LoansDirect Blog
home loan in Melbourne

Here’s a list of Grants and Benefits Offered in Melbourne, Australia

March 24, 2015

For someone with low-income and living in any of the Australian states or cities like Melbourne, Sydney, Perth, etc., this piece of article will help to know about all the different grants and benefits you can avail. These monetary advantages are brought in place to help to counterbalance some bills and put some cash in the pocket for other expenses. Many of these grants and benefits can prove to be a big financial aid for family and personal budgeting.

The list here is clubbed into categories to describe about the grants and benefits respectively. They are –

Low Interest or No-Interest Loans
The No-Interest Loan Scheme helps people living in Australia the ability to borrow up to $1,200 who have been receiving other benefits. These smaller lending include no interest or fees, however, it has to be repaid within 1.5 years compulsorily.

Step-Up Loan is another type of governmental loan that helps people to borrow up to $3,000 in one go. The step up loans generally have a low interest rate and no additional fees, however, it should be paid off within 36 months.

Household Assistance
To offset some of household expenses, this can be a big relief to any household in taking care of the finances. There are ways to get help in paying for a part of regular house rent payments based on the eligibility, your income, family size, where you live, and the type of home you have taken on rent.

When there are difficulties in disbursing utility bills, contact HESS – an agency that helps residents to handle their ever-increasing utility bills. The agency can also help to avoid service shutdown as well as ensure that you are getting all the special rates or benefits you deserve.

Childcare Benefit and Childcare Rebate is a kind of benefit that can help you to balance the cost of upbringing a child, by taking care of the part of childcare costs beforehand or by reimbursing later.

Income Support
Those who earn low income generally need financial assistance quite often. People who fall under this category avail benefits through the Centrelink office on a monthly or fortnightly basis.

Parenting Payment is applicable if you are single and have a child less than 8-years, or married and have a child below 6-years old. Parenting payments can range up to $713.20 per fortnight and are there to help in raising children.

Newstart Allowance is for those who recently lost the job, thus becoming eligible to avail Newstart Allowance payments. Anything between $460.90 and $713.20 per fortnight or for the time period you are looking for a job or depending on your specific situation, you can receive these payments.

Family Tax Benefit is for those who have a child less than 20-years old and is still studying in school, including at least 35 per cent of the time in providing the childcare. The payment amount differs based on your specific situation.

Age Pension is allowed to those over the age of 65 and no longer work for their living. The amount differs based on your situation, however, you could get $1,270.60 per fortnight.

Unable to decide whether you should choose a fixed or variable rate home loan in Melbourne? Book a FREE No Obligation Consultation to speak with home loan experts at Loans Direct.

More than $75 million AUD
disbursed in loans!