Loading...
Losing a loved one is hard enough without financial stress. MoneyBuddy offers funeral loans from $500 to $5,000 with same day funding so you can give your loved one the farewell they deserve without worrying about how to pay for it right now.
Proudly Local
Australian Team
Quick & Easy Loans
Same Day Funds
Money In the Same Day
Payments In 60 Seconds
Quick Application
Instant Approval
Funds in 60 secs1
The average Australian funeral costs between $4,000 and $15,000. Most funeral directors require a deposit before they begin making arrangements.
When someone you love passes away, the last thing you want to think about is money. But the reality is that funerals are expensive, and the costs need to be addressed quickly. Most funeral directors require a deposit before they begin making arrangements, and the full balance is typically due within 30 days of the service.
In Australia, the average funeral costs between $4,000 and $15,000. Even the most modest cremation service runs to $2,000 or more once you include the funeral director's professional fees, the cremation itself, and basic documentation.
For many families, this expense arrives at the worst possible time. Grief makes it hard to think clearly, and the financial pressure adds another layer of stress to an already devastating situation. Savings may not cover the full amount, and accessing funds from the deceased person's estate can take weeks or months while probate is processed.
A funeral loan from MoneyBuddy can bridge that gap. It provides fast access to funds so you can make the arrangements your loved one deserves, without the added stress of scrambling for money during the most difficult days of your life.
Application
Max Loan
Funding
Max Term
Funeral costs vary significantly depending on the type of service, location, and personal preferences. Here's a realistic breakdown of what you might expect to pay.
These costs add up quickly, and there's often little time to shop around for the best price when arrangements need to be made within days of a death.
We make borrowing simple, transparent, and fair for all Australians.
Receive funds on the same business day so you can make arrangements without delay.
A simple, dignified process during a difficult time. No unnecessary hurdles.
No minimum credit score. We focus on your current situation, not your credit history.
We've designed our process to be as simple and compassionate as possible. When you're grieving, you shouldn't have to navigate a complex application process or wait days for a decision.
Apply online in under 5 minutes. Our application form is straightforward. Tell us how much you need, provide your basic income and expense details, and submit. Everything happens online, so you can apply from home without leaving the family during a difficult time.
Get a fast decision. Our technology assesses your application quickly, typically within minutes during business hours. We understand the urgency and process applications with care and speed.
Receive funds the same day. Once you accept your loan offer, the money is transferred directly to your bank account. Most customers receive funds on the same business day, allowing you to pay the funeral director's deposit and begin making arrangements immediately.
We keep the process simple because we know you have more important things to focus on right now. There are no lengthy phone calls, no branch visits, and no piles of paperwork. Apply, get approved, and receive your funds so you can turn your attention back to your family.
Buddy is here to make sure getting a loan isn't stressful. No confusing jargon, no hidden fees, no runaround. Just a mate who helps you get the cash you need, when you need it.
If you receive an insurance payout or estate funds later, you can make extra repayments at any time with no penalty.
During a time of grief, financial decisions can feel overwhelming. We want to make sure you understand exactly what a funeral loan will cost before you commit.
Buddy Boost (funeral loans from $500 to $2,000)
For smaller funeral expenses or contributions to a larger family-funded funeral, the Buddy Boost tier applies. Fees include a 20% establishment fee and a 4% monthly fee. Terms range from 5 weeks to 6 months.
For example, borrowing $2,000 over 6 months gives you a total repayable of $2,880.00, working out to around $110.77 per week.
Buddy Plus (funeral loans from $2,001 to $5,000)
For larger funeral costs, the Buddy Plus tier offers more time to repay with lower instalments. It has a $400 establishment fee plus an annual interest rate, with terms from 13 to 24 months.
For example, borrowing $5,000 over 24 months gives you a total repayable of $6,960.00, working out to around $66.92 per week.
Both tiers offer flexible repayment schedules. Choose weekly, fortnightly, or monthly payments to match your income. If you later receive funds from the deceased's estate, insurance payouts, or family contributions, you can make extra repayments at any time without penalty to reduce your total cost.
Borrow Between
$500 To $5,000
No Hidden Fees
Payout Early For Discount
Flexibility
Smart, Flexible Payment Solutions
Loan amount: $500 - $2,000
Term length: 5 weeks to 6 months
Fees: 20% establishment fee + 4% monthly fee
Example
Loan amount: $2,001 - $5,000
Term length: 13 to 24 months
Fees & interest: $400 establishment fee + annual interest rate
Example
The comparison rate is based on an unsecured $2,500 loan repaid weekly over 6 months.
WARNING: This comparison rate applies only to the examples provided and may not reflect all fees and charges. Actual rates may vary depending on your loan amount, term, and circumstances.
Examples assume repayments are made on time in line with your loan agreement. Additional charges may apply if payments are missed or delayed.
Check whether the deceased had funeral insurance, life insurance, or superannuation death benefits. These can cover or reduce funeral costs.
Before borrowing, it's worth checking whether you're eligible for government or community assistance that could reduce the amount you need.
Centrelink Bereavement Payment. If you were the partner of someone who has passed away and you were both receiving a Centrelink payment, you may be eligible for a lump sum Bereavement Payment. The amount and eligibility depend on your circumstances.
