Caring for Community
No Interest Loans Scheme (NILS)

More About NILS

No Interest Loans (NILS) is for people who earn less than $70,000 annual income (before tax or $1064.15 after tax) as a single person or $100,000 annual income (before tax or $1442.08 after tax) if you have a partner or children and/or are receiving Centrelink Income benefits.

The loan can be up to $2,000.00 and to be paid off over a 12-month period. There is no interest, no charges, and no fees.

You can get a NILS loan for?

Your car expenses

• Registration/repairs

Household items

• TV, fridge, lounge, bedroom furniture, etc

Health items

• Hearing aids, glasses, sleep machines, dental, etc

Education costs

• TAFE, University or private College fees, textbooks, practical kits (hairdressing, make up, chef, forklift, traffic controller, uniforms with logos)

Technology

• Smart phones, laptop, iPad, etc

Veterinary expenses

Funeral expenses

• Headstone, service, cremation/burial, etc

To apply we will require the following documents:

• Photo ID
• Proof of your Income
• Proof of residence
  (Rent ledger, council rates if property is owned by you along with water rates)
• Last 90 days bank transactions (not statements)
• Latest electricity, gas, phone, internet bill
• Current loans or rentals within last 3 months
• Quote for loan item on a Company letterhead.

The letterhead must include, ABN and bank details, eg. Good Guys, Fantastic Furniture or Mechanics. Make, model & cost of the item.

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