No Interest and Low-Interest loans offer affordable finance to people on low incomes. There are no credit checks, and minimal eligibility requirements.
To find a local provider, contact 13 64 57, or visit Good Shepherd website here.
NILS (No Interest Loan Scheme) operates through community organisations.
Who Qualifies: Low income earners or health care card holders
Loans: Of up to $1200
Repayment Period: 12 – 18 months
Fees & Interest: None
Money Lent For: Essential household goods or services, medical or educational needs.
StepUP – low interest loans through accredited community organisations in conjunction with NAB bank.
Who Qualifies: Health Care card holders , Pension Concession card holders, Low income earners.
Loan: Of up to $3,000
Repayment Period: between 6 months and 3 years
Interest Rate: 5.99%, with no other fees
Money Lent For: Household goods or services, medical needs, cars or car repairs.