Centrelink Bereavement Allowance. If your partner has passed away and you're not already receiving a Centrelink payment, you may qualify for a short-term Bereavement Allowance for up to 14 weeks while you adjust.
Funeral assistance from your state. Some states and territories offer funeral assistance for people experiencing financial hardship. Contact your state's Department of Human Services or equivalent to check what's available in your area.
Superannuation death benefits. If the deceased had a superannuation fund, their death benefit can be claimed by eligible dependants. This process can take several weeks, so it may not help with immediate funeral costs, but it could allow you to repay a loan faster once received.
Funeral insurance. Check whether the deceased had any funeral insurance, life insurance, or funeral bonds. These policies are specifically designed to cover funeral costs and may fully or partially cover the expenses.
Community organisations. In cases of extreme financial hardship, organisations like the Salvation Army, St Vincent de Paul, and local community groups may be able to provide emergency funeral assistance.
A MoneyBuddy loan can work alongside these options. For example, you might use a loan to cover the immediate funeral costs and then repay it once insurance or estate funds come through.
Three simple steps to get your loan funded.
Complete our straightforward online form in under 5 minutes. We keep it simple during a difficult time.
Our technology delivers a quick decision so you can focus on what matters most right now.
Approved funds go directly to your bank account the same business day.
While you want to honour your loved one's memory, there are ways to reduce funeral costs without compromising on dignity or respect.
These choices don't diminish the significance of the farewell. A meaningful funeral is about the people who attend and the love they share, not the price tag.
Real feedback from real Australians who've used MoneyBuddy.
“Really good and actually responds to emails”
“Fantastic staff - so helpful and friendly. Couldn't recommend a speedier service”
“I needed a quick loan to pay off some medical bills. MoneyBuddy got me the funds quickly and easily, without the usual hassle that other loan companies present with. Very happy with the service, will use again.”
Dealing with a funeral director, managing family logistics, and processing grief is exhausting. The last thing you need is a complicated borrowing process. Here's why families trust MoneyBuddy when they need funeral funding.
Speed when it matters most. Funeral arrangements typically need to begin within days of a death. MoneyBuddy's same day funding means you can apply in the morning and have funds available to pay the funeral director that afternoon. No waiting, no delays.
A simple, dignified process. Our online application takes less than 5 minutes. There are no lengthy phone interviews, no branch visits, and no insensitive questions. We keep it simple because we know you have more important things to focus on.
No credit score barriers. Financial stress during bereavement shouldn't be compounded by a lender rejecting you because of your credit history. MoneyBuddy assesses your current ability to repay, not your past financial difficulties.
Flexible repayment. Choose a repayment schedule that works for you. Weekly, fortnightly, or monthly. And if estate funds, insurance payouts, or family contributions come through later, you can pay off your loan early with no penalty.
Centrelink income accepted. If you're receiving Centrelink payments, including Bereavement Payments or Allowances, we accept these as valid income for your application.
No one plans for the cost of losing someone they love. When the time comes, MoneyBuddy provides a fast, respectful way to access the funds you need, so you can focus on honouring your loved one's memory and supporting your family through grief.
Everything you need to know about borrowing with MoneyBuddy.
Yes. MoneyBuddy offers personal loans from $500 to $5,000 that can be used to cover funeral and related expenses. The funds are transferred directly to your bank account, and you can use them to pay the funeral director, purchase flowers, cover travel costs for family members, or any other expenses related to saying goodbye to your loved one.
The average funeral in Australia costs between $4,000 and $15,000 depending on the type of service. A basic cremation without a formal service typically costs $2,000 to $4,000. A standard funeral with a service, coffin, and burial can range from $8,000 to $15,000 or more. MoneyBuddy loans of up to $5,000 can cover or contribute to these costs.
Most approved customers receive their funds on the same business day. We understand that funeral arrangements need to be made quickly, and our process is designed to deliver funds as fast as possible. Apply during business hours for the fastest turnaround.
Yes. We accept Centrelink payments as valid income, including JobSeeker, Parenting Payment, Disability Support Pension, Age Pension, and other eligible benefits. If you're also eligible for the Centrelink Bereavement Payment, that can help supplement your funds.
Yes. MoneyBuddy does not have a minimum credit score requirement. We understand that financial difficulties can happen to anyone, and they shouldn't prevent you from giving your loved one a proper farewell. We assess your application based on your current income and expenses.
You can use the loan for any expense related to the funeral and bereavement. Common costs include funeral director fees, coffin or casket, cremation or burial fees, flowers, catering for the wake, venue hire, memorial plaques, travel for family members, and time off work.
Yes. Centrelink offers a Bereavement Payment and may provide a Bereavement Allowance for eligible people. Some states also offer funeral assistance for people experiencing financial hardship. We'd encourage you to check your eligibility for these payments as well, as they can reduce the amount you need to borrow.
While MoneyBuddy loans are individual (we don't offer joint loans), multiple family members can each apply for their own loan to share the cost. Alternatively, one person can take out the loan and family members can contribute to the repayments informally.
Do you really need a loan today?
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan. If you are on government benefits, ask if you can receive an advance from Centrelink: www.servicesaustralia.gov.au
Apply in under 5 minutes. No paperwork, no hidden fees.