Pension Loans Scheme

About the scheme

You can apply for a non-taxable loan if you need extra income or help for a short time or an indefinite period.

Changes to the Pension Loans Scheme will impact new and existing participants. More people will be able to access it. Read more about Changes to the Pension Loans Scheme from 1 July 2019.

There is no lump sum.

If we grant your application, we’ll pay the loan to you fortnightly. You can choose the amount of the fortnightly loan, up to the maximum rate of pension.

If you already get the maximum rate of pension we cannot make any loan payments to you.

You can request us to stop your loan payments any time.

This information was printed Tuesday 21 May 2019 from https://www.humanservices.gov.au/individuals/services/centrelink/pension-loans-scheme/eligibility-payment-rates/about-scheme It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.humanservices.gov.au/individuals/site-notices when using this material.

Page last updated: 13 May 2019