Anyone about to apply
Free guide for pensioners and dva recipients
Car finance on the pension: 5 things to know first
Pension and DVA income can be assessed like any other income by some lenders. Here is what they check.
General information only. Australian Credit Licence 509582.
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Free guide for pensioners and dva recipients
What should you have sorted before you apply?
Work through each point in order. Every one is something you can check or prepare yourself.
- 1Your income statement from Centrelink or DVALenders use your current statement to confirm what you receive each fortnight. You can download it from myGov.
- 2Your fortnightly budgetAdd up what goes out every fortnight, including any other debts. The repayment has to fit comfortably after that.
- 3
- 4
- 5
Looking for how lenders treat the Age Pension, DSP and Carer Payment, and what Centrepay can and cannot pay? Read our full page on car loans for pensioners.
On Parenting Payment or Family Tax Benefit? Read car loans for single parents.
More guides
Is there a guide closer to your situation?
Short checklists written for other kinds of borrowers.
Nurses and shift workers
What lenders look at before approving a nurse's car loan
Self-employed and ABN holders