal loan ($5000) but because I don't work I'm not sure if I can. Otherwise it'd have to go into Grant's name.

    Does anyone know of any places that do car/personal loans to people on pensions/c/link payments?

    TIA

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    There are all those small dodgy companies that you see ads for in local papers. They do loans for people on centrelink payments. I would hate to see what the interest rates and conditions of the loan are though.

    Apparently the CBA gives out loans up to $15,000 for people on pensions these days.

    Because you are partnered and your parnter is working i thnk you would stand more of a chance getting a loan together or otherwise as you said put it in your partners name.

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    The only place I know of is Motor Finance Wizard but apparently they are a rip off.

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    You might have a better chance because your partnered, if you have savings or save like $50 a fortnight/ week to show you can save it helps.

    the CBA is apparently good for pensioner loans.
    Although dont get your hopes up to much.
    Dont go with wizard or get car loans. ive heard they are both horrible.

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    Haven't we been over this in two prior threads

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    No. I am asking if I can get a loan in my name alone. If there are any places that do loans for people on centerlink payments.

    We have $1000 saved already (well actually a bit more but I can only put $1000 on down payment) and we also have a joint account. would any of this make a difference?

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    You could give it a shot. I don't think you would stand much of a chance though.

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    Quote Originally Posted by HarvestMoon View Post
    You could give it a shot. I don't think you would stand much of a chance though.

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    So basically I probably won't be able to get a loan in my name then?

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    Give it a go and see. What is the worst that can happen?? They say no?? well at lease then you know where you stand!

    After you have done this then perhaps you might have a little more luck in convincing that DH of yours to put the TV on the back burner.


 
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