Single Parent Loans up to $30,000

1. Subject to verification, suitability and affordability
* Capital Finance is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Single Parent Loans

The good news is that Capital Finance likes to give everyone a fair go¹ - even you!
As a single parent, Capital Finance will consider your application as long as your income, either from earnings or Centrelink^* is $2,080¹ a month or more.

Whatever the loan purpose, from emergency repairs, holidays, rental bonds to medical or dental expenses, get started using the form above. For our secured vehicle loans, please see our Single Parent Car Loans page for more details.

To Qualify, you must:

Be Over 18 Years Old
Have Take Home Income or Benefits over $480 a Week¹
Be an Australian Resident
Get Your Income Paid into Your Bank Account
Be Employed or Receiving Centrelink payments¹

As a single parent, we will consider your application, even if:

You are receiving disability or parenting pension payments
You have been refused credit elsewhere
You have retired and are on a pension
You don't have a good credit history
You are receiving Centrelink income¹

Check These Out:

Customers who have viewed this page and shown an interest in single parent loans, have also visited the following pages:

Single Parent Car Loans

Pensioner Car Loans

Car Loans on Centrelink*

Personal Loans

* Capital Finance is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Single Parent Loan FAQs

A Single Parent Loan is designed specifically to assist single parents by providing them Centrelink friendly^* loans. We understand that being a single parent comes with unique challenges, and regular loans might not be accessible for everyone. Unlike traditional loans, our Single Parent Loans aim to be more flexible, giving you a fair go¹ even if you have a bad credit history or other issues that might make it challenging to secure a loan elsewhere.

To qualify for a Single Parent Loan¹, you need to meet the following criteria:

Be an Australian resident
Be over 18 years old
Have your income paid directly into your bank account
Have a take-home income (after tax) or benefits of over $480 per week

This ensures that we can responsibly lend to you while giving you the financial assistance you may need. Even if you have bad credit, we'll give you a fair go.

We understand that life happens, and not everyone has a perfect credit history. While we do take your financial history into consideration, it's not the only factor to qualify for our bad credit loans. We look at your current ability to repay the loan and your overall financial situation. So, a poor credit history won't necessarily disqualify you.

The maximum unsecured personal loan amount depends on your source of income:

If you have income as a single parent from Centrelink^* and elsewhere¹, you can apply for up to $30,000.
If 100% of your income comes from Centrelink benefits^*, you can apply for up to $10,000.

This allows us to tailor the loan to your specific financial situation and affordability.

Yes, you absolutely have the option for early repayment! And guess what? There are no penalties for doing so. If you find yourself in a position to repay the loan earlier than planned, you can go ahead without worrying about extra charges.

We understand that unexpected situations can arise. If you find that you'll miss a payment or can't make it on time, the best thing to do is to get in touch with us as soon as possible. We'll review your situation and work with you to find a solution that's manageable for you.