Can single parents apply for a personal loan?

Yes. Single parents can apply for a personal loan if they meet the lender's eligibility criteria. Approval depends on factors such as income, expenses, existing financial commitments, credit history and the ability to comfortably repay the loan.

How much can I borrow with Credit24?

Credit24 offers personal loans from $500 to $10,000, subject to eligibility, responsible lending obligations and our lending criteria.

Can I apply if I receive Centrelink payments?

"Some applicants who receive Centrelink payments may be eligible to apply. Income from eligible sources may be considered alongside other factors including expenses, existing debts, credit history and repayment affordability. Approval is never guaranteed.

How long does it take to apply for a single parent loan?

The online application typically takes less than 10 minutes to complete. If approved, funds are often transferred the same day, and may arrive within minutes to eligible OSKO participating banks.

Can I apply outside business hours?

Yes. Credit24's online application process is available 24/7, allowing eligible customers to apply anytime that suits them.

Can I apply with a poor credit history?

You can submit an application even if you have a poor credit history. Every application is individually assessed based on a range of factors including your financial situation and ability to repay. Approval is not guaranteed.

Are there penalties for paying my loan off early?

Credit24 does not charge early repayment penalties on eligible personal loans, allowing customers to repay sooner if they choose.

Should I get a personal loan as a single parent?

A personal loan may be suitable for covering essential or unexpected expenses if you can comfortably afford the repayments. Before borrowing, consider your financial circumstances and whether alternatives such as Centrelink Advance Payments or No Interest Loans (NILs) may better meet your needs.

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Single Parent Loans

Single Parent Loan repayment calculator

$3,000

$500$10,000

Repayments

Credit History

Apply now

DISCLAIMER: This calculator provides indicative interest rate and repayment estimates across Credit24’s lending products for general guidance only. It does not constitute an offer of credit. Actual loan terms, rates, and fees may vary based on your circumstances, our credit assessment, and responsible lending obligations. The APR is illustrative and all figures are subject to change.

Managing a household on your own can be challenging when unexpected expenses arrive all at once. Credit24 personal loans from $500 to $10,000 can be of help with family, household or emergency costs. Apply online in under 10 minutes and get a quick decision—funds can be sent in minutes if approved.*

Single Parent Loans

Single Parent Loan repayment calculator

$3,000

$500$10,000

Repayments

Credit History

Apply now

Benefits of Credit24 Single Parent Loans

Managing money as a single parent can be difficult when bills, school costs, car repairs or urgent household expenses arrive at once.

Start application

Single Parent quick loans up to $10,000

Apply for a Loan from $500 to $10,000. Fast online process and quick access to funds, if approved.

Same Day Loan decision

Apply online 24/7 ,complete application in under 10 minutes and get an instant initial response.

Pre-approved applications are usually processed the same day (Mon–Sat, AEST).

Flexible repayments

Choose a loan term from 6 to 36 months based on your circumstances. Get a clear repayment schedule upfront—no hidden fees or surprises.

Fast and easy cash payout

If approved, your funds can be transferred in minutes* to eligible OSKO participating banks.

Financial Support When Family Costs Can't Wait

Single parents often balance household bills, children's needs and unexpected expenses on one income. Even with wages, child support, Parenting Payment or other Centrelink support, a sudden cost can put pressure on the family budget.

A personal loan may help cover expenses such as:

• School fees, uniforms, laptops or educational technology
• Childcare costs and extracurricular activities
• Car repairs, registration or insurance shortfalls
• Household appliances and essential home items
• Medical, dental or pharmacy expenses
• Rent shortfalls or moving costs
• Utility bills and urgent household expenses
• Emergency travel
• Furniture and essential household purchases
• Debt consolidation, where suitable

Whether you're exploring single parent loans Australia-wide or simply comparing your options, it's important to borrow only what you can comfortably afford to repay.

Apply today

single parent loan , mother with kids in the zoo have expenses to support kids

Single Parent Loans online in 3 easy steps

Complete our online application in just a few minutes.

Choose how much you want to borrow, from $500 to $10,000.

Get a fast loan decision and, if approved, receive funds in minutes*.

Apply now

Popular types of Single Parent Loans

The cost of a loan depends on the amount borrowed, loan term and your individual circumstances.

Small loans

Loan Amounts:
$500 - $2000
Establishment Fee:
20%
Monthly Service Fee:
2-4%
Interest:
Not Applicable
Terms:
6-12 Months
Late payment fees (per default)^:
$10

Medium loans

Loan Amounts:
$2,001 - $5,000
Establishment Fee:
$400
Monthly Service Fee:
0
Interest:
24-48% p.a.
Terms:
12-24 Months
Late payment fees (per default)^:
$10

Large loans

Loan Amounts:
$5,100 - $10,000
Establishment Fee:
$0
Monthly Service Fee:
$0
Interest:
24-48% p.a.
Terms:
12-36 Months
Late payment fees (per default)^:
$10

Can Single Parents on Centrelink Apply?

Some lenders may consider applications from people receiving Centrelink payments. However, income source is only one part of the assessment process.

At Credit24, applications are assessed based on a range of factors including: Income, Living expenses, Existing debts and commitments, Credit history, Ability to meet repayments

Where relevant, income from Parenting Payment, Family Tax Benefit, child support, wages or other eligible sources may be considered as part of the assessment.

If you're researching single parent loans Centrelink options, centrelink single parent pension loans, single parent pension loans or single parent loans with bad credit, it's important to understand that approval is never guaranteed and affordability remains a key consideration.

Services Australia's Parenting Payment is designed for the principal carer of a young child and is subject to eligibility, income, asset and residency requirements.

Before applying for paid credit, consider whether alternatives such as:

• Centrelink Advance Payments
• No Interest Loans (NILs)
• Community support programs

may better suit your circumstances.

Start application

Single Parent Loans answered

Got questions? You're not alone. Here's what others often ask and how we help.

Applying for a Same Day Loan with Credit24 is quick and easy. Apply online anytime. Choose your loan amount and term, check your repayments with our calculator, and click “Apply now” to get started.

You'll receive an instant response after submitting your application. If you're conditionally approved, we may request some additional details. Once everything is received, most applications are processed within the hour during business hours (Mon–Sat, AEST), and if your application is approved, funds can be sent within minutes to OSKO participating banks.*

At Credit24, applying for a personal loan typically takes only a few minutes. To complete your application, you'll need to provide essential information, including your mobile number, email address, identification, and three months of bank statements. These details are necessary to ensure your application can be processed efficiently.

Once submitted, your application will be reviewed by our credit assessment team. If any information is missing or requires clarification, we may contact you to confirm details. Ensuring your information is accurate and being available for follow-up can help expedite the approval process.

You may be eligible to apply for a Loan with Credit24 if you are at least 18 years old and an Australian citizen, Australian permanent resident, New Zealand citizen, or an eligible visa holder. You must be employed (full-time, part-time, casual, or self-employed), with income paid into a bank account, earn more than $500 per month, and have a reasonable credit history.

Centrelink payments may be included as part of your income, provided they do not make up the majority of your monthly income (unless you are of pension age).

If you are not eligible now, you may be in the future. All applications are assessed individually in line with responsible lending guidelines.