Loans For Pensioners

What Is A Pensioner Loan?

Pensioner loans are a form of personal loan intended to be taken out by individuals at least 65 years of age (depending on your date of birth). Loans for pensioners are determined by a number of factors, including current income or assets, but we always keep an open mind – we give pensioners a chance and understand that loans for Centrelink pensioners and those on disability pensions can be challenging to take out with other lenders.

Why You Might Need A Loan

The basic answer is: you need money that you don't have, and you need it now. Maybe you need to pay for surgery, or maybe your car just broke down – a pensioner loan would help you cover costs in an emergency, giving you the help you need to stay afloat. Even if you just need a few hundred dollars to cover bills or rates, a pensioner loan could be the answer to your problems.

Like all loans, you should take the time to consider whether a pensioner loan is right for you.

How Much Can You Borrow?

The answer to this question varies from lender to lender, but at Sunshine loans, we focus on small, fast loans. We can offer you up to $2,000 to put towards bills, holidays or birthdays, and if you're able to pay your loan back early, more power to you – we don't punish people for early repayments.

An instant loan for pensioners through Sunshine Loans is a great idea for individuals who don't want to overburden themselves with debt, since we don't allow people to take out loans of tens of thousands of dollars. Instead, we prefer smaller loans with a balanced period of repayment. Our loan costs and other fees are clearly outlined, so you won't be tripped up by any technicalities.

Why Choose Sunshine Loans?

Because we're the fast loans specialists. Our loans for pensioners individuals have nothing to hide; they're paperless, and we can have money in your nominated bank account in under 24 hours. We've also helped thousands of Australians in the past to secure up to $2,000 to put towards whatever they wish – whether it be paying for airfares to visit family members, or covering vet bills for the furrier members of the family.

We are understanding and respect every applicant's unique circumstances, meaning we can potentially offer loans for pensioners with bad credit.

Apply For A Pensioner Loan

There's a reason why we call our loans for pensioners instant: they take just five minutes to apply for online, or if you're more comfortable talking to a human being, you can give our friendly team call on (07) 5526 8866 (9:00am to 4:00pm QLD time).
When you apply for a personal loan with Sunshine Loans, you'll need to meet the following criteria:

• Be aged at least 18 years old.
• You must earn $300 a week (take home pay). This income can come from a part-time or full-time job and government benefits (e.g. Centrelink), but cannot solely come from government benefits.

We accept applications for our instant loans for pensioners 24 hours a day, 7 days a week.

Frequently Asked Questions

Can I Get A Loan If I Am A Centrelink Pensioner?

We certainly can provide loans for Centrelink pensioners, provided that you meet the remaining criteria mentioned above. This means that you must be earning $300 a week take home pay. This could be from an investment property or casual job, but it cannot come solely from Centrelink benefits.

Can I Get A Disability Pension Loan?

Our disability pension loans follow the same rules as our age pension loans and other loans for people on fixed incomes. In short, that means yes (as long as you meet the eligibility criteria above).
You will need to be receiving a Centrelink disability benefit and meet both the medical and non-medical rules as outlined by Centrelink.

Can I Get A Loan If I Am A Pensioner With Bad Credit?

You certainly can! We assess each application individually and take into account your personal situation. Just because you've had some bad experiences in the past doesn't mean you can't turn things around. Talk to us today to see what we can do for you